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HSRC Annual Report 2016/17
Notes to the
Annual Financial Statements
for the year ended 31 March 2017
1. Cash and cash equivalents
2017
R ‘000
2016
R ‘000
Cash at bank
11,488
16,972
Cash on hand
92
92
Short-term Investments*
49,727
94,084
61,307
111,148
* Included in the short-term investments are funds received from HSRC funders, for various research projects.
These funds had not been utilised as at 31 March 2017.
2. Trade and other receivables
2017
R ‘000
2016
R ‘000
Trade receivables
34,578
29,749
Other receivables
10,024
2,098
Less: impairment allowance
(875)
(1,459)
Balance at 31 March
43,727
30,388
2.1 Ageing of trade receivables
2017
R ‘000
2016
R ‘000
Current (0–30 days)
29,366
27,346
31–60 days
4,577
919
61–90 days
75
19
91–120 days
21
302
+ 121 days
539
1,163
Balance at 31 March
34,578
29,749
2.2 Ageing of other receivables
2017
R ‘000
2016
R ‘000
Current (0–30 days)
7,521
391
31–60 days
445
75
61–90 days
19
39
91–120 days
53
16
+ 121 days
1,986
1,577
Balance at 31 March
10,024
2,098