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HSRC Annual Report 2016/17
PART E: Annual Financial Statements
2.3 Impairment allowance: Ageing
2017
R ‘000
2016
R ‘000
+ 121 days
(875)
(1,459)
Balance at 31 March
(875)
(1,459)
2.4 Reconciliation of the impairment allowance
2017
R ‘000
2016
R ‘000
Balance at beginning of the year
(1,459)
(409)
Bad debts written off
525
1,179
Impairment movement
59
(2,229)
Balance at 31 March
(875)
(1,459)
2.5 Trade and other receivables past due but not impaired
Trade and other receivables which are less than three months past due payment are not considered to be impaired. At
31 March 2017, R5,190,000 (2016: R1,370,000) was past due date but not impaired.
The ageing of amounts past due date but not impaired is as follows:
2017
R ‘000
2016
R ‘000
30 days past due
5,022
994
60 days past due
94
58
90 days past due
74
318
5,190
1,370
2.6 Trade and other receivables impaired
As at 31 March 2017, trade and other receivables of R875,000 (2016: R1,459,000) were impaired and provided for. The
ageing of these receivables is as follows:
2017
R ‘000
2016
R ‘000
Over 180 days
875
1,459
875
1,459
The fair value of trade receivables approximates their carrying amounts.
3. Inventories
2017
R ‘000
2016
R ‘000
Finished goods **
5,790
5,195
Publications
5,712
5,071
Cafeteria
78
124
Work in progress *
196
160
5,986
5,355
* Work in progress consists of books in production.
** Finished goods are taken into account when computing costs of goods sold, as noted below: