HSRC Integrated Annual Report 2018/2019

102 / HSRC INTEGRATED ANNUAL REPORT 2018/19 PART E: ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2019 2019 March 2018 March R’000 R’000 1 Cash and Cash Equivalents Cash at bank 12 313 11 712 Cash on hand 100 112 Short-term investments* 32 384 31 931 44 797 43 755 *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 2019. 2 Trade and Other Receivables Trade receivables* 52 303 40 295 Other receivables 9 856 5 126 Less: Impairment allowance (4 713) (1 639) Balance at 31 March 57 446 43 782 *Included in trade receivables is research work completed and not yet invoiced. Revenue is recognised using the stage of completion method. Details are shown below: Research projects in progress 16 990 13 008 16 990 13 008 2.1 Ageing of Trade Receivables Current (0–30 days) 30 590 30 056 31–60 days 2 675 7 430 61–90 days 3 664 590 91–120 days 5 552 1 316 + 121 days 9 822 903 Balance at 31 March 52 303 40 295 2.2 Ageing of Other Receivables Current (0–30 days) 3 274 4 467 31–60 days 380 7 61–90 days 53 32 91–120 days 66 5 + 121 days 6 083 615 Balance at 31 March 9 856 5 126 2.3 Impairment Allowance: Ageing + 121 days (4,713) (1,639) Balance at 31 March (4,713) (1,639)