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For the year ended 31 May 2015
121
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
3.
FINANCIAL RISKS continued
The Group considers its maximum exposure per class, without taking into account any collateral and
financial guarantees, to be as follows:
2014
R’000
Loans receivable
Group 1
—
—
Group 2
74 083
44 973
Group 3
219
1 378
74 302
46 351
Loans to associates and joint ventures
Group 1
13 900
—
Group 2
193 186
153 800
Group 3
—
—
207 086
153 800
Trade receivables
Group 1
10 699
14 783
Group 2
2 619 334
2 117 891
Group 3
18 504
18 113
Total unimpaired trade receivables
2 648 537
2 150 787
Refer to note 9 for a breakdown of the provision raised for trade receivables. The effect of discounting
of the trade receivables is not taken into account in the table above.
The Group has subordinated a portion of its loan to a joint venture in favour of other creditors, to the
value of R45 million.
The rating groups for counterparties are categorised as follows:
Group 1 – New customers/related parties (less than six months).
Group 2 – Existing customers/related parties (more than six months) with no defaults in the past.
Group 3 – Existing customers/related parties (more than six months) with some defaults in the past.
All defaults were fully recovered or are in the process of being recovered.
2015
R’000