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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
146
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
9.
TRADE AND OTHER RECEIVABLES continued
31 May 2015
Fully performing
2 515 633
— 2 515 633
Past due by one to 30 days
50 545
111
50 434
Past due by 31 to 60 days
28 742
98
28 644
Past due by 61 to 90 days
26 154
310
25 844
Past due by more than 90 days
38 390
9 408
28 982
2 659 464
9 927
2 649 537
Portfolio impairment
1 000
(1 000)
2 659 464
10 927
2 648 537
31 May 2014
Fully performing
2 127 087
— 2 127 087
Past due by one to 30 days
18 045
166
17 879
Past due by 31 to 60 days
4 349
601
3 748
Past due by 61 to 90 days
3 010
406
2 604
Past due by more than 90 days
13 961
8 030
5 931
2 166 452
9 203
2 157 249
Portfolio impairment
6 462
(6 462)
2 166 452
15 665
2 150 787
Receivables in respect of starter pack debtors are included in fully performing debtors above.
Trade receivables are discounted at a discount rate of 9.25% per annum (2014: 9% per annum) based
on average debtors’ days outstanding. The effect of discounting of the trade receivables balance
which amounts to R8.227 million (2014: R7.465 million) is not taken into account in the above table.
The trade receivables that are neither past due nor impaired relate to independent customers for
whom there is no recent history of default.
Sundry debtors are considered to be fully performing.
Gross
R’000
Impairment
R’000
Net
R’000