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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Notes
to the Group annual financial statements
continued
For the year ended 31 May 2017
3.
Financial instruments and financial risks
continued
3.1 Financial assets continued
3.1.2 Trade and other receivables continued
Contingent consideration receivable
Changes in level 3 instruments are as follows:
2017
R’000
2016
R’000
Opening balance
15 860
17 757
Receipts
(12 839)
(5 813)
Gains or losses recognised in profit or loss
(3 021)
3 916
Closing balance
—
15 860
Total gains or losses for the period included in profit or loss for receivables held
at the end of the reporting period, under:
(Other expenses)/other income
(3 104)
3 650
Interest received
83
266
Unrealised gains or losses for the period included in profit or loss
for receivables held at the end of the reporting period
—
3 919
The Group’s exposure to credit and currency risk relating to trade and other receivables is disclosed in this note and
note 3.
Performance of trade debtors and receivables from related parties is assessed to be as follows:
Gross
R’000
Impairment
R’000
Net
R’000
31 May 2017
Fully performing
2 459 389
— 2 459 389
Past due by one to 30 days
20 341
(4 681)
15 660
Past due by 31 to 60 days
7 408
(32)
7 376
Past due by 61 to 90 days
2 938
(190)
2 748
Past due by more than 90 days
32 443
(14 117)
18 326
2 522 519
(19 020)
2 503 499
31 May 2016
Fully performing
2 313 935
— 2 313 935
Past due by one to 30 days
100 853
(342)
100 511
Past due by 31 to 60 days
32 298
(118)
32 180
Past due by 61 to 90 days
16 346
(150)
16 196
Past due by more than 90 days
46 476
(11 660)
34 816
2 509 908
(12 270)
2 497 638
Portfolio impairment
— (1 580)
(1 580)
2 509 908
(13 850)
2 496 058
Receivables in respect of starter pack debtors are included in fully performing debtors above.