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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Notes
to the Company annual financial statements
continued
For the year ended 31 May 2017
2017
R’000
2016
R’000
2.
Financial risks
continued
Loans to subsidiaries and joint venture
Group 1
—
—
Group 2
976
976
Group 3
—
—
976
976
Loans receivable
Group 1
—
—
Group 2
106 305
115 678
Group 3
—
—
106 305
115 678
Trade receivables
Counterparties without external credit rating
Group 1
—
—
Group 2
—
5 329
Group 3
—
—
Total unimpaired trade receivables
—
5 329
The rating groups for counterparties without external credit ratings 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.
Cash at bank and short-term bank deposits
Credit rating based on latest Fitch local currency long-term issuer default ratings.
2017
R’000
2016
R’000
BBB-
—
1 303
BB+
1 002
—
1 002
1 303