Notes to the Company Annual Financial Statements | Note 6

6. OTHER RECEIVABLES

For details regarding the accounting policy, refer to note 4.

2026 
R'000 		 2025 
R'000 
FINANCIAL INSTRUMENTS
Proceeds on disposal of subsidiary 4 030  – 
NON-FINANCIAL INSTRUMENTS
Prepaid expenses 559  494 
4 589  494 
SPLIT BETWEEN:
Non-current assets –  – 
Current assets 4 589  494 
4 589  494 

EXPECTED CREDIT LOSSES

The maximum exposure to credit risk is the net carrying amount of the other receivables as presented below. BLU does not hold collateral or other credit enhancements against the other receivables.

The table below discloses the credit quality of the other receivables for which no external credit ratings are available. Equivalent credit ratings were based on the latest Moody’s default ratings. These ratings include forward looking adjustments for all relevant economic factors. Management defines default as when counterparties miss payments and future payments are either suspended or unlikely. Management writes off other receivables where they have actively pursued the debt and there is no indication of recovery.

2026 Gross 
carrying 
amount 
R'000 		 Loss 
allowance 
R'000 		 Amortised 
cost 
R'000 
Group 3 5 000  (970) 4 030 
RECONCILIATION OF LOSS ALLOWANCES 2026 
R'000 
Opening balance – 
Increase in loss allowance recognised in profit or loss during the year (970)
Closing balance (970)

The fair value of other receivables approximates their carrying amounts due to being receivable on demand.