Note 09
Current assets - Trade and other receivables
Consolidated
2012
2011
Notes
$’000
$’000
Net trade receivables
Trade receivables
(a)
68,953
85,385
Other receivables
(b)
33,943
59,436
Provision for doubtful receivables
(a)
(26)
-
102,870
144,821
(a) Allowance for impairment loss
As at 30 June 2012 there was an allowance of an impairment in trade and other receivables of the Group
of $26k (2011 ‑ nil). Movements in the provision for doubtful debts receivable are considered immaterial.
The ageing of trade receivables is as follows:
Consolidated
2012
2011
$’000
$’000
0‑30 days
58,180
75,175
31‑60 days
3,583
2,939
61‑90 days
592
671
> 90 days
6,598
6,600
68,953
85,385
(b) Other receivables
These amounts generally arise from
transactions outside the usual operating
activities of the Group. Collateral is not
normally obtained.
Other receivables include an accrual for the year
to date under recovery of Constrained Network
coal revenue as a result of the actual tonnage
throughput being below the budgeted volumes
on which the prices are set. Constrained
Network coal revenue is a product of a
regulatory return mechanism which includes a
recovery of maintenance activity and a rate of
return in relation to capital improvements.
Other receivables past due but not considered
impaired are: Group $4.6m (June 2011: $1.1m).
Direct contact is being maintained with the
relevant debtor and the Group is satisfied that
payment will be received in full.
(c) Foreign exchange and interest
rate risk
Information about the Group’s exposure to foreign
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