NOTE 07
CURRENT ASSETS – TRADE AND OTHER RECEIVABLES
Consolidated
2013
$’000
2012
$’000
Trade receivables (a)
58,041
68,953
Other receivables (b)
37,692
33,943
Provision for doubtful receivables (a)
(32)
(26)
95,701
102,870
(a) Allowance for impairment loss
As at 30 June 2013 there was an allowance of impairment in trade and other receivables of the Group of $32k (2012:
$26k). The individually impaired items relate to rental on property where the lessees have fallen behind on lease
payments and every effort is being made to work with the tenants to ensure monies are recovered.
The ageing of trade receivables is as follows:
Consolidated
2013
$’000
2012
$’000
0-30 days
46,899
58,180
31-60 days
9,284
3,583
61-90 days
356
592
>90 days
1,502
6,598
58,041
68,953
The creation and release of the provision for impaired receivables has been included in ‘other expenses’ in profit or
loss. Amounts charged to the allowance account are generally written off when there is no expectation of recovering
additional cash.
(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 nil (June 2012: $4.6m).
Movements in the provision for impairment of receivables are as follows:
2013
$’000
2012
$’000
At 1 July
(26)
-
Provision for impairment recognised during the year
(1,443)
(26)
Receivables written off during the year as uncollectable
1,431
-
Unused amounts reversed
6
-
At 30 June
(32)
(26)
74
