ELRC 202324 Annual Report

Financial Statements for the year ended 31 March 2024 EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (cont.)

Note 4 Trade and other receivables

Financial Assets at Amortised Cost

Non Financial Assets

31 March 2024

Total

Deposits

453 470

-

453 470

Other receivables

37

-

37

Prepayments

-

1 736 699

1 736 699

Trade receivables

110 318

-

110 318

563 825

1 736 699

2 300 524

Financial Assets at Amortised Cost

Non Financial Assets

31 March 2023

Total

Accrued income

44 855

-

44 855

Deposits

308 860

-

308 860

Flight ticket refunds *

37 488

-

37 488

Other receivables

5 203

-

5 203

Prepayments

-

954 579

954 579

Receivable from employees

-

3 435

3 435

Trade receivables

62 573

-

62 573

458 979

958 014

1 416 993

Trade and other receivables are not pledged as security. The carrying amount of the receivables approximate their fair value.

* Flight tickets refunds are air travel tickets that have been cancelled due unavailability of pre-booked travellers.

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