SACAA Annual Report 2022_23

S

Annual Financial Statements for the year ended 31 March 2023

R

A

Y

E

Notes to the Annual Financial Statements

2023

2022

4. Statutory receivables Trade debtors

70 593 085 (15 601 376) (1 669 626) 53 322 083

64 344 149 (10 463 937) (1 742 036)

Provision for impairment of statutory trade and other receivables

Unallocated receipts

52 138 176 Statutory receivables are carried at cost, which normally approximates their fair value due to the short-term maturity thereof. An adjustment for the impairment of statutory receivables has been made for estimated irrecoverable amounts. Statutory trade receivable ageing Current 48 090 927 44 606 386 0 to 30 days 3 907 031 6 526 743 31 to 60 days 645 638 955 495 61 to 90 days 415 384 297 958 over 90 days 17 534 105 11 957 567 70 593 085 64 344 149 Credit quality of statutory receivables The credit quality of trade and other receivables that are neither past nor due nor impaired can be assessed by reference to historical information about counterparty default rates as well as payment history. None of the financial assets that are fully performing have been renegotiated in the last year. Fair value of statutory receivables Statutory receivables 53 322 083 52 138 176 The management considers the carrying amount of statutory receivables to approximate fair value. Statutory receivables past due but not impaired At 31 March 2023, R 6 906 666 (2022: R 9 300 302) were past due but not impaired. The ageing of amounts past due but not impaired is as follows: One month past due 3 899 321 6 485 632 Two months past due 635 146 867 252 Three months past due 389 087 188 015 Older than three months past due 1 983 112 1 759 403 6 906 666 9 300 302

Annual Financial Statements I Annual Report 2022/23 I 201