SACAA Annual Report 2022_23

PART F I Annual Financial Statements Annual Financial Statements for the year ended 31 March 2023

Notes to the Annual Financial Statements

2023

2022

Statutory receivables impaired As of 31 March 2023, trade and other receivables of R 15 601 376 (2022: R 10 463 937) were impaired and provided for. The ageing of these receivables is as follows: One month past due 13 595 67 586 Two months past due 10 491 88 243 Three months past due 26 296 109 943 Older than three months past due 15 550 994 10 198 165 15 601 376 10 463 937 Reconciliation of provision for impairment of statutory receivables Opening balance 10 463 937 35 592 407 Increase/(decrease) in provision 5 137 439 (25 128 470) 15 601 376 10 463 937

Included in debt impairment are amounts owing by Comair R7 167 385, Interface R1 153 564, Gulfstream R583 714 and other debtors.

202 I Annual Report 2022/23 I Annual Financial Statements