SACAA Annual Report 2022_23

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Annual Financial Statements for the year ended 31 March 2023

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Notes to the Annual Financial Statements

27. Risk management (continued) Default Default occurs when: a) credit limits are exceeded; b) payments are not received within the approved period

In such cases the necessary collection measures were taken with due regard to the financial risk connected to a specific debtor account. Collection measures included handing accounts over to the Legal Department for follow-up. As at 31 March 2023, the SACAA did not consider that any significant concentration of credit risk existed in the receivable book which had not been adequately provided for. The table below provides an analysis of credit risk exposure inherent in the loans and receivables book at the year-end reporting dates, reconciled to the carrying value of net trade receivables as reported in note 4 and 5. 2023 Direct charges Indirect charges Total

Current balances Overdue balances

611 786

47 479 141 11 160 370 58 639 511 (11 610 824) 47 028 687

48 090 927 22 502 158 70 593 085 (15 601 376) 54 991 709

11 341 788 11 953 574 (3 990 552) 7 963 022

Subtotal

Impairment provision

2022

Direct charges

Indirect charges

Total

Current balances Overdue balances

3 044 889 13 162 334 16 207 223 (7 259 950) 8 947 273

41 561 496 6 575 430 48 136 926 (3 203 987) 44 932 939

44 606 385 19 737 764 64 344 149 (10 463 937) 53 880 212

Subtotal

Impairment provision

Definitions Direct charges include regulatory fees and calibration fees. Indirect charges include passenger safety fees and fuel levies.

Annual Financial Statements I Annual Report 2022/23 I 219