NOTES TO THE FINANCIAL STATEMENTS AT 31ST DECEMBER, 2013
(continued)
8.
ACCOUNTS RECEIVABLE AND PREPAYMENTS
Less: Provision for impairment
2012
195,530
62,137
22,551
318,095
104,272
4,060
789,407
269,869
124,274
18,928
337,452
26,575
177,487
863,621
676,442
3,182,624
3,182,624
1,509,712
-
6,188,388
4,692,336
5,677,272
3,182,624
$1,496,052
Due from Grenada Co-operative Bank Limited – ATM
Grenada Co-operative League Limited
Other accounts receivable
Interest receivable
Prepaid expenses
ECHMB Mortgage sale advance
Government payroll receivable
Members overdraft accounts
British American Insurance Company Limited
- Corporate savings contracts – net
Colonial Life Insurance Company Limited
- Flexible premium annuity
2013
$2,494,648
The amounts due from British American Insurance Company Limited and Colonial Life Insurance Company Limited have been
provided for in full as there is considerable doubt as to their recovery.
9.
CASH AND CASH EQUIVALENTS
Cash on hand
RBTT Bank Grenada Limited
- Current account
Grenada Co-operative Bank Limited
- Current account (i)
- Current account (ii)
70
Cash and cash equivalents in the statement of cash flows
663,806
445,577
2,957,974
3,659,495
50,000
718,211
50,000
206,777
$4,389,991
$4,361,849