2012
$
2011
$
5. Trade and Other Receivables
Trade receivables
Government funding and amounts owed by non-controlled entities and trade and
other receivables
Allowance for doubtful debts
Parent fees are paid either in advance or weekly. The average credit period on
rendering of services is 7 days. No interest is charged on the trade receivables. An
allowance has been made for estimated irrecoverable trade receivable amounts
arising from the past rendering of services, determined by reference to past default
experience. The Company has provided fully for all such receivables outstanding
at year end because historical experience is that receivables past due beyond year
end are generally not recoverable.
Other receivables
Other receivables and worked based centres
3,117,822 2,694,208
(220,845)
2,896,977 (251,115)
2,443,093
1,145,492
4,042,469 1,778,277
6,989,862
7,601,233 4,221,370
340,896 648,029
6. Other Financial Assets
Available-for-sale investments carried at fair value:
Investment in managed fund
7. Other Assets
Prepayments
Continues...
117th Annual Report 2012
31