FINANCIALS
Other revenue
4.8 %
REVENUE SOURCES
Government
Funding
43.4 %
Parent’s Fees
51.8 %
6. Trade and Other Receivables
2017 2016
$ $
Trade receivables 803,748 1,021,242
Allowance for doubtful debts (91,456) (171,554)
Accrued income 649,577 176,370
1,361,869 1,026,058
222,174 280,428
1,584,043 1,306,485
171,554 85,868
Increase to provision 47,724 85,686
Impairment recovery (127,822) -
91,456 171,554
Trade receivables
Other receivables
Other receivables
Reconciliation of allowance for doubtful debts
Balance 1 January
Balance 31 December
Parent fees are paid either in advance or weekly. The average credit period on rendering of services is 3 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 are generally not recoverable.
7. Other Assets
Prepayments
Finance lease asset
21
1,252,822 879,343
21,525 28,114
1,274,346 907,457
KU
20
17