FINANCIALS 2018
Other revenue
4.5 %
REVENUE SOURCES
Government
Funding
43.8 %
Parent’s Fees
51.7 %
6. Trade and Other Receivables
2018 2017
$ $
Trade receivables 598,725 803,748
Allowance for expected credit losses (87,957) (91,456)
3,876 649,577
514,644 1,361,869
Trade receivables
Accrued income
Other receivables
Other receivables
104,805 222,174
619,449 1,584,043
Balance 1 January 2018 91,456 171,554
Increase to allowance for expected credit losses 19,707 47,724
(23,206) (127,822)
87,957 91,456
Reconciliation of allowance for expected credit losses
Impairment recovery
Balance 31 December 2018
No interest is charged on the trade receivables. The expected credit losses for other receivables is NIL as it relates
mainly to interest receivable from banking institutions with low default rates.
7. Other Assets
Prepayments
Finance lease asset
21
957,381 1,252,821
35,877 21,525
993,258 1,274,346
KU
20
18