FINANCIALS 2019
Other revenue
5.6 %
REVENUE SOURCES
Government
Funding
43.2 %
Parent’s Fees
51.2 %
6. Trade and Other Receivables
2019 2018
$ $
Trade receivables
Trade receivables 429,807 598,725
Allowance for expected credit losses (84,349) (87,957)
Accrued income 298,655 3,876
644,113 514,644
Other receivables
Other receivables 85,753 104,805
729,866 619,449
KU
20
19
Reconciliation of allowance for expected credit losses
Balance 1 January 2019 87,957 91,456
Increase to allowance for expected credit losses 103,334 19,707
Impairment recovery (106,942) (23,206)
Balance 31 December 2019 84,349 87,957
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 1,932,051 957,381
Finance lease asset-other - 35,877
1,932,051 993,258
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