KU2020
6 . Trade and Other Receivables
Trade receivables
2020 2019 $ $
Trade receivables 278,074 429,807 Allowance for expected credit losses ( 92,414 ) ( 84,349 ) Accrued income - 298,655
Other receivables
185,660 644,113
Other receivables 268,555 85,753
Reconciliation of allowance for expected credit losses
454,215 729,866
Balance 1 January 84,349 87,957 Increase to allowance for expected credit losses 92,016 103,334 Impairment recovery ( 83,951 ) ( 106,942 ) Balance 31 December 92,414 84,349
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
2020 2019 $ $
Prepayments 1,883,161 1,932,051 1,883,161 1,932,051
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