REVENUE SOURCES
FINANCIAL REPORT
Other revenue
3.8 %
Parent fees
38.6 %
Government funding
57.6 %
6 . Trade and Other Receivables
Trade receivables
2022 2021 $ $
Trade receivables 1,754,654 439,336 Allowance for expected credit losses ( 41,566 ) ( 61,251 ) Accrued income 158,621 ( 10,000 )
Other receivables
1,871,709 368,084
Other receivables 28,926 96,410
Reconciliation of allowance for expected credit losses
1,900,636 464,495
Balance 1 January 61,251 92,414 ( Decrease )/ Increase to allowance for expected credit losses ( 19,685 ) 9,995 Impairment recovery - ( 41,158 ) Balance 31 December 41,566 61,251
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
2022 2021 $ $
Prepayments 951,348 1,425,022 951,348 1,425,022
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