Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2008


12.	DEBTORS AND SHORT-TERM LOANS
		THE COMPANY		CONSOLIDATED
		2008	2007	2008	2007
		R million	R million	R million	R million
	Trade debtors (gross)	3	6	1 184	919
	Less: Provision for impairments	–	–	(44)	(49)
	Trade debtors (net)	3	6	1 140	870
	Dividends receivable	–	–	–	168
	Advance payments and other	–	–	245	176
	Loans – Subsidiary companies	2 310	2 366	–	–
		2 313	2 372	1 385	1 214

Debtors with a carrying value of R32 million (2007: R42 million) provided collateral to the Group. Loans to subsidiary companies are unsecured, carry no interest and are repayable on request.

Movements on the provision for impairments of trade debtors are as follows:

	2008	2007
	R million	R million
Balances at 1 April	49	38
Provision for impairments on debtors	8	19
Debtors written off as uncollectable during the year	(3)	(3)
Unused amounts written back	(11)	(7)
Other	1	2
Balances at 31 March	44	49

During the year, bad debts amounting to R11 million (2007: R9 million) were written off. The other classes of assets in debtors and short-term loans have no assets where impairments were made. For further information refer to note 31.

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