- Statement of responsibility by board of directors
- Statement by the company secretary
- Audit and Risk Committee Report
- Report of the independent auditor
- Report of the board of directors
- Accounting policies
- Balance sheets
- Income statements
- Statements of changes in equity
- Cash flow statements
- Notes to the annual financial statements
- Annexure A – Principal subsidiary companies
- Annexure B – Principal investments
- Annexure C – Significant associated companies
- Annexure D – Information on business and geographical segments
Notes to the annual financial statements
FOR THE YEAR ENDED 31 MARCH 2009
| « Note 11 | Note 13 » |
| 12. | debtors and short-term loans | ||||
| The Company | Consolidated | ||||
| 2009 | 2008 | 2009 | 2008 | ||
| R million | R million | R million | R million | ||
| Trade debtors (gross) | 6 | 3 | 1 241 | 1 184 | |
| Less: Provision for impairments | – | – | (45) | (44) | |
| Trade debtors (net) | 6 | 3 | 1 196 | 1 140 | |
| Dividends receivable | – | – | 389 | – | |
| Advance payments and other | – | – | 214 | 152 | |
| Loans – Subsidiary companies | 12 793 | 2 310 | – | – | |
| 12 799 | 2 313 | 1 799 | 1 292 | ||
| Debtors with a carrying value of R42 million (2008: R32 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: |
|||||
| 2009 | 2008 | ||
| R million | R million | ||
| Balances at 1 April | 44 | 49 | |
| Provision for impairments on debtors | 13 | 8 | |
| Debtors written off as uncollectable during the year | (9) | (3) | |
| Unused amounts written back | (1) | (11) | |
| Other | (2) | 1 | |
| Balances at 31 March | 45 | 44 | |
| During the year, bad debts amounting to R21 million (2008: R11 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. | |||