Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2010

« Note 12

Note 14 »

13.	debtors and short-term loans
			the  company		consolidated
		2010  R million	2009  R million	2010  R million	2009  R million
	Trade debtors (gross)	–	6	1 488	1 241
	Less: Provision for impairments	–	–	(44)	(45)
	Trade debtors (net)	–	6	1 444	1 196
	Dividends receivable	–	–	327	389
	Advance payments and other	–	–	170	214
	Loans – Subsidiary companies	4 835	12 793	–	–
		4 835	12 799	1 941	1 799

Debtors with a carrying value of R43 million (2009: 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:
		2010  R million	2009  R million
	Balances at 1 April	45	44
	Provision for impairments on debtors	8	13
	Debtors written off as uncollectable during the year	(3)	(9)
	Unused amounts written back	(6)	(1)
	Other	–	(2)
	Balances at 31 March	44	45

During the year, bad debts amounting to R3 million (2009: 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 32.