Adcock Ingram Integrated Report 2018

ANNUAL FINANCIAL STATEMENTS Notes to the Group annual financial statements continued 90 ADCOCK INGRAM  Integrated Report 2018 16 TRADE AND OTHER RECEIVABLES (continued) Movements in the provisions for impairment and credit notes were as follows: Individually impaired Credit notes Total R'000 R'000 R'000 Balance at 1 July 2016 (11 067) (35 271) (46 338) Charge for the year (17 203) (9 180) (26 383) Utilised during the year – 4 404 4 404 Acquisition of business (100) – (100) At 30 June 2017 (28 370) (40 047) (68 417) Charge for the year (8 276) (4 504) (12 780) Utilised during the year – 1 233 1 233 Exchange rate adjustments (472) – (472) Acquisition of business (3 025) – (3 025) Unused amounts reversed – 5 002 5 002 At 30 June 2018 (40 143) (38 316) (78 459) No provisions for individually impaired receivables were utilised in both the current and prior years. Trade debtors are impaired when the event of recoverability is highly unlikely, or there is an expected decrease in future inflows. 2018 2017 The maturity analysis of trade and other receivables is as follows: R‘000 R‘000 Trade Receivables Neither past due nor impaired <30 days 862 221 704 867 31 - 60 days 471 922 485 693 61 - 90 days 54 394 153 037 Past due after impairments 91-180 days 52 268 72 819 >180 days 33 501 10 336 Total 1 474 306 1 426 752 Sundry Receivables Neither past due nor impaired <30 days 26 402 33 285 31 - 60 days 5 250 7 541 61 - 90 days 6 745 613 >90 days 22 666 17 841 Total 61 063 59 280 Details in respect of the Group’s credit risk management policies are set out in Annexure E. The directors consider that the carrying amount of the trade and other receivables approximates their fair value due to the short period to maturity.