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Forest NSW Annual Report 2012

Notes to and forming part of the financial statements For the year ended 30 June 2012 Note 9: Trade and Other Receivables Details regarding credit risk, liquidity risk and market risk are disclosed in Note 3 and 23. Economic Economic Statutory Statutory Entity Entity Corporation Corporation   2012 2011 2012 2011 $'000 $'000 $'000 $'000 Trade Receivables 49 323 45 804 49 323 45 804 Less: Allowance for impairment (1965) (2469) (1965) (2469)   47 358 43 335 47 358 43 335 Other Debtors 2421 2958 2421 2958 Prepayments 1820 1953 1820 1953 Total Receivables 51 599 48 246 51 599 48 246 During the year bad debts amounting to $971 591 (2011: $1 952 448) were written off. Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011 $'000 $'000 $'000 $'000 Allowance for impairment         Carrying amount at the beginning of the year (2469) (1504) (2469) (1504) Additional provisions made in the year 972 (965) 972 (965) Amounts used during the year 58 - 58 - Unused amounts reversed during the year (526) - (526) - Carrying amount at the end of the year (1965) (2469) (1965) (2469) At 30 June, the ageing analysis of trade receivables is as follows  Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011 $'000 $'000 $'000 $'000 0-30 Days 28 299 30 497 28 299 30 497 0-30 Days (Considered Impaired) 209 22 209 22 31-60 Days (Past due but not impaired) 18 330 11 243 18 330 11 243 31-60 Days (Considered impaired) - 716 - 716 61-90 Days (Past due but not impaired) 271 851 271 851 61-90 Days (Considered impaired) 7 152 7 152 > 90 Days (Past due but not impaired) 459 744 459 744 > 90 Days (Considered impaired) 1748 1579 1748 1579 Total 49 323 45 804 49 323 45 804 Note 10: Inventories The basis for valuation of inventories is set out in Note 2(g) Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011   $'000 $'000 $'000 $'000 Materials and Parts - at cost - 1955 - 1955 Work in progress and finished goods 3755 1076 3755 1076 Seedlings carried at fair value less costs to sell - - - - Total Inventories 3755 3031 3755 3031 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance 69


Forest NSW Annual Report 2012
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