Financial Statements 2017
Toowoomba Regional Council
Notes to the Financial Statements
for the year ended 30 June 2017
Note 11. Trade and Other Receivables
2017
$'000 2016
$'000
10,073
2,490 9,040
2,554
972
9,752
23,287 864
11,463
23,921
Current
Rateable Revenue and Utility Charges
Other Debtors
Accrued Revenues
- Interest on Investments
Fees and Charges
Total
less: Provision for Impairment
Other Debtors
Total Provision for Impairment - Receivables
TOTAL CURRENT TRADE AND OTHER RECEIVABLES
(150)
(150)
(191)
(191)
23,137 23,730
22,231 20,874
Ageing of past due receivables and the amount of any impairment is as follows:
Not past due
Past due:
- 31 to 60 days overdue
- 61 to 90 days overdue
- Over 90 days overdue
Less: Impaired
Total
542
45
469
(150)
1,588
1,166
293
(191)
23,137
23,730
Interest is charged on outstanding rates at a rate of 10% per annum, calculated and charged half-yearly.
No interest is charged on other debtors. There is no concentration of credit risk for rates and utility charges,
fees and other debtors receivable.
The fair value of trade and other receivables and payables is assumed to approximate the value of the original
transaction, less any allowance for impairment.
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TOOWOOMBA REGIONAL COUNCIL I Annual Report 2016 - 2017