Berry Street Web Docs Financial Report 2009 | Page 15

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
2009

2008

$

$

NOTE 4: CASH AND CASH EQUIVALENTS
Cash at bank
Cash on hand

971,001
32,000

1,106,335
26,900

1,003,001

1,133,235

NOTE 5: TRADE AND OTHER RECEIVABLES
CURRENT
Trade receivables
Other receivables
Provision for impairment of receivables

884,968
1,591,942
(131,760)

825,767
644,807
(117,082)

2,345,150

1,353,492

(a) Provision For Impairment of Receivables
Current trade and term receivables are non-interest bearing loans and generally on 30 day terms. A
provision for impairment is recognised when there is evidence that an individual trade or term receivable is
impaired. These amounts have been included in the doubtful debts expense item.
Movement in the provision for impairment of receivables is as follows:
Charge for
The Year

2008
Provision for impairment of receivables

Opening
Balance
01-Jul-07
$
106,979

Charge for
The Year

2009
Provision for impairment of receivables

Opening
Balance
01-Jul-08
$
117,082

13

$
10,103

$
36,275

Amounts
Written Off
$
-

Amounts
Written Off
$
(21,597)

Closing
Balance
30-Jun-08
$
117,082

Closing
Balance
30-Jun-09
$
131,760