Berry Street Web Docs Financial Report 2010 | Page 20

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010

2010

2009

$

$

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

2,996,956
33,500

971,001
32,000

3,030,456

1,003,001

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

975,702
(146,054)

Other receivables
Total current trade and other receivables

884,968
(131,760)

829,648
599,543

753,208
1,591,942

1,429,191

2,345,150

(a) Provision For Impairment of Receivables
Current trade and term receivables are generally on 30 day terms. These receivables are assessed for
recoverability and a provision for impairment is recognised when there is objective evidence that an
individual trade receivable is impa