| 2020 Rm |
Restated 2019 Rm |
||
|---|---|---|---|
| 19 | TRADE AND OTHER RECEIVABLES | ||
| Trade receivables | 6 596 | 6 709 | |
| Less: Expected credit losses (ECL)& | (1 027) | (798) | |
| Net Trade receivables | 5 569 | 5 911 | |
| Other financial assets | |||
| Finance lease receivables (note 15) | 127 | 142 | |
| Fair value of derivatives | 15 | 49 | |
| Unlisted debt instruments* | 427 | 411 | |
| Non-financial assets classified as other receivables | |||
| VAT receivables | 523 | 372 | |
| Prepayments | 331 | 297 | |
| Other receivables**^^ | 924 | 962 | |
| Total group | 7 916 | 8 144 | |
| Classified as held for sale (note 22) | (92) | ||
| Total per statement of financial position | 7 916 | 8 052 |
| & | This balance includes ECL of R4.3 million as maximum exposure of risk share agreements with Caterpillar Finance. | |
| * | The group remains invested in Dollar-linked Angolan Government bonds. On maturity the bonds will be settled in Kwanza. At September 2020, the group's investment in these bonds was $31.7 million (2019: $57 million) of which short term was $25.6 million (2019: $28 million). | |
| ** | This balance is net of expected credit losses of R15 million. | |
| ^^ | Other receivables mainly relate to refunds from OEMs regarding discount claims or shipment returns within Equipment operating segment of R251 million (2019: R489 million) as well warranty claims, insurance claims, rebates and license fee receivables. |
| Expected credit losses (ECL)^ | |||
| At 1 October | 798 | 770 | |
| Adjustment upon application of IFRS 9 | (17) | ||
| At 1 October under IFRS 9 | 798 | 753 | |
| Current year expected credit losses | 276 | 75 | |
| Transfer to credit-impaired | 3 | 2 | |
| Transfer from credit-impaired | (3) | (7) | |
| Write off*** | (65) | (42) | |
| Disposal of subsidiaries | (3) | (3) | |
| Translation differences | 21 | 20 | |
| At 30 September | 1 027 | 798 | |
| Classified as held for sale (note 22) | (4) | ||
| Total per statement of financial position | 1 027 | 794 |
| ^ | The group measures the loss allowance for trade receivables at an amount equal to the lifetime ECL. Refer to note 34 for further analysis of credit risk related to ECL. | |
| *** | The carrying amount of trade receivables that are credit impaired, written off, but still subject to enforcement activity is R0.1 million (2019 R4 million). |