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14.1 |
Credit risk |
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Credit exposure and concentrations of credit risk
The carrying amount of financial assets represents the maximum credit exposure at the reporting date and the following table indicates various concentrations of credit risk for all non-derivative financial assets held: |
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2011 |
2010 |
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R'000 |
R'000 |
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Other receivables local |
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17 481 |
2 883 |
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Aged as follows: |
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2011 |
2010 |
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Receivables
not
impaired
R000 |
Receivables
impaired
R000 |
Impairment
amount
R000 |
Carrying
value
R000 |
Receivables
not
impaired
R000 |
Receivables
impaired
R000 |
Impairment
amount
R000 |
Carrying
value
R000 |
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Not past due, not impaired |
17 481 |
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17 481 |
2 883 |
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2 883 |
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Security held over non-derivative financial assets
Other receivables are unsecured and overdue amounts are individually assessed and if it is evident that an amount will not be recovered, it is impaired and legal action is instituted to recover the amounts. |