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92
JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Notes to the Annual Financial Statements
- Continued
Annual Financial Statements for the 15 months ended 30 September 2011
12. Trade and sundry receivables
Group
Company
2011
2010
2011
2010
Trade receivables
1 869 621
535 859
206 795
-
Prepayments
558 627
-
458 627
-
Deposits
55 058
30 950
12 973
-
VAT
346 898
-
2 275
-
2 830 204 566 809
680 670
-
Credit quality of trade and other receivables
The group has a wide customer base. No credit rating has been obtained from the bank.
Trade receivables
Age analysis of trade receivables
Group
Company
2011
2010
2011
2010
Current
980 861
136 481
206 795
-
30 days
292 854
62 482
-
-
60 days
182 355
20 468
-
-
90 days
89 564
51 701
-
-
Over 90 days
441 735
487 397
-
-
1 987 369 758 529
206 795
-
It is the policy of the group to allow varying credit terms up to 24 months. No interest is charged on trade receivables.
Fair value of trade and other receivables
There is no material difference between the fair value of trade and other receivables and their book value.