62 TE PŪRONGO 2013
2013
2012
Gross Impairment
Net
Gross Impairment
Net
$’000
$’000 $’000
$’000
$’000 $’000
Group
Not past due
1,551
-
1,551
2,499
-
2,499
Past due 1-60 days
444
-
444
229
-
229
Past due 61-120 days
269
-
269
110
-
110
Past due > 120 days
912
-
912
443
(33)
410
Total
3,176
-
3,176
3,281
(33)
3,248
Parent
Not past due
1,517
-
1,517
2,309
-
2,309
Past due 1-60 days
444
-
444
163
-
163
Past due 61-120 days
186
-
186
23
-
23
Past due > 120 days
912
-
912
476
(33)
443
Total
3,059
-
3,059
2,971
(33)
2,938
All receivables greater than 30 days in age are considered to be past due.
The impairment provision has been calculated based on expected losses for Te Wānanga o Aotearoa and the pool of
receivables. Expected losses have been determined based on an analysis of losses for Te Wānanga o Aotearoa in previous
periods and a review of specific receivables.
Other impaired receivables have been determined to be impaired because of the significant financial difficulties being
experienced by the debtor.
Movements in the provision for impairment of receivables are as follows:
Group
Group Parent
Parent
2013
2012
2013 2012
$’000
$’000
$’000 $’000
At 1 January
33
20
33
20
Additional provisions made during the year
95
169
95
169
Receivables written off during the period
(128)
(156)
(128)
(156)
At 31 December
-
33
-
33
6.Tauira and other receivables (continued)
Impairment
The ageing profile of receivables at year end is detailed below:
Notes to the financial statements (continued)
