109 / 170
2016
R’000
2015
R’000
32.
FINANCIAL INSTRUMENTS
(continued)
32.2 Credit risk
(continued)
32.2.1 Trade receivables
(continued)
Movement in impairment allowance in respect of trade receivables
Balance at July 1
377 288
277 614
Allowances raised during the year
256 832
251 032
Foodservice
Australasia
33 650
35 437
United Kingdom
18 070
25 186
Europe
147 440
144 501
Emerging Markets
57 672
45 908
Bad debts written off during the year
(150 467)
(134 868)
Foodservice
Australasia
(28 750)
(22 788)
United Kingdom
(19 236)
(29 480)
Europe
(80 616)
(60 742)
Emerging Markets
(21 865)
(21 858)
Acquisition of businesses
2 243
58 810
Foodservice
United Kingdom
2 243
–
Europe
–
58 810
Transfer as a result of unbundling
Foodservice
Emerging Markets
39 698
–
On disposal of business
(403)
–
Foodservice
Emerging Markets
(383)
–
Bidvest Services
(20)
–
Allowances reversed during the year
(47 835)
(70 171)
Foodservice
Australasia
–
(1 226)
United Kingdom
(3 846)
(26 214)
Europe
(3 462)
(42 731)
Emerging Markets
(40 527)
–
Exchange rate adjustments
71 175
(5 129)
Balance at June 30
548 531
377 288
Bidcorp Limited Annual integrated report 2016 |
Page 105
Financial overview