Annual Report 2018-19

                                                                                                        Financial Statements 2019



Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2019

Note 30. Financial Instruments (continued)
                                                                                               2019               2018
                                                                                   Notes       $'000              $'000
At 30 June 2019, the exposure to credit risk for trade receivables by type of counterparty was as follows:

Property Charges                                                                              4,582              4,500
Fees and Charges                                                                              1,294              1,325
GST Recoverable                                                                                 632              1,043
Community Organisations                                                                         625                  -
Associates                                                                                   49,218             49,218
Other                                                                                            32                  2
Total                                                                                       56,383             56,088
                                                                                                   -                   -
                                                                                2019           2019                2018
                                                                           Not credit-        Credit-
                                                                            impaired        impaired
                                                                               $'000           $'000              $'000

A summary of the Council's exposure to credit risk for trade receivables is as
Not Past Due                                                                      1,282            -             1,668
Past Due 31-60 Days                                                                 133            -               166
Past Due 61-90 Days                                                                  57            -                60
More than 90 Days                                                                 5,072            -             4,978
Loans to Community Organisations                                                    625            -                 -
Loans and Advances to Associates                                                 49,218            -            49,218
Loss Allowance                                                                       (4)           -                (2)
Total                                                                        56,383                -           56,088
                                                                                      -                                -

Expected credit loss assessment as at 1 July 2018 and 30 June 2019
The Council uses an allowance matrix to measure the expected credit losses of trade receivables from individual
customers, which comprise a very large number of small balances.
Loss rates are calculated using a 'roll rate' method based on the probability of a receivable progressing through
successive stages of delinquency to write-off.
The following table provides information about the exposure to credit risk and expected losses for trade receivables
from individual customers as at 30 June 2019:

                                                                2019            2019            2019
                                                            Weighted-          Gross
                                                          average loss       carrying           Loss             Credit-
                                                                   rate       amount       allowance           impaired
                                                                    %          $'000           $'000              (Y/N)

Not Past Due                                                    0.15%             1,282            2                   N
Past Due 31-60 Days                                             0.64%               133            1                   N
Past Due 61-90 Days                                             1.61%                57            1                   Y
More than 90 Days                                               0.00%             5,072            -                   Y
Loans to Community Organisations                                0.00%               625            -                   N
Loans and Advances to Associates                                0.00%            49,218            -                   N
Total                                                                        56,387                4




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