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2020-11-16 GC Agenda - Item 6 - Attachment 1 - Noosa Council Annual Report 2019-20
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Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2020
Note 30. Financial Instruments and Financial Risk Management (continued)
Write offs throughout the year and end of period expected credit losses for receivables
All amounts that were written off during the reporting period and are no longer subject to enforcement activity.
2020 2020 2020 2020
Historical Lifetime
Closing Loss given
probability of expected credit
balance default
default loss
Ageing $'000 % % $'000
Rates and Charges 5,006 0.00% 100.00% -
Statutory Charges and Other Debtors
Current 1,030 0.05% 100.00% 1
1-30 days 48 0.01% 100.00% 0
31-60 days 43 0.88% 100.00% 0
61-90 days (796) -0.48% 100.00% 4
90+ days - 0.00% 100.00% -
Total 5,331 5
2019 2019 2019 2019
Historical Lifetime
Closing Loss given
probability of expected credit
balance default
default loss
Ageing $'000 % % $'000
Rates and Charges 4,427 0.00% 100.00% -
Statutory Charges and Other Debtors
Current 1,176 0.16% 100.00% 2
1-30 days 133 0.64% 100.00% 1
31-60 days 57 1.61% 100.00% 1
61-90 days 645 0.00% 100.00% -
90+ days - 0.00% 100.00% -
Total 6,438 4
Refer to Note 10 for the movement in the allowance for impairment for receivables during the year.
page 51
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