Qantas 2010 Annual Report Download - page 67
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65 ANNUAL REPORT 2010
for the year ended 30 June 2010
Notes to the Financial Statements continued
Qantas Group
2010
$M
2009
$M
CURRENT
Trade debtors
Associates and jointly controlled entities 33 41
Other parties 790 810
Less: provision for impairment losses 627
817 824
Other loans
Aircraft security deposits 524
Sundry debtors 266 206
Total current receivables 1,088 1,054
NON-CURRENT
Other loans from jointly controlled entities – interest-bearing 128 128
Aircraft security deposits 818
Sundry debtors 271 376
Total non-current receivables 407 522
The ageing of trade debtors, net of provision for impairment losses, at 30 June was:
Not past due 702 677
Past due 1-30 days 38 60
Past due 31-120 days 28 36
Past due 121 days or more 49 51
Total trade debtors 817 824
There are no signi cant other receivables that have been recognised that would otherwise, without renegotiation, have been past due or impaired.
The movement in the provision for impairment losses in respect of trade debtors was as follows:
Balance as at 1 July 27 4
Impairment loss recognised 424
Bad debts written off (5) (1)
Reversal of provision (20) –
Provision for impairment losses as at 30 June 627
Current aircraft security deposits are provided as security to providers of aircraft nance.
Sundry debtors of the Qantas Group includes $361 million (2009: $442 million) representing the present value of liquidated damages resulting from
the delay in delivery of aircraft.
12. Inventories
Engineering expendables 270 195
Consumable stores 42 46
Work in progress 79
Total inventories 319 250
11. Receivables