Notes to the Group financial statements | Note 16
for the year ended 31 December 2010 |
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December
2010
Rm |
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December
2009
Rm |
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| 16. |
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TRADE AND OTHER RECEIVABLES |
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Trade receivables |
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10 364 |
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10 990 |
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Less: Allowance for impairment of trade receivables |
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(1 571) |
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(1 549) |
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Net trade receivables |
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8 793 |
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9 441 |
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Prepayments and other receivables* |
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2 069 |
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3 888 |
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Sundry debtors and advances** |
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2 186 |
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2 921 |
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Other |
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186 |
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123 |
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13 234 |
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16 373 |
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An impairment loss of R224 million (December 2009: R283 million) was incurred in the current year, and this amount is included in other operating
expenses in profit or loss (refer to note 5).
MTN Uganda has secured facilities through the pledge of their trade and other receivables, please refer to note 20.
The Group’s exposure to credit and currency risk and impairment losses related to trade and other receivables are disclosed in note 47.
The carrying value of trade and other receivables approximates the fair value because of the short period to maturity.
* Prepayments and other receivables include prepayment for BTS and other property leases.
** Sundry debtors and advances include advances to suppliers and short-term loans. |
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