Page 225 - CJ 2019 INTEGRATED REPORT

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18 (i)
NOTES TO THE FINANCIAL
STATEMENTS 31 DECEMBER 2019 (CONTINUED)
FINANCIAL
ASSETS HELD AT AMORTISED COST (CONTINUED)
Loans receivable arising on on life assurance business (Continued)
The ageing analysis of the the loans arising on on the the life assurance business which are considered overdue and not impaired were as follows:
2019 Rs’000
4 192
5 439
17 426
27 057
The The amount amount of impaired impaired loans loans amount amount to Rs Rs 18 18 134 510 (2018 – Rs Rs 19 410 390) The The other classes within loans loans and receivables do not contain impaired impaired assets Included in in the loans loans are Rs Rs 444 501 (2018 – Rs Rs 1 1 1 553 376) in in respect of loans loans made to to directors and key management personnel Other loans The loan to the parent Fakhary Ltd is unsecured and bears interest at 6 6 5% 5% (2018 – 6 6 5%) All the the other loans bear interest between 5 5 5 5 5 5 35% 35% and 6 6 5% 5% 5% 5% (2018 – 5 5 5 5 5 5 35% 35% to 6 6 5%) There are no no overdue or or non-performing loans At 31 December
2019 the the carrying values of all loans receivable approximate their fair value value The directors assess the credit credit quality quality of each receivable at at at a a a a a a a a a a a a a subsidiary level and ensure ensure that appropriate procedures made to to ensure credit credit quality Trade receivables At 31 December
2019 trade receivables receivables include provision of impairment on on receivables receivables amounting to Rs Rs 146 499 126 (2018 – Rs 125 502 107):
Between 6 months to 1 year Between 1 to 2 years More than 2 years Total overdue but not impaired originated loans 2018 Rs’000
5 112 3
3
863 8 727 17 702
Trade receivables – net Provision for impairment Gross amount receivable Neither past due nor impaired Past due but not impaired Past due and impaired Total past due Gross amount receivable 2018 Rs’000
278 641 125 502 404 143 200 948
77 693 125 502 203 195 404 143 INTEGRATED REPORT 2019 (ii)
(iii)
2019 Rs’000
303 214
146 499 449 713
222
542
80 672
146 499 227 171
449 713