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2.1a. Cash and Cash Equivalents
Cash at Bank
Total: Cash and Cash Equivalents
Cash is recognised at its nominal amount. Cash and cash equivalents includes:
a.Cash on hand;
b. Demand deposits in bank accounts with an original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
2.1b. Loans and other Receivables
Administration fees receivable
Total loans and other receivables (gross)
Less impairment allowance
Total loans and other receivables (Net)
Loans and Receivables
Trade receivables, loans and other receivables that are held for the purpose of collecting the contractual cash flows where the cash flows are solely payments of principal and interest, that are not provided at below-market interest rates, are subsequently measured at amortised cost using the effective interest method adjusted for any loss allowance.
Reconciliation of the Impairment Allowance
Amounts written off
Decrease recognised in net surplus
Financial assets are assessed for impairment at the end of each reporting period.