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2015

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

29

31 December 2015

31 March 2015

R’000

R’000

4.

Cash and Cash Equivalents

Bank balances

551 915

446 786

Cash on hand

3

1

551 918

446 787

5.

Card and Loan Receivables

Demand to one month

593 487

505 062

One to three months

988 647

879 874

Three months to one year

2 787 832

2 437 701

More than one year

2 196 677

2 213 697

Gross card and loan receivables

6 566 643

6 036 334

Less: allowance for impaired card and loan receivables

(604 695)

(528 108)

Net card and loan receivables

5 961 948

5 508 226

Analysis of card and loan receivables by type

Card and private label receivables

5 066 143

4 544 436

Personal loans receivables

895 805

963 790

5 961 948

5 508 226

General card and private label receivables consist of a number of individual unsecured revolving card accounts as well as

amounts due for services delivered on credit. The accounts attract variable and fixed interest rates and terms vary from

revolving to 36 months. The average effective interest rate for the period under review is 21.24% (31 March 2015: 20.86%).

Personal loan receivables are comprised of a number of individual unsecured loans. The personal loans are charged at fixed

interest rates and terms vary from 12 to 60 months. The interest rate on each loan is determined when the loan is initially

advanced on the basis of the risk profile of the customer. The average effective interest rate for the period under review is

28.52% (31 March 2015: 29.07%).

The RCS Group’s management of, and exposure to, market and credit risk is disclosed in note 30.

NotestotheConsolidatedFinancialStatements

(continued)

for the period ended 31 December 2015