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NotestotheConsolidatedFinancialStatements

(continued)

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

2015

30

for the period ended 31 December 2015

5.

Card and Loan Receivables (continued)

The RCS Group monitors the ageing of its card and loan receivables on a contractual basis. The ageing of net card and loan

receivables at the reporting date was as follows:

31 December 2015

31 March 2015

R’000

R’000

Not past due

5 002 089

4 525 127

Past due demand to one month

644 194

653 584

Past due one to two months

177 255

197 534

Past due two to three months

78 015

77 386

Past due more than three months

60 395

54 595

5 961 948

5 508 226

The movement in the allowance for impairment in respect of card and loan receivables during the period was as follows:

Balance at beginning of period

528 108

465 523

Allowance for impairment raised

427 163

506 265

Impairment loss recognised

(350 576)

(443 680)

Balance at end of period

604 695

528 108

As percentage of gross card and loan receivable book

9.21%

8.75%

Customers that are not past due and have a good track record with the RCS Group make up 76.23% of gross card and loan

receivables (31 March 2015: 74.33%).

Geographical concentration of customers

The RCS Group’s operating activities are situated in the South Africa, Namibia and Botswana. The geographical concentration

of gross card and loan receivables at the reporting date was as follows:

31 December 2015

31 March 2015

Botswana

1.18%

1.30%

Eastern Cape

5.58%

5.54%

Free State

4.22%

4.23%

Gauteng

35.08%

35.22%

KwaZulu-Natal

13.67%

13.48%

Limpopo

4.37%

4.37%

Mpumalanga

12.35%

12.01%

Namibia

1.12%

1.57%

North West

2.82%

2.74%

Northern Cape

2.49%

2.41%

Western Cape

17.12%

17.13%

100.00%

100.00%