| Figures in Rand thousand |
2020 |
|
2019 |
|
| Financial assets at fair value through profit or loss |
– |
|
28 332 |
|
| Other financial assets |
– |
|
28 332 |
|
| Debt instruments at amortised cost |
197 990 |
|
59 996 |
|
| Equity-accounted investment receivables (note 39) |
57 772 |
|
42 413 |
|
| Enterprise development loan receivables |
25 490 |
|
4 520 |
|
| Restricted cash |
87 020 |
|
– |
|
| Other loans and receivables* |
525 229 |
|
531 219 |
|
| Receivables from disposal of subsidiaries and equity-accounted investments |
82 052 |
|
– |
|
| Allowance for expected credit losses* |
(579 573) |
|
(518 156) |
|
|
|
|
|
|
| Total financial assets |
197 990 |
|
88 328 |
|
| Non-current other financial assets |
60 881 |
|
11 610 |
|
| Current other financial assets |
137 109 |
|
76 718 |
|
|
197 990 |
|
88 328 |
|
| * |
Debt instruments at amortised cost is now shown on a gross basis for the prior year. |
Expected credit losses
A total allowance for expected credit losses of R579 million (2019: R518 million) has been raised against debt instruments carried at amortised cost.
An impairment allowance of R414 million was raised in the prior year for amounts receivable from the sale of the Grid Control Technologies Group. The allowance was raised based on the general approach and considers their current probability of default and collateral provided as security for the loan. The directors are actively engaged in the recovery of the receivables.
The balance of the impairment allowance is related to the other debt instruments. The allowances raised are based on the general approach, considering the probability of default and collateral (if any).
Refer to note 41 for the disclosure on the expected credit losses.
Reconciliation of movements of debt instruments measured at amortised cost
| Figures in Rand thousand |
2020 |
|
2019 |
|
| Opening balance |
67 285 |
|
565 944 |
|
| Net cash paid/(received) |
7 890 |
|
(574 069) |
|
| Disposal of business |
– |
|
523 547 |
|
| Increase in restricted cash |
87 020 |
|
– |
|
| Receivables from disposal of subsidiaries and equity-accounted investments |
82 052 |
|
– |
|
| Net impairment losses on other financial assets (note 25) |
(68 973) |
|
(433 455) |
|
| Other movements |
41 587 |
|
(14 682) |
|
|
216 861 |
|
67 285 |
|
| Assets held for sale (note 14) |
(18 871) |
|
(7 289) |
|
| Closing balance |
197 990 |
|
59 996 |
|
|