232 / 280
230
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
2014
R’000
2013
R’000
2.
FINANCIAL RISKS (continued)
Loans to subsidiaries and joint venture
Group 1
—
—
Group 2
32 619
38 421
Group 3
—
—
32 619
38 421
Loans receivable
Group 1
—
—
Group 2
63 035
—
Group 3
—
—
63 035
—
Trade receivables
Counterparties without external credit rating
Group 1
—
—
Group 2
—
6 443
Group 3
—
—
Total unimpaired trade receivables
—
6 443
The rating groups for counterparties without external credit ratings are categorised as follows:
Group 1 – New customers/related parties (less than six months).
Group 2 – Existing customers/related parties (more than six months) with no defaults in the past.
Group 3 – Existing customers/related parties (more than six months) with some defaults in the past. All
defaults were fully recovered.
Cash at bank and short-term bank deposits
Credit rating based on latest Fitch local currency long-term issuer default ratings.
2014
R’000
2013
R’000
BBB
—
305
BBB-
1 418
805
1 418
1 110