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NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
200
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
2014
R’000
2.
FINANCIAL RISKS continued
Loans to subsidiaries and joint venture
Group 1
—
—
Group 2
976
32 619
Group 3
—
—
976
32 619
Loans receivable
Group 1
—
—
Group 2
80 672
63 035
Group 3
—
—
80 672
63 035
Trade receivables
Counterparties without external credit rating
Group 1
—
—
Group 2
3 592
—
Group 3
—
—
Total unimpaired trade receivables
3 592
—
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
BBB
2 088
—
BBB-
195
1 418
2 283
1 418
2015
R’000
2015
R’000