160 / 198
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
158
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
continued
2016
R’000
2015
R’000
2.
Financial risks
continued
Loans to subsidiaries and joint venture
Group 1
—
—
Group 2
161 536
976
Group 3
—
—
161 536
976
Loans receivable
Group 1
—
—
Group 2
115 678
80 672
Group 3
—
—
115 678
80 672
Trade receivables
Counterparties without external credit rating
Group 1
—
—
Group 2
5 329
3 592
Group 3
—
—
Total unimpaired trade receivables
5 329
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 S&P Global local currency long-term issuer default ratings.
2016
R’000
2015
R’000
BBB-
1 303
2 283
1 303
2 283