CTFA Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 5. Other financial assets Debt instruments at amortised cost Total Year ended 31 December 2020 Trade and other receivables excluding non-financial assets (Note 6) 158,957 158,957 Cash and cash equivalents (Note 7) 11,094,529 11,094,529 11,253,486 11,253,486 Year ended 31 December 2019 Trade and other receivables excluding non-financial assets (Note 6) 158,729 158,729 Cash and cash equivalents (Note 7) 9,750,153 9,750,153 9,908,882 9,908,882 FIGURES IN R 2020 2019 6. Trade and other receivables 6.1 Accounting policies Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the entity will not be able to collect all amounts due according to the original terms of the receivables. Trade and other receivables are classified as debt instruments and loan commitments at amortised cost. 6.2 Trade and other receivables comprise Trade receivables 38,465 16,792 Trade receivables impairment (33,000) (11,555) Trade receivables - net 5,465 5,237 Prepaid expenses 22,722 7,953 Deposits 153,492 153,492 Value added tax 48,189 40,102 Total receivables 229,868 206,784 6.3 Items included in trade and other receivables not classified as financial instruments Prepaid expenses 22,722 7,953 Value added tax 48,189 40,102 Total non-financial instruments included in trade and other receivables 70,911 48,055 Total trade and other receivables excluding non-financial assets included in trade and other receivables 158,957 158,729 Total trade and other receivables 229,868 206,784 ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 14