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MAURITIUS PORTS AUTHORITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2017
11. INVENTORIES
30 June 2017 31 December 2015
Rs’000 Rs’000
Oil, lubricants and spare parts 35,637 35,440
Office supplies 1,438 1,139
Operating supplies 646 1,169
Uniforms 345 417
Goods in transit - 757
38,066 38,922
Provision for damaged and obsolete items (8,169) (4,114)
29,897 34,808
The cost of inventories recognised as expense during the period under review amounted to Rs 110.6 M (2015:
R s 63.6 million) and are included in running and repairs of equipment expenses.
The Authority has recognised an additional provision of Rs 4.1 million (2015: Rs Nil) during the period and the
amount has been included in sundry operating expenses in the statement of comprehensive income.
12. TRADE AND OTHER RECEIVABLES
30 June 2017 31 December 2015
Rs’000 Rs’000
Trade receivables 80,721 63,787
Amount owed by related party:
Cargo Handling Corporation Ltd (Note 33) 12,052 12,735
Receivable from lessees of the Authority 61, 021 31,778
153,794 108,300
Allowance for credit losses (Note (d)) (11,175) (17,702)
142,619 90,598
Accrued interest 11,962 215,221
Accrued revenue 53,812
Advances to employees 22,940 59,409
Prepayments 13,511 30,252
Other receivables 257
6,012
1,300
245,101 402,792
(a) The net carrying amount of trade and other receivables is considered a reasonable approximation the fair values.
(b) All of the Authority’s trade and other receivables have been reviewed for indicators of impairment. Certain
receivables were found to be impaired and allowance for credit losses of Rs 750,000 (2015: Rs 8.4 million) has been
recorded accordingly within sundry operating expenses.
(c) As of 30 June 2017, trade receivables of Rs 28.4 million (2015: Rs 27.4 million) were past due but not impaired.
These relate to a number of independent customers for whom there is no recent history of default. The ageing
analysis of these trade receivables is as follows:
30 June 2017 31 December 2015
Rs’000 Rs’000
Over 3 months 28,413 27,354
MAURITIUS PORTS AUTHORITY | ANNUAL REPORT 2016-17 89
