OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

Amounts in Rand

2025

2024

19. CREDIT QUALITY OF RECEIVABLES

Group 1

539,044

2,946,726

Group 2

11,728

21,256

Group 3

406,277

531,653

957,049

3,499,635

Group 1 – debtors outstanding for less than 90 days with no defaults

Group 2 – new debtors outstanding for more than 90 days with no defaults Group 3 – existing debtors outstanding for less than 90 days with some defaults

The total gross carrying amount of the impaired receivables as at reporting date is R957 049(2024: R3 499 635) and the associated total impairment is R81 058. None of these debtors have been handed over for collection. See note 4.

20. RISK MANAGEMENT FINANCIAL RISK MANAGEMENT The Ombud Council is exposed to a variety of financial risks as a consequence of its operations namely, credit risk and liquidity risk. Financial risk management is carried out under approved policies. LIQUIDITY RISK Prudent liquidity risk management implies maintaining sufficient liquid resources and the ability to settle debts as they become due. The entity will continue to manage liquidity risk through an ongoing review of future commitments. CASH FLOW AND FAIR VALUE INTEREST RATE RISK The Ombud Council does not have any interest bearing borrowings and therefore there is no adverse exposure relating to the interest rate movements in borrowings. The table below analyses the Ombud Council’s financial liabilities at reporting date.

Less than 1 year

Between 1 and 2 years

Between 2 and 5 years

Over 5 years

At 31 March 2025

Trade and other payables

2,701,839

-

-

-

Finance lease obligation

22,957

10,941

-

-

2,724,796

10,941

-

-

Less than 1 year

Between 1 and 2 years

Between 2 and 5 years

Over 5 years

At 31 March 2025

Trade and other payables

626,172

-

-

-

Finance lease obligation

14,694

24,145

-

-

640,866

24,145

-

-

90

OMBUD COUNCIL ANNUAL REPORT 2024/25