Annual Report 2011 - Watercare
Annual Report 2011 - Watercare
Annual Report 2011 - Watercare
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<strong>Watercare</strong> Services Limited<br />
<strong>2011</strong> ANNUAL REPORT<br />
Notes to the financial statements (continued)<br />
for the year ended 30 June <strong>2011</strong><br />
15. Inventories<br />
group and Company Company<br />
<strong>2011</strong> 2010<br />
$000 $000<br />
Spare parts at cost 4,530 5,649<br />
Consumables at cost 2,011 1,392<br />
Treated water at cost 710 214<br />
Work in progress 838 -<br />
Project stock 1,045 -<br />
Provision for obsolescence (2,002) (1,751)<br />
Total inventory 7,132 5,504<br />
Represented as:<br />
Current inventory 4,092 2,267<br />
Non-current inventory 3,040 3,237<br />
Total inventory 7,132 5,504<br />
16. Trade and Other Receivables<br />
Current<br />
group and Company Company<br />
<strong>2011</strong> 2010<br />
$000 $000<br />
Trade receivables – related parties 2,985 16,223<br />
Trade receivables – other 38,124 2,824<br />
Provision for doubtful debts (3,128) -<br />
37,981 19,047<br />
Other receivables 1,380 -<br />
Unbilled revenue accrual 40,147 -<br />
Total trade and other receivables 79,508 19,047<br />
17. Trade and Other Payables<br />
group and Company Company<br />
<strong>2011</strong> 2010<br />
$000 $000<br />
Current<br />
Contract retentions 11,045 4,591<br />
Trade creditors – other 3,794 3,162<br />
Trade creditors – related parties 1,201 546<br />
Other payables 117 -<br />
Total trade and other payables 16,157 8,299<br />
PAGE 93<br />
<strong>2011</strong> Financial <strong>Report</strong><br />
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