14. Financial risk management (continued)
The carrying amount of financial and derivative assets represents the maximum credit exposure as follows:
As at
As at
June 30, 2020
March 31, 2020
(millions)
Cash
$
2
$
1
Trade and other receivables
111 139
155 136
Debt retirement funds
Fair value of derivative instrument assets
18
15
$
270
$
307
The exposure to credit risk for trade receivables by type of customer is as follows:
As at
As at
June 30,
March 31,
2020
2020
(millions)
Distribution customers
$
52 34
$
89 31
Transmission and storage customers
Gas Marketing customers
1
7
Other customers
24
28
Trade and other receivables
$
111
$
155
15. Restatement of financial results
At the end of 2019-20, losses on disposal of property, plant and equipment were reclassified from an accumulated depreciation deferral account to a loss account in the condensed consolidated statement of comprehensive income to more accurately reflect the nature of the balances.
As Previously Reported
Restated
Prior period adjustment
April 1,
April 1,
(millions)
2019 Adjustment
2019
Condensed Consolidated Statement of Financial Position
Property, plant and equipment
3,756 $
$
-
3,756 $
Accumulated depreciation
(1,232)
(19)
(1,251)
Carrying amounts
2,524 $
$
(19)
2,505 $
Retained earnings
(1,024) $
$
19
(1,005) $
2020-21 First Quarter Report
30
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