SASKENERGY 2017-18 ANNUAL REPORT
5. TRADE AND OTHER RECEIVABLES
(millions)
2018
2017
$
41 88 17
$
34 63 19
Unbilled revenue Trade receivables Other receivables
146 (5)
116 (5)
Allowance for doubtful accounts
$ 141 $ 111 The following reflects an aging summary of trade and other receivables. All trade and other receivables not classified as current at the end of the reporting period are considered past due. (millions) 2018 2017 Current $ $
129 8 3 6 146 (5)
98 7 5 6
30-59 days 60-89 days Greater than 90 days
116 (5)
Allowance for doubtful accounts
$ 141 $ 111 The following table provides information about the ECLs for trade and other receivables from individual customers as at March 31, 2018.
Gross Carrying Amount
Weighted Average Loss Rate
(millions)
Loss Allowance
$
2 1 1 1 5
Current 30-59 days 60-89 days Greater than 90 days
$
129 8 3 6 146
2% 13% 33% 17%
$
Allowance for doubtful accounts
$
The Corporation will record lifetime ECLs on the Distribution customer receivables based on a developed provision matrix. The ECLs for gas marketing accounts receivables and other customer receivables were deemed immaterial and therefore, no adjustments will be recognized upon year of adoption. They will continue to be monitored annually to ensure the circumstances have not changed. The change in the allowance for doubtful accounts with respect to trade and other receivables was as follows: (millions) 2018 2017 Closing balance under IAS 39 as at March 31, 2017 Adjustment on initial application of IFRS 9 $ 5 (1)
- -
$
4 3 (2)
Opening balance under IFRS 9 as at April 1, 2017 Provision Write-offs Closing balance under IFRS 9 as at March 31, 2018
$
6 1 (2)
$
5 $
5
60
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