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Accounts Receivable Analysis

The company applies a payment rating assessment to each customer individually, which categorises customers into 13 payment categories. This assessment is integral to the calculation of doubtful debts. The 13 payment categories has been summarised into four main groupings of customers.

An analysis of the debtors book based on the payment ratings is set out below:

				Doubtful Debt
		Number of Customers		Provision %
Debtors Payment Analysis		Sept 2008	Sept 2007	Sept 2008	Sept 2007	Mar 2008
Satisfactory paid Customers fully up to date including those who have paid 70% or more of amounts due over the contract period	No	515 471	544 864
	%	72.5%	75.2%	0%	0%	0%
Slow payers Customers who have paid between 70% and 65% of amounts due over the contract period	No	52 899	47 920
	%	7.4%	6.6%	18%	17%	17%
Non-performing customers Customers who have paid between 65% and 55% of amounts due over the contract period	No	48 683	45 545
	%	6.9%	6.3%	42%	46%	42%
Non-performing customers Customers who have paid 55% or less of amounts due over the contract period	No	93 497	86 508
	%	13.2%	11.9%	85%	95%	86%
		710 550	724 837	15.5%	15.4%	13.5%