Bad Debts Expense HY2017 (Period Ending 31/12/2016)
Quote:
Originally Posted by
Snoopy
Under Note 4 of HY2016 the 'impaired asset expense' has increased to $5.610m (HY2016, ended 31st December 2015) up from from $5.102m in the corresponding prior period (HY2015). Bad debts for the full year to 30th June 2015 (FY2015) added to $12.105m. By simple subtraction the bad debt expense for the period 1st January 2015 to 30th June 2015 ( 2HY2015 ) was $12.105m - $5.102m = $7.003m.
This means that what we are seeing is 20% fall in bad debts declared over the six months to December 2015, compared to the immediately preceeding 6 month period.
Under Note 4 of HY2017 the 'impaired asset expense' has increased to $6.892m (HY2017, ended 31st December 2016) up from from $5.610m in the corresponding prior period (HY2016). Bad debts for the full year to 30th June 2016 (FY2016) added to $13.501m. By simple subtraction the bad debt expense for the period 1st January 2016 to 30th June 2016 ( 2HY2016 ) was
$13.501m - $6.892m = $6.609m.
This means that what we are seeing is a 4.3% rise in bad debts expense declared over the six months to December 2016, compared to the immediately preceeding 6 month period.
SNOOPY