INTERNET GOLD GOLDEN LINES LTD | CIK:0001090159 | 3

  • Filed: 5/15/2018
  • Entity registrant name: INTERNET GOLD GOLDEN LINES LTD (CIK: 0001090159)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1090159/000121390018006378/0001213900-18-006378-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1090159/000121390018006378/igld-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001090159
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory

    Note 7 -Trade and Other Receivables

     

    A.Composition of trade and other receivables

     

       December 31, 
       2016  2017 
       NIS  NIS 
     Trade receivables, net*      
     Outstanding debts  785   765 
     Credit cards and checks receivable  450   428 
     Unbilled receivables  241   235 
     Current maturities of long-term receivables  505   472 
     Related parties  19   15 
     Total trade receivables  2,000   1,915 
     Other receivables and current tax assets        
     Prepaid expenses  145   66 
     Other receivables (mainly from real estate sales) and current tax assets  72   204 
     Total other receivables  217   270 
     

    Long-term trade and other receivables

    		        
     Trade receivables- open debts (1)  445   387 
     Long term receivables (from real estate sales)  199   106 
        644   493 
        2,861   2,678 

     

     *The amount of trade receivables is stated net of the provision for doubtful debts

     

    (1)Discounted interest rates for long-term trade payables are based the estimated credit risk of trade payables. The discounted interest rates used by the Bezeq Group in 2017 are 3.4% - 3.5% (in 2016: 3.3% - 3.5%).

    B.Excepted payment dates for long-term trade and other receivables:

     

       December 31, 
       2017 
       NIS 
     2019  345 
     2020  142 
     2021 and thereafter  6 
        493 

     

    C.Change in provision for doubtful debts during the year

     

       December 31 
       2016  2017 
       NIS  NIS 
     Balance at January 1  173   111 
     Impaired loss recognized  25   20 
     Lost debts  (87)  (39)
     Balance at December 31  111   92 

     

    DAging of trade receivables

     

    The aging of trade receivables at the reporting date was as follow:

     

       

    December 31,

    2016

    		  

    December 31,

    2017

    		 
       Gross  Impairment  Gross  Impairment 
       NIS  NIS  NIS  NIS 
                  
     Current  2,282   (8)  2,153   (6)
     Past due up to one year  183   (46)  165   (37)
     Past due one to two years  50   (31)  44   (27)
     Past due more than two years  41   (26)  32   (22)
        2,556   (111)  2,394   (92)