Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 12

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 12
---
4 

    30
    June 2024

    AUD$

    AUD$

    CURRENT

    Related
    party receivable

    957,261

    -

    Trade
    receivables, net (1)                                    Note
    21

    4,129,990

    4,470,101

    Total
    current trade and other receivables

    5,087,251

    4,470,101

    (1)
    Trade
    receivables are presented net of expected net credit loss of AUD$97,406 and AUD$138,000 at 30 September 2024 and 30 June 2024, respectively.

The
carrying value of trade receivables is considered a reasonable approximation of fair value due to the short-term nature of the balances.

The
maximum exposure to credit risk at the reporting date is the fair value of each class of receivable in the financial statements.

The
expected credit loss for the three months ended 30 September 2024 and the year ended 30 June 2024 was AUD$97,406 and AUD$138,000, respectively.

The
table below presents the expected credit losses on trade receivables for the three months ended 30 September 2024:

 Schedule of Expected Credit Losses on Trade Receivables

    Current
    sales  
    [30]
    days  
    [60]
    days  
    [90]
    days  
    Total 

    Unaudited 

    Current
    sales  
    [30]
    days  
    [60]
    days  
    [90]
    days  
    Total 
  
    Balance
    as at reporting date 
    $3,276,277  
    $812,259  
    $953,453  
    $142,668  
    $5,184,657 
  
    Expected
    loss rate 
     0.73% 
     2.27% 
     4.86% 
     6.16% 
     -  
  
    ECL
    allowance 
    $23,842  
    $18,438  
    $46,338  
    $8,788  
    $97,406 

The
table below presents the expected credit losses on trade receivables for the year ended