30 for the year ended 30 June 2024 All figures are in A$000's Note 2024 2023 Current Trade receivables 7(a) 329,140 239,068 Provision for expected credit losses including specific provision (1,652) (112) Retentions 11,370 10,170 Sundry receivables 7(b) 13,366 19,093 Deposits and bonds 1,974 2,214 Receivables from associates 967 947 Receivables from other related parties 17 2,030 2,030 Total current trade and other receivables 357,195 273,410 7(a) - Trade receivables are non-interest bearing and are generally on 30-45 day terms. Refer to expected credit losses on Trade and other receivables below for additional information. Due to the short term nature of these receivables, their carrying value is assumed to approximate their fair value. The maximum exposure to credit risk is the fair value of the receivables. Details regarding the credit risk of current receivables are disclosed in Note 20. At 30 June, the ageing analysis of trade receivables is as follows: 0-30 days 322,151 224,043 31-60 days 2,671 7,862 61-90 days 202 3,272 91+ days 4,116 3,891 Total trade receivables 329,140 239,068 Expected credit losses on Trade and other receivables As at 30 June 2024, the Group has trade and other receivables of $329.1 million (2023: $239.1 million). The provision for expected credit losses on trade receivables is, in whole dollars $15,076 (2023: $4,035). 7(b) - Sundry receivables are non-interest bearing and generally have 30 day repayment terms. 7(c) Contract assets/ (liabilities) Contract assets: Total work in progress 187,257 150,593 Contract liabilities: Total progress billings in advance (212,759) (165,830) Net contract liabilities (25,502) (15,237) As at 30 June 2024, the Group has amounts due from customers of $187.3 million (2023: $150.6 million). Consolidated 7. Trade and other Receivables Notes to the annual financial statements (continued)
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