There was a sale of the furniture and lease, at Norwood; and Tiffey told me, little thinking how interested I was in the story, that, paying all the just debts of the deceased, and deducting his share of outstanding bad and doubtful debts
due to the firm, he wouldn't give a thousand pounds for all the assets remaining.
"We have come up with a proposal that interest on bad and doubtful debts
in the case of deposit-taking NBFCs and systemically important non-deposit taking NBFCs shall be charged on tax on receipt basis and not on an accrual basis," she said.
class="MsoNormal"Although the university provided for bad and doubtful debts
figure of Sh13 million in accordance university policy that provides for bad and doubtful debts
at a rate of 2 percent of the outstanding debts as at the end of the year, the figure appears inadequate taking into account the debtors outstanding for more than three years," says Mr Ouko.
Group CEO Nadda Buranasiri said the airline also expected provisions for doubtful debts
to put short-term pressure on full-year earnings.
K-Electric has not been allowed any provision on account of the Doubtful debts
in the tariff, however, Bad Debts written off @ 1.69 per cent of K-Electric's assessed sales revenue has been allowed in the base case, the analyst said.
In the accompanying commentary we learnt, ''Selling and administrative expenses increased in the period compared to the prior year, mainly as a consequence of increased provisions for doubtful debts
in the FMCG business.''
The volume of provisions made by banks to deal with bad and doubtful debts
reached EGP 109.383bn at the end of August 2017, compared to EGP 110.218bn at the end of July 2017, a decline of about EGP 900m.
Nepra did not allow K-Electric any provision for including the cost of doubtful debts
in tariff, but allowed the company to write off bad debts at the rate of 1.69% of its assessed sales revenue.
Moreover, disallowance on account of Provision for doubtful debts
has also been reduced to the tune of Rs.
Rise was attributable to higher salaries and wages expense, outsource job contractor charges and provision for doubtful debts
beside normal impact of inflation in Pakistan.
It said that higher charges for bad and doubtful debts
and a mining downturn had pushed down profits.