Mandating Procedures of Provinces Act, 2008
R 385
Public Audit Act, 2004 (Act No. 25 of 2004)Memorandum of Agreement (2020)Annexure AB. Criteria: Financial Performance IndicatorsB.7. Annual growth in debtors |
Description:
This indicator determines the extent to which auditees are able to recover their debt book year-on-year.
Calculation
The percentage of debtor's growth is calculated by dividing the amount of debtors' balance by the previous financial year's debtors' balance as indicated in the auditee's statement of financial position.
|
Score |
Rating |
|
Score 3 |
Growth in debtors of more than 20% over period |
|
Score 2 |
Growth in debtors of between 10% and 20% over period |
|
Score 1 |
Growth in debtors of less than 10% over period |
