PARTNER COMMUNICATIONS CO LTD | CIK:0001096691 | 3

  • Filed: 3/29/2018
  • Entity registrant name: PARTNER COMMUNICATIONS CO LTD (CIK: 0001096691)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1096691/000117891318001012/0001178913-18-001012-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1096691/000117891318001012/ptnr-20171231.xml
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    • ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory

    NOTE 7 – TRADE RECEIVABLES

    (a)
    Composition:

       
    New Israeli Shekels
    		  
       
    December 31
    		  
       
    2016
    		    
    2017
    		  
       
    In millions
    		  
    Trade (current and non-current)
    		    
    1,545
    		      
    1,260
    		  
    Deferred interest income (note 2(n))
    		    
    (32
    )
    		    
    (27
    )
    Allowance for doubtful accounts
    		    
    (190
    )
    		    
    (193
    )
         
    1,323
    		      
    1,040
    		  
    Current
    		    
    990
    		      
    808
    		  
    Non – current
    		    
    333
    		      
    232
    		  

    Non-current trade receivables bear no interest. These balances are in respect of equipment sold in installments (13-36 monthly payments (mainly 36)). The amount is computed on the basis of the interest rate relevant at the date of the transaction (2016: 3.72% - 4.72%) (2017: 4.47% - 4.72%).

    During 2016 the Company factored some trade receivables resulting from sales of equipment through credit cards in an amount of NIS 72 million. The factoring was executed through a clearing company, on a non-recourse basis. The factoring of accounts receivable was recorded by the Company as a sale transaction under the provisions of IAS 39. The resulting costs were charged to "finance expenses" in the statement of income, as incurred. The Group does not have continuing involvement in the factored trade receivables.
     
    (b)
    Allowance for doubtful accounts:

    The changes in the allowance for the years ended December 31, 2015, 2016 and 2017 are as follows:
     
       
    New Israeli Shekels
    		  
       
    Year ended
    		  
       
    2015
    		    
    2016
    		    
    2017
    		  
       
    In millions
    		  
    Balance at beginning of year
    		    
    166
    		      
    169
    		      
    190
    		  
    Receivables written-off during the year as uncollectible
    		    
    (61
    )
    		    
    (61
    )
    		    
    (49
    )
    Charge or expense during the year
    		    
    64
    		      
    82
    		      
    52
    		  
    Balance at end of year
    		    
    169
    		      
    190
    		      
    193
    		  

    Doubtful accounts expenses are recorded in the statement of income under General and administrative expenses. See note 6(a)(3) regarding trade receivables credit risk.
     
    Allowance for doubtful accounts resulting from services provided under operating lease are not separately disclosed due to immateriality.

    The aging of gross trade receivables and their respective allowance for doubtful accounts as of December 31, 2016 and 2017 is as follows:
     
       
    New Israeli Shekels
    		  
       
    December 31
    		  
       
    2016
    		    
    2017
    		  
       
    In millions
    		  
       
    Gross
    		    
    Allowance
    		    
    Gross
    		    
    Allowance
    		  
    Less than one year
    		    
    1,420
    		      
    101
    		      
    1,089
    		      
    69
    		  
    More than one year
    		    
    125
    		      
    89
    		      
    171
    		      
    124
    		  
         
    1,545
    		      
    190
    		      
    1,260
    		      
    193