1. Includes: allowance for bad debts.

2. • 3462 Allowance for Bad Debts Description:

3. 3462 Allowance for Bad Debts Description:

4. Allowance for bad debts Mandatory Y

5. ◦ Proactive Disclosure 3462 - Allowance for Bad Debts Number: 3462 Name:

6. The allowance for bad debts is calculated on a quarterly basis.

7. The allowance for bad debts is calculated on a monthly basis.

8. Object Codes > Summary > 3462 - Allowance for Bad Debts Institutional links

9. This can also be referred to as an allowance for bad debts.

10. An allowance for bad debts is made for external receivables where recovery is considered uncertain.

11. 5.2 The composition of loans receivable, net of allowance for bad debts by maturity, is as follows:

12. The composition of loans receivable net of allowance for bad debts by maturity as at # ecember is as follows

13. Allowance for bad debts are amounts expected to be uncollected, but still with possibilities of being collected (when there is no other possibility for collection, they are considered uncollectible accounts).

14. However, when setting the interest rate relating to the ‘finance’ aspect of the transaction, VWFS applies a margin for overheads, a profit margin and an allowance for bad debts to its own cost of financing the vehicle.