Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Accounts and Other Receivables

v3.19.1
Accounts and Other Receivables
 12 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Accounts and Other Receivables
Accounts and Other Receivables
Accounts and other receivables consist of the following components:
 
31 March
(Millions of US dollars)
2019
 
2018
Trade receivables
$
245.5

 
$
196.9

Other receivables and advances
12.0

 
7.1

Provision for doubtful trade debts
(2.9
)
 
(1.3
)
Total accounts and other receivables
$
254.6

 
$
202.7


The collectability of accounts receivable, consisting mainly of trade receivables, is reviewed on an ongoing basis. A provision for doubtful trade debts is provided for known and estimated bad debts by analyzing specific customer accounts and assessing the risk of uncollectability based on insolvency, disputes or other collection issues.
The following are changes in the provision for doubtful trade debts:
 
31 March
(Millions of US dollars)
2019
 
2018
 
2017
Balance at beginning of period
$
1.3

 
$
0.9

 
$
1.1

Adjustment to provision
2.8

 
0.6

 
(0.1
)
Write-offs, net of recoveries
(1.2
)
 
(0.2
)
 
(0.1
)
Balance at end of period
$
2.9

 
$
1.3

 
$
0.9