text: **(p) Receivables**
  
  Trade receivables and other receivables are recorded at amounts due less any provision for 
  doubtful debts. 
  
  Bills of exchange are recorded at amortised cost, with revenue recognised on an effective yield 
  basis. 
  
  **(q) Recoverable Amount of Non-Current Assets**
  
  Non-current assets are written down to recoverable amount where the carrying value of any 
  non-current asset exceeds recoverable amount. In determining the recoverable amount of non- 
  current assets, the expected net cash flows have not been discounted to their discount value. 
  
  **(r) Revenue Recognition**
  
  Sale of Goods and Disposal of Assets 
  
  Revenue from the sale of goods and disposal of other assets is recognised when the economic 
  entity has passed control of the goods or other assets to the buyer. 
  
  Rendering of Services 
  
  Revenue from a contract to provide services is recognised by reference to the stage of 
  completion of the contract. 
  
  Contribution of Assets 
  
  Revenue arising from the contribution of assets is recognised when the economic entity gains 
  control of the contribution or the right to receive the contribution. 
  
  Liabilities Forgiven 
  
  The gross amount of a liability forgiven by a credit provider is recognised as revenue. 