| Included in other receivables (note 19) is $2,723,000 relating to Kyoto Carbon Credits generated and pre-sold (2012: $7,360,000). In addition $647,000 is included in other receivables relating to Kyoto Carbon Credits generated but unsold at the end of the reporting period (2012: $1,178,000).
Renewable Energy Credits
The Group also earns Renewable Energy Credits (RECs) from renewable electricity generation in South Australia. Included in other receivables (note 19) is $1,377,000 relating to RECs generated and pre-sold (2012: $1,438,000). In addition $1,493,000 is included relating to RECs generated but unsold at the end of the reporting period (2012: $1,734,000). This potential revenue source is taken into consideration in the evaluation of generation development projects and in the valuation of the generation assets.
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