MCCU Annual Report - page 68

68
6.
Provision for Loan Impairment (cont'd):
(c) Delinquent Loans:
PORTION NOT
NO. OF
SAVINGS HELD COVERED BY /
MONTHS IN
LOANS
DELINQUENT
AGAINST
(IN EXCESS OF)
ARREARS
IN ARREARS
LOANS
LOANS
SAVINGS
#
$
$
$
1 month
161
33,886,808
17,137,639
16,749,169
2 to 3 months
65
14,477,219
8,062,155
6,415,064
3 to 6 months
105
19,449,192
11,774,993
7,674,199
6 to 12 months
76
19,200,218
14,326,194
4,874,024
Over 12 months
45
10,248,680
8,007,274
2,241,406
452
97,262,117
59,308,255
37,953,862
(d)
7.
Earning Assets - Financial Investments:
2013
2012
$
$
Available for Sale
Placement with JCCUL
12,651,443
8,964,047
Placement with Other Financial Institutions
545,026,357
609,239,011
557,677,800
618,203,058
Un-quoted Equity Securities
29,798,881
29,798,881
Provision for losses on unquoted shares
(1,750,000)
(3,500,000)
28,048,881
26,298,881
585,726,681
644,501,939
8.
Non Earning - Liquid Assets:
2013
2012
$
$
Cash and Bank
60,452,717
43,178,833
9.
Non Earning - Other Assets:
2013
2012
$
$
Accrued Income
22,751,700
30,513,521
Receivables
4,221,566
6,975,852
26,973,266
37,489,373
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
The Directors estimate the value of the chattels held as security against the outstanding loans to be $40,298,246
(2012 - $32,796,657). At 31st December 2013 there were 452 delinquent loans (2012 - 338).
YEAR ENDED 31ST DECEMBER 2013
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
I...,58,59,60,61,62,63,64,65,66,67 69,70,71,72,73,74,75,76,77,78,...126
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