(Jamaica) Limited - FirstCaribbean International Bank

notes to the Financial Statements
Year Ended 31 October 2009
(Expressed in Jamaican dollars unless otherwise indicated)
9. Loans and Advances to Customers (Continued)
The movement in the provision for credit losses during the year is as follows:
The Bank
Personal Business &
Mortgages Loans Government 2009
$’000 $’000 $’000 $’000
As at 31 October 2009
Balance, beginning of year – 232,402 131,009 363,411
Individual impairment – 164,042 215,852 379,894
Collective impairment – 13,249 14,011 27,260
Recoveries – 31,666 – 31,666
Write offs – (83,612) (1,584) (85,196)
Balance, end of year – 357,747 359,288 717,035
Personal Business &
Mortgages Loans Government 2008
$’000 $’000 $’000 $’000
As at 31 October 2008
Balance, beginning of year – 181,695 101,950 283,645
Individual impairment – 68,582 18,365 86,947
Collective impairment – 17,751 10,694 28,445
Recoveries – 25,339 – 25,339
Write offs – (60,965) – (60,965)
Balance, end of year – 232,402 131,009 363,411
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