Annual Report 2013

note to the accounts
d. Exposure to credit risk
2013
Carrying
value
2013
Provision
2012
Carrying
value
Impaired loans $ $ $ $
2012
Provision
90 to 180 days in arrears 40,807 16,323 42,655 17,062
181 to 270 days in arrears 7,927 4,756 - -
271 to 365 days in arrears - - - -
Over 365 days in arrears - - 19,197 19,197
Over limit facilities over 14 days 21,155 14,615 524 292
Total impaired loans 69,889 35,694 62,376 36,551
Past due but not impaired loans $ $ $ $
30 to 90 days in arrears 137,756 - 170,700 -
91 to 180 days in arrears - - - -
181 to 365 days in arrears - - - -
Total past due but not impaired loans 137,756 - 170,700 -
Neither past due or impaired loans
Up to 30 days 157,085,367 - 145,808,857 -
Total neither past due or impaired loans 157,085,367 - 145,808,857 -
Total loans to members 157,293,012 35,694 146,041,933 36,551
The impaired loans are generally the loans which are past due by 90 days or more (by 14 days for credit cards) and not secured against
residential property. Some impaired loans are secured by bill of sale over motor vehicle or other assets of varying value.
There are loans with a value of $0 (2012: $0) which are past due by 90 days or more and are not considered to be impaired as the value of
related security over residential property is in excess of the loans due.
Intech Credit Union Ltd Annual Report 2013 29