REPUBLIC BANK LIMITED
72
Notes to theConsolidatedFinancial Statements
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
4 Advances
(continued)
b) Allowance for impairment losses
(continued)
ii) Reconciliation of the allowance for impairment losses for loans and advances by class
2014
Retail
Commercial
Mortgages
Total
Lending and Corporate
Lending
Balance brought forward
66,530
211,320
75,248
353,098
Translation adjustment
(495)
(1,497)
(363)
(2,355)
Charge-offs and write-offs
(34,977)
(40,116)
(4,128)
(79,221)
Loan impairment expense
65,221
135,658
33,256
234,135
Loan impairment recoveries
(22,448)
(64,524)
(27,280)
(114,252)
Balance carried forward
73,831
240,841
76,733
391,405
Individual impairment
53,297
210,063
64,152
327,512
Collective impairment
20,534
30,778
12,581
63,893
73,831
240,841
76,733
391,405
Gross amount of loans
individually determined to be impaired,
before deducting any allowance
111,145
539,633
322,833
973,611
2013
Retail
Commercial
Mortgages
Total
Lending and Corporate
Lending
Balance brought forward
69,526
240,677
79,321
389,524
Translation adjustment
(281)
(465)
(152)
(898)
Charge-offs and write-offs
(40,973)
(48,327)
(3,280)
(92,580)
Loan impairment expense
61,780
146,741
35,944
244,465
Loan impairment recoveries
(23,522)
(127,306)
(36,585)
(187,413)
Balance carried forward
66,530
211,320
75,248
353,098
Individual impairment
44,833
185,167
64,163
294,163
Collective impairment
21,697
26,153
11,085
58,935
66,530
211,320
75,248
353,098
Gross amount of loans
individually determined to be impaired,
before deducting any allowance
98,375
593,299
256,772
948,446
