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38
Mega ICBC
-38-
December 31, 2014
Item
Loans (NT$)
Allowance for credit losses (NT$)
With existing objective evidence of
individual impairment
Individual
assessment
$
18,418,084
$
3,491,012
Collective
assessment
822,052
142,244
Without existing objective evidence of
individual impairment
Collective
assessment
1,736,674,167
18,286,776
(B)
Receivables:
December 31, 2015
Item
Receivables
(NT$)
Receivables
(US$)
Allowance
for credit losses
(NT$)
Allowance for
credit losses
(US$)
With existing objective evidence of
individual impairment
Individual
assessment
$
115,941 $
3,525 $
79,253
$
2,410
Collective
assessment
268,100
8,152
26,795
814
Without existing objective evidence of
individual impairment
Collective
assessment
144,110,859
4,381,868
1,867,497
56,784
December 31, 2014
Item
Receivables (NT$)
Allowance for credit losses (NT$)
With existing objective evidence of
individual impairment
Individual
assessment
$
140,158 $
60,610
Collective
assessment
309,384
36,949
Without existing objective evidence of
individual impairment
Collective
assessment
172,224,953
1,522,993
The Bank and its subsidiaries has provided appropriate allowance for credit losses for bills discounted, loans, receivables, non-
accrual loans transferred from overdue receivables, remittance purchased and import and export loans from banks. Movements in
allowance for credit losses for the years ended December 31, 2015 and 2014 were shown below:
2015
NT$
Receivables
Bills
discounted
and loans
Non-accrual loans
transferred from
overdue
receivables
Remittance
acquired
Import and
export loans
from bank
Total
Balance, January 1
$
1,620,552 $ 21,920,032 $
8,230 $
74 $ 750,371 $ 24,299,259
Provision (Reversal)
368,653 (
1,824 ) (
192,643 )
39 (
750,371 ) (
576,146 )
Write-off-net
(
42,354 ) (
817,433 )
-
-
- (
859,787 )
Recovery of written-off credits
101,074
2,347,007
187,292
-
- 2,635,373
Effects of exchange rate changes
and others
(
74,380 )
18,447
-
-
- (
55,933 )
Balance, December 31
$
1,973,545 $ 23,466,229 $
2,879 $
113 $
- $ 25,442,766
2015
US$
Receivables
Bills
discounted
and loans
Non-accrual loans
transferred from
overdue
receivables
Remittance
acquired
Import and
export loans
from bank
Total
Balance, January 1
$
49,275 $ 666,506 $
250 $
2 $
22,816 $ 738,849
Provision (Reversal)
11,209 (
55 ) (
5,857 )
2 (
22,816 ) (
17,517 )
Write-off-net
(
1,288 ) (
24,855 )
-
-
- (
26,143 )
Recovery of written-off credits
3,073
71,363
5,695
-
-
80,131
Effects of exchange rate changes
and others
(
2,261 )
560
-
-
- (
1,701 )
Balance, December 31
$
60,008 $ 713,519 $
88 $
4 $
- $ 773,619
2014
NT$
Receivables
Bills
discounted
and loans
Non-accrual loans
transferred from
overdue
receivables
Remittance
acquired
Import and
export loans
from bank
Total
Balance, January 1
$
1,006,805 $ 21,771,031 $
4,948 $
449 $
- $ 22,783,233
Provision (Reversal)
490,971
1,356,111
3,282 (
375 )
750,371 2,600,360
Write-off-net
(
42,065 ) (
2,370,138 )
-
-
- ( 2,412,203 )
Recovery of written-off credits
122,051
1,594,847
-
-
- 1,716,898
Effects of exchange rate changes
and others
42,790 (
431,819 )
-
-
- (
389,029 )
Balance, December 31
$
1,620,552 $ 21,920,032 $
8,230 $
74 $ 750,371 $ 24,299,259