Mega Bank Annual Report 2017

52 Mega Bank -52- December 31, 2016 NT$ Reserve for deposits-category A $ 25,765,381 Reserve for deposits-category B 37,590,523 Reserve for deposits-general 305 Reserve for deposits-foreign currency 585,654 Deposits of overseas branches with foreign Central Banks 275,864,933 Interbank settlement fund of Fund Center 4,895,305 Call loans to banks and bank overdrafts 188,357,264 Import and export loans from banks 140,799 Participate in interbank financing with risk 6,811,578 Total $ 540,011,742 As required by relevant laws, the reserves for deposits are calculated at required reserve ratios based on the monthly average balances of various deposit accounts. Reserve for deposits - category B cannot be used except upon the monthly adjustment of the reserve. (3) Financial assets at fair value through profit or loss, net December 31, 2017 December 31, 2016 NT$ US$ NT$ Financial assets held for trading Stocks $ 4,060,454 $ 136,955 $ 2,866,854 Derivative instruments 3,264,346 110,104 3,783,124 Corporate bonds 20,601,506 694,870 23,284,785 Financial bonds 12,508,766 421,909 15,381,890 Government bonds 1,181,390 39,847 - Total $ 41,616,462 $ 1,403,685 $ 45,316,653 A. Gain (loss) on financial assets and liabilities held for trading and gain (loss) on financial liabilities designated as at fair value through profit or loss recognized for the years ended December 31, 2017 and 2016 are provided in Note 6(27). B. As of December 31, 2017 and 2016, the above financial assets were not pledged to other parties as collateral for business reserves and guarantees. C. As of December 31, 2017 and 2016, the aforementioned bonds that were recognized as financial assets at fair value through profit or loss had not been sold under repurchase agreement. (4) Receivables, net December 31, 2017 December 31, 2016 NT$ US$ NT$ Factoring receivable $ 33,152,887 $ 1,118,217 $ 36,988,054 Acceptances receivable 10,344,104 348,897 8,240,037 Accrued interest 5,962,835 201,121 5,110,512 Accounts receivable -Credit card 4,860,248 163,932 4,452,488 Accounts receivable -Usance L/C buyout 3,038,711 102,493 1,879,409 Earned revenue receivable 920,035 31,032 923,320 Other receivables 2,592,711 87,450 3,260,109 Total 60,871,531 2,053,142 60,853,929 Less: Allowance for bad debts ( 1,664,722 ) ( 56,150 ) ( 1,428,738 ) Receivables, net $ 59,206,809 $ 1,996,992 $ 59,425,191 (5) Bills discounted and loans, net December 31, 2017 December 31, 2016 NT$ US$ NT$ Bills and notes discounted $ 9,660 $ 326 $ 14,859 Overdrafts 3,180,332 107,270 1,977,856 Short-term loans 509,194,785 17,174,675 389,317,574 Medium-term loans 690,056,078 23,274,962 773,175,872 Long-term loans 576,100,312 19,431,338 563,521,555 Import/export bills negotiated 9,895,964 333,782 12,512,002 Loans transferred to non-accrual loans 2,079,130 70,127 1,453,280 Total 1,790,516,261 60,392,480 1,741,972,998 Less: Allowance for bad debts ( 8,355,505 ) ( 956,405 ) ( 26,694,232 ) Bills discounted and loans, net $ 1,762,160,756 $ 59,436,075 $ 1,715,278,766 A. As of December 31, 2017 and 2016, the amounts of reclassified non-performing loans (overdue for more than six months) were NT$2,079,130 thousand and NT$1,453,280 thousand, respectively, to ‘overdue receivables’ account. The se amounts included interest receivable of NT$8,236 thousand and NT$7,916 thousand, respectively. B. Movements in allowance for credit losses Information as to the evaluations of impairment of the Bank and subsidiaries’ loans and receivables as of December 31 , 2017 and 2016 was as follows: