Mega Bank Annual Report 2017

53 Annual Report 2017 -53- (A) Loans ;! December 31, 2017 Item Loans (NT$) Loans (US$) Allowance for credit losses (NT$) Allowance for credit losses (US$) With existing objective evidence of individual impairment Individual assessment $ 15,232,401 $ 513,775 $ 2,656,718 $ 89,608 Collective assessment 969,486 32,700 142,804 4,817 Without existing objective evidence of individual impairment Collective assessment 1,774,314,374 59,846,005 25,555,983 861,980 December 31, 2016 Item Loans (NT$) Allowance for credit losses (NT$) With existing objective evidence of individual impairment Individual assessment $ 12,627,826 $ 2,938,804 Collective assessment 751,171 105,651 Without existing objective evidence of individual impairment Collective assessment 1,728,594,001 23,649,777 (B) Receivables: December 31, 2017 Item Receivables (NT$) Receivables (US$) Allowance for credit losses (NT$) Allowance for credit losses (US$) With existing objective evidence of individual impairment Individual assessment $ 1,107,222 $ 37,346 $ 917,911 $ 30,960 Collective assessment 237,005 7,994 26,524 895 Without existing objective evidence of individual impairment Collective assessment 59,527,304 2,007,802 720,287 24,295 December 31, 2016 Item Receivables (NT$) Allowance for credit losses (NT$) With existing objective evidence of individual impairment Individual assessment $ 931,696 $ 685,852 Collective assessment 257,952 26,785 Without existing objective evidence of individual impairment Collective assessment 59,664,281 716,101 The Bank and subsidiaries has provided appropriate allowance for credit losses for bills discounted and loans, accounts receivables, non- accrual loans transferred from overdue receivables and remittance purchased. Movements in allowance for credit losses for the years ended December 31, 2017 and 2016 were shown below: 2017 NT$ Receivables Bills discounted and loans Non-accrual loans transferred from overdue receivables Remittance purchased Total Balance, January 1 $ 1,428,738 $ 26,694,232 $ 2,879 $ 155 $ 28,126,004 Provision (Reversal) 314,228 4,058,408 ( 1,501 ) ( 139 ) 4,370,996 Write-off-net ( 73,626 ) ( 3,584,836 ) ( 23,827 ) - ( 3,682,289 ) Recovery of written-off credits 83,726 1,364,605 1,391 - 1,449,722 Effects of exchange rate changes and others ( 88,344 ) ( 176,904 ) 22,567 - ( 242,681 ) Balance, December 31 $ 1,664,722 $ 28,355,505 $ 1,509 $ 16 $ 30,021,752