Page 140 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Notes to Financial Statements, continued Year ended March 31, 2014
20. Financial instruments, continued
(a) Credit risk, continued
The maximum exposure to credit risk at the reporting date was:
Carrying Amount
Current assets:
Cash and cash equivalents Contributions and other receivables Current portion of long-term receivables
Non-current assets: Available-for-sale financial assets Long-term receivables
Long-term deposits
US$
2014
44,905,495 2,790,567 643,082 48,339,144
147,024,963 2,913,800 4,164,598 154,103,361
2013
34,315,837 4,418,572 623,909 39,358,318
133,870,860 3,480,997 4,164,598 141,516,455
180,874,773
US$ 202,442,505
The exposure to credit risk for contributions at the reporting date, by type of counterparty and by type of contribution risk accepted, was as follows:
Carrying Amount
2014
Private employers US$ 2,148,092
Self-employed 89,312
TCIG ––
US$ 2,237,404 2,564,762
The exposure to credit risk for contributions at the reporting date, by type of geographical location, was as follows:
2013
2,470,233 94,529
Providenciales Grand Turk North Caicos South Caicos Pine Cay Middle Caicos Salt Cay
136| The National Insurance Board of The Turks and Caicos Islands
Gross
US$ 2,803,892 175,786 117,900 32,410 8,707 3,434 1,876
US$ 3,144,005
2014 Impairment
807,771 38,708 39,568 17,345
871 1,662 676
906,601
Carrying Amount
1,996,121 137,078 78,332 15,065 7,836 1,772 1,200
2,237,404 44