Page 80 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Notes to Financial Statements, continued Year ended March 31, 2013
25. 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 – net Short-term investments
Current portion of long-term receivables Notes receivable – net
Non-current assets: Available-for-sale financial assets Long-term receivables
Long-term deposits – net
US$
2013
34,315,837 4,418,572 – 623,909 – 39,358,318
133,870,860 3,480,997 4,164,598
2012
19,421,904 7,243,144 6,044,996
605,742 5,885,000 39,200,786
117,769,693 4,033,018 7,635,096
129,437,807 168,638,593
141,516,455 US$ 180,874,773
The exposure to credit risk for contributions at the reporting date, by type of counterparty, was as follows:
Carrying Amount
2013
Private employers US$ 2,470,233 Self-employed 94,529 TCIG –
US$ 2,564,762
2012
2,232,586 94,993 37,437
2,365,016
The exposure to credit risk for contributions at the reporting date, by type of contribution risk accepted, was as follows:
Carrying Amount
2013
Private sector US$ 2,470,233 Self-employed 94,529 Civil servants –
2012
2,270,023 94,993 –
US$ 2,564,762 2,365,016
76 | The National Insurance Board of The Turks and Caicos Islands
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