Page 31 - Kildare CU 2022 AR

NOTES TO
THE FINANCIAL STATEMENTS
12.
Movement in Loans During the Year Opening Loan Balance 1 October 2021
Loans Granted During the Year Loans Repaid During the Year Loans Written Off During the Year
Closing Loan Balance 30 September 2022
16,633,758 7,858,324 (7,525,545) (105,271)
16,861,266
17,279,063 7,266,515 (7,857,919) (53,901)
16,633,758
2022 2021
€€
12.1.
Analysis of Gross Loans Outstanding as at 30 September 2022
Loans written off during the year are included in the Income and Expenditure account net of attached Bad Debt Provisions as outlined in Note 13.
By Time Period
2022 Number of Amount
Loans € 513 812,749 832 4,116,310 684 6,912,635 157 4,636,604
6 382,968 -
2021 Number of
Loans
486
838
608
163
8 -
2,103
2022
Less than 1 year
>1 year and <3 years
>3 years and <5 years
>5 years and <10 years
>10 years and <25 years
>25 years -
Amount
€
811,524 4,068,687 6,436,603 4,796,208
520,736 -
16,633,758
2021
Total 2,192
Movement in Bad Debt Provisions During the Year
16,861,266
13.
Opening Provision Balance 1 October 2021
Net Movement in Bad Debt Provision During the Year for Loans Currently Outstanding
Decrease in Bad Debt Provision as a Result of Loan Write Offs Previously Provided For
Closing Provision Balance 30 September 2022
€€
1,221,482 1,271,235 - -
(97,121) (49,753) 1,124,361 1,221,482
Breakdown of Closing Provision Balance 30 September 2022
Individually Significant Loans Collectively Assessed Loans Other Impaired Loans
Closing Provision Balance 30 September 2022
261,843 455,947 406,571
1,124,361
219,251 229,090 773,141
1,221,482
2022
2021
€€
For the year ended 30 September 2022
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