Loans and Receivables. Loans and receivables are recognised on the Balance Sheet when the Council becomes a party to the contractual provisions of a financial instrument and are initially measured at fair value. They are subsequently measured at their amortised cost. Annual credits to the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement for interest receivable are based on the carrying amount of the asset multiplied by the effective rate of interest for the instrument. For most of the loans that the Council has made, this means that the amount presented in the Balance Sheet is the outstanding principal receivable (plus accrued interest) and interest credited to the Comprehensive Income and Expenditure Statement is the amount receivable for the year in the loan agreement. However, the Council has made a number of loans to voluntary organisations at less than market rates (soft loans). When soft loans are made, and amounts are material, a loss is recorded in the Comprehensive Income and Expenditure Statement (debited to the appropriate service) for the present value of the interest that will be foregone over the life of the instrument, resulting in a lower amortised cost than the outstanding principal. Interest is credited to the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement at a marginally higher effective rate of interest than the rate receivable from the voluntary organisations, with the difference serving to increase the amortised cost of the loan in the Balance Sheet. Statutory provisions require that the impact of soft loans on the General Fund Balance is the interest receivable for the financial year – the reconciliation of amounts debited and credited to the Comprehensive Income and Expenditure Statement to the net gain required against the General Fund Balance is managed by a transfer to or from the Financial Instruments Adjustment Account in the Movement in Reserves Statement. Where assets are identified as impaired because of a likelihood arising from a past event that payments due under the contract will not be made, the asset is written down and a charge made to the relevant service (for receivables specific to that service) or the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement. The impairment loss is measured as the difference between the carrying amount and the present value of the revised ...
Loans and Receivables. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognized initially at fair value and subsequently on an amortized cost basis using the effective interest method, less any impairment losses. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period, which are classified as non-current assets. The Company does not have any financial instruments designated as loans and receivables. HYDRO POWER TECHNOLOGIES INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED June 30, 2018 and 2017 (Expressed in Canadian dollars)
Loans and Receivables. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognized initially at fair value and subsequently on an amortized cost basis using the effective interest method, less any impairment losses. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period, which are classified as non-current assets. The Company does not have any financial instruments designated as loans and receivables. HYDRO POWER TECHNOLOGIES INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE QUARTERS ENDED SEPTMEMBER 30, 2019 and 2018 (Expressed in Canadian dollars)
Loans and Receivables. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost using the effective interest rate method.
Loans and Receivables. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for instruments with maturities greater than twelve months from the reporting date, which are classified as non-current assets. The Company’s loans and receivables comprise cash and cash equivalents and trade and other receivables (including related party receivables) which are stated at their cost less impairment losses.
Loans and Receivables. (a) Section 5.23(a) of the Disclosure Schedule lists all of the customer loans with a face value of $1,000 or more outstanding as of March 31, 2006. Each such loan that is not secured by a mortgage has been issued in conformity with Sellers’ applicable margin criteria and has been secured by valid liens on and security interests in invested assets having a value sufficient to cause such loan to conform to such margin criteria. Such liens and security interests have been perfected and have first priority, and such invested assets are (i) fully transferable and (ii) held in non-physical form. Each such loan that is secured by a mortgage has been issued in conformity with the credit standards of the Business and such mortgage is a valid and perfected first priority lien on residential real property having a value equal to or in excess of the principal amount outstanding under the applicable loan.
Loans and Receivables. The representations and warranties of the Seller regarding the Loans, the Loan Documents and the Receivables contained in Section 2 of the Contribution and Servicing Agreement are true and correct in all material respects and the representations and warranties of each Borrower under its Revolving Credit Agreement shall be true and correct in all material respects as of the making of each Loan under such Revolving Credit Agreement. The Lender and the Collateral Agent, acting on the Lender's behalf, may rely on such representations and warranties to the same extent as if such representations and warranties were set forth by the Company herein.
Loans and Receivables. (a) All loans reflected as assets in the Target Financials are evidenced by notes, agreements or other evidences of indebtedness which are true, genuine and correct, and to the extent secured, are secured by valid liens and security interests which have been perfected, excluding loans as to which the failure to satisfy the foregoing standards would not have a Material Adverse Effect. All receivables for trust account fees or other similar fees shown on the Target Financials were generated in the ordinary course of business consistent with past practice.
Loans and Receivables. This account consists of the following (see also Note 28.1):
Loans and Receivables. The summary of the Group’s and Parent Company’s significant transactions and the related outstanding balances for loans and receivables with its related parties as of and for the years ended December 31, 2017, 2016 and 2015 are as follows: Group Related Party Category Issuances Repayments Interest Income Loans Outstanding 2017: StockholdersRelated parties under common ownership P - P 210 55 196 P - 16 P 316 14 Key management personnel 691 481 2 211 Other related interests 8,267 2,702 560 10,106 P 9,168 P 3,434 P 578 P 10,647 2016: Stockholders Related parties under common ownership P - - P 55 541 P 21 19 P - 371 Key management personnel 1 2 - 1 Other related interests 7,331 4,476 567 4,541 2015: P 7,332 P 5,074 P 607 P 4,913 Stockholders Related parties under common ownership P - P 40 537 2,006 P 29 35 P 426 541 Key management personnel 2 5 - 4 Other related interests 400 649 103 1,686 P 442 P 3,197 P 167 P 2,657 Parent Company Related Party Category Issuances Repayments Interest Income Loans Outstanding 2017: Stockholders P - P 55 P 16 P 316 Subsidiaries Related parties under common ownership - 210 222 196 - - - 14 Key management personnel 663 467 2 197 Other related interests 8,267 2,702 560 10,106 P 9,140 P 3,642 P 578 P 10,633 Parent Company Related Party Category Issuances Repayments Interest Income Loans Outstanding 2016: Stockholders P - P 55 P 21 P 371 Subsidiaries Related parties under common ownership - 1,276 1,276 541 - 19 - 222 Key management personnel 1 2 - 1 Other related interests 7,331 4,476 567 4,541 P 8,608 P 6,350 P 607 P 5,135 2015: Stockholders P - P 536 P 29 P 426 Subsidiaries Related parties under common ownership 5,754 40 5,612 2,006 3 35 222 541 Key management personnel - 5 - 2 Other related interests 000 000 000 1,686 P 6,194 P 8,496 P 170 P 2,877 In the ordinary course of business, the Group has loan transactions with each other, their other affiliates, and with certain Directors, Officers, Stockholders and Related Interests (DOSRIs). Under existing policies of the Group, these loans are made substantially on the same terms as loans to other individuals and businesses of comparable risks. Under current BSP regulations, the amount of individual loans to a DOSRI, 70% of which must be secured, should not exceed the amount of the encumbered deposit and book value of the investment in the Group and Parent Company and/or any of its lending and nonbank financial subsidiaries. In the aggregate, loans to DOSRIs, generally, should not exce...
