UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
ABN 11 087 650 315
(b) Loans with repayments past due but not regarded as impaired The following table show loans with repayments past due but not regarded as impaired.
There are loans with a value of $10.2m past due which are not considered to be impaired as the value of related security over residential property is in excess of the loan due. It is not practicable to determine the fair value of all collateral as at the reporting date due to the variety of assets and condition. For loans that are past due but not secured by residential property, the Bank is comfortable that these are not impaired due to the nature and the credit process involved with these loans. Loans with repayments past due but not impaired are in arrears as follows:
2022
1 - 3 Mths 3 - 6 Mths 6 -12 Mths > 1 Year
Total
Mortgage secured loans
8,045
954 302
1,176
-
10,175 1,178
Personal loans Credit cards
821 100
28 15 25
27
31 14
4
150 117
Overdrafts
78
-
Total
9,044
1,301
1,244
31
11,620
2021
1 - 3 Mths 3 - 6 Mths 6 -12 Mths > 1 Year
Total
Loans to Members Mortgage secured loans
9,278
1,494
2
579
11,353
Personal loans Credit cards
586
- - -
- - -
- - -
586
- -
- -
Overdrafts
Total
9,864
1,494
2
579
11,939
13. EQUITY INVESTMENTS
Note
2022 $'000 6,461 1,294 1,309
2021 $'000
Shares in unlisted companies - at FVOCI - CUSCAL - Transaction Solutions Pty Ltd
13(c) 13(d) 13(e) 13(f)
3,806
588
- MoneyMe Limited
2,250
- Shared Service Partners Pty Ltd Total value of share investments
64
64
9,128
6,708
Disclosures on Shares held at FVOCI valued with unobservable inputs (a) CUSCAL Limited (CUSCAL) This company supplies services to the member organisations which are all Credit Unions, Mutual Banks and Banks. The Bank holds shares in Cuscal to enable the Bank to receive essential banking services – refer to Notes 36 and 39. The shares are able to be traded but within a market limited to other mutual ADI’s. The volume of shares traded is low with few transactions in the past 3 years.
41
48
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