Page 75 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 73

(a) Finance lease receivables

Included in business loans are the following fnance lease receivables:

CONSOLIDATED

2011 2010 $m $m

Gross investment in fnance lease receivables:

Less than one year 403 564 Between one and fve years 392 667 More than fve years 3 4 798 1,235 Unearned future income on fnance leases (83) (137) Net investment in fnance lease receivables 715 1,098

Net investment in fnance lease receivables:

Less than one year 387 541 Between one and fve years 327 555 More than fve years 1 2 715 1,098

7.5 Banking – Provision for impairment on Banking loans, advances and other receivables

7.5.1 Reconciliation of provision for impairment on Banking loans, advances and other receivables

CONSOLIDATED

2011 2010 $m $m

Collective provision

Balance at the beginning of the fnancial year 201 282 (Credit) charge against impairment losses (24) (81) Balance at the end of the fnancial year 177 201

Specifc provision

Balance at the beginning of the fnancial year 471 477 Charge against impairment losses 329 506 Impaired assets written off (252) (407) Unwind of discount (161) (105) Balance at the end of the fnancial year 387 471 Total provisions 564 672

7.5.2 Impairment expense on Banking loans, advances and other receivables

CONSOLIDATED

2011 2010 $m $m

Decrease in collective provision for impairment (24) (81) Increase in specifc provision for impairment 329 506 Bad debts written off 25 57 Bad debts recovered (5) (3) Total impairment expense 325 479