Page 91 - 86395_CCB - 2024 Annual Report (web)

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that it would not meet this condition. All the £’000 2024 2023
Bank’s loans contain prepayment features. A Gross investment in
prepayment feature is consistent with the SPPI finance lease receivables :
*
criteria if the prepayment amount substantially
represents unpaid amounts of principal and Less than one year 53,799 42,197
interest on the principal amount outstanding, 1 – 2 years 65,500 41,589
which may include reasonable compensation for
early termination of the contract. 2 –3 years 37,831 36,376

Gross loans and advances is net of an EIR liability 3 –4 years 20,089 19,816
of £2.7m (2023: £3.2m).
4 –5 years 7,386 8,149
£’000 2024 2023 More than five years 4,350 4,110
Gross loans and advances 1,225,716 1,106,055 Total 188,955 152,237
Less: allowance for (21,123) (22,777) Unearned future finance (23,965) (19,859)
impairment losses income on finance charges
(see Note 16)
Net investment in 164,990 132,378
Net loan receivables 1,204,593 1,083,278 finance leases
Fair value hedge (149) – The net investment in
accounting adjustment finance leases may be
for hedged risk analysed as follows:
Total loans and advances 1,204,444 1,083,278 Less than one year 43,172 34,053
to customers
Between one 117,688 94,512
and five years
Gross loans and advances to customers includes More than five years 4,130 3,813
Hire Purchase and Finance Lease agreements.
The table below shows the timing of the expected 164,990 132,378
undiscounted cashflows on these agreements. * Excludes effective interest rate asset of £2,084k