Click Here to Register for our AGM 2023
Home › Forums › Annual General Meeting 2022 Q&A › Audit Report
- 19/04/2022 at 3:58 pm #13311AdminKeymaster
Q: Page 25 first graph , small business 60% . If principal to these loans, what is the expected value? According to page 66 section 8.3 paragraph 5 these loans are secured.
A: There is no exposure since these loans are fully secured with loan collateral.
Q: Second graph : Ordinary loans 66%. How many of these members are less than 2 years ?
A: The Ordinary loan delinquency does not comprise of persons with less than 2 years membership.
Q: Page 29 : Initiatives championed (success and challenge) Item 4 provide some info on “ Best in class “. When can automation be expected to commence.
A: Automation is one of our initiatives in our 2022-2024 strategic plan which will be rolled out in due course.
Q: Page 66 Principal which is impaired, is small businesses included?
A: Small business loans are not included.
Q: Page 83 What is the expected value for land and building taxes?
A: The Board of Inland Revenue will determine the annual taxable value and issue a Notice of Assessment, which will confirm the
amount of property tax to be paid.