Page 62 - 國合會2016電子書-英文

previous years, the 2016 annual revenue (excluding For revenue derived from reimbursable long-term
foreign exchange gains (losses) and other income investment and lending development projects, interest
(expenses)) grew by 8.4 percent from 2015, 2.2 percent earned in 2016 from lending development projects
from 2014 and 17.8 percent from 2013. Fund revenue stood at NT$88.22 million (rate of return 2.40 percent),
distribution from 2013 to 2016 is shown in Figure 1. which registers a decline of NT$3.7 million (0.13 percent)
compared to 2015 at NT$91.9 million (rate of return
Management of Long-term Development Lending 2.53 percent). Besides, returns from two investment
and Investments projects contributed a profit of NT$22.57 million (rate of
As of December 31, 2016, the TaiwanICDF was return 1.74 percent). Total aggregated revenue on long-
committed to 14 long-term investment projects, for term investment and lending development projects was
which the balance of investments stood at US$50.01 NT$117.69 million with a combined return rate of 2.19
million and NT$124 million. A total of 86 lending percent. Compared to the total aggregated income in
projects were implemented with approved loans of 2015 (NT$109.25 million, aggregated rate of return 2.03
US$526.45 million, €56.55 million and other currencies percent), this represents an increase of around NT$8.44
equivalent to US$18.1 million. Accumulated loan million (0.16 percent); while compared to 2014 (total
disbursements stood at US$447.65 million, €20.84 aggregated income NT$99.64 million, aggregated rate of
million and other currencies equal to US$18.1 million, return 1.73 percent), an increase of NT$18.05 million (0.46
equivalent to 84.18 percent of all commitments. Total percent). In terms of asset quality, as of December 31,
loan principal repayments stood at US$477 million, 2016, there were no bad debts or delayed payments, and
equivalent to 76.23 percent of all funds extended. The in compliance with the organization’s provisions on long-
total outstanding balance of long-term investment and term loans, receivables and overdue payments, these
lending development projects comprised 34 percent of were recorded as a reserve for allowances for bad debts
the Fund, while 66 percent was allocated to a portfolio to provide a fair and objective picture of asset quality.
of financial instruments. Accounting for commitments
made but not yet fulfilled, the value comes to 55 percent Management of Uncommitted Funds
of total fund balances, while financial investments Financial investment of the uncommitted portion of
accounted for 45 percent. Fund utilization in 2016 is the Fund is designed to enhance the efficiency of fund
shown in Figure 2. utilization and increase the TaiwanICDF’s revenues, so as

Figure 2 Fund Utilization (2016)

Lending and Investment Financial
(including unfulfilled ................... ...................
commitments) 55% Investment 45%

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