(in thousands of dollars)

Year ended March 31, 2007

	2007	2006
(a) Principal due:
Performing loans	$ 121,712	$ 120,460
Impaired loans	17,147	23,415
	138,859	143,875
Allowance for credit losses (note 7)	39,000	43,005
	99,859	100,870
Less current portion	6,129	6,883
	$93,730	$93,987

Included in the above loans receivable are loans with concessionary terms which have principal amounts outstanding of $327 (2006 - $461) and concessionary allowance of $51 (2006 - $88). The concessionary terms consist of interest free financing.

The concessionary allowance is calculated as the difference between the financing advances and the net present value of the anticipated future repayments at an interest rate similar to the usual established terms of the Corporation.

(b) Principal payments receivable in each of the next five years are as follows:

2008	$ 6,129
2009	4,108
2010	7,108
2011	6,514
2012	6,350