Allowance for Credit Losses and Provision for Payment of Guarantees

(in thousands of dollars)

Year ended March 31, 2008

 Gross balance outstandingSpecific allowanceGeneral allowanceTotal allowance2008 Net balance outstanding
Loans receivable (note 4) $ 129,33$ 29,112$ 4,567$ 33,679$ 95,454
Equity investments (note 5)28,54511,0681,27112,33916,206
Guarantees (note 11)5,0082,879152,8942,114
Other assets (note 7)822822-822-
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 $ 163,508$ 43,881$ 5,853$ 49,734$ 113,774
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 Gross balance outstandingSpecific allowanceGeneral allowanceTotal allowance2007 Net balance outstanding
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Loans receivable (note 4)$ 138,859$ 34,280$ 4,720$ 39,000$ 99,859
Equity investments (note 5)25,28410,6941,37112,06513,219
Guarantees (note 11)4,0044003607603,244
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Other assets (note 7)822822-822-
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 $ 168,969$ 46,196$ 6,451$ 52,647$ 116,322