53 (Expressed in Trinidad and Tobago Dollars) NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS 30th June 2017 11 Other assets 2017 2016 $’000 $’000 a. Other assets Investment income receivable 68,013 59,734 Sundry debtors 89,844 61,709 Prepayments 324,200 325,787 Contributions receivable 337,518 335,628 Claims receivable – – 819,575 782,858 Claims receivable: Clico Investment Bank Limited (CIB) Gross amount 739,965 728,234 Provision for impairment (739,965) (728,234) Carrying amount – – Over the period September 2008 to January 2009, the NIBTT deposited sums of money with Clico Investment Bank Limited (CIB) as Investment Note Certificates (INC). In November 2009, legal action was initiated by the NIBTT due to breach on the part of CIB claiming the sums of US$102,506,129 and TT$46,493,563. On 27 September 2011, judgement was awarded in favour of the NIBTT in the sums of both claims with interest at the rate of 6% per annum from the dates of maturity of each deposit to the date of judgement. On or about October 2011, CIB was placed in compulsory liquidation and Deposit Insurance Corporation (DIC) appointed Liquidator. By letters dated 31 July 2017, the DIC acknowledged and admitted the NIBTT’s claims up to date of appointment of the Liquidator (October 17, 2011) as follows: (i) TT$45,200,876 and TT$6,577,051 principal and interest respectively; and (ii) US$99,652,121 and US$14,943,218 principal and interest respectively. DIC also advised that these amounts have been admitted by the Liquidator and are listed among the other unsecured creditors of Clico Investment Bank Limited – In Compulsory Liquidation for which settlement can take place only after the secured creditors have been settled. In light of this, the NIBTT has adopted a prudent approach and maintained the full provision on this debt established in 2013. The NIBTT remains committed to exhausting all efforts to recover this debt. 12 Cash and cash equivalents 2017 2016 $’000 $’000 Cash at bank 2,450,562 1,595,662 Cash at bank (US$) 97,012 1,526,942 Money Market Fund (TT$) 2,461 2,437 Money market fund (US$) 180,366 76,358 2,730,401 3,201,399