b'A N N U A L R E P O R T 2 0 1 7 - 2 0 1 8NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2018(Expressed in Trinidad and Tobago Dollars)11.Other assets20182017$000$000i.Other assetsInvestment income receivable75,00868,013Sundry debtors87,67789,845Prepayments345,934324,200Contributions receivable363,163337,518Claims receivable 871,782819,576Claims receivable:Clico Investment Bank Limited (CIB)Gross amount335,419739,965Provision for impairment(335,419)(739,965)Carrying amountOver 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, judgment 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 judgment. 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 NIBTTs claims up to date of appointment of the Liquidator (17 October 2011) as follows:TT$45,200,876 and TT$6,577,051 principal and interest respectively; and 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 LimitedIn 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. By letter dated 18 April 2018, the DIC advised that, pursuant to the Order of the High Court (CV2010-01442) dated 25 January 2018, the Liquidator has been ordered to pay liability instruments:i.Interest at a rate of 6% per annum to those creditors previously entitled to a contractual rate of morethan 6% per annum, and to maintain the original rate where that rate of interest was less than 6% per annum, up to the date of the Winding Up Order namely, 17 October 2011.56'