157
forward focused
36 Related Party Transactions
(continued)
The following transactions were carried out with related parties:
(continued)
2012
2011
$
$
Loans from associates:
Beginning of year
3,254
3,231
Loans advanced during year
7
24
Interest charged
72
66
Interest received
(66)
(67)
End of the year
3,267
3,254
Total loans to other related parties:
Beginning of year
16,953
15,615
Loans advanced during year
-
17
Loan repayments received
(7,360)
(66)
Interest charged
302
1,406
Interest received
(19)
(19)
End of the year
9,876
16,953