12. Loans and receivables
| 2016 €000 |
2015 €000 |
|
|---|---|---|
| Loans to on-lenders due within one year | 56,444 | 603 |
| Loans to on-lenders due greater than one year | 600,000 | 235,000 |
| 656,444 | 235,603 |
In the Company’s Statement of Financial Position, loans and receivables have been presented as either current or non-current, according to their maturity. In the prior period they had been presented as one total figure.
The split of the loans to on-lenders between secured and unsecured loans is as below:
| 2016 €000 |
2015 €000 |
|
|---|---|---|
| Secured | 55,116 | - |
| Unsecured | 601,328 | 235,603 |
| 656,444 | 235,603 |
At the end of the financial year, the SBCI had loans in issue to seven on-lenders (2015: two). Three of these on-lenders are banks (2015: two), and four on-lenders are non-bank finance providers (2015: zero). The remaining terms of the on-lender loans in issue range from 1.5 to 8.25 years and interest is charged by the SBCI at 6 month Euribor plus a margin.
The Company assesses at the end of each financial year, whether there is objective evidence that the on-lender loans are impaired (See Note 4.9). Following the impairment assessment of the loans as at 31 December 2016, the Company concluded that no evidence of impairment existed at the reporting date. At the end of the financial year, the Company had €251m (2015: €516m) in undrawn loan commitments.