2007 Annual Report - Sun Life Financial

9. LOANS AND RECEIVABLES
Bond
Loans and receivables pertain to amortized costs of corporate loans which bear an average annual
interest of 10.58% and 13.88% in 2007 and 2006, respectively, with maturity ranging from two (2) to six
(6) years.
Balanced
Loans and receivables pertain to amortized costs of corporate loans which bear an average annual
interest of 11.42% and 12.04% in 2007 and 2006, respectively, with maturity ranging from two (2) to
four (4) years.
The movements in loans and receivables are summarized as follows:
Bond Fund Balanced Fund
2007 2006 2007 2006
Philippine Peso Philippine Peso Philippine Peso Philippine Peso
Balance at beginning of the year P1,218,613,087 P 524,240,000 P37,200,000 P12,880,000
Additions (net of maturities during the year) - 695,413,087 - 25,000,000
Pre-termination (123,076,923) - (5,000,000) -
Amortization of principal (17,132,167) (1,040,000) (880,000) (680,000)
Balance at end of the year P1,078,403,997 P1,218,613,087 P31,320,000 P37,200,000
The following presents the breakdown by contractual maturity dates on Bond Fund:
2007 2006
Philippine Peso Philippine Peso
Due after one year through five years P 878,403,997 P 813,613,087
Due after five years through ten years 200,000,000 405,000,000
10. hELD-tO-MAtURIty INVEStMENtS
P1,078,403,997 P1,218,613,087
Held-to-maturity investments pertain to the amortized cost of treasury notes which bear annual coupon
rates of 11.375% and 14% in 2007 and 2006, respectively, and with remaining maturity of three (3)
and seven (7) months as of December 31, 2007 and 2006, respectively.
The movements in held-to-maturity investments are summarized as follows:
Money Market
2007 2006
Philippine Peso Philippine Peso
Balance, beginning P61,984,512 P39,465,769
Additions 52,803,447 61,984,512
Maturities (64,094,047) (39,465,769)
Balance, end P50,693,912 P61,984,512
2007 Annual Report 47