Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 43

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Section 2: Financial Information
Department of Defense Agency Financial Report 2007
55
Direct Loans Obligated
As of September 30
2007
2006 Restated
(amounts in millions)
Direct Loans Obligated Prior to FY 1992
(Allowance for Loss Method):
Foreign Military Loan Liquidating Account
Loans Receivable Gross
$
1,364.2
$
1,629.3
Interest Receivable
1,319.0
1,236.3
Value of Assets Related to Direct Loans, Net
2,683.2
2,865.6
Direct Loans Obligated After FY 1991
(Present Value Method):
Military Housing Privatization Initiative
Loans Receivable Gross
308.0
296.3
Allowance for Subsidy Cost (Present Value)
(95.9)
(104.6)
Value of Assets Related to Direct Loans
212.1
191.7
Foreign Military Financing Account
Loans Receivable Gross
0.0
214.4
Interest Receivable
0.0
3.1
Allowance for Subsidy Cost (Present Value)
92.7
356.0
Value of Assets Related to Direct Loans
92.7
573.5
Military Debt Reduction Financing Account
Loans Receivable Gross
512.1
511.3
Interest Receivable
25.3
14.1
Allowance for Subsidy Cost (Present Value)
(318.4)
(301.1)
Value of Assets Related to Direct Loans
219.0
224.3
Total Direct Loans Receivable
$
3,207.0
$
3,855.1
Abnormal Balances
The abnormal balance in the Allowance for Subsidy Cost for the Foreign Military Financing Account reflects loans prepaid in
FY 2006 and FY 2007. The allowance for subsidy cost was adjusted to reflect the balance due to the U.S. Treasury.
Total Amount of Direct Loans Disbursed
As of September 30
2007
2006 Restated
(amounts in millions)
Direct Loan Programs
Military Housing Privatization Initiative
$
11.9
$
155.0
Foreign Military Financing Account
299.0
274.9
Total
$
310.9
$
429.9

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