Group	Note	NARL €'000	NAMA Group (excluding NARL) €'000	2013 NAMA Group €'000	2012 NAMA Group €'000
Loans and receivables carrying value before impairment		11,715,589	23,723,370	35,438,959	26,039,684
Less: provision for impairment charges on loans and receivables	12	-	(4,125,260)	(4,125,260)	(3,263,422)
Total loans and receivables		11,715,589	19,598,110	31,313,699	22,776,262

The above table reflects the carrying value of the loans acquired from the Participating Institutions, taking into account the amount the Group acquired the loans for (which was at a discount to the contractual amounts owed under the loan agreements), and loan movements since acquisition, less any additional impairment deemed to have occurred subsequent to acquisition.

With the establishment of NARL, NAMA acquired a loan facility deed and floating charge over certain IBRC assets which were used as collateral by IBRC as part of its funding arrangements with the Central Bank of Ireland (CBI). As at 31 December 2013, NARL had received repayments of principal and interest of €1.4bn of the loan facility deed. Up to April 2014, NARL had received a further €3.2bn in principal and interest repayments from the joint Special Liquidators, leaving a balance of €8.5bn on the NARL loan facility deed and floating charge.

The following table summarises the movement in loans and receivables since acquisition.

Reconciliation of movement in loans and receivables	Note	2013 €'000	2012 €'000
Loans acquired – opening balance		26,039,684	28,358,655
New loans issued / acquired
– NAMA		19,424	18,511
– NARL		12,928,345	-
Loan movements
Loan acquisition adjustments
Valuation adjustments on completion of due diligence	20.2	-	(32,058)
AIB Tranche 9 partial settlement	16	-	(511)
Value to transfer date loan cash settlements	20.3	-	(85,356)
Total loan acquisition adjustments		-	(117,925)
Receipts from and payments to borrowers
NAMA
Non-disposal income	20.4	(792,230)	(1,210,258)
Proceeds from the sale of collateral as security against loans and receivables and other loan repayments	20.5	(3,146,290)	(2,504,320)
Proceeds from the sale of loans		(293,695)	(461,780)
Funds in the course of collection		(51,377)	-
Deferred consideration on sale of loans	20.6	(10,986)	(3,568)
Funds advanced to borrowers		664,952	308,409
NARL
Repayment of loan facility deed by joint Special Liquidators		(1,225,000)	-
Interest earned on loan facility deed	5	201,291	-
Interest received on loan facility deed		(189,047)	-
Total receipts from and payments to borrowers		(4,842,382)	(3,871,517)
Other loan movements
Loan interest income earned	5	1,058,032	1,221,862
Overdraft accounts	20.7	(11,282)	37,975
(Loss)/profit recognised on sale of loans	9	(29,386)	15,139
Surplus income	9	530,838	172,374
Foreign exchange movement on loans and receivables	11	(193,043)	216,051
Other		(61,271)	(11,441)
Total other loan movements		1,293,888	1,651,960
Total loan movements		(3,548,494)	(2,337,482)
Loans and receivables pre impairment
Loans and receivables - NAMA		23,723,370	26,039,684
Loan facility deed - NARL	20.1	11,715,589	-
Total loans and receivables pre impairment		35,438,959	26,039,684
Impairment of loans and receivables	12	(4,125,260)	(3,263,422)
Net loans and receivables after impairment		31,313,699	22,776,262

The net post impairment movement in the loan balance in the year is €8.5bn (2012: €2.8bn). The total cumulative impairment provision at 31 December 2013 is €4.1bn (2012: €3.3bn).

Loan movements occurring in the year are €3.5bn (2012: €2.3bn), which includes €3.5bn (2012: €3bn) of cash receipts from debtors, generated from the sale of loans and properties and non-disposal income of €0.79bn (excluding NARL) (2012: €1.2bn).

Funds advanced to debtors for working and development capital was €0.3bn (2012: €0.3bn). Loan interest income of €1.1bn (2012: €1.2bn) was earned in the year. Further information on certain loan movements are provided below.

20.1 Loan facility deed - NARL

With the establishment of NARL, NAMA acquired a loan facility deed and floating charge over certain IBRC assets which were used as collateral by IBRC as part of its funding arrangements with the Central Bank of Ireland. As at 31 December 2013, NARL has received €1.4bn of principal and interest repayments from the joint Special Liquidators of the loan facility deed.

20.2 Additional loan adjustments following the completion of due diligence in the year

Any adjustments arising on the completion of due diligence on assets transferred are recognised in the statement of financial position as an adjustment to the carrying value of loans and receivables and through the issuance or cancellation of NAMA senior and subordinated debt securities. All loan acquisition due diligence was completed in 2012. There were no further due diligence adjustments in 2013.

20.3 Value to transfer date loan cash settlements

Net value-to-transfer date loan cash settlements received in 2013 were €nil (2012: €85m). This amount represents net movements that occurred on loans acquired by NAMA in the period between the loan valuation date and acquisition date.

20.4 Non-disposal income

Non-disposal income receipts in 2013 were €0.79bn (2012: €1.2bn). This amount comprises primarily rental income received during the year. Prior period disposal receipts and non-disposal income receipts have been restated to reflect enhanced information available to NAMA on the classification of receipts as disposal or non disposal (2012: €244m, inception to date €368m). This is a classification change only within total cash receipts.

20.5 Proceeds from the sale of collateral as security against loans and receivables

Proceeds from the sale of collateral as security against loans and receivables of €3.2bn (2012: €2.5bn) represents any receipts relating to the disposal of assets or as a reduction in the debt held by NAMA.

20.6 Deferred consideration received on sale of loans

NAMA disposes of certain loan assets to third parties. The contractual sales price includes any deferred consideration where NAMA has contractual right to receive any deferred cash flow in accordance with IAS 32.

20.7 Overdraft accounts

Participating Institutions continue to fund debtor overdraft accounts and collect cash repayments on these accounts on NAMA's behalf. During the year, the net amount due to NAMA in respect of unsettled overdrafts increased by €11m (2012: reduction of €47m). The movement is recognised as an €11m decrease in loans and receivables (2012: increase of €38m).