UBI Banca Group

A.3.2.1 Accounting portfolios: distribution by fair value level
Financial assets/liabilities measured at fair value
31.12.2011 31.12.2010
Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
1. Financial assets held for trading 2,149,230 635,890 87,297 2,038,701 584,841 109,209
2. Financial assets at fair value 104,846 - 21,328 116,208 - 31,078
3. Available-for-sale financial assets 6,911,316 1,029,653 98,740 8,874,363 1,296,198 82,058
4. Hedging derivatives - 1,090,498 - - 591,127 -
Total 9,165,392 2,756,041 207,365 11,029,272 2,472,166 222,345
1. Financial liabilities held for trading 438,088 625,585 - 410,453 543,970 -
2. Financial liabilities at fair value - - - - - -
3. Hedging derivatives - 1,739,685 - - 1,228,056 -
Total 438,088 2,365,270 - 410,453 1,772,026 -
A.3.2.2 Annual changes in financial assets recognised at fair value (Level 3)
FINANCIAL ASSETS
held fo r trading
meas ured at fair
value
available-for-sale hedges
1. Opening balances 109,209 31,078 82,058 -
2. Increases 9,587 1,776 34,249 -
2.1. Purchases 2,276 - - -
2.2. Profits recognised in:
2.2.1. Income statement 4,395 1,290 - -
- of which gains 4,369 752 - -
2.2.2. Equity X X 1,172 -
2.3. Transfers from other levels 311 - 30,944 -
2.4. Other increases 2,605 486 2,133 -
3. Decreases (31,499) (11,526) (17,567) -
3.1.Sales (11,609) - (3 ,004) -
3.2. Redemptions (5,893) (4,790) (124) -
3.3. Losses recognised in:
3.3.1. Income statement (13,610) (6,736) (1 ,812) -
- of which losses (13,610) (6,628) (1 ,812) -
3.3.2. Equity X X (644) -
3.4. Transfers to other levels - - (11 ,856) -
3.5. Other decreases (387) - (127) -
4. Closing balances 87,297 21,328 98,740 -
Within the increases, item 2.3 “transfers from other levels” includes the investment in ICBPI
Istituto Centrale Banche Popolari (available-for-sale financial assets) transferred to level 3 in
compliance with the methodology described in point A.3.3. The relative accrued interest is
included in item 2.4 “other increases”.
Within the decreases, item 3.4 “transfers to other levels” relates mainly to equity investments
in Siteba SpA amounting to €1.5 million and in SSB amounting to €9.8 million.
Losses recognised in the income statement include €12.2 million relating to Medinvest
International Sca.
A.3.2.2 Annual changes in financial liabilities recognised at fair value (level 3)
No financial liabilities recognised at fair value level 3 exist in the UBI Group.
282