UBI Banca Group
UBI Banca Group
UBI Banca Group
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12.3 Property, equipment and investment property used in operations: annual changes<br />
Land Buildings Furnishings<br />
Electronic<br />
equipment<br />
Other<br />
Total<br />
A. Gross opening balances 1,026,280 1,403,926 200,891 416,108 382,371 3,429,576<br />
A.1 Total net reductions in value (119,861) (567,431) (150,295) (353,349) (303,018) (1,493,954)<br />
A.2 Net opening balances 906,419 836,495 50,596 62,759 79,353 1,935,622<br />
B. Increases 1,771 10,148 4,925 24,220 16,337 57,401<br />
B.1 Pu rchases 8 3,920 4,825 23,940 16,235 48,928<br />
B.2 Capitalised improvement expenses - 4,060 - - - 4,060<br />
B.3 Reversal of impairment losses - - - - - -<br />
B.4 Positive changes in fair value recognised in: - - - - - -<br />
a) equity - - - - - -<br />
b) income statement - - - - - -<br />
B.5 Positive exchange rate differences - - - - - -<br />
B.6 Transfers from properties held for investment 1 23 - - - 24<br />
B.7 Other changes 1,762 2,145 100 280 102 4,389<br />
- business combinations - - - - - -<br />
- other changes 1,762 2,145 100 280 102 4,389<br />
C. Decreases (11,752) (53,419) (10,256) (30,070) (24,511) (130,008)<br />
C.1 Sales (2,650) (2,566) (55) (40) (93) (5,404)<br />
C.2 Depreciation - (42,895) (9,870) (29,663) (24,015) (106,443)<br />
C.3 Impairment losses recognised in: - - - - - -<br />
a) equity - - - - - -<br />
b) income statement - - - - - -<br />
C.4 Negative changes in fair value - - - - - -<br />
a) equity - - - - - -<br />
b) income statement - - - - - -<br />
C.5 Negative exchange rate differences - - - - - -<br />
C.6 Transfers to: (8,739) (7,694) - - - (16,433)<br />
a) tangible assets held for investment (5,102) (4,408) - - - (9,510)<br />
b) assets held for sale (3,637) (3,286) - - - (6,923)<br />
C.7 Other changes (363) (264) (331) (367) (403) (1,728)<br />
- business combinations - - - - - -<br />
- other changes (363) (264) (331) (367) (403) (1,728)<br />
D. Final net balances 896,438 793,224 45,265 56,909 71,179 1,863,015<br />
D.1 Total net reductions in value (17,904) (481,050) (104,650) (304,351) (215,511) (1,123,466)<br />
D.2 Final gross balances 914,342 1,274,274 149,915 361,260 286,690 2,986,481<br />
12.4 Annual changes in tangible assets held for investment<br />
Total<br />
Land<br />
Buildings<br />
A. Opening balances 103,864 73,178<br />
B. Increases 9,121 6,230<br />
B.1 Purchases 64 -<br />
B.2 Capitalised improvement expenses - 107<br />
B.3 Positive changes in fair value - -<br />
B.4 Reversals of impairment losses - -<br />
B.5 Positive exchange rate differences 5,102 4,408<br />
B.6 Transfers from properties used in operations 3,955 1,715<br />
B.7 Other changes - -<br />
C. Decreases (3,142) (6,731)<br />
C.1 Sales (2,126) (2,132)<br />
C.2 Depreciation - (4,445)<br />
C.3 Negative changes in fair value - -<br />
C.4 Impairment losses - -<br />
C.5 Negative exchange rate differences - -<br />
C.6 Transfers to other asset portfolios (1) (23)<br />
a) properties for use in operations - -<br />
b) non current assets held for disposal -<br />
C.7 Other changes (1,015) (131)<br />
D. Final balances 109,843 72,677<br />
E. F air value 138,125 131,096<br />
Since land and buildings are recognised at cost, the Parent arranged for expert external<br />
appraisers to estimate the fair value of all property assets for the purposes of the annual<br />
impairment test on the carrying amounts.<br />
The estimate was based on generally accepted valuation principles, by applying the following<br />
valuation criteria:<br />
the direct comparative or market method, based on a comparison between the asset in<br />
question and other similar assets subject to sale or currently on sale on the same market<br />
or competing markets;<br />
the income method, based on the present value of potential market incomes for a property,<br />
obtained by capitalising the income at a market rate.<br />
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