UBI Banca Group

12.3 Property, equipment and investment property used in operations: annual changes
Land Buildings Furnishings
Electronic
equipment
Other
Total
A. Gross opening balances 1,026,280 1,403,926 200,891 416,108 382,371 3,429,576
A.1 Total net reductions in value (119,861) (567,431) (150,295) (353,349) (303,018) (1,493,954)
A.2 Net opening balances 906,419 836,495 50,596 62,759 79,353 1,935,622
B. Increases 1,771 10,148 4,925 24,220 16,337 57,401
B.1 Pu rchases 8 3,920 4,825 23,940 16,235 48,928
B.2 Capitalised improvement expenses - 4,060 - - - 4,060
B.3 Reversal of impairment losses - - - - - -
B.4 Positive changes in fair value recognised in: - - - - - -
a) equity - - - - - -
b) income statement - - - - - -
B.5 Positive exchange rate differences - - - - - -
B.6 Transfers from properties held for investment 1 23 - - - 24
B.7 Other changes 1,762 2,145 100 280 102 4,389
- business combinations - - - - - -
- other changes 1,762 2,145 100 280 102 4,389
C. Decreases (11,752) (53,419) (10,256) (30,070) (24,511) (130,008)
C.1 Sales (2,650) (2,566) (55) (40) (93) (5,404)
C.2 Depreciation - (42,895) (9,870) (29,663) (24,015) (106,443)
C.3 Impairment losses recognised in: - - - - - -
a) equity - - - - - -
b) income statement - - - - - -
C.4 Negative changes in fair value - - - - - -
a) equity - - - - - -
b) income statement - - - - - -
C.5 Negative exchange rate differences - - - - - -
C.6 Transfers to: (8,739) (7,694) - - - (16,433)
a) tangible assets held for investment (5,102) (4,408) - - - (9,510)
b) assets held for sale (3,637) (3,286) - - - (6,923)
C.7 Other changes (363) (264) (331) (367) (403) (1,728)
- business combinations - - - - - -
- other changes (363) (264) (331) (367) (403) (1,728)
D. Final net balances 896,438 793,224 45,265 56,909 71,179 1,863,015
D.1 Total net reductions in value (17,904) (481,050) (104,650) (304,351) (215,511) (1,123,466)
D.2 Final gross balances 914,342 1,274,274 149,915 361,260 286,690 2,986,481
12.4 Annual changes in tangible assets held for investment
Total
Land
Buildings
A. Opening balances 103,864 73,178
B. Increases 9,121 6,230
B.1 Purchases 64 -
B.2 Capitalised improvement expenses - 107
B.3 Positive changes in fair value - -
B.4 Reversals of impairment losses - -
B.5 Positive exchange rate differences 5,102 4,408
B.6 Transfers from properties used in operations 3,955 1,715
B.7 Other changes - -
C. Decreases (3,142) (6,731)
C.1 Sales (2,126) (2,132)
C.2 Depreciation - (4,445)
C.3 Negative changes in fair value - -
C.4 Impairment losses - -
C.5 Negative exchange rate differences - -
C.6 Transfers to other asset portfolios (1) (23)
a) properties for use in operations - -
b) non current assets held for disposal -
C.7 Other changes (1,015) (131)
D. Final balances 109,843 72,677
E. F air value 138,125 131,096
Since land and buildings are recognised at cost, the Parent arranged for expert external
appraisers to estimate the fair value of all property assets for the purposes of the annual
impairment test on the carrying amounts.
The estimate was based on generally accepted valuation principles, by applying the following
valuation criteria:
the direct comparative or market method, based on a comparison between the asset in
question and other similar assets subject to sale or currently on sale on the same market
or competing markets;
the income method, based on the present value of potential market incomes for a property,
obtained by capitalising the income at a market rate.
299