UBI Banca Group

8.2 Net impairment losses on available-for-sale financial assets: composition
Impairment losses (1)
Reversals of impairment losses (2)
Transactions/Components of income
S pecific
Write-offs Other of interest
Specific
other reversals of
impairment losses
2011 2010
A. Debt instruments - (373) - - (373) (474)
B. Equity instruments - (119,733) X X (119,733) (40,240)
C. Units in O.I.C.R.
(collective investment instruments). - (8,076) X - (8,076) (1,650)
D. Loans to banks - - - - - -
E. Loans to customers - - - - - -
Total - (128,182) - - (128,182) (42,364)
The main impairment losses on equity instruments related to Banca Intesa Sanpaolo Spa, for which the valuation on 31 st December 2011
resulted in recognition of impairment amounting to €112.5 million (€36.8 million as at 31/12/2010). An impairment loss was also recognised on
the investment in A2A Spa amounting to €3.3 million (€2.7 million as at 31/12/2010).
Impairment losses on units held in OICRs (collective investment instruments) included those relating to the following: the Polis fund (Portfolio F.
Property C.) amounting to €4.3 million; the Emerald Fund Trust amounting to €0.7 million; and the TL COM fund amounting to €0.7 million.
Impairment losses of €1.6 million had already been recognised on this last item in the previous year. These impairment losses, the result of the
adoption of a policy for the impairment testing of available-for-sale financial assets reported in part A.2 of the notes to the consolidated financial
statements, was performed in relation to the continued lower value of the units with respect to the historical cost of purchase.
8.3 Net impairment losses on held-to-maturity investments: composition
This type of item is not present for the UBI Group.
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