Prospectus - Notowania

assets:
Total 21,444 21,967 21,392 10,734 -2.4% 2.7% 99.3%
(in millions of €) % Change
Intangible assets:
breakdown by type of
asset - limited duration 09.30.2009 12.31.2008 12.31.2007 12.31.2006 2009/2008 2008/2007 2007/2006
A.1 Goodwill - - - - n.a n.a. n.a.
A.2 Other Intangible
assets: 4,196 4,515 4,879 2,602 -7.1% -7.5% 87.5%
Total 4,196 4,515 4,879 2,602 -7.1% -7.5% 87.5%
Intangible assets with unlimited duration include the goodwill recorded as a result of
acquisitions and business combinations completed over the years (particularly the
combinations with HVB and with Capitalia, respectively in 2005 and in 2007), in
addition to the brands, included among the other intangible assets, also recorded
within the scope of said combinations.
The set of intangible assets as at September 30, 2009 is substantially in line with the
balances recorded as at December 31, 2008, because during the first nine months of
the year no value adjustments were recorded to the goodwill values that constitute
79% of the total of the item. The changes related to the goodwill values that took
place in the period pertain to exchange difference (€465 million) and sales (€45
million).
The increase recorded in 2008 is mainly due to the acquisition of Ukrsotsbank (€1.3
billion), to the squeeze-out (“acquisition of minority shares”) of HVB and BA (€0.8
billion), in addition to other minor changes, net of the permanent impairment of €750
million related to JSC Ukrsotsbank and to ATF.
An assessment made by a leading consultancy company confirmed the value of the
main trademarks recorded among the other intangible assets with unlimited duration
as at September 30, 2009.
Intangible assets with limited duration comprise mainly the client relationships, also
recorded as a result of the aforesaid business combinations, within the scope of the
fair value assessment of the acquired assets. The reductions recorded in recent years
and the reductions of the first nine months of 2009 are due to the depreciation of said
amounts on the basis of the useful life determined at the time they were recorded.
For additional details on intangible assets, see Section One, Chapter 5, Paragraph 5.2
of the Prospectus.
Provisions for risks and charges
(millions of €) % Change
Provisions for risks and
charges: breakdown 09.30.2009 12.31.2008 12.31.2007 12.31.2006 2009/2008 2008/2007 2007/2006
1. Company pension
funds 4,579 4,553 4,839 4,082 0.6% -5.91% 18.54%
2. Other provisions for
risks and charges 3,596 3,496 4,266 2,790 2.9% -18.05% 52.90%
2.1 Litigation 1,317 1,273 1,641 638 3.5% -22.43% 157.21%
2.2 Staff expenses 99 128 230 160 -22.7% -44.35% 43.75%
2.3 Other 2,180 2,095 2,395 1,992 4.1% -12.53% 20.23%
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