Prospectus - Notowania

11
>> Consolidated Interim Report
The following table gives face value, carrying value and fair value at September 30, 2009 by category of reclassified asset as
well as the capital loss, gross of the tax effect, which would have been recognized had the reclassification not been made.
Reclassified Financial Assets (millions of €)
AMOUNTS AS AT 30.09.2009
NOMINAL AMOUNT CARRYING
AMOUNT
FAIR VALUE
Financial assets reclassified from category "Held for Trading" to "Loans and
Receivables": 22,456 21,468 19,877 549 -1,530
- Structured credit products 8,470 7,761 6,156 -147 -1,489
- Other debt securities 5,596 5,323 5,291 572 -165
- Other debt securities reclassified in first half 2009 8,390 8,384 8,430 124 124
Financial assets reclassified from category "Held for Trading" to "Held to
Maturity" 133 147 139 1 -3
Financial assets reclassified from category "Available for Sale" to "Loans and
Receivables" 775 757 743 -10 (*) -10 (*)
- Other debt securities reclassified in 2008 577 584 579 -2 -2
- Structured credit products reclassified in first half 2009 198 173 164 -8 -8
TOTAL 23,364 22,372 20,759 540 -1,543
- of which Financial assets reclassified in first half 2009 8,588 8,557 8,594 116 116
(*) amount pertaining to revaluation reserve instead of Profit and Loss.
FAIR VALUE
GAINS/LOSSES NOT
RECOGNIZED IN 2009
DUE TO
RECLASSIFICATION
(PRE-TAX)
TOTAL FAIR VALUE
GAINS/LOSSES NOT
RECOGNIZED DUE TO
RECLASSIFICATION
(PRE-TAX)
The application of the amortized cost method to these assets, adjusted where necessary to take into account the credit risk
assessment, also involved the recognition of interest receivable amounting to €212 million and write-downs amounting to €44
million in the first nine months of 2009.
Consequently, taking the above amounts into account, the overall pre-tax effect on profit at September 30, 2009 would have
been a gain of €383 million had the reclassification not been made.
These effects, aggregated as at the date of reclassification, would have been €365 million in interest receivable (of which €1
million referred to assets previously available for sale), €129 million in write-downs and €62 million in recognized gains on
disposal, and thus the overall pre-tax effect on profit would have been a loss of €1,769 million had the reclassification not
been made.