Prospectus - Notowania

179
>> Condensed Consolidated Financial Statements
Part E) – Information on risks and related risk management policies
The transactions included under “Assets sold and derecognized” are those in which the Group, while retaining most of the risk
and return of the underlying receivables, nevertheless derecognized them because the transaction was prior to January 1 st ,
2002. On first adoption of IFRS the option permitted by IFRS 1 that allows assets sold before January, 1 st 2004 not to be
rerecognized, regardless of the amount of risk and return retained, was taken.
The balance sheet exposure of assets sold but not derecognized includes traditional securitizations for an amount of
€36,522,297 thousand, where the Group has purchased all liabilities issued by the vehicle companies (so called “self-
securitizations”).
However, assessment and monitoring of risk underlying securitizations are performed with regard not to exposure to the SPV
but rather to the sold receivables, which are monitored continuously by means of Interim reports showing status of the
receivables and repayment performance.
The following tables give a breakdown of the Group’s retained (i.e., non-derecognized) receivables by region and asset
quality, and by traditional and synthetic securitizations.
Securitized assets broken down by geographical area
Assets sold but not derecognized
Italy Germany Austria Other EU Countries
Others European
Countries (NON EU)
America Asia Rest of the world Total
- Residential mortgage loans 35,605,951 7,098,836 - - - - - - 42,704,787
- Commercial mortgage loans - 1,223,699 4,937 136 - - - - 1,228,772
- Leasing 10,931,765 - - 352,996 - - - - 11,284,761
- Credit cards - - - - - - - - -
- Consumer loans - - - - - - - - -
- SME loans - 921,948 1,050 31,762 - - - - 954,760
- Corporate loans - 560,075 71,000 101,884 - - - - 732,959
- State related entities loans - - - - - - - - -
- Securities - - - - - - - - -
- Others 7,954 5,945,601 19,419 - 123,115 - - - 6,096,089
Total 46,545,670 15,750,159 96,406 486,778 123,115 - - - 63,002,128
Securitized assets broken down by geographical area
Synthetic transactions
Italy Germany Austria Other EU Countries
Amounts as at 30.9.2009
Amounts as at 30.9.2009
Others European
Countries (NON EU)
America Asia Rest of the world Total
- Residential mortgage loans 84 13,570,796 3,013 96,174 - 233 112 181 13,670,593
- Commercial mortgage loans - 2,854,188 7,682 133,086 - - - 2,480 2,997,436
- Leasing - - - - - - - - -
- Credit cards - - - - - - - - -
- Consumer loans - - - - - - - - -
- SME loans 2,685,381 4,326,025 1,923,731 102,113 - 22,728 9,568 37,159 9,106,705
- Corporate loans 700,389 1,415,118 3,840,777 5,467,788 671,457 1,401,518 482,851 1,723,099 15,702,997
- State related entities loans - - - - - - - - -
- Securities - - - - - - - - -
- Others 113,587 2,128,005 66,192 3,680,110 - 476,864 1,456,574 906,226 8,827,558
Total 3,499,441 24,294,132 5,841,395 9,479,271 671,457 1,901,343 1,949,105 2,669,145 50,305,289
(€ thousand)
(€ thousand)