Section 8 – Net impairment losses/reversals - Item 130

8.1 Net impairment losses on receivables: breakdown

Items/ returnsImpairment losses (1)Reversals of impairment losses (2)Total 31.12.2016Total 31.12.2015
 SpecificPortfolioSpecificPortfolio  
 Write-offsOthers     
    ABAB  
A. Due from banks---------
- loans---------
- debt securities---------
B. Loans to customers(1)(38,620)(35,938)(1,250)2,47113,0151,1794,261(54,882)(25,273)
Acquired non-performing loans(1)(34,158)(200)-----(34,358)(3,613)
- loans(1)(34,158)(200)X--XX(34,358)(3,613)
- debt securities--X--XX--
Other receivables(4,462)(35,738)(1,250)2,47113,0151,1794,261(20,524)(21,660)
- loans(4,462)(35,738)(1,250)2,47113,0151,1794,261(20,524)(21,660)
- debt securities---------
C. Total(38,620)(35,938)(1,250)2,47113,0151,1794,261(54,882)(25,273)

(1) The data for 2014 were restated as described in the Notes, Part A, Section 2.

Key

A= from interest

B= other reversals

Net impairment losses on receivables referred for 20,3 million Euro to Trade Receivables, 32,6 million Euro to the NPL Area,1,5 million Euro to the Leasing sector, and 0,4 million Euro to Tax Receivables. As for net value adjustments on NPL receivables, they referred to positions for which trigger events occurred, causing the position to become impaired under the adopted measurement model and the relevant accounting policy, as detailed in Contribution of business segments in the Directors’ Report.

The impairment losses and reversals include the ‘time value’ effect deriving from the process of discounting expected future cash flows.

8.2 Net impairment losses on available for sale financial assets: breakdown

Items/ ReturnsImpairment losses (1)Reversals of impairment losses (2)Total 31.12.2016Total 31.12.2015
 SpecificSpecific  
 Write-offsOthersAB  
A. Debt securities------
B. Equity instruments-(4,356)XX(4,356)(8,977)
C. UCITS units--X---
D. Loans to banks------
E. Loans to customers------
F. Total-(4,356)--(4,356)(8,977)

Key

A= from interest

B= other reversals

Net impairment losses on available for sale financial assets referred to impairment losses recognised on unlisted equity instruments that were found to be impaired.

 8.4 Net impairment losses on other financial transactions: breakdown

Items / ReturnsImpairment lossesReversalsTotal 31.12.2016Total 31.12.2015
 SpecificPortfolioSpecificPortfolio  
 Write-offsOthers     
    ABAB  
A. Guarantees granted------55-
B. Credit derivatives---------
C. Loan commitments---------
D. Other transactions---------
E. Total------55-

Key

A= from interest

B= other reversals