The Group KD Group and KD Group dd

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The Group KD Group Annual Report 2009 Notes to Consolidated Financial Statements as at and for the year ended 31 December 2009 Credit risk: Impairment of financial assets Assets (in EUR) Neither past due nor impaired Up to 30 days Past due but not impaired 31-90 days 91-270 days More than 271 days Gross value Past due and impaired Individually Collective Impairment Gross value Impairment Total carrying amount 31 December 2009 Debt securities 177,727,625 - - - - - - - - 177,727,625 Loans 80,337,544 - 463,004 - 11,283 335,222 (147,885) 11,046,488 (27,779) 92,017,877 Receivables 34,824,419 2,953,412 357,452 1,748,162 2,317,194 47,565,866 (35,109,703) 34,636,113 (19,508,528) 69,784,387 - insurance receivables 13,476,583 2,730,548 131,399 1,338,207 2,070,055 5,290,140 (4,312,420) 27,901,144 (15,248,464) 33,377,192 - recourse receivables - - - - - 24,403,068 (15,653,623) 5,302,790 (3,338,912) 10,713,323 - other receivables 21,347,836 222,864 226,053 409,955 247,139 17,872,658 (15,143,660) 1,432,179 (921,152) 25,693,872 Reinsurance assets 19,449,008 - - - - - - - - 19,449,008 TOTAL 312,338,596 2,953,412 820,456 1,748,162 2,328,477 47,901,088 (35,257,588) 45,682,601 (19,536,307) 358,978,897 31 December 2008 Debt securities 148,142,905 - - - - - - - - 148,142,905 Loans 84,695,005 2,992,383 1,029,788 8,911,613 154,317 431,757 (431,757) - - 97,783,106 Receivables 40,591,075 2,222,501 2,339,094 1,825,122 1,159,400 19,381,299 (15,772,647) 64,954,003 (33,061,146) 83,638,701 - insurance receivables 14,987,319 257,165 261,441 585,918 40,848 2,093,044 (1,472,304) 32,614,344 (13,657,939) 35,709,836 - recourse receivables - - - - - - - 29,639,895 (17,871,232) 11,768,663 - other receivables 25,603,756 1,965,336 2,077,653 1,239,204 1,118,552 17,288,255 (14,300,343) 2,699,764 (1,531,975) 36,160,202 Reinsurance assets 17,278,319 - - - - - - - - 17,362,703 TOTAL 290,707,304 5,214,884 3,368,882 10,736,735 1,398,101 19,813,056 (16,204,404) 64,954,003 (33,061,146) 346,927,415 The table also includes investments contracts. 132
The Group KD Group Annual Report 2009 Notes to Consolidated Financial Statements as at and for the year ended 31 December 2009 5.2.3 Sensitivity analysis Sensitivity analysis – parameters Methods and assumptions used in preparing the sensitivity analysis for the types of market risks, which the Group is exposed. Sensitivity factor Changes in interest rates Changes in share prices Changes in commissions Description of sensitivity factor applied The impact of a change in market interest rates of ± 50 bp (i.e.: what is the impact on profit and equity if the market interest rate changes by the 50 basis points). A change of ± 50 bp represents a change of more than 1%, according to the change in interest rates in the past year. The impact of changes in market prices of financial assets are reflected in a change in share price, the price of ID-share prices of structured securities and the price of mutual funds at 31 December 2008 of ± 15%. The impact of changes in revenue from commissions from a decrease of investments of 15%. The table below summarises the results of the sensitivity analysis of a change in interest rates, a change in prices of equity securities and changes in the level of commission for the management of which the impact on equity excludes the impact on the profit and loss account. Because of changes in financial markets in the past year, the Group has changed the assumptions of sensitivity analysis to reflect the changes in market conditions. 2009 (in EUR) Impact on profit before tax Impact on equity Change in interest rate by +50 bp (513,171) (3,005,506) Change in interest rate by -50 bp 530,451 3,350,363 +15% change in the price of shares 2,154,583 9,230,139 -15% change in the price of shares (2,154,583) (9,230,139) Change in commissions (investment +15%) 1,627,363 - Change in commissions (investment -15%) (1,627,363) - (in EUR) Impact on profit before tax Impact on equity Change in interest rate by +50 bp (925,475) (6,071,260) Change in interest rate by -50 bp 954,195 6,642,070 2008 +15% change in the price of shares 3,962,174 21,546,416 -15% change in the price of shares (3,962,174) (21,546,416) Change in commissions (investment +15%) 3,602,703 - Change in commissions (investment -15%) (3,602,703) - 133
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