The Group KD Group and KD Group dd

The Group KD Group Annual Report 2009
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2009
11.5 Investments in loans and other financial receivables
(in EUR) 31. 12. 2009 31. 12. 2008
Loans to individuals
Non-current 5,770,983 526,970
Current 1,065,418 3,070,884
Loans to corporate entities
Non-current 3,077,240 4,585,241
Current 21,796,127 29,979,899
Loans to related parties
Non-current - -
Current 14,594,479 14,038,840
Bank deposits
Non-current 5,899,160 2,946,609
Current 26,281,159 42,969,280
Total loans 78,484,566 98,117,723
Dividend receivables
1,117 2,574
Less: allowance for losses on loans and advances
Non-current (80,846) (100,933)
Current (5,392,621) (233,684)
(5,473,467) (334,617)
Total other loans and receivables 73,012,216 97,785,680
Loans to banks 4,896,696 -
Loans to non-banking clients 14,110,082 -
19,006,778 -
Total 92,018,994 97,785,680
Investments in loans include also investment contracts assets.
Current bank deposits are not accounted for as as cash and cash equivalents, as the insurance undertakings in the Group
recognise these as investments.
Movement in allowance for losses on loans:
(in EUR) 2009 2008
Balance as at 1 January 334,717 1,349,910
Impairment during the year 5,164,971 7,608
Disposal of subsidiaries - (860,052)
Reversal of impairment during the year (26,121) (162,849)
Balance as at 31 December 5,473,467 334,717
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