5.10 Credit risks - credit quality per class of financial assets CHF 000 Neither past due nor impaired Book value 31.12.<strong>2012</strong> AAA to AA A to BBB BB to C without of impaired external rating loans Due from banks 457,430 836,859 0 1,306,874 1,872 2,603,035 Loans and advances 0 0 0 8,752,834 64,851 8,817,685 Debt instruments 1,815,907 987,483 492 229,385 0 3,033,267 Other assets 10,196 10,569 33 116,739 0 137,537 Derivative financial instruments 9,984 64,612 0 77,460 0 152,056 Subtotal 2,293,517 1,899,523 525 10,483,292 66,723 14,743,580 Contingent liabilities 0 0 0 150,869 0 150,869 Irrevocable commitments 0 0 1,913 22,841 0 24,754 Liabilities for calls on shares and other equit 0 0 0 8,910 0 8,910 Add-ons 12,329 68,412 0 36,041 0 116,782 Total credit risk exposure 2,305,846 1,967,935 2,438 10,701,953 66,723 15,044,895 CHF 000 Neither past due nor impaired Book value 31.12.2011 AAA to AA A to BBB BB to C without of impaired external rating loans Due from banks 200,221 1,195,733 0 1,174,103 1,872 2,571,929 Loans and advances 0 0 0 9,931,765 271 9,932,036 Debt instruments 2,168,782 662,861 980 268,066 0 3,100,689 Other assets 13,573 8,173 4 117,028 0 138,778 Derivative financial instruments 23,219 65,738 0 439,708 0 528,665 Subtotal 2,405,795 1,932,505 984 11,930,670 2,143 16,272,097 Contingent liabilities 0 0 0 462,011 0 462,011 Irrevocable commitments 0 0 0 18,751 0 18,751 Liabilities for calls on shares and other equit 0 0 0 8,923 0 8,923 Add-ons 21,631 34,044 0 53,000 0 108,675 Total credit risk exposure 2,427,426 1,966,549 984 12,473,355 2,143 16,870,457 Amounts due from clients are allocated to the rating category "without external rating" or to non-performing loans (past due or impaired). A loan is to be qualified as non-performing as soon as interest payments remain outstanding for more than 90 days and/or evidence exists to suggest that loan repayment could be in je Indicators of a threat to loan repayment can include: - Outstanding capital repayments - Outstanding interest payments - Credit limit overrun for more than 90 days - Probable longer-term suspension in the trading of a security, where this suspension calls the valuation of the security into question - Negative operating performance figures in respect of liquidity, profitability and/or internal financing level in the case of unlisted securities - Failure to honour agreements in the case of unsecured loans - Where applicable, qualitative indicators such as client reputation The calculation of equity required by Basel II rules on capital adequacy are based on the long-term ratings of the credit rating agencies Moody’s and Standard & Poor’s. <strong>Bank</strong> <strong>Sarasin</strong> & Co. Ltd, <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong> | 78
5.11 Credit risks: aging analysis of past due but not impaired loans per class of financial assets The table shows the assets that are overdue but not impaired on the reporting date. CHF 000 less than 31 to 61 to more than 31.12.<strong>2012</strong> 30 days 60 days 90 days 91 days Due from banks 0 0 0 1,872 1,872 Loans and advances 0 0 0 64,851 64,851 Mortgages 0 0 0 0 0 Due from customers 0 0 0 64,851 64,851 Total 0 0 0 66,723 66,723 CHF 000 less than 31 to 61 to more than 31.12.2011 30 days 60 days 90 days 91 days Due from banks 0 0 0 1,872 1,872 Loans and advances 0 0 0 271 271 Mortgages 0 0 0 0 0 Due from customers 0 0 0 271 271 Total 0 0 0 2,143 2,143 As at 31.12.<strong>2012</strong>, there are no financial investments that are overdue or impaired and whose conditions have been renegotiated. <strong>Bank</strong> <strong>Sarasin</strong> & Co. Ltd, <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong> | 79