Annual Report 2012 - Swiss Life

156 Consolidated Financial Statements
Financial assets individually determined as impaired – IMPAIRMENT LOSS ALLOWANCE FOR THE YEAR 2012
In CHF million
Foreign
Impairment
currency
Balance as at losses Write-offs translation Balance as at
1 January recognised and disposals differences end of period
Debt securities
Governments 41 1 –41 0 0
Corporates 75 1 – – 76
Other 493 – –27 – 466
Total 609 2 –68 0 542
Mortgages
Commercial 14 1 – – 14
Residential 1 0 0 0 1
Total 15 0 0 0 15
Other loans and receivables
Policy and other originated loans 7 1 – – 8
Receivables 7 2 –3 0 5
Total 14 2 –3 0 13
Financial assets individually determined as impaired – IMPAIRMENT LOSS ALLOWANCE FOR THE YEAR 2011
In CHF million
Foreign
Impairment
currency
Balance as at losses Write-offs translation Balance as at
1 January recognised and disposals differences end of period
Debt securities
Governments – 56 –15 0 41
Corporates 76 1 –2 0 75
Other 507 1 –15 – 493
Total 583 58 –32 0 609
Mortgages
Commercial 16 –1 – –1 14
Residential 1 0 0 0 1
Total 17 –1 0 –1 15
Other loans and receivables
Policy and other originated loans 7 – – – 7
Receivables 8 2 –3 0 7
Total 15 2 –3 0 14
The criteria used for the assessment of financial assets for impairment are described in note 2.8.
Swiss Life – Annual Report 2012