996 - Banca Antonveneta

12.3.2 Personnel pension fund (ex-Banca Nazionale dell’Agricoltura employees)Fund as at 31.12.2006 29,769Increases: 733Interest on cash and cash equivalents 2005 23Income from property (outstanding) 20Interest and profit on bonds and government bonds 690Various creditors -Decreases: 1,750Pensions granted 1,584Contributions paid to un-entitled beneficiaries -Contributions transferred to FAP BAPV and other funds -Settlement of principal due to entitled beneficiaries 53Municipal tax on properties -Substitute tax law no. 335 of 08.08.1995 113Indirect taxation and charges -Consulting fees -Costs for Supervisory Body -Total 28,752Interest accruals on own securities 362Fund as at 31.12.2007 29,114The fund was so investedProperty -Securities 27,120Interest accruals on securities 362Total of invested securities 27,482Various debtors -Various creditors -Cash and cash equivalents at the Institute 1,632Total 29,11412.3.3 Loyalty bonus fundFund as at 31.12.2006 9,409Increases for the period: 885Interest cost 397Service cost 488Decreases for the period: 1,747Pay-offs in 2007 financial year 1,409Actuarial losses 338Fund as at 31.12.2007 8,547The loyalty bonus which is governed by the supplementary company agreements, is a right accruing to employees when they reach the length ofservice which has been set. As this falls under the category of long term services, it is covered by IAS 19 in paragraphs 126-131 and is regulated in asimplified manner compared to the post employment benefits. Despite this major advantage. The loyalty bonus is calculated using the same methodthat is used for defined benefits, through application of the projected unit credit method.12.4 Other provisions for risks and chargesOpeningbalance2007NetUtilizationsNetprovisionsFinal balanceFund for country risk guarantees and commitments 19 - 4 23 19Fund for claw back actions 105,551 16,779 8,131 96,903 105,551Fund for litigation, operational risks and various disputes 94,927 7,178 11,261 99,010 94,927Fund for various future charges 29,311 1,135 73,812 101,988 29,311Total provisions for risks and charges – other provisions 229,808 25,092 93,208 297,924 229,8082006287