996 - Banca Antonveneta

Section 3Financial assets designated at fair value - Entry 303.1 Financial assets designated at fair value: breakdown by productEntry/ValueBankinggroupInsurancecompaniesListed Unlisted Listed Unlisted Listed UnlistedOthercompanies 31.12.2007 31.12.20061. Debt securities 134,013 134,013 303,7701.1 Structured securities 49,678 49,678 115,8361.2 Other debt securities 84,335 84,335 187,9342. Capital notes 46,166 46,166 117,0703. Interests in collective investment undertakings4. Loans4.1 Structured4.2 Other5. Impaired assets6. Assets sold and not written offTotal 180,179 180,179 420,840Cost 180,179 180,179 473,053The other unlisted debt titles as at 31 December 2007 refer to Junior titles issued by the vehicles Giotto Finance and Giotto Finance 2.Each beforementioned Junior title’s fair value is estimated as current value:- of the expected cash flows deriving from the underlying secularization; i.e., substantially from the net provided refunds, for capital and interests andaccording to their proper time deadline, of the underlying loans and the receipts of the liquidity stocks;- of the expected cash flows for the same operation, and according to its proper time deadline, to pay administrative expenses (management expenses,legal expenses, etc.) and to refund (capital line and interest line) all issued title different from the Junior ones.The listed capital titles represent the amount held in HOPA SpA valued at 0,70 € per share.81