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Loans to individuals are impaired as a group of assets.<br />
Fair value of collateral includes:<br />
• state guarantees,<br />
• SID bank’s insurance policies,<br />
• banks deposits pledged, financial instruments pledged, the Bank shares pledged,<br />
• guarantees received from banks, legal and individual persons,<br />
• accretion to obligations,<br />
• mortgages and other pledged property.<br />
Fair value of collateral equals:<br />
• the market or assessed value (the model) of financial assets held as collateral,<br />
• the value of loans outstanding for accretion to obligations held as collateral,<br />
• 100% of the value of insurance company guarantees, bank guarantees, state and municipal<br />
guarantees,<br />
• values of resential real estate and values of commercial real estate equal market values of<br />
comparable real estate sales levels.<br />
4.1.4. Concentration of risks of financial assets with credit risk exposure<br />
(a) Geographical sectors<br />
The following table breaks down the Bank’s main credit exposure at their carrying amounts, as<br />
categorised by geographical region as at 31 December 2011. For this table, the Bank has allocated<br />
exposures to regions based on the country of domicile of our counterparties.<br />
(in thousands of EUR) Slovenia Other European Other Total<br />
union countries countries<br />
Financial assets held for trading – debt securities<br />
Financial assets designated at fair value<br />
28,739 - 217 28,956<br />
through profit or loss - 17,388 37,644 55,032<br />
Available-for-sale financial assets – debt securities 292,072 135,120 11,966 439,158<br />
Loans and receivables to banks<br />
Loans and receivables to customers<br />
Corporates and other entities<br />
21,451 209 3,734 25,394<br />
Corporates 755,605 - 36,204 791,809<br />
Small and medium enterprises (SME)<br />
Individual clients<br />
297,632 18,185 19,225 335,042<br />
Overdrafts 16,728 2 18 16,748<br />
Housing loans 53,414 - - 53,414<br />
Consumer and other loans 48,292 25 46 48,363<br />
Other assets 5,009 2 7 5,018<br />
As at 31 December 2011 1,518,942 170,931 109,061 1,798,934<br />
As at 31 December 2010 1,572,886 170,830 116,545 1,860,261<br />
The Bank operates principally in Slovenia. Transactions with other countries are principally in the<br />
form of investments in debt securities.<br />
80<br />
<strong>Gorenjska</strong> <strong>banka</strong>, d. d., Kranj<br />
<strong>Annual</strong> <strong>Report</strong> 2011<br />
Financial <strong>Report</strong>
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