ourexpertise - Crédit Agricole CIB

4CONSOLIDATED FINANCIAL STATEMENTS• NOTE 9: RECLASSIFICATIONSCrédit Agricole CIB approachReclassifi cations from « fi nancial assets held for trading » were decided then carried out in accordance with the conditions set out by theamendment to IAS 39 adopted by the European Union on 15 October 2008. They were recorded in their new accounting category at theirfair value on the reclassifi cation date.Reclassification done by Crédit Agricole CIBPursuant to the amendment to IAS 39 published and adopted by the European Union in October 2008, in 2010 Crédit Agricole CIB madereclassifi cations as allowed by the amendment to IAS 39, as it did during the previous years. Information on these reclassifi cations is providedbelow.• Reclassifi cations: type, reason and amountIn 2010, Crédit Agricole CIB reclassifi ed certain fi nancial assets for which its management’s intention changed from « Financial assets at fairvalue through profi t and loss held for trading » to the « Loans and receivables » category. It now intends to hold these fi nancial assets for theforeseeable future and not to sell them in the period.These reclassifi cations, which were made during 2010, relate to syndication transactions.For the assets reclassifi ed in 2010, the table below shows the value at the reclassifi cation date and the value at closing date. It also detailsthe value as at 31 December 2010 for the assets that have been reclassifi ed before 2010 and that are still on the CACIB balance sheet atthe end of 2010:€ millionFinancial assets at fairvalue through profi tand loss reclassifi edinto loans and receivablesTotalreclassified AssetsNet bookvalue at31.12.10Estimatedmarketvalue at31.12.10ReclassificationvalueReclassified Assetsin 2010Net bookvalue at31.12.10Estimatedmarketvalue at31.12.10Reclassified AssetspreviouslyNet bookvalue at31.12.10Estimatedmarketvalue at31.12.10Reclassified AssetspreviouslyNet bookvalue at31.12.09Estimatedmarketvalue at31.12.097,647 7,061 76 76 76 7,571 6,985 8,904 8,097• Change in fair value relating to reclassifi ed assets, taken to profi t and lossThe change in fair value recognised in profi t and loss on assets reclassifi ed in 2010 is shown in the table below.Change in recognised fair valueIn 2010,until the reclassification dateIn 2009Financial assets at fair value through profi t and loss reclassifi ed into loansand receivables- (3)202SHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010