consolidated annual report - Gruppo Banca Sella

SECTION 5
WRITE-DOWNS, WRITE-UPS AND PROVISIONS
Caption 90 “Write-downs to tangible and intangible fixed assets”. Composing items
2004 2003
a) Intangible fixed assets 16.440 16.585
b) Tangible fixed assets: 16.522 18.381
Property 2.538 2.513
Furniture and installations 13.984 15.868
c) Goodwill arising on consolidation and on application of the equity method 12.071 23.007
Total 45.033 57.973
For the companies belonging to the French subgroup (International Capital Holding, International Capital Bourse and International Capital Gestion) it was deemed to accelerate the
amortization process of goodwill paid on acquisition, so as to adjust it to current value, therefore involving total write-downs for € 4,2 million.
Caption 100 “Provisions for risk and charges.” Composing items
2004 2003
Engagement towards the Deposit Guarantee Scheme 601 469
Charges related to disputes with bankrupt companies 816 635
Fluctuation of securities portfolio 1.150 771
Risks related to Sella Bank Luxembourg activity 1.641 10.382
Reimbursement of benefits deriving from law by decree 153/99 1.511 -
Other charges 4.358 2.158
Total 10.077 14.415
Caption 120 “Write-downs to loans and provisions for guarantees and commitments”. Composing items
2004 2003
a) Write-downs to loans 52.693 39.066
of which:
- general write-downs for country risk - -
- other general write-downs 1.349 920
b) Provisions for guarantees and commitments - -
of which:
- general provisions for country risk - -
- other general provisions - -
Total 52.693 39.066
The item “other general write-downs” includes € 1,3 million of provisions made by the subsidiary Consel S.p.A. related to ordinary consumer credit activity.
Caption 130 “Write-ups to loans and provisions for guarantees and commitments”. Composing items
2004 2003
a) Write-ups to loans (1) 9.341 9.024
b) Provisions for guarantees and commitments - -
Total 9.341 9.024
(1) of which:
interest collected on non-performing loans 820 798
recovery of non-performing loans previously written down 8.521 8.226
9.341 9.024
Consolidated annual report 2004 - 269