2005 Annual Report - Banque PSA Finance

(3) The Banque PSA Finance group implemented three securitization programs through the Auto ABS special purpose entity, created in June
2001.
- On June 28, 2001, two Crédipar subsidiaries, Din and Sofi, merged with Crédipar since January 2002, sold €1 billion worth of automobile loans
to the 2001-1 fund of the Auto ABS securitization vehicle. The Auto ABS 2001-1 fund issued €950 million worth of AAA/Aaa rated preferred
asset-backed securities and €50 million worth of A/A2 rated subordinated asset-backed securities. Crédipar's retained interest amounts to
€10,000.
- On July 11, 2002, Crédipar sold €550 million worth of automobile loans and the Spanish branch of Banque PSA Finance sold
€950 million worth of automobile loans to the Auto ABS 2002-1 fund. The Auto ABS 2002-1 fund issued €1,440 million worth of AAA/Aaa
rated preferred asset-backed securities and €60 million worth of A/A2 rated subordinated asset-backed securities. Banque PSA Finance
group's retained interest amounts to €30,000.
- On February 25, 2004, the German Banque PSA Finance subsidiary PSA Finance Deutschland GmbH sold €1 billion worth of automobile
loans to the Auto ABS 2004-1 fund. The Auto ABS 2004-1 fund issued €970 million worth of AAA/Aaa rated preferred asset-backed securities
and €30 million worth of A/A2 rated subordinated asset-backed securities. PSA Finance Deutschland GmbH's retained interest amounts to
€10,000.
� 8.2. ANALYSIS BY GEOGRAPHICAL AREA
(in millions of euros) 31/12/2005 Dec. 31, 2005 Dec. 31, 2004
Net loans and receivables
France 8,127 7,780
European Union (excluding France) 13,578 12,910
Other European countries 348 339
Latin America 364 152
Total 22,417 21,181
� 8.3. ANALYSIS BY MATURITY
MATURITIES OF RETAIL FINANCE RECEIVABLES
(in millions of euros) 31/12/2005 Dec. 31, 2005 Dec. 31, 2004
0 to 3 months 2,103 1,820
3 months to 1 year 4,481 3,671
1 to 5 years 9,657 9,606
Over 5 years 95 165
Total, gross 16,336 15,262
Guarantee deposits (lease financing) (94) (111)
Depreciations (284) (285)
Net 15,958 14,866
MATURITIES OF OTHER FINANCE RECEIVABLES
CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
(in millions of euros) 31/12/2005 Dec. 31, 2005 Dec. 31, 2004
0 to 3 months 165 182
3 months to 1 year 168 160
1 to 5 years 388 369
Over 5 years 34 25
Total, gross 755 736
Depreciations (30) (34)
Net 725 702
Banque PSA Finance - 2005 annual report
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