CFM INDOSUEZ Wealth Management - 2019 annual report

75 F i n a n c i a l a s s e t s a t a m o r t i s e d c o s t : L o a n s a n d r e c e i v a b l e s d u e f r o m c l i e n t s Performing assets Assets subject to 12-month ECL (Bucket 1) Assets subject to lifetime ECL (Bucket 2) Impaired assets (Bucket 3) Total (in thousands of euros) Gross book value Impairment for credit losses Gross book value Impairment for credit losses Gross book value Impairment for credit losses Gross book value (a) Impairment for credit losses (b) Net book value (a) + (b) At 31 December 2018 3,239,927 -738 6,712 -94 41,584 -10,351 3,288,223 -11,183 3,277,040 Transfers of assets during their lifetime from one bucket to another -2,005 2,005 1,101 -1,101 904 -2,316 -1,412 Transfers from Bucket 1 to Bucket 2 -1,185 185 185 -1,185 0 Transfers from Bucket 2 to Bucket 1 84 -84 -84 84 0 Transfers to Bucket 3 (1) -904 904 904 -2,316 -1,412 Transfers from Bucket 3 to Bucket 2/Bucket 1 Total after transfers 3,237,922 1,267 7,813 -1,195 42,488 -12,667 3,288,223 -12,595 3,275,628 Changes in gross book values and value adjustments for losses 162,532 -2,340 -3,520 1,080 -34,520 3,452 124,492 2,192 New production: purchase, grant, origination, etc. (2) 1,214,076 -2,483 2,534 -143 1,216,610 -2,626 Derecognition: sale, redemption, expiration, etc. -1,051,682 159 -6,056 1,284 -33,487 2,808 -1,091,225 4,251 Write-offs -1,033 1,033 -1,033 1,033 Changes in cash flows on loans restructured due to financial difficulties Changes in credit risk inputs of models over the period -374 -374 Changes in the model / methodology Scope changes Other 138 -16 2 -61 -15 140 -92 Total 3,400,454 -1,073 4,293 -115 7,968 -9,215 3,412,715 -10,403 3,402,312 Changes in book value attributable to specific accounting valuation terms (with no significant impact on the impairment amount) (3) 11,300 -1 19,543 30,842 At 31 December 2019 3,411,754 -1,073 4,292 -115 27,511 -9,215 3,443,557 -10,403 3,433,154 Outstanding amounts of financial assets under contracts that were written off during the period and are still subject to enforcement measures (1) Transfers to Bucket 3 correspond to assets initially classified in Bucket 1, which were downgraded directly to Bucket 3 or those downgraded to Bucket 2 and then Bucket 3 during the year. (2) Originated loans classified in Bucket 2 may include assets initially classified in Bucket 1 which were reclassified to Bucket 2 during the period. (3) Includes changes in fair value adjustments of micro-hedged instruments, changes arising from the unwinding of discounts on restructured loans (reversal from net banking income over the residual maturity of the asset), and changes in accrued interest. Annual Financial Statements 2019