CFM INDOSUEZ Wealth Management - 2020 Annual Report

79 FINANCIAL ASSETS AT AMORTISED COST: LOANS AND RECEIVABLES DUE FROM CLIENTS 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 carrying amount (a) Impairment for credit losses (b) Net book value (a) + (b) At 31 December 2019 3,411,754 -1,073 4,292 -115 27,511 -9,215 3,443,557 -10,403 3,433,154 Transfers of assets during their lifetime from one bucket to another -23,887 37,835 -13,948 -455 0 -455 Transfers fromBucket 1 to Bucket 2 -38,042 38,042 0 Transfers fromBucket 2 to Bucket 1 207 -207 0 Transfers to Bucket 3 (1) -1 1 -455 0 -455 Transfers fromBucket 3 to Bucket 2/Bucket 1 13,949 -13,949 0 Total after transfers 3,388,776 -1,073 42,127 -115 13,568 -9,670 3,444,471 -10,858 3,433,613 Changes in gross book values ​ and value adjustments for losses -90,103 115 -7,026 -487 -4,771 996 -101,900 624 New production: purchase, grant, origination, etc. (2) 811,797 -1,172 3,641 -778 815,438 -1,950 Derecognition: sale, redemption, expiration, etc. -901,901 913 -10,667 296 -4,768 1,403 -917,336 2,612 Write-offs 896 896 Changes in cash flows on loans restructured due to financial difficulties 481 80 -129 432 Changes in credit risk inputs of models over the period -1,173 -1,173 Changes in the model / methodology Scope changes Other 1 -107 -85 -3 -1 -2 -193 Total 3,298,673 -958 35,101 -602 8,797 -8,674 3,342,571 -10,234 3,332,337 Changes in book value attributable to specific accounting valuation terms (with no significant impact on the value adjustment) (3) 2,122 1,915 4,037 At 31 December 2020 3,300,795 -958 35,101 -602 10,712 -8,674 3,346,608 -10,234 3,336,374 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.