CFM Indosuez Wealth Management Annual Report 2022 84 FINANCIAL ASSETS AT AMORTISED COST: LOANS AND RECEIVABLES DUE FROM CUSTOMERS Performing assets Impaired assets Assets subject to an ECL at 12 months (Stage 1) Assets subject to an ECL at maturity (Stage 2) (Stage 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 Impairment for credit losses Net book value (a) (b) (a) + (b) As of 31 December 2021 3,703,408 -659 5,255 -73 8,200 -6469 3,716,863 -7201 3,709,662 Transfers of assets during their lifetime from one Stage to another -52705 10 44,937 1 7,768 -16 0 -5 Transfers from Stage 1 to Stage 2 -59176 10 59,176 -10 0 0 0 0 Transfers from Stage 2 to Stage 1 14,227 -10 -14227 10 0 0 0 0 Transfers to Stage 3(1) -7756 10 -12 1 7,768 -16 0 -5 Return from Stage 3 to Stage 2/Stage 1 0 0 0 0 0 0 0 0 Total after transfers 3,650,703 -649 50,192 -72 15,968 -6485 3,716,863 -7206 3,709,657 Changes in gross book values and value adjustments for losses 105,122 -375 2,256 -138 -1267 414 106,111 -99 New production: purchase, granting, origination, etc. (2) 1,894,297 -1013 8,751 -436 0 0 1,903,048 -1449 Derecognition: sale, redemption, expiry, etc. -1760964 641 -6536 304 -322 55 -1767822 1,000 Write-offs 0 0 0 0 -568 568 -568 568 Changes in cash flows on loans restructured due to financial difficulties 0 0 0 0 0 0 0 0 Changes in credit risk inputs of models over the period 0 -1 0 0 0 -212 0 -213 Changes in the model / methodology 0 0 0 0 0 0 0 0 Scope changes 0 0 0 0 0 0 0 0 Other -28211 -2 41 -6 -377 3 -28547 -5 Total 3,755,825 -1024 52,448 -210 14,701 -6071 3,822,974 -7305 3,815,669 Changes in book value attributable to specific accounting valuation terms (with no significant impact on the value adjustment) (3) -55381 0 0 0 406 0 -54975 0 As of 31 December 2022 3,700,444 -1024 52,448 -210 15,107 -6071 3,767,999 -7305 3,760,694 Outstanding amounts of financial assets under contracts that were written off during the period and are still subject to enforcement measures 0 0 0 0 0 0 0 (1) Transfers to Stage 3 correspond to outstandings initially classified in Stage 1 which, during the year, were downgraded directly to Stage 3, or to Stage 2 and then to Stage 3. (2) Originated loans in Stage 2 may include assets initially classified in Stage 1 which were reclassified to Stage 2 during the period. (3) Includes variations in fair value adjustments of micro-hedged instruments, variations relating to use of the EIR method (notably the amortisation of premiums/ discounts), and variations relating to the accretion of discounts on restructured loans (restated as NBI over the remaining term of the asset), and variations in the related receivables.
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