Section 1 – Interest - item 10 and 20

1.1 Interest and similar income: composition

  Composition Debt securities Loans Other assets 31.12.2012 31.12.2011
1 Financial assets held for trading - - - - 19
2 Financial assets at fair value - - - - -
3 Available for sale financial assets 56.956 - - 56.956 31.130
4 Financial assets held to maturity 97.067 - - 97.067 -
5 Due from banks 1.193 1.588 6.087 8.868 6.164
6 Due from customers - 57.902 35.626 93.528 68.298
7 Hedging derivatives X X - -
8 Other assets X X 2 2 481
  Total 155.216 59.490 41.715 256.421 106.092
 

The increase recorded in the year is mainly attributable to interest income on debt securities classified as both held to maturity and available for sale financial assets, whose amount is significantly higher compared to the previous year.

The increase is also due to the NPL and tax receivables sectors, which contributed interest income of 29.168 thousand Euro compared to 13.264 thousand Euro at 31 December 2011. The Non-Performing Loans and Tax Receivables sectors, which were added to the Group’s scope after the acquisition of the Toscana Finanza Group, contributed to the profit for the year 2011 starting from 30 June 2011, the date on which the business combination formally took effect.

Please note that at 31 December 2012, interests on arrears accrued on amounts due from the Public Administration relate to already collected debts (25,1 million Euro) and non collected debts (43,3 million Euro). Such amounts were not recognised in the financial statements, because, as of today, the Bank does not have the necessary information to ascertain their recoverability. Interests on arrears are usually recognised subsequent to the definition of judicial and non-judicial collection actions. Interests recognised at 31 December 2012 following these actions amounted to 5.805 thousand Euro.

1.3 Interest and similar income: other information

1.3.1 Interest income on financial assets in currency

  31.12.2012 31.12.2011
Interest income on financial assets in currency 1.611 1.510
 

1.4 Interest and similar expenses: composition

  Composition Debt Loans Other assets 31.12.2012 31.12.2011
1 Due to Central banks - X (5.825) (5.825) (6.188)
2 Due to banks (1.784) X - (1.784) (7.857)
3 Due to customers (92.872) X (9.670) (102.542) (49.606)
4 Outstanding securities X - - - -
5 Financial liabilities held for trading - - - - -
6 Financial liabilities at fair value - - - - -
7 Other liabilities and provisions X X (104) (104) (109)
8 Hedging derivatives X X (220) (220) (87)
  Total (94.656) - (15.819) (110.475) (63.847)
Unpublished
 

Interest expense on payables due to central banks and customers concerning other operations refers to repurchase agreements put in place during the year.

Interest expense on payables due to customers classified under "debt" refer for 92.280 thousand Euro to the rendimax savings account at 31 December 2012, compared with 39.239 thousand euro at 31 December 2011. 

1.5 Interest and similar expenses: spreads on hedging transactions

Items/Components 31.12.2012 31.12.2011
A. Premium spreads on hedging transactions:
B. Discounts spreads on hedging transactions: (220) (22)
C. Balance (A-B) (220) (22)
 

1.6 Interest and similar expenses: other information

1.6.1 Interest expense on liabilities in currency

  31.12.2012 31.12.2011
Interest expense on liabilities in currency (4) (141)
 

1.6.2 Interest payable on liabilities for financial leasing

  31.12.2012 31.12.2011
Interest payable on liabilities for financial leasing (111) (66)
 

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