Section 8 – Net impairment losses/reversals - Item 130

8.1 Net impairment losses on receivables: breakdown

Income items Impairment losses (1) Reversals of impairment losses (2) Total 31.12.2015 Total 31.12.2014
  Specific Portfolio Specific Portfolio    
  Write-offs Others          
        A B A B    
A. Due from banks - - - - - - - - -
- loans - - - - - - - - -
- debt securities - - - - - - - - -
B. Loans to customers (10.110) (37.390) (1.580) 1.850 21.957 - - (25.273) (34.510)
Bad loans purchased (3.613) - - - - - - (3.613) (1.770)
- loans (3.613) - X - - X X (3.613) (1.770)
- debt securities - - X - - X X - -
Other receivables (6.497) (37.390) (1.580) 1.850 21.957 - - (21.660) (32.740)
- loans (6.497) (37.390) (1.580) 1.850 21.957 - - (21.660) (32.740)
- debt securities - - - - - - - - -
C. Total (10.110) (37.390) (1.580) 1.850 21.957 - - (25.273) (34.510)

(1) The data for 2014 were restated as described in the Notes, Part A, Section 2.
Key
A= from interest
B= other reversals

Net impairment losses on receivables amounted to 25,3 million Euro, down 26,8% from 34,5 million Euro at 31 December 2014. Of these, 21,2 million Euro referred to trade receivables. This was the result of slowing new non-performing exposures, thanks to constantly improving lending standards and increasingly efficient credit management and monitoring processes.

The impairment losses and reversals include the ‘time value’ effect deriving from the process of discounting expected future cash flows.

8.2 Net impairment losses on available for sale financial assets: breakdown

Items/Return Impairment losses (1) Reversals of impairment losses (2) Total 31.12.2015 Total 31.12.2014
  Specific Specific    
  Write-offs Others A B    
A. Debt securities - - - - -  
B. Equity instruments - (8.977) X X (8.977)  
C. O.E.I.C. units - - X - - -
D. Loans to banks - - - - - -
E. Loans to customers - - - - - -
F. Total - (8.977) - - (8.977)  

Key
A= from interest
B= other reversals

Net impairment losses on available for sale financial assets totalled 9,0 million Euro and represent the write-down of the equity interests in three investees after they were tested for impairment.