Balance sheet

Assets (thousands of EUR)

   Change
 30/06/201631/12/2015absolute%
10 - CASH AND CASH EQUIVALENTS 300,847 324,395 (23,548) (7.3)
20 - FINANCIAL ASSETS HELD FOR TRADING 9,658 15,065 (5,407) (35.9)
40 - FINANCIAL ASSETS AVAILABLE FOR SALE 3,017,553 3,803,770 (786,217) (20.7)
60 - LOANS TO BANKS 1,305,035 1,220,489 84,546 6.9
70 - LOANS TO CUSTOMERS 20,058,107 21,472,616 (1,414,509) (6.6)
80 - HEDGING DERIVATIVES 52,635 54,730 (2,095) (3.8)
100 - EQUITY INVESTMENTS 91,572 92,536 (964) (1.0)
120 - PROPERTY AND EQUIPMENT 775,120 783,816 (8,696) (1.1)
130 - INTAGIBLE ASSETS of which: 54,540 78,062 (23,522) (30.1)
  - goodwill - 19,942 (19,942) (100.0)
140 TAX ASSETS 2,181,701 2,145,389 36,312 1.7
  a) current 1,171,791 1,186,602 (14,811) (1.2)
  b) deferred 1,009,910 958,787 51,123 5.3
  - of which pursuant to Law no. 214/2011 615,164 647,443 (32,279) (5.0)
160- OTHER ASSETS 327,310307,98819,3226.3
TOTAL ASSETS 28,174,07830,298,856(2,124,778)(7.0)

Liabilities (thousands of EUR)

   Change
 30/06/201631/12/2015absolute%
10 DUE TO BANKS 2,975,772 2,824,957 150,815 5.3
20 DUE TO CUSTOMERS 14,375,126 15,536,566 (1,161,440) (7.5)
30 SECURED ISSUED 6,888,209 7,327,427 (439,218) (6.0)
40 FINANCIAL LAIBILITIES HELD FOR TRADING 3,024 4,824 (1,800) (37.3)
50 ANNCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 495,806 557,795 (61,989) (11.1)
60 HEDGING DERIVATIVES 244,855 220,628 24,227 11.0
80 TAX LIABILITIES 62,363 18,303 44,060
  (a) current 50,330 6,735 43,595
  (b) deferred 12,033 11,568 465 4.0
100 OTHER LIABILITIES 676,613 922,239 (245,626) (26.6)
110 EMPLOYEE TERMINATION INDEMNITIES 70,882 72,235 (1,353) (1.9)
120 ALLOWANCES FOR RISKS AND CHARGES 97,152 324,830 (227,678) (70.1)
  a) post-employment benefits 42,437 244,932 (202,495) (82.7)
  b) other allowances 54,715 79,898 (25,183) (31.5)
140 VALUATION RESERVES (149,743) (198,017) 48,274 (24.4)
170 RESERVES (342,745) (832,387) 489,642 (58.8)
180 SHARE PREMIUM RESERVE 175,954 811,949 (635,995) (78.3)
190 SHARE CAPITAL 2,791,422 2,791,422 - -
200 TREASURY SHARES (15,572) (15,572) - -
210 NON-CONTROLLING INTERESTS (+/-) 31,016 33,398 (2,382) (7.1)
220 PROFIT (LOSS) FOR THE YEAR (+/-) (206,056) (101,741) (104,315)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 28,174,078 30,298,856 (2,124,778) (7.0)