Komplett Bank annual report 2019

Transfers in Q3 2018: Transfer from Class 1 to Class 2 -4.6 4.6 - - Transfer from Class 1 to Class 3 -0.4 - 0.4 - Transfer from Class 2 to Class 3 - -11.5 11.5 - Transfer from Class 3 to Class 2 - - - - Transfer from Class 2 to Class 1 16.9 -16.9 - - Transfer from Class 3 to Class 1 0.0 - -0.0 - New financial assets originated or change in provisions 15.1 45.5 33.5 94.1 Assets derecognized or change in provisions -16.9 -11.7 -26.6 -55.3 Other changes 12.5 4.3 -0.2 16.6 Impairment as at 30.09.2018 100.6 88.1 243.8 432.5 Transfers in Q4 2018: Transfer from Class 1 to Class 2 -7.1 7.1 - - Transfer from Class 1 to Class 3 -0.7 - 0.7 - Transfer from Class 2 to Class 3 - -16.0 16.0 - Transfer from Class 3 to Class 2 - 0.2 -0.2 - Transfer from Class 2 to Class 1 17.8 -17.8 - - Transfer from Class 3 to Class 1 0.3 - -0.3 - New financial assets originated or change in provisions 13.2 49.4 38.4 101.0 Assets derecognized or change in provisions -19.0 -15.4 -31.4 -65.8 Other changes -3.1 5.2 1.8 3.9 Impairment as at 31.12.2018 102.1 100.8 268.8 471.6 Estimate changes in the first quarter of 2018 mainly relates to changes in loss given default. The effects of estimate changes in the second quarter of 2018 relates to decreased impairments as a consequence of the agreement on forward sale of non-performing loans. The effects of changing loss given default resulted in NOK 40 million in lower impairments. In the same quarter the probability of default estimate was also updated, resulting in higher impairments of NOK 13 million. For the third and fourth quarter of 2018 effects of estimate changes mainly derived from updating the estimate of probability of default. RECONCILIATION OF IMPAIRMENTS OF LOANS TO CUSTOMERS cont. 66 Notes to the financial statements