15. Other Assets

In mln of Russian Roubles 2011 2010
Other financial assets    
Receivables on plastic cards settlements 78,805 91,219
Derivative financial instruments 51,204 9,257
Settlements on operations with securities 15,214 -
Settlements on currency conversion operations 6,497 6,196
Accrued fees and commissions 3,884 2,758
Trade receivables 2,653 5,259
Funds in settlement 157 118
Other financial assets 6,920 2,791
Provision for impairment of other financial assets (2,214) (2,162)
Total other financial assets 163,120 115,436
Other non-financial assets    
Precious metals 65,964 34,767
Prepayments for premises and other assets 29,933 39,258
Goodwill 15,050 8,251
Non-current assets held for sale and assets of the disposal group 14,355 402
Inventory of non-banking subsidiaries 12,709 11,589
Intangible assets acquired through business combinations 12,239 4,170
Investment property 11,758 5,414
Tax settlements (other than on income) 9,821 4,230
Non-exclusive licences 8,909 4,091
Investments in associates 4,677 2,479
Prepaid expenses 3,845 2,840
Prepayment on income tax 1,458 929
Other non-financial assets 10,038 8,658
Provision for impairment of other non-financial assets (3,920) (2,610)
Total other non-financial assets 196,836 124,468
Total other assets 359,956 239,904

In December 2011 the Group signed a preliminary agreement on a stage-by-stage disposal of 100% share of OJSC Holding company GVSU Center in a period of less than twelve months after the reporting date as a result of which assets of GVSU were classified as assets of the disposal group as at 31 December 2011. Refer to Notes 20 and 39. As at 31 December 2011 receivables on plastic cards settlements of RR 78 805 mln (2010: RR 91 219 mln) represent receivables due within 30 days on operations of the Group`s customers with plastic cards.

As at 31 December 2011 and 31 December 2010 intangible assets acquired through business combinations are as follows:

In mln of Russian Roubles 2011 2010
Licenses for oil exploitation 2,381 2,598
Core deposit intangible 5,355 1,483
Other 4,503 89
Total intangible assets acquired through business combinations 12,239 4,170

Movements in the provision for impairment of other assets during 2011 are as follows:

In mln of Russian Roubles Funds in settlement Other financial assets Prepayments for premises and other assets Other nonfinancial assets Total
Provision for impairment at 1 January 2011 77 2,085 1,083 1,527 4,772
Net provision charge for impairment during the year 13 259 (82) 1,669 1,859
Other assets written off during the year as uncollectible - (220) - (277) (497)
Provision for impairment at 31 December 2011 90 2,124 1,001 2,919 6,134

Movements in the provision for impairment of other assets during 2010 are as follows:

In mln of Russian Roubles Funds in settlement Other financial assets Prepayments for premises and other assets Other nonfinancial assets Total
Provision for impairment at 1 January 2010 385 3,623 1,111 335 5,454
Net provision charge for impairment during the year (308) 5,458 (26) 1,313 6,437
Other assets written off during the year as uncollectible - (6,996) (2) (121) (7,119)
Provision for impairment at 31 December 2010 77 2,085 1,083 1,527 4,772

Provision for impairment of other assets is recognised by the Group on operations conducted in the normal course of the Group’s business. Provision is accessed on the basis of the Group’s best estimates of recoverability of other assets.

Movements in goodwill arising on the acquisition of subsidiaries are:

In mln of Russian Roubles Note 2011 2010
Carrying amount at 1 January   8,251 469
Acquisition of subsidiaries 37 8,028 8,699
Impairment loss   (1,209) (917)
Transfer of goodwill to non-current assets held for sale   (20) -
Carrying amount at 31 December   15,050 8,251

The estimated fair value of other financial assets is disclosed in Note 34. Currency and maturity analyses of other assets are disclosed in Note 31.

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