The balance sheet value of the assets held-for-sale as at 31 December can be broken down as follows:

 

2020

2019

 

 

 

Repossessed assets

10,343

10,197

Own property held for sale

5,860

-

Shares in investment funds held for sale

2,769

-

 

 

 

Balance sheet value as at 31 December

18,972

10,197

Triodos Bank can acquire the collateral under non performing loans, all assets acquired are real estate. It is the intention of Triodos Bank to dispose of these assets as they are not part of the primary business of the Bank. If permitted by the underlying contracts of the acquired assets, these assets are presented as real estate for sale, using a realtor.

Triodos Investment Management has provided seed capital to a new investment fund in November 2020 to improve the product offering and with the intention to exit within a year.

The disclosure regarding the addition to the assets held for sale as required by IFRS 5 is included in note 7, Property and Equipment, on page Property and equipment of the financial statements.

 

2020

2019

 

 

 

Impairments recorded in other income

-594

-135

 

 

 

Total for the year

-594

-135