77 5.16 VALUE ADJUSTMENTS, PROVISIONS AND RESERVES FOR GENERAL BANKING RISKS (in thousands of CHF) Balance at the end of the previous year Use in compliance with designated purpose Reclassifications Currency differences Past-due interest, recoveries New provisions charged to income statement Releases to income statement Balance at the end of the reference year Provisions for default 1,995 - - - - - -39 1,956 of which provisions for probable commitments on impaired loans 5 - - - - - -2 3 of which value adjustments for expected losses 1,990 - - - - - -37 1,953 Provisions for other operating risks 89,473 -52,683 - 976 - 13,463 -1,010 50,219 Other provisions 82,490 - - - - - - 82,490 Total provisions 173,958 -52,683 - 976 - 13,463 -1,049 134,665 Reserves for general banking risks 11,747 - - - - - - 11,747 Value adjustments for default and country risks 170,419 -12,911 - 1,314 - 2,829 -6,180 155,471 of which value adjustments for the risk of default on impaired loans 164,756 -12,911 - 1,330 - 2,829 -3,858 152,146 of which value adjustments for expected losses 5,663 - - -16 - - -2,322 3,325 Reserves for general banking risks are subject to tax. Other provisions include hidden reserves. Through its business, the Bank is exposed to legal and regulatory risks. The Bank is also called upon to cooperate with the investigations of supervisory authorities. In accordance with its policy, the Bank sets aside provisions for potential or ongoing legal proceedings when management believes the proceedings are likely to result in a financial obligation that can be reasonably estimated. Expected compensation from insurance companies was recorded as a balance sheet asset under "Accrued income and prepaid expenses" and credited in the income statement under "Changes to provisions and other value adjustments, and losses". 5.17 SHARE CAPITAL (in thousands of CHF) Current year Previous year Total nominal value Number of shares Capital eligible for dividend Total nominal value Number of shares Capital eligible for dividend Registered shares 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946 of which paid up 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946 Total share capital 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946 1,025,946
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