12. Loans, advances and other receivables

	Group		Parent company
(DKKm)	2023	2022	2023	2022
12. Loans, advances and other receivables
Loans, advances and other receivables at amortised cost	53	33	33	12
Impairment losses	511	838	415	571
Total loans, advances and other receivables before impairment losses	564	871	448	583

Break-down:
Loans, advances and other receivables at amortised cost	294	369	224	199
Claims against estates in bankruptcy etc.	270	502	224	384
Total loans and advances, gross	564	871	448	583

Broken down by term to maturity
On demand	533	838	440	579
3 months or less	1	1	0	0
Between 3 months and 1 year	3	3	2	1
Between 1 and 5 years	11	13	4	3
More than 5 years	16	16	2	0
Total	564	871	448	583

Credit risk

KCredit risk is defined as the risk of loss because customers or counterparties fail to meet all or part of their obligations. In consequence of Finansiel Stabilitet’s objects of resolving or restructuring failing banks, the Company has taken over a considerable credit risk exposure.

During the period after Finansiel Stabilitet’s takeover of subsidiaries, new credits have to a limited extent been granted in cases where this has been deemed to reduce the overall risk of losses. For further description of credit risk, see note 20.

Credit exposure
Balance sheet items
Cash in hand and demand deposits with central banks	11,515	9,911	11,515	9,911
Due from credit institutions and central banks	6	5	6	3
Loans, advances and other receivables at amortised cost	53	33	33	12
Total credit exposure recognised in balance sheet	11,574	9,949	11,554	9,926

Off-balance sheet items
Loss guarantees for mortgage loans	98	116	96	59
Total credit exposure	11,672	10,065	11,650	9,985

Related collateral is set out further below in note 12.