The Company incurred $17.0 million of combined net impairment provisions in 2010 from its consolidated and unconsolidated portfolio assets and loans compared to $10.8 million in 2009. The provisions in 2010 were recorded primarily to reflect changes in management's estimates as to the timing and amount of projected future collections and declines in domestic real estate values. The global distribution of the $17.0 million of net impairment provisions in 2010 includes $10.5 million for domestic assets, $1.3 million related to Latin American assets, and $5.2 million related to European assets. Net provisions in 2010 were allocated between consolidated assets ($9.3 million) and FirstCity's share of net provisions from unconsolidated subsidiaries ($7.7 million).
The Company's share of foreign currency transaction losses from its consolidated and unconsolidated foreign operations was $0.9 million in 2010, compared to $47,000 of foreign currency transactions gains in 2009.
Equity in earnings of unconsolidated subsidiaries was $14.6 million in 2010 compared to losses of $0.3 million for 2009. This increase was due to additional equity earnings of $15.4 million and $5.1 million from our special situations platform subsidiaries and foreign servicing entities, respectively, recorded in 2010 compared to 2009. This increase was off-set partially by $5.5 million of lower equity earnings from our domestic and foreign acquisition partnerships recorded in 2010 compared to 2009. In 2010, we recorded $16.2 million in equity earnings from our equity-method investment related to a prefabricated building manufacturer (an unconsolidated subsidiary of our special situations platform). This entity reported significantly higher net earnings in 2010 related to building orders and a short-term lease agreement with a single customer. The entity's business dealings with this customer were completed in 2010.
The Company recognized $4.6 million of business combination gains in 2010 in connection with the following transactions: (1) $3.7 million related to its step-acquisition of eight German acquisition partnerships (discussed above), and (2) $0.9 million related to a step-acquisition transaction involving three domestic acquisition partnerships in March 2010.