ANNUAL REPORT 2010

Mercantil Merinvest, C.A.
Consolidated
Year Ended
(In thousands of Bs and millons of US$)
Total Assets
Investments in Securities
Indexed Financial Assets
Equity
Net Earnings for the Year
2010
US$ (1)
30
22
-
26
12
2010
bolivars
128,929
95,904
-
112,317
42,560
Other Non-Financial Business
Mercantil Inversiones y Valores
Mercantil Inversiones y Valores comprises Mercantil Servicios Financieros’ non-financial
companies, such as Servibien, Almacenadora Mercantil and others that invest in securities.
The main function of Servibien, a subsidiary of Mercantil Inversiones y Valores, is to sell real
estate and property owned by Mercantil Servicios Financieros. In 2010 Servibien sold Bs 20
million worth of real estate. Automotive vehicles recovered by Mercantil Seguros were sold at
ten auctions during the year, bringing in a total of Bs 44 million.
At December 31, 2010, Mercantil Inversiones y Valores C.A. had Bs 40 million and Bs 37 million
in consolidated assets and equity respectively.
Mercantil Servicios Financieros
79
2009
bolivars
134,097
64,647
45,110
118,653
49,395
2008
bolivars
265,455
83,530
162,888
118,815
38,231
Historic figures presented in accordance with the National Securities Superintendency.
(1) Dollar figures are given for reference purposes only; the balance sheet is converted at the exchange rate at the end of the period (Bs 4.2893/US$) and the
income statement at the average exchange rate for the period (Bs 3.5827/US$). Exchange control has been in place in Venezuela since February 2003.
Mercantil Inversiones y Valores , C.A.
Consolidated
Year Ended
(In thousands of Bs and millons of US$)
Total Assets
Invesments in Securities
Equity
Net Earnings for the Year
2010
US$ (1)
9
4
9
(1)
2010
bolivars
39,846
17,087
37,171
(5,027)
2009
bolivars
90,361
60,595
85,401
41,762
2008
bolivars
187,080
45,834
148,086
77,770
Figures in accordance with Accounting Principles Generally Accepted in Venezuela.
(1) Dollar figures are given for reference purposes only; the balance sheet is converted at the exchange rate at the end of the period (Bs 4.2893/US$) and the
income statement at the average exchange rate for the period (Bs 3.5827/US$). Exchange control has been in place in Venezuela since February 2003.