MD&A and Financial Statements (PDF) - Banco Itaú

Itaú Unibanco S.A. – - September0, 2010 131
b) Deferred taxes
I -
25,911,438 (5,980,777) 6,480,254 26,410,915 27,339,252
2,989,576 (332,163) 1,519,463 4,176,876 3,658,757
8,985,851 (2,840,142) 3,474,657 9,620,366 8,348,603
7,827,348 (2,524,736) 3,230,706 8,533,318 7,156,709
104,543 (104,543) 101,318 101,318 172,052
81,012 (15,700) 49,546 114,858 73,549
771,874 (143,893) 69,129 697,110 731,319
201,074 (51,270) 23,958 173,762 214,974
35,613,237 45,482,066 13,936,011 (2,808,472) 1,486,134 12,613,673 15,331,892
29,509,237 39,378,066 11,860,651 (2,808,472) 1,486,134 10,538,313 13,113,884
2,665,151 7,621,644 1,989,617 (660,937) 18,582 1,347,262 2,415,394
Provision for contingent liabilities
6,569,569 7,355,899 2,344,558 (424,632) 522,422 2,442,348 2,715,904
Civil 2,647,856 2,311,990 899,984 (284,740) 413,208 1,028,452 903,373
Labor 2,278,537 2,215,595 843,564 (27,466) 37,249 853,347 835,734
Tax and social security 1,500,398 2,562,528 495,553 (62,719) 71,965 504,799 871,260
Other 142,778 265,786 105,457 (49,707) - 55,750 105,537
164,844 55,800 28,628 (411) 36,241 64,458 15,346
13,868,124 17,441,924 5,721,535 (1,006,373) - 4,715,162 5,930,254
367,544 978,978 286,806 (161,841) - 124,965 332,852
603,841 540,808 238,396 - 3,141 241,537 216,323
5,270,164 5,383,013 1,251,111 (554,278) 905,748 1,602,581 1,487,811
6,104,000 6,104,000 2,075,360 - - 2,075,360 2,218,008
436,756 219,080 72,677 (22,521) 112,549 162,705 87,632
Total 36,049,993 45,701,146 25,984,115 (6,003,298) 6,592,803 26,573,620 27,426,884
(*)
The deferred tax asset balance and its changes, segregated based on its origin and disbursements incurred, are represented as follows:
Reflected in income and expense accounts
Related to income tax and social contribution loss carryforwards
Related to disbursed provisions
Allowance for loan losses
Adjustment to market value of securities and derivative financial instruments
(assets/liabilities)
Allowance for real estate
Goodwill on purchase of investments
Other
Related to non-disbursed provisions (*)
Related to the operation
Legal liabilities – tax and social security
Adjustments from operations in futures settlement market
Goodwill on purchase of investments
Provision for integration expenditures with ITAÚ UNIBANCO merger
Provision related to health insurance operations
Other non-deductible provisions
Related to additional provisions exceeding the minimum required not disbursed –
allowance for loan losses
Reflected in stockholders’ equity accounts – adjustment to market value of
available-for-sale securities (Note 2b)
Social contribution for offset arising from Option foreseen in article 8 of
Provisional Measure No. 2,158-35 of 08/24/2001
PROVISIONS DEFERRED TAX ASSETS
09/30/2010 09/30/2009 12/31/2009
Realization /
Reversal
Increase 09/30/2010
09/30/2009
- 933,723 (82,090) - 851,633 955,427
From a financial point of view, rather than recording the provision of R$ 35,613,237 (R$ 45,482,066 at 09/30/2009) and deferred tax assets of R$ 12,613,673 (R$ 15,331,892 at 09/30/2009), only the net provisions of the
corresponding tax effects should be considered, which would reduce the total deferred tax assets from R$ 26,573,620 (R$ 27,426,884 at 09/30/2009) to R$ 13,959,947 (R$ 12,094,992 at 09/30/2009).
At ITAÚ UNIBANCO HOLDING, the deferred tax assets totaled R$ 953,492 (R$ 836,564 at 09/30/2009) and are basically represented by tax losses and social contribution loss carryforwards
of R$ 795,195 (R$ 768,911 at 09/30/2009), which expected realization is up to one year.