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

More documents

Recommendations

Info

Itaú Unibanco Holding S.A. (This page was left in blank intentionally) 30 Management Discussion & Analysis 3 rd Quarter, 2010
Pro Forma Financial Statements by Segment Itaú Unibanco Holding S.A. Pro Forma Adjustments and Allocated Capital The pro forma financial information takes into account the impacts associated with the allocation of capital. To this end, adjustments were made to the financial statements, based on a proprietary model that considers the credit, market and operating risks, as well as the regulatory framework and the level of fixed asset formation. We determine the Risk Adjusted Return on Capital (RAROC), an operating performance indicator consistently adjusted to the capital required to support the risk of asset and liability positions taken. Adjustments made to the balance sheet and statement of income for the period are based on the business units’ managerial information. The Corporate+Treasury column shows the results associated with excess capital, excess subordinated debt and the carrying cost of the net balance of deferred taxes. It also shows the cost of the treasury operation, equity in the earnings of companies not yet linked to the different segments, as well as the adjustments for minority interests in subsidiaries and the market financial margin. Since the 4 th quarter of 2009, the Corporate+Treasury column also comprises the consolidation of 30% of Porto Seguro. Income Tax and Social Contribution on Net Income effects on the payment of Interest on Own Capital for each segment were reversed and subsequently reallocated to the individual segments in proportion to the amount of Tier I capital, while the financial statements were adjusted in order to replace net book value with market level funding. The financial statements were then adjusted to include revenues associated with the allocated capital. The cost of subordinated debt and the related remuneration at market prices were allocated to the segments on a pro rata basis, in accordance with the Tier I allocated capital. The diagram below shows the changes introduced in the financial statements to reflect the impacts of capital allocation in each segment. Return on Stockholders’ Equity Net Income Stockholders’ Equity Adjustments to the Financial Statements Adjustment in the Financial Statements to replace the net book value of Stockholders’ Equity and Subordinated Debt with funding at market prices. The financial statements were adjusted to include allocated capital based on proprietary models, as well as their respective revenues (CDI) and expenses (cost os subordinated debt). Return on Allocated Capital Pro Forma Net Income per segment Allocated Capital per segment 31 Management Discussion & Analysis 3 rd Quarter, 2010
Page 1 and 2: 3 rd Quarter 2010 Management Discus
Page 3 and 4: ITAÚ UNIBANCO HOLDING S.A. RESULTS
Page 5 and 6: 3 rd quarter, 2010 Management Discu
Page 7 and 8: Executive Summary Third Quarter of
Page 11 and 12: Executive Summary NPL Ratio over 90
Page 15 and 16: Analysis of the Net Income Manageri
Page 17 and 18: Analysis of the Net Income Results
Page 19 and 20: Analysis of the Net Income Non-inte
Page 21 and 22: Analysis of the Net Income Itaú Un
Page 23 and 24: Balance Sheet Balance Sheet by Curr
Page 25 and 26: Balance Sheet Credit Portfolio by P
Page 27 and 28: Balance Sheet Itaú Unibanco Holdin
Page 29 and 30: Value at Risk (VaR) The table below
Page 31 and 32: Performance in the Stock Market 3 r
Page 33: Pro Forma Financial Statements by S
Page 37 and 38: Pro Forma Financial Statements by S
Page 39 and 40: Pro Forma Financial Statements by S
Page 41 and 42: Insurance, Pension Plans and Capita
Page 43 and 44: Insurance, Pension Plans and Capita
Page 45 and 46: Activities Abroad
Page 47 and 48: Activities Abroad Europe Banking ac
Page 49 and 50: Activities Abroad Below we present
Page 51: PricewaterhouseCoopers Av. Francisc
Page 55 and 56: MANAGEMENT REPORT - January to Sept
Page 57 and 58: BUSINESS PERFORMANCE We present bel
Page 59 and 60: • The team of analysts of Itaú C
Page 61 and 62: ITAÚ UNIBANCO HOLDING S.A. BOARD O
Page 63 and 64: BANCO ITAÚ BBA S.A. BOARD OF DIREC
Page 65 and 66: ITAÚ UNIBANCO HOLDING S.A. Consoli
Page 67 and 68: ITAÚ UNIBANCO HOLDING S.A. Consoli
Page 69 and 70: ITAÚ UNIBANCO HOLDING S.A. Balance
Page 71 and 72: Itaú Unibanco S.A. - - September0
Page 73 and 74: ITAÚ UNIBANCO HOLDING S.A. Stateme
Page 75 and 76: NOTE 2 - PRESENTATION OF THE FINANC
Page 77 and 78: The consolidated financial statemen
Page 79 and 80: The Referential Equity used for cal
Page 81 and 82: ) Capital for Insurance Activity SU
Page 83 and 84: • Cash Flow Hedge - the effective
Page 85 and 86:
• Mathematical provisions for ben
Page 87 and 88:
NOTE 5 - CASH AND CASH EQUIVALENTS
Page 89 and 90:
Itaú Unibanco S.A. - - September0
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
I - Derivatives by index Memorandum
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
V - Accounting hedge a) The purpose
Page 103 and 104:
i) Changes in adjustment to market
Page 105 and 106:
Page 107 and 108:
III - By business sector 09/30/2010
Page 109 and 110:
d) Recovery and renegotiation of cr
Page 111 and 112:
NOTE 9 - FOREIGN EXCHANGE PORTFOLIO
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
NOTE 12 - CONTINGENT ASSETS AND LIA
Page 121 and 122:
- Contingencies classified as possi
Page 123 and 124:
c) Legal Liabilities - Tax and Soci
Page 125 and 126:
The main natures of processes are d
Page 127 and 128:
) Prepaid expenses Commissions 09/3
Page 129 and 130:
d) Banking service fees 01/01 to 09
Page 131 and 132:
f) Personnel expenses Compensation
Page 133 and 134:
NOTE 14 - TAXES a) Composition of e
Page 135 and 136:
Page 137 and 138:
III- The estimate of realization an
Page 139 and 140:
d) Taxes paid or provided for and w
Page 141 and 142:
II - Composition of investments 09/
Page 143 and 144:
NOTE 16 - STOCKHOLDERS’ EQUITY a)
Page 145 and 146:
c) Capital and revenue reserves 09/
Page 147 and 148:
f) Stock Option Plan I - Purpose an
Page 149 and 150:
III - Fair Value and Economic Assum
Page 151 and 152:
NOTE 17 - RELATED PARTIES a) Transa
Page 153 and 154:
Page 155 and 156:
NOTE 19 - BENEFITS TO EMPLOYEES Und
Page 157 and 158:
Page 159 and 160:
In accordance with the operations c
Page 161 and 162:
Analogous to Basel II, the Internat
Page 163 and 164:
e) Fundação Itaú Social - ITAÚ
Page 165 and 166:
Report of Independent Auditors To t
show all

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

Create successful ePaper yourself

Delete template?

Save as template?