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

Activities Abroad
Below we present the financial statements of the South America and Europe units (*):
Itaú Unibanco Holding S.A.
On June 30, 2010 (*)
R$ million
Balance Sheet – Activities Abroad
ASSETS
Consolidated Consolidated Consolidated Itaú Consolidated Itaú Banco Itaú
Itaú Europa Itaú Argentina
Chile
Uruguay
Paraguay
Current and Long-term Assets 16,668 2,273 10,754 3,464 2,171
Cash and Cash Equivalents 1,560 100 451 457 181
Short-term Interbank Deposits 2,586 172 75 604 115
Securities and Derivative Financial Instruments 1,388 201 1,569 765 369
Loans, Lease and Other Credit Operations 5,216 1,394 7,944 1,282 1,146
(Allowance for Loan Losses) (16) (39) (206) (75) (39)
Other Credits 5,869 131 736 102 78
Other Assets 67 315 186 330 321
Permanent Assets 571 62 185 20 17
Investments 373 2 1 0 1
Fixed and Operating Lease Assets 18 58 120 20 16
Intangible Assets 180 2 64 0 -
TOTAL ASSETS 17,239 2,335 10,939 3,484 2,188
LIABILITIES AND EQUITY
Consolidated Consolidated Consolidated Itaú Consolidated Itaú Banco Itaú
Itaú Europa Itaú Argentina
Chile
Uruguay
Paraguay
Current and Long-term Liabilities 15,848 2,177 9,512 3,170 1,896
Deposits 7,296 1,793 7,280 2,719 1,720
Deposits Received under Securities Repurchase Agreements - 66 218 - -
Funds from Acceptances and Issue of Securities 1,714 - 313 - -
Borrowings and Onlendings 619 35 665 3 24
Derivative Financial Instruments 181 0 72 0 -
Other Liabilities 6,038 283 957 447 151
Technical Provisions for Insurance, Pension Plans and Capitalization - - 7 - -
Deferred Income 12 - 0 - 0
Minority Interest in Subsidiaries 0 1 0 0 -
Stockholders' Equity 1,379 157 1,427 315 292
TOTAL LIABILITIES AND EQUITY 17,239 2,335 10,939 3,484 2,188
Income Statement – Activities Abroad
2 nd Quarter/10
Consolidated Consolidated Consolidated Itaú Consolidated Itaú Banco Itaú
Itaú Europa Itaú Argentina
Chile
Uruguay
Paraguay
Financial Margin 31 44 105 52 35
Result from Loan Losses (1) (5) (28) (5) (2)
Expenses for Allowance for Loan Losses (1) (6) (33) (6) (2)
Income from Recovery of Credits Written Off as Loss - 0 5 1 -
Net Result from Financial Operations 30 38 77 47 33
Other Operating Income/(Expenses) 9 (48) (35) (7) (6)
Banking Service Fees and Income from Banking Charges 48 22 34 51 16
Result from Insurance, Pension Plans and Capitalization Operations - - 6 - -
Non-interest Expenses (58) (71) (78) (57) (23)
Tax Expenses for ISS, PIS, Cofins and Other Taxes - - - - -
Equity in Earnings of Affiliates and Other Investments 12 (0) (0) - -
Other Operating Income 7 1 3 (1) 0
Operating Income 39 (10) 43 40 27
Non-operating Income (0) 1 (0) (0) 1
Income before Tax and Profit Sharing 39 (9) 43 40 28
Income Tax and Social Contribution (18) 1 (8) (6) (3)
Profit Sharing - - - - -
Minority Interests in Subsidiaries (0) (0) (0) - -
Recurring Net Income 21 (8) 34 34 25
Return on Equity – Annualized (%p.y.) 5.8% -19.1% 9.8% 44.2% 35.1%
Efficiency Ratio 67.5% 106.4% 52.4% 56.1% 44.0%
Non-interest Expenses to total Assets (%p.y.) 1.3% 12.1% 2.8% 6.5% 4.1%
(*) Does not include Foreign branches
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Management Discussion & Analysis 3 rd Quarter, 2010