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

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ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) ASSETS 09/30/2010 09/30/2009 CURRENT ASSETS 502,876,792 460,563,720 CASH AND CASH EQUIVALENTS 11,063,416 10,325,257 INTERBANK INVESTMENTS (Notes 4b and 6) 111,816,439 133,856,473 Money market 95,757,805 117,443,167 Money market – Assets Guaranteeing Technical Provisions – SUSEP (Note 11b) 3,397,239 666,155 Interbank deposits 12,661,395 15,747,151 SECURITIES AND DERIVATIVE FINANCIAL INSTRUMENTS (Notes 4c, 4d and 7) 110,184,583 96,521,784 Own portfolio 32,120,828 29,792,900 Subject to repurchase commitments 10,578,242 6,516,093 Pledged in guarantee 8,121,431 8,097,453 Deposited with the Central Bank 2,254,705 5,271,926 Derivative financial instruments 7,443,791 6,580,080 Assets guaranteeing technical provisions - PGBL/VGBL fund quotas (Note 11b) 43,621,488 36,403,697 Assets guaranteeing technical provisions – other securities (Note 11b) 6,044,098 3,859,635 INTERBANK ACCOUNTS 65,607,849 16,955,733 Pending settlement 3,439,138 3,413,787 Central Bank deposits 62,090,097 13,383,914 National Housing System (SFH) 8,775 70,260 Correspondents 69,839 82,505 Interbank onlending - 5,267 INTERBRANCH ACCOUNTS 73,019 50,926 LOAN, LEASE AND OTHER CREDIT OPERATIONS (Note 8) 150,494,689 137,121,238 Operations with credit granting characteristics (Note 4e) 163,803,876 151,641,187 (Allowance for loan losses) (Note 4f) (13,309,187) (14,519,949) OTHER RECEIVABLES 51,114,342 62,655,037 Foreign exchange portfolio (Note 9) 20,183,399 33,368,298 Income receivable 938,156 651,284 Transactions with credit card issuers (Note 4e) 11,824,070 7,918,689 Receivables from insurance and reinsurance operations (Notes 4nl and 11b) 3,775,196 3,317,136 Negotiation and intermediation of securities 2,549,953 2,447,821 Sundry (Note 13a) 11,843,568 14,951,809 OTHER ASSETS (Note 4g) 2,522,455 3,077,272 Assets held for sale 196,132 407,275 (Valuation allowance) (74,294) (104,852) Unearned premiums of reinsurance (Note 4nl) 563,900 645,531 Prepaid expenses (Note 13b) 1,836,717 2,129,318 LONG-TERM RECEIVABLES 173,096,297 141,876,364 INTERBANK INVESTMENTS (Notes 4b and 6) 666,968 4,107,734 Money market 40,170 1,101,257 Money market – Assets Guaranteeing Technical Provisions – SUSEP (Note 11b) 136,050 2,156,948 Interbank deposits 490,748 849,529 SECURITIES AND DERIVATIVE FINANCIAL INSTRUMENTS (Notes 4c, 4d and 7) 31,694,235 26,054,528 Own portfolio 21,181,454 11,373,391 Subject to repurchase commitments 3,955,759 2,210,081 Pledged in guarantee 474,861 1,959,772 Deposited with the Central Bank 86,793 4,197,841 Derivative financial instruments 3,456,844 1,904,502 Assets guaranteeing technical provisions – other securities (Note 11b) 2,538,524 4,408,941 INTERBANK ACCOUNTS - National Housing System (SFH) 561,839 474,568 LOAN, LEASE AND OTHER CREDIT OPERATIONS (Note 8) 105,256,300 75,909,821 Operations with credit granting characteristics (Note 4e) 115,230,940 85,458,145 (Allowance for loan losses) (Note 4f) (9,974,640) (9,548,324) OTHER RECEIVABLES 33,927,377 33,782,734 Foreign exchange portfolio (Note 9) 387,150 2,354,347 Sundry (Note 13a) 33,540,227 31,428,387 OTHER ASSETS – Prepaid expenses (Notes 4g and 13b) 989,578 1,546,979 PERMANENT ASSETS 10,275,355 9,958,850 INVESTMENTS (Notes 4h and 15a II) 2,226,272 2,283,674 Investments in affiliates 1,084,678 1,364,672 Other investments 1,320,280 1,091,652 (Allowance for loan losses) (178,686) (172,650) FIXED ASSETS (Notes 4i and 15b) 4,697,805 4,072,414 Real estate in use 4,451,695 4,373,680 Other fixed assets 6,830,232 6,535,196 (Accumulated depreciation) (6,584,122) (6,836,462) OPERATING LEASE ASSETS (Note 4j) 4,241 15,231 Leased assets 18,553 32,794 (Accumulated depreciation) (14,312) (17,563) GOODWILL (Notes 4k and 15b) 74,467 - INTANGIBLE ASSETS (Notes 4l and 15b) 3,272,570 3,587,531 Acquisition of rights to credit payroll 2,459,345 2,588,114 Other intangible assets 2,691,118 2,291,588 (Accumulated amortization) (1,877,893) (1,292,171) TOTAL ASSETS 686,248,444 612,398,934 Itaú Unibanco S.A. – - September0, 2010 60
ITAÚ UNIBANCO HOLDING S.A. Consolidated Balance Sheet (Note 2a) (In thousands of Reais) LIABILITIES 09/30/2010 09/30/2009 CURRENT LIABILITIES 355,045,699 329,393,311 DEPOSITS (Notes 4b and 10b) 128,965,187 114,758,316 Demand deposits 28,055,643 22,707,717 Savings deposits 54,874,272 44,146,423 Interbank deposits 1,202,209 2,017,954 Time deposits 43,836,288 44,851,975 Other deposits 996,775 1,034,247 DEPOSITS RECEIVED UNDER SECURITIES REPURCHASE AGREEMENTS (Notes 4b and 10c) 87,383,466 86,178,324 Own portfolio 47,160,396 32,371,661 Third-party portfolio 39,331,135 53,635,480 Free portfolio 891,935 171,183 FUNDS FROM ACCEPTANCE AND ISSUANCE OF SECURITIES (Notes 4b and 10d) 15,325,610 10,970,048 Real estate, mortgage, credit and similar notes 10,421,550 8,298,962 Debentures 1,522,670 156,775 Foreign borrowings through securities 3,381,390 2,514,311 INTERBANK ACCOUNTS 4,459,842 4,049,463 Pending settlement 3,059,156 2,991,610 Correspondents 1,400,686 1,057,853 INTERBRANCH ACCOUNTS 3,821,153 2,999,373 Third-party funds in transit 3,766,515 2,848,971 Internal transfer of funds 54,638 150,402 BORROWINGS AND ONLENDING (Notes 4b and 10e) 18,474,040 14,465,005 Borrowings 11,565,391 8,492,236 Onlending 6,908,649 5,972,769 DERIVATIVE FINANCIAL INSTRUMENTS (Notes 4d and 7h) 6,013,572 5,562,134 TECHNICAL PROVISIONS FOR INSURANCE, PENSION PLAN AND CAPITALIZATION (Notes 4n II and 11a) 10,247,038 8,803,153 OTHER LIABILITIES 80,355,791 81,607,495 Collection and payment of taxes and contributions 3,706,816 3,377,497 Foreign exchange portfolio (Note 9) 20,632,545 34,376,024 Social and statutory (Note 16b II) 3,199,582 2,639,059 Tax and social security contributions (Notes 4o, 4p and 14c) 8,695,368 6,693,219 Negotiation and intermediation of securities 3,048,026 1,569,977 Credit card operations (Note 4e) 29,237,982 21,045,977 Subordinated debt (Note 10f) 963,023 1,174,634 Sundry (Note 13c) 10,872,449 10,731,108 LONG-TERM LIABILITIES 270,082,941 230,469,394 DEPOSITS (Notes 4b and 10b) 65,951,463 74,331,076 Interbank deposits 90,515 213,737 Time deposits 65,860,948 74,117,339 DEPOSITS RECEIVED UNDER SECURITIES REPURCHASE AGREEMENTS (Notes 4b and 10c) 68,252,613 40,486,132 Own portfolio 57,577,240 36,499,025 Third-party portfolio 123,614 340 Free portfolio 10,551,759 3,986,767 FUNDS FROM ACCEPTANCES AND ISSUANCE OF SECURITIES (Notes 4b and 10d) 8,053,711 7,567,557 Real estate, mortgage, credit and similar notes 1,033,738 875,639 Debentures 1,106,433 2,731,931 Foreign borrowings through securities 5,913,540 3,959,987 BORROWINGS AND ONLENDING (Notes 4b and 10e) 24,785,011 18,343,079 Borrowings 2,831,609 3,654,410 Onlending 21,953,402 14,688,669 DERIVATIVE FINANCIAL INSTRUMENTS (Notes 4d and 7h) 3,063,328 1,896,269 TECHNICAL PROVISIONS FOR INSURANCE, PENSION PLAN AND CAPITALIZATION (Notes 4n II and 11a) 48,242,485 41,174,501 OTHER LIABILITIES 51,734,330 46,670,780 Foreign exchange portfolio (Note 9) 766,188 2,345,964 Tax and social security contributions (Notes 4o, 4p and 14c) 12,637,200 16,667,342 Credit card operations (Note 4e) 9,039 12,345 Subordinated debt (Note 10f) 32,054,473 21,597,977 Sundry (Note 13c) 6,267,430 6,047,152 DEFERRED INCOME (Note 4q) 236,560 231,773 MINORITY INTEREST IN SUBSIDIARIES (Note 16e) 3,658,172 3,442,862 STOCKHOLDERS’ EQUITY (Note 16) 57,225,072 48,861,594 Capital 45,000,000 45,000,000 Capital reserves 578,390 631,512 Revenue reserves 12,210,816 4,096,766 Asset valuation adjustment (Notes 4c, 4d and 7d) 156,846 246,828 (Treasury shares) (720,980) (1,113,512) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 686,248,444 612,398,934 Itaú Unibanco S.A. – - September0, 2010 61
Page 1 and 2:
3 rd Quarter 2010 Management Discus
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ITAÚ UNIBANCO HOLDING S.A. RESULTS
Page 5 and 6:
3 rd quarter, 2010 Management Discu
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Executive Summary Third Quarter of
Page 9 and 10:
Executive Summary Third Quarter of
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Executive Summary NPL Ratio over 90
Page 13 and 14: Executive Summary Third Quarter of
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 and 34: 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: BANCO ITAÚ BBA S.A. BOARD OF DIREC
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 95 and 96: I - Derivatives by index Memorandum
Page 101 and 102: V - Accounting hedge a) The purpose
Page 103 and 104: i) Changes in adjustment to market
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
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Itaú Unibanco S.A. - - September0
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NOTE 12 - CONTINGENT ASSETS AND LIA
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- Contingencies classified as possi
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c) Legal Liabilities - Tax and Soci
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The main natures of processes are d
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) Prepaid expenses Commissions 09/3
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d) Banking service fees 01/01 to 09
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f) Personnel expenses Compensation
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NOTE 14 - TAXES a) Composition of e
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III- The estimate of realization an
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d) Taxes paid or provided for and w
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II - Composition of investments 09/
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NOTE 16 - STOCKHOLDERS’ EQUITY a)
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c) Capital and revenue reserves 09/
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f) Stock Option Plan I - Purpose an
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III - Fair Value and Economic Assum
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NOTE 17 - RELATED PARTIES a) Transa
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NOTE 19 - BENEFITS TO EMPLOYEES Und
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In accordance with the operations c
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Analogous to Basel II, the Internat
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e) Fundação Itaú Social - ITAÚ
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Report of Independent Auditors To t
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MD&A and Financial Statements (PDF) - Banco Itaú

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