IRR310313.pdf - Banco Itaú

) Deferred taxes
I -
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
PROVISIONS
03/31/2012 03/31/2013 12/31/2012
Realization /
Reversal
DEFERRED TAX ASSETS
Effect of change in
consolidation (1)
Increase
03/31/2013
31/03/2012
31,568,063 (4,549,359) 221,259 4,705,648 31,945,611 28,057,530
3,943,862 (359,594) 58,908 1,088,778 4,731,954 4,049,286
18,133,301 (2,754,099) 128,868 2,454,071 17,962,141 16,052,363
14,963,203 (1,821,615) 104,201 1,693,224 14,939,013 12,338,031
Adjustment to market value of securities and derivative financial instruments (assets/liabilities)
277,873 (277,873) - 382,138 382,138 245,794
Allowance for real estate
62,134 (3,806) - 103,642 161,970 72,878
Goodwill on purchase of investments
2,695,741 (629,345) 24,259 259,092 2,349,747 3,258,854
Other
134,350 (21,460) 408 15,975 129,273 136,806
Related to non-disbursed provisions (2)
22,131,308 24,528,704 9,490,900 (1,435,666) 33,483 1,162,799 9,251,516 7,955,881
Related to the operation
17,072,893 19,470,289 7,467,535 (1,435,666) 33,483 1,162,799 7,228,151 6,236,020
Legal liabilities – tax and social security
2,671,525 3,187,775 1,645,264 (19,577) - 130,267 1,755,954 1,396,499
Provision for contingent liabilities
8,330,822 9,592,012 3,490,867 (369,268) 14,023 463,051 3,598,673 2,954,040
Civil lawsuits 3,126,588 3,676,030 1,421,603 (116,528) 5,329 143,233 1,453,637 1,236,475
Labor claims 2,696,453 3,394,717 1,229,130 (244,406) 4,410 296,524 1,285,658 1,018,865
Tax and social security contributions 2,457,039 2,472,528 821,500 (8,317) 4,183 23,294 840,660 679,180
Other 50,742 48,737 18,634 (17) 101 - 18,718 19,520
Adjustments of operations carried out in futures settlement market
31,881 8,285 8,983 (5,669) - - 3,314 12,585
Provision related to health insurance operations
625,771 639,450 253,836 - - 1,943 255,779 250,309
Other non-deductible provisions
5,412,894 6,042,767 2,068,585 (1,041,152) 19,460 567,538 1,614,431 1,622,587
Related to provisions exceeding the minimum required not disbursed – allowance for loan losses
5,058,415 5,058,415 2,023,365 - - - 2,023,365 1,719,861
Reflected in stockholders’ equity accounts
Corporate reorganizations
Adjustment to market value of available-for-sale securities
- 10,689,182 3,791,284 (156,962) - - 3,634,322 -
- 276,408 148,011 (44,656) - 7,208 110,563 213,639
Total 22,131,308 35,494,294 35,507,358 (4,750,977) 221,259 4,712,856 35,690,496 28,271,169
Social contribution for offset arising from Option established in article 8 of Provisional Measure
No. 2,158-35 of 08/24/2001
658,941 (6,120) - - 652,821 690,648
(1)
(2)
Effect of change in consolidation criteria (Note 2b).
From a financial point of view, rather than recording the provision of R$ 24,528,704 (R$ 22,131,308 at 03/31/2012) and deferred tax assets of R$ 9,251,516 (R$ 7,955,881 at 03/31/2012), only the net provisions of the corresponding tax effects should be considered, which
would reduce the total deferred tax assets from R$ 35,690,496 (R$ 28,271,169 at 03/31/2012) to R$ 26,438,980 (R$ 20,315,288 at 03/31/2012).
At ITAÚ UNIBANCO HOLDING, the deferred tax assets totaled R$ 699,465 (R$ 591,530 at 03/31/2012) and are basically represented by legal liabilities – tax and social security of R$ 462,061 (R$ 359,125
at 03/31/2012), which expected realization is dependent upon the progress of the lawsuit, and tax loss of R$ 233,683 (R$ 263,281 at 03/31/2012).
Itaú Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 160