NOTE 17 – RELATED PARTIES a) Transactions between related parties are disclosed in compliance with CVM Resolution No. 642, of October 7, 2010, and CMN Resolution No. 3,750 of June 30, 2009. These transactions are carried out at amounts, terms and average rates in accordance with normal market practices during the period, as well as under reciprocal conditions. Transactions between companies included in consolidation were eliminated from the consolidated financial statements and take into consideration the lack of risk. The unconsolidated related parties are the following: <strong>Itaú</strong> Unibanco Participações S.A. (IUPAR) and ITAÚSA, parent companies of ITAÚ UNIBANCO HOLDING;. The non-financial subsidiaries of ITAÚSA, specially: Itautec S.A., Duratex S.A., Elekeiroz S.A. and <strong>Itaú</strong>sa Empreendimentos S.A.; Fundação Itaubanco, FUNBEP – Fundo de Pensão Multipatrocinado, Caixa de Previdência dos Funcionários do BEG (PREBEG), Fundação Bemgeprev, Itaubank Sociedade de Previdência Privada, UBB – Prev Previdência Complementar, and Fundação Banorte Manuel Baptista da Silva de Seguridade Social, closed-end private pension entities that administer supplementary retirement plans sponsored by ITAÚ UNIBANCO HOLDING and/or its subsidiaries; and Fundação <strong>Itaú</strong> Social, Instituto <strong>Itaú</strong> Cultural, Instituto Unibanco, Instituto Assistencial Pedro Di Perna, Instituto Unibanco de Cinema, and Associação Clube A, entities sponsored by ITAÚ UNIBANCO and subsidiaries to act in their respective areas of interest, as described in Notes 22e and 22j. Investments in Porto Seguro <strong>Itaú</strong> Unibanco Participações S.A., SERASA S.A., BSF Holding S.A., Tecnologia Bancária S.A., MCC Securities Inc. and MCC Corredora de Bolsa S.A.. <strong>Itaú</strong> Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 178
The transactions with these related parties are basically characterized by: ITAÚ UNIBANCO HOLDING ITAÚ UNIBANCO HOLDING CONSOLIDATED ASSETS/(LIABILITIES) REVENUE/(EXPENSE) ASSETS/(LIABILITIES) REVENUE/(EXPENSES) 03/31/2013 03/31/2012 01/01 to 01/01 to 01/01 to 01/01 to Annual rate 03/31/2013 03/31/2012 03/31/2013 03/31/2012 03/31/2013 03/31/2012 Interbank investments 38,685,913 37,957,787 626,573 729,983 - 1,792,691 - 45,572 <strong>Itaú</strong> Unibanco S.A. 32,474,384 32,291,172 528,877 641,843 - - - - Grand Cayman Branch 6,211,529 5,666,615 97,696 88,140 - - - - Financeira <strong>Itaú</strong> CBD S.A. Crédito, Financiamento e Investimento - - - - - 606,275 - 15,466 <strong>Itaú</strong> Unibanco Financeira S.A. Crédito, Financiamento e Investimento (Note 2b) - - - - - 164,959 - 4,834 Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento - - - - - 1,021,457 - 25,272 Securities and Derivative financial instruments 10,255,732 3,297,333 138,682 15,654 - - - - Grand Cayman Branch 10,255,732 3,297,333 138,682 15,654 - - - - Deposits (100,103) (4,952,254) (103) (119,810) - - (7) (1,520) <strong>Itaú</strong> Unibanco S.A. (100,103) (4,952,254) (103) (119,810) - - - - Duratex S.A. - - - - - - (4) (1,067) Elekeiroz S.A. - - - - - - (3) (209) Porto Seguro S.A. - - - - - - - (3) Financeira <strong>Itaú</strong> CBD S.A. Crédito, Financiamento e Investimento - - - - - - - (186) <strong>Itaú</strong> Unibanco Financeira S.A. Crédito, Financiamento e Investimento (Note 2b) - - - - - - - (48) Other - - - - - - - (7) Securities sold under repurchase agreements - - - - (28,138) (100,296) (984) (3,367) Duratex S.A. - - - - 100% of SELIC (19,141) - (703) (257) Elekeiroz S.A. - - - - - - (228) (41) Itautec S.A. - - - - 100% of SELIC (2,085) - - - FIC Promotora de Venda Ltda. - - - - - (12,291) - (199) Facilita Promotora S.A. - - - - 100% of SELIC (6,912) (2,127) (53) (66) Olimpia Promoção e Serviços S.A. - - - - - (801) - (43) <strong>Banco</strong> Investcred Unibanco S.A. - - - - - (19,741) - (483) Maxfácil Participações S.A - - - - - (65,336) - (1,584) Other - - - - - - - (694) Amounts receivable from (payable to) related companies (304) (369) - - (81,971) (128,230) - - <strong>Itaú</strong> Corretora de Valores S. A. (304) (369) - - - - - - <strong>Itaú</strong>sa Investimentos <strong>Itaú</strong> S.A. - - - - 108 83 - - Porto Seguro S.A. - - - - - - - - Financeira <strong>Itaú</strong> CBD S.A. Crédito, Financiamento e Investimento - - - - - (442) - - <strong>Itaú</strong> Unibanco Financeira S.A. Crédito, Financiamento e Investimento (Note 2b) - - - - - (1,000) - - Olimpia Promoção e Serviços S.A. - - - - - (1,639) - - Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento - - - - - (2,445) - - Fundação Itaubanco - - - - 1,458 1,234 - - Caixa de Prev.dos Func. do <strong>Banco</strong> Beg - PREBEG - - - - (5,880) (7,933) - - Fundação BEMGEPREV - - - - 21 (8,362) - - UBB Prev Previdência Complementar - - - - - (25,416) - - Fundação Banorte Manuel Baptista da Silva de Seguridade Social - - - - (78,922) (82,664) - - Other - - - - 1,244 354 - - Banking service fees (expenses) - - (795) (1,003) - - 10,420 3,121 <strong>Itaú</strong> Corretora de Valores S. A. - - (795) (949) - - - - Fundação Itaubanco - - - - - - 7,695 5,776 FUNBEP - Fundo de Pensão Multipatrocinado - - - - - - 1,345 1,246 <strong>Itaú</strong>sa Investimentos S.A. - - - (4) - - 247 - Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento - - - - - - - (3,092) Olimpia Promoção e Serviços S.A. - - - - - - - (2,742) Porto Seguro S.A. - - - - - - - - Other - - - (50) - - 1,133 1,933 Rent revenues (expenses) - - (56) - - - (14,469) (9,675) <strong>Itaú</strong>sa Investimentos S.A. - - (4) - - - (367) - <strong>Itaú</strong> Seguros S.A. - - (40) - - - - - Fundação Itaubanco - - - - - - (11,624) (6,831) FUNBEP - Fundo de Pensão Multipatrocinado - - - - - - (2,374) (2,508) Other - - (12) - - - (104) (336) Donation expenses - - - - - - (25,800) (20,700) Instituto <strong>Itaú</strong> Cultural - - - - - - (25,000) (19,900) Associação Clube A - - - - - - (800) (800) Data processing expenses - - (10) (7) - - (71,295) (72,493) Itautec S.A. - - (10) (7) - - (71,295) (72,493) In addition to the aforementioned operations, ITAÚ UNIBANCO HOLDING and non-consolidated related parties, as an integral part of the Agreement for Apportionment of Common Costs of <strong>Itaú</strong> Unibanco, recorded in Other Administrative Expenses in the amount of R$ 1,009 (R$ 1,988 from 01/01 to 03/31/2012) in view of the use of common structure. In accordance with the rules in effect, the financial institutions cannot grant loans or advances to the following: a) b) c) any individual or company that control the Institution or any entity under common control with the institution, or any officer, director, fiscal council member or direct relative of such individuals; any entity controlled by the Institution; or any entity of which the bank directly or indirectly holds at least 10% of capital stock. Therefore, no loans or advances are made to any subsidiaries, executive officers, Board of Directors members or their relatives. ITAÚ UNIBANCO HOLDING made regular donations to Fundação <strong>Itaú</strong> Social, a philanthropic foundation which objectives are: to create "Programa <strong>Itaú</strong> Social", aimed at coordinating activities that are of the community’s interest, support and develop social, scientific and cultural projects, mainly in the elementary education and health areas; support projects or initiatives in progress, maintained or sponsored by entities qualifying to work, according to "Programa <strong>Itaú</strong> Social". In addition, <strong>Itaú</strong> Unibanco is the founding partner and sponsor of Instituto <strong>Itaú</strong> Cultural - IIC, an entity which objective is to promote and preserve the Brazilian cultural heritage. <strong>Itaú</strong> Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 179
- Page 1 and 2:
financial report March 31, 2013 Ita
- Page 3 and 4:
management discussion analysis Ita
- Page 5 and 6:
Executive Summary Information and f
- Page 7 and 8:
Executive Summary Effects of the Re
- Page 9 and 10:
Executive Summary We present below
- Page 11 and 12:
Executive Summary Banking Services
- Page 13 and 14:
Executive Summary Credit Portfolio
- Page 15 and 16:
analysis of net income Itaú Uniban
- Page 17 and 18:
Analysis of Net Income Managerial F
- Page 19 and 20:
Analysis of Net Income Banking Serv
- Page 21 and 22:
Analysis of Net Income Result from
- Page 23 and 24:
Analysis of Net Income Non-interest
- Page 25 and 26:
Analysis of Net Income Points of Se
- Page 27 and 28:
alance sheet, balance sheet by curr
- Page 29 and 30:
Balance Sheet Short-term Interbank
- Page 31 and 32:
Balance Sheet Funding Mar 31, 13 De
- Page 33 and 34:
Balance Sheet by Currency We adopt
- Page 35 and 36:
Capital Ratios (BIS) Solvency Ratio
- Page 37 and 38:
Ownership Structure The management
- Page 39 and 40:
Annual and Extraordinary Stockholde
- Page 41 and 42:
analysis of segments, products and
- Page 43 and 44:
Analysis of Segments Pro Forma Adju
- Page 45 and 46:
Analysis of Segments The pro forma
- Page 47 and 48:
Analysis of Segments Wholesale Bank
- Page 49 and 50:
Products and Services Cards Through
- Page 51 and 52:
anking operations & insurance opera
- Page 53 and 54:
Banking Operations & Insurance Oper
- Page 55 and 56:
Insurance, Life and Pension Plan &
- Page 57 and 58:
Insurance The figures presented in
- Page 59 and 60:
Life and Pension Plan Pro Forma Rec
- Page 61 and 62:
activities abroad Itaú Unibanco Ho
- Page 63 and 64:
Activities abroad Main Operations i
- Page 65 and 66:
Activities abroad Latin America - B
- Page 67 and 68:
Activities abroad Itaú BBA Interna
- Page 70 and 71:
(This page was left in blank intent
- Page 72 and 73:
Itaú Unibanco Holding S.A. - Compl
- Page 74 and 75:
Banco Itaú BMG Consignado S.A. - i
- Page 76 and 77:
3.2) Income R$ billion Statement of
- Page 78 and 79:
Default At March 31, 2013, total de
- Page 80 and 81:
Custody Services - In the custody m
- Page 82 and 83:
In the January-March 2013 period, t
- Page 84 and 85:
ITAÚ UNIBANCO S.A. Chief Executive
- Page 86 and 87:
ITAÚ UNIBANCO HOLDING S.A. Consoli
- Page 88 and 89:
ITAÚ UNIBANCO HOLDING S.A. Consoli
- Page 90 and 91:
ITAÚ UNIBANCO HOLDING S.A. Consoli
- Page 92 and 93:
ITAÚ UNIBANCO HOLDING S.A. Stateme
- Page 94 and 95:
Itaú Unibanco Holding S.A. Stateme
- Page 96 and 97:
ITAÚ UNIBANCO HOLDING S.A. NOTES T
- Page 98 and 99:
In ITAÚ UNIBANCO HOLDING CONSOLIDA
- Page 100 and 101:
NOTE 3 - REQUIREMENTS OF CAPITAL AN
- Page 102 and 103:
During this period, the effects of
- Page 104 and 105:
Cash Flow Hedge - the effective amo
- Page 106 and 107:
Mathematical provisions for benefit
- Page 108 and 109:
NOTE 5 - CASH AND CASH EQUIVALENTS
- Page 110 and 111:
NOTE 7 - SECURITIES AND DERIVATIVE
- Page 112 and 113:
c) Trading securities See below the
- Page 114 and 115:
e) Held-to-maturity securities See
- Page 116 and 117:
I - Derivatives by index Memorandum
- Page 118 and 119:
II - Derivatives by counterparty Se
- Page 120 and 121:
III - Derivatives by notional amoun
- Page 122 and 123:
V - Accounting hedge a) The effecti
- Page 124 and 125:
VI - Realized and unrealized gain o
- Page 126 and 127:
j) Sensitivity analysis (TRADING AN
- Page 128 and 129: II - By maturity and risk level 03/
- Page 130 and 131: ) Credit concentration Loan, lease
- Page 132 and 133: e) Restricted operations on assets
- Page 134 and 135: NOTE 9 - FOREIGN EXCHANGE PORTFOLIO
- Page 136 and 137: c) Deposits received under securiti
- Page 138 and 139: e) Borrowings and onlending BORROWI
- Page 140 and 141: Description Name of security / Curr
- Page 142 and 143: ) Assets Guaranteeing Technical Pro
- Page 144 and 145: NOTE 12 - CONTINGENT ASSETS AND LIA
- Page 146 and 147: - Tax and social security lawsuits
- Page 148 and 149: The main discussions related to Leg
- Page 150 and 151: c) Receivables - Reimbursement of c
- Page 152 and 153: ) Prepaid expenses Commissions 03/3
- Page 154 and 155: d) Banking service fees 01/01 to 03
- Page 156 and 157: f) Personnel expenses Compensation
- Page 158 and 159: NOTE 14 - TAXES a) Composition of e
- Page 160 and 161: ) Deferred taxes I - The deferred t
- Page 162 and 163: III - The estimate of realization a
- Page 164 and 165: d) Taxes paid or provided for and w
- Page 166 and 167: II - Composition of investments 03/
- Page 168 and 169: II) Goodwill CHANGES Amortization p
- Page 170 and 171: NOTE 16 - STOCKHOLDERS’ EQUITY a)
- Page 172 and 173: c) Capital and revenue reserves 03/
- Page 174 and 175: f) Stock Option Plan I - Purpose an
- Page 176 and 177: Summary of Changes in the Share-Bas
- Page 180 and 181: ) Compensation of Management Key Pe
- Page 182 and 183: To obtain the market values for the
- Page 184 and 185: c) Defined benefit plan I - Main as
- Page 186 and 187: V- Change in the net amount recogni
- Page 188 and 189: NOTE 20 - INFORMATION ON FOREIGN SU
- Page 190 and 191: I - Market Risk Market risk is the
- Page 192 and 193: II - Credit Risk Credit risk is the
- Page 194 and 195: NOTE 22 -SUPPLEMENTARY INFORMATION
- Page 196 and 197: Report on Review To the Directors a
- Page 198: ITAÚ UNIBANCO HOLDING S.A. CNPJ. 6