IRR310313.pdf - Banco Itaú

d) Defined contribution plans
The defined contribution plans have pension funds set up by the portion of sponsors’ contributions not included in the participant’s accounts balance
and by the loss of eligibility to a plan benefit, as well as by resources from the migration from the defined benefit plans. The fund will be used for future
contributions to the individual participants' accounts, according to the rules of the respective benefit plan regulation.
I - Change in the net amount recognized in the balance sheet:
03/31/2013 03/31/2012
Pension Plan
Recognized Pension Plan
Recognized
Asset Ceiling
Asset Ceiling
Fund
Amount Fund
Amount
Amount - beginning of the period 2,645,829 (317,834) 2,327,995 1,756,562 (313,376) 1,443,186
Net interest 51,495 (6,467) 45,028 48,717 (8,691) 40,026
Contribution (39,762) - (39,762) (47,395) - (47,395)
Effects on asset ceiling - - - - (259) (259)
Financial Gain/(Loss) 8,579 - 8,579 19,337 8,691 28,029
Amount - end of the period (Note 13a) 2,666,141 (324,301) 2,341,840 1,777,221 (313,635) 1,463,586
II- Total amounts recognized in Income for the Period and Stockholders’ Equity – Capital reserves:
Income
Stockholders’ Equity
01/01 a 01/01 a
03/31/2013 03/31/2012
03/31/2013 03/31/2012
Contributions
(39,762) (47,395) - -
Net interest
45,028 40,026 - -
Financial Gain/(Loss)
- - 8,579 28,029
Effects on asset ceiling
- - - (259)
Total Amounts Recognized 5,266 (7,370) 8,579 27,770
In the period, contributions to the defined contribution plans, including PGBL, totaled R$ 53,915 (R$ 60,091 at 03/31/2012), of which R$ 39,762 (R$
47,395 at 03/31/2012) arises from pension funds.
e)
Other post-employment benefits
ITAÚ UNIBANCO HOLDING and its subsidiaries do not offer other post-employment benefits, except in those cases arising from obligations under
acquisition agreements signed by ITAÚ UNIBANCO HOLDING, as well as in relation to the benefits granted due to a judicial sentence, in accordance
with the terms and conditions established, in which health plans are totally or partially sponsored for specific groups of former workers and
beneficiaries.
Based on the reported prepared by an independent actuary, the changes in obligations for these other projected benefits and the amounts recognized
in the balance sheet, under liabilities, of Itaú Unibanco Holding are as follows:
I - Change in the net amount recognized in the balance sheet:
03/31/2013 03/31/2012
At the beginning of the period (148,523) (120,154)
Cost of interest (3,107) (2,979)
Benefits paid 1,238 1,546
Actuarial loss (6,828) -
At the end of the period (Note 13c) (157,220) (121,587)
II- Total amounts recognized in Income for the Period and Stockholders’ Equity – Capital reserves:
Income
Stockholders’ Equity
01/01 a 01/01 a
03/31/2013 03/31/2012
03/31/2013 03/31/2012
Net interest
(3,107) (2,979) - -
Benefits paid 1,238 1,546 - -
Actuarial loss - - (6,828) -
Total Amounts Recognized (1,869) (1,433) (6,828) -
We present below the estimated benefit payments for the next 10 years:
Period
Estimated
payment
2013 6,136
2014 6,671
2015 7,233
2016 7,796
2017 8,409
2018 to 2022 52,171
III- Sensitivity Analyses - Cost of Healthcare
For calculation of benefits obligations projected beyond the assumptions used for the defined benefit plans (Note 19c l), the 8.16% p.a. increase in
medical costs assumption is adopted.
Assumptions for rates related to medical assistance costs have a significant impact on the amounts recognized in income. A change of one
percentage point in the medical assistance cost rates would have the effects as follows:
Recognition
1.0% decrease 1.0% decrease
Service cost and cost of interest Income 2,161 (1,699)
Ppresent value of obligation Capital reserves 26,486 (20,819)
Itaú Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 187