IRR310313.pdf - Banco Itaú

Analysis of Segments
The pro forma financial statements of the Commercial Banking - Retail, Consumer Credit - Retail, Wholesale Banking and Activities with
the Market + Corporation, presented below, are based on managerial information derived from internal models, so as to more accurately
reflect the activities of the business units.
Pro Forma Balance Sheet by Segment | On December 31, 2012
Pro Forma Income Statement by Segment | 4 th Quarter of 2013
Commercial
Banking - Retail
Consumer
Credit - Retail
Wholesale
Banking
Activities with
the Market +
Corporation
Note: Non-interest Expenses item is made up of Personnel Expenses, Administrative Expenses, Other Tax Expenses and Operating Expenses.
The Consolidated figures do not represent the sum of the parts, because there are transactions between the companies that were eliminated only in the Consolidated figures.
R$ million
Itaú Unibanco
Assets
Current and Long-Term Assets 679,815 87,495 290,437 132,142 1,001,212
Cash and Cash Equivalents 12,441 - 1,527 - 13,967
Short-term Interbank Investments 264,531 - 29,381 3,769 182,034
Short-term Interbank Deposits in the Market 215,400 - 8,251 3,769 182,034
Short-term Interbank Deposits in Intercompany (*) 49,131 - 21,130 - -
Securities and Derivative Financial Instruments 151,014 - 89,837 85,172 276,174
Interbank and Interbranch Accounts 61,679 - 2,967 - 64,610
Loan, Lease and Other Credit Operations 119,902 85,839 156,251 4,309 366,285
(Allowance for Loan Losses) (11,541) (6,751) (4,375) (20) (22,687)
(Complementary Expected Loss Provisions) - - - (5,058) (5,058)
Other Assets 81,788 8,407 14,849 43,971 125,887
Foreign Exchange Portfolio 27,483 - 10,158 13,936 30,960
Others 54,305 8,407 4,691 30,035 94,928
Permanent Assets 6,683 2,601 1,527 2,402 13,213
Total Assets 686,498 90,096 291,964 134,544 1,014,425
Liabilities and Equity
Current and Long-Term Liabilities 664,711 80,532 269,509 112,090 938,165
Deposits 190,701 8 97,483 13,305 243,200
Deposits from Clients 182,738 8 48,352 13,305 243,200
Intercompany deposits (*) 7,963 - 49,131 - -
Deposits Received under Securities Repurchase Agreements 160,914 58,921 82,814 44,678 288,818
Securities Repurchase Agreements in the Market 147,747 58,921 36,373 44,678 288,818
Securities Repurchase Agreements - Intercompany (*) 13,167 - 46,441 - -
Funds from Acceptances and Issue of Securities 90,011 - 8,319 - 55,108
Interbank and Interbranch Accounts 1,087 18 3,910 - 4,979
Borrowings and Onlendings 23,217 2,822 34,391 - 59,125
Derivative Financial Instruments (608) - 14,202 - 11,128
Other Liabilities 106,179 18,764 28,390 54,107 182,598
Foreign Exchange Portfolio 27,681 - 10,104 13,936 31,104
Subordinated Debt and Other 78,497 18,764 18,286 40,171 151,494
Technical Provisions for Insurance, Pension Plans and Capitalization 93,210 - - - 93,210
Deferred Income 955 - 182 - 1,137
Minority Interest in Subsidiaries - - - 903 903
Economic Allocated Capital - Tier I (**) 20,832 9,563 22,273 21,551 74,220
Total Liabilities and Equity 686,498 90,096 291,964 134,544 1,014,425
(*) The Intercompany operations were eliminated in the Consolidated. (**) The Economic Capital allocated to the Activities with the Market + Corporation column contains all
the excess capital of the institution so as to arrive at the accounting net equity.
Commercial
Banking - Retail
Consumer
Credit - Retail
Wholesale
Banking
Activities with
the Market +
Corporation
R$ million
Itaú Unibanco
Operating Revenues 10,870 3,763 3,633 1,668 19,932
Managerial Financial Margin 6,064 2,363 2,601 1,580 12,608
Financial Margin with Clients 6,064 2,363 2,601 705 11,732
Financial Margin with the Market - - - 875 875
Banking Service Fees and Income from Banking Charges 2,764 1,398 960 26 5,149
Result from Insurance, Pension Plans and Capitalization Operations
before Retained Claims and Selling Expenses
2,041 1 72 62 2,176
Loan and Retained Claims/ Losses net of Recovery (2,597) (1,344) (1,099) 13 (5,027)
Expenses for Allowance for Loan Losses (2,971) (1,615) (1,168) 13 (5,741)
Income from Recovery of Credits Written Off as Losses 862 271 77 - 1,210
Retained Claims (488) - (8) - (496)
Operating Margin 8,272 2,419 2,534 1,682 14,906
Other Operating Income/(Expenses) (6,252) (2,001) (1,448) (197) (9,898)
Non-interest Expenses (5,340) (1,737) (1,238) (176) (8,491)
Tax Expenses for ISS, PIS, Cofins and Other Taxes (635) (264) (210) (21) (1,130)
Selling Expenses From Insurance (278) - - - (278)
Income before Tax and Profit Sharing 2,020 418 1,085 1,485 5,008
Income Tax and Social Contribution (685) (104) (323) (347) (1,459)
Minority Interests in Subsidiaries - (40) - (8) (47)
Recurring Net Income 1,335 274 762 1,130 3,502
(RAROC) – Return on Average Tier I Allocated Capital 24.5% 11.0% 14.1% 23.8% 19.3%
Risk Adjusted Efficiency Ratio (RAER) 80.3% 88.1% 68.3% 9.8% 73.4%
Efficiency Ratio (ER) 54.9% 49.6% 36.2% 10.7% 46.6%
Management Discussion & Analysis Itaú Unibanco Holding S.A. 45