996 - Banca Antonveneta

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Section 14Profits (Losses) from investments - Entry 21014.1 Profits (Losses) from investments: breakdownIncome item/Value 31.12.2007 31.12.2006A. Income - 531. Revaluations - -2. Profits from disposal - 533. Write-backs - -4. Other positive changes - -B. Charges (2,852) (21)1. Write-downs - -2. Value adjustments from impairments (2,001) -3. Losses from disposal (851) (21)4. Other negative changes - -Net income (2,852) 32Item B.2 “Value adjustments from impairment” includes the depreciation of La Cittadella S.p.A.Item B.3 “Losses from disposal” includes the loss for the sale of Cerere S.r.l.Section 17Profits (Losses) on investments disposal - Entry 24017.1 Profits (Losses) on investments disposal: breakdownIncome item/Value 31.12.2007 31.12.2006A. Property - 4- Profits from disposal - 7- Losses from disposal - (3)B. Other activities (233) (275)- Profits from disposal 15 40- Losses from disposal (248) (315)Net income (233) (271)309
Section 18Taxes on income from continuing operations - Entry 26018.1 Taxes on income from continuing operations: breakdownItem/ValueIRES(corporation tax)IRAP(regionalbusiness tax)Other taxes 31.12.2007 31.12.20061. Current taxes (-) - (41,831) (10,248) (52,079) (120,107)2. Change in current taxes for previous periods (+/-) 2,335 107 2,761 5,203 (3,196)3. Reduction in current tax payable for fiscal year (+/-) 26,602 - - 26,602 -4. Changes in prepaid taxes (+/-) (154,253) (9,665) - (163,918) (91,354)5. Change in deferred taxes (+/-) (3,331) 570 - (2,761) (14,445)6. Income taxes for the period (-) (-1+/-2+3+/-4+/-5) (128,647) (50,819) (7,487) (186,953) (229,102)18.2 Reconciliation of theoretical fiscal charge and effective fiscal chargeIRES (corporation tax)Corporateincome tax %(IRES)Corporate income taxes with nominal rate application 56,697 33.00Effect of tax increases:Losses from securities 32,733 19.05Sundry administrative expenses 1,718 1.00Allowance to provisions 7,080 4.12Telephone costs 1,051 0.61Effect of changing rate on deferred tax 63,256 36.82Other increases 2,155 1.25Total increases 107,993 62.85Effect of tax decreases:Dividends (26,612) -15.49Capital gains on securities (6,716) -3.91Othed decreases (231) -0.13Lower tax attributable to prior years (2,484) -1.45Total decreases (36,043) -20.98Total tax changes 71,950 41.87Corporate income taxes accounted for in P&L 128,647 74.87IRAP (regional business tax)Regional tax onbusinessactivities (IRAP)Regional taxes on business activities with nominal rate application 7,302 4.25Effect of tax increases:Personnel costs 28,623 16.66Net adjustments to loans 15,788 9.19Allowances for risks and charges 1,827 1.06Charges in corporate income tax pertaining to losses from securities 3,189 1.86Charges in corporate income tax pertaining to other increases 655 0.38Other increases 700 0.41Rate increases resolved upon by regions 6,533 3.80Total increases 57,315 33.36effect of tax decreases:Dividends (3,580) -2.08Profits/losses from immobilized securities (2,915) -1.70"Tax wedge" deduction (2,625) -1.53Charges in corporate income tax pertaining to other decreases (13) -0.01Effect of changing rate on deferred tax (3,451) -2.01Lower tax attributable to prior years (87) -0.05Other decreases (1,127) -0.66Total decreases (13,798) -8.04Total tax changes 43,517 25.32Regional taxes in business activities accounted for in P&L 50,819 29.57%310
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\\ItAntonvenetaAnnualReport2007XII
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Board of DirectorsChairman * France
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GROUPSTRUCTUREANTONVENETAANTONVENET
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The Macroeconomic ScenarioDear Shar
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• Santander: Business unit in Lat
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Performance in 2007Comparability wi
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As at 31 December 2007, loans to cu
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In detail, 19 new issues of unit-li
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The economic and financial performa
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Impaired and performingloansNET POS
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Income StatementThe 2007 income sta
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Performance of the main Antonveneta
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Antenore Finance Società dicartola
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Relevant events occurred after clos
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CONSOLIDATED FINANCIAL STATEMENTSCo
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Consolidated Income Statement€/th
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Statement of changes in consolidate
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A.1 - GENERAL PARTSection 1 - PREPA
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investments are originally recognis
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loans past due for over 180 days ac
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Valuation criteria and recognition
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Financial liabilities held for trad
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Prepaid tax assets and deferred tax
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ASSETSSection 1Cash and cash equiva
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2.2 Financial assets held for tradi
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Section 3Financial assets designate
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Section 4Financial assets available
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4.5.1 Financial assets available fo
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Section 7Loans to customers - Entry
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Section 8Hedging derivative contrac
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Section 12Tangible fixed assets - E
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12.3.3 Fixed assets for functional
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Section 14Tax assets and liabilitie
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14.5 Changes in prepaid taxes (offs
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Section 16Other assets - Entry 1601
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Section 2Due to customers - Entry 2
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3.3 Securities issued: securities u
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4.4.1 Trading financial liabilities
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Section 8Tax liabilities - Entry 80
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The actuarial assumptions used in t
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• discount rate. The financial ba
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12.3.2 Personnel pension fund (ex-B
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15.5 Income reserves: other informa
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Section 16Minority interests - Entr
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OTHER INFORMATION1. Guarantees and
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121
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Section 1Interest - Entries 10 and
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Section 2Commissions - Entries 40 a
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Section 3Dividends and similar inco
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Section 5Net profit on hedging - En
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Section 7Net change in value of fin
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Section 11Administrative expenses -
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Section 12Net allowances for risks
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Section 14Net value adjustments to
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Section 16Profits (Losses) from inv
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Section 20Taxes on income from cont
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Section 22Third party profit (loss)
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145
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A. PRIMARY REPORTINGA.1. Distributi
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This section provides information w
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Section 1CREDIT RISKQUANTITATIVE IN
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A.1.5 Cash Exposures to Banks: Tren
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A.3 DISTRIBUTION OF GUARANTEED EXPO
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A.3.4 Impaired "off balance sheet"
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B.1 By-sector distribution of cash
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C. SECURITISATIONS AND TRANSFER OF
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THEANO FINANCE SPASUMMARY STATEMENT
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GIOTTO FINANCE 2 SPASUMMARY STATEME
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2.3 PRICE RISKREGULATORY TRADING PO
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2.5 EXCHANGE RATE RISKQUANTITATIVE
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2.6 DERIVATIVE FINANCIAL INSTRUMENT
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A.2 Bank Portfolio: notional values
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A.4 "Over the counter" financial de
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A.6 Residual duration of "over the
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Currency: STERLINGEntry/Time bandOn
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2. Distribution of financial liabil
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Section 1Shareholders' equityA. QUA
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B. QUANTITATIVE INFORMATIONExposure
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1 - Information on directors' and e
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INDIVIDUAL FINANCIAL STATEMENTS DAT
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Dear Shareholders,In addition to il
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Banca Antonveneta in 2007, a new se
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Distribution ChannelsDuring 2007, B
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The Economic and Financial TrendsDe
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INDIRECT DEPOSITS(in millions of Eu
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Financial Assets(€/thousand)31.12
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Income StatementThe Income Statemen
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Relevant events occurred after the
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4. During the fiscal year 2007, the
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Balance Sheet - Liabilities and sha
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Statement of changes in consolidate
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CASH FLOW STATEMENT (Direct method)
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233
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A.1 - GENERALSection 1 - Statement
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the accumulated profit or loss are
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Recognition and derecognition crite
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Intangible fixed assets include goo
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Valuation criteria and recognition
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247
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ASSETSSection 1Cash and cash equiva
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2.2 Financial assets held for tradi
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Section 3Financial assets designate
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Section 4Financial assets available
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4.5 Financial assets available for
Page 260 and 261: Section 7Loans to customers - Entry
Page 262 and 263: Section 8Hedging derivative contrac
Page 264 and 265: 10.3 Investments: annual changes31.
Page 266 and 267: 11.3 Fixed assets for functional us
Page 268 and 269: Section 12Intangible fixed assets -
Page 270 and 271: 13.2 Deferred tax liabilities: brea
Page 272 and 273: 13.5 Changes in prepaid taxes (offs
Page 274 and 275: Section 15Other assets - Entry 1501
Page 276 and 277: Section 2Due to customers - Entry 2
Page 278 and 279: 3.3 Securities issued: securities u
Page 280 and 281: 4.4 Trading financial liabilities:
Page 282 and 283: Section 8Tax liabilities - Entry 80
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Page 286 and 287: • discount rate. The financial ba
Page 288 and 289: 12.3.2 Personnel pension fund (ex-B
Page 290 and 291: 14.5 Income reserves: other informa
Page 292 and 293: Other information1. Guarantees and
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Page 296 and 297: Section 1Interest - Entries 10 and
Page 298 and 299: Section 2Commissions - Entries 40 a
Page 300 and 301: Section 3Dividends and similar inco
Page 302 and 303: Section 5Net profit on hedging - En
Page 304 and 305: Section 7Net profit/(loss) from fin
Page 306 and 307: Section 9Administrative expenses -
Page 308 and 309: Section 10Net allowances for risks
Page 312 and 313: Section 19Income (loss) after tax f
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Page 316 and 317: Section 1CREDIT RISKQUALITATIVE INF
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Page 322 and 323: A.1.3 Exposure to Cash and Off-Bala
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Page 334 and 335: C.1.7 Service activities - revenue
Page 336 and 337: Section 2MARKET RISK2.1 INTEREST RA
Page 338 and 339: Risk controlRisk control is carried
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Page 342 and 343: QUANTITATIVE INFORMATIONSensitivity
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Page 346 and 347: transactions, (iii) comparable tran
Page 348 and 349: 2.5 EXCHANGE RATE RISKQUALITATIVE I
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Page 356 and 357: SECTION 3LIQUIDITY RISKQUALITATIVE
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2. Distribution of financial liabil
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• attributing the regular segment
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Section 1Company assetsA. QUALITATI
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B. QUANTITATIVE INFORMATIONExposure
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Breakdown of net shareholders' equi
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Fees to directors, board of auditor
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Information required by art. 2497 b
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EQUITY INVESTMENTS Situation at 31
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INTERNATIONAL ACCOUNTING STANDARDS
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996 - Banca Antonveneta

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