Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

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A.3 OTC financial derivatives: positive fair value – counterparty riskPositive fair valueType of transactionsOver the counter30/6/11 30/6/10CentralcounterpartiesOver the counterCentralcounterpartiesA. Regulatory trading book 3,341,307 557,639 3,777,654 294,494a) Options 1,312,267 544,815 919,433 288,325b) Interest rate swaps 1,768,448 — 2,453,180 —c) Cross currency swaps 76,720 — 30,053 —d) Equity swaps 91,032 — 315,821 —e) Forwards 92,839 — 59,117 1,122f) Futures — 12,824 — 5,047g) Others 1 — 50 —B. Banking book: hedge derivatives 1,481,246 — 1,961,652 —a) Options — — — —b) Interest rate swaps 1,418,580 — 1,960,333 —c) Cross currency swaps — — 1,319 —d) Equity swaps — — — —e) Forwards — — — —f) Futures — — — —g) Others 62,666 — — —C. Banking book: other derivatives 117,586 — 286,284 —a) Options 113,565 — 286,284 —b) Interest rate swaps 4,021 — — —c) Cross currency swaps — — — —d) Equity swaps — — — —e) Forwards — — — —f) Futures — — — —g) Others — — — —Total 4,940,139 557,639 6,025,590 294,494200 –
A.4 Financial derivatives: negative fair value – financial riskNegative fair valueType of transaction30/6/11 30/6/10Over the counterCentralcounterpartiesOver the counterCentralcounterpartiesA. Regulatory trading book (3,484,830) (518,937) (4,154,396) (255,896)a) Options (1,230,067) (511,173) (905,586) (239,051)b) Interest rate swaps (1,916,078) — (2,730,724) —c) Cross currency swaps (62,475) — (135,793) —d) Equity swaps (218,086) — (223,127) —e) Forwards (58,123) — (159,127) (126)f) Futures — (7,764) — (16,719)g) Others (1) — (39) —B. Banking book: hedge derivatives (707,717) — (789,716) —a) Options (62,669) — (92,311) —b) Interest rate swaps (639,630) — (689,757) —c) Cross currency swaps (5,296) — (5,483) —d) Equity swaps (122) — — —e) Forwards — — (2,165) —f) Futures — — — —g) Others — — — —C. Banking book: other derivatives (291,137) — (343,651) —a) Options (291,137) — (340,251) —b) Interest rate swaps — — (3,400) —c) Cross currency swaps — — — —d) Equity swaps — — — —e) Forwards — — — —f) Futures — — — —g) Others — — — —Total (4,483,684) (518,937) (5,287,763) (255,896)– 201
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DraftAnnual Accounts and Reportas a
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C O N T E N T SConsolidated Account
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Page no.* * *Extraordinary business
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CONSOLIDATED ACCOUNTS
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— Retail and private banking (RPB
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DEVELOPMENTS IN CAPITAL MARKETSIn t
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comparing total assets with tangibl
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The market capitalization of listed
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RESTATED BALANCE SHEET30/6/10 30/6/
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30 June 2010Corporate &InvestmentBa
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Impaired assets (i.e. non-performin
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upward adjustments to reflect amort
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An updated list of the properties o
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12 mths to 30/6/10 12 mths to 30/6/
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Corporate and Investment Banking30
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This division reported a net profit
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Equity investments and AFS shares
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Mediobanca International (Luxembour
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Principal investing12 mths to 30/6/
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Retail and private bankingb12 mths
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A breakdown of this division’s re
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New loans for the twelve months tot
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Private banking30 June 2010CMB Banc
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transmission, investment advice and
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OTHER INFORMATIONRelated party disc
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Reconciliation of shareholders’ e
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AUDITORS’ REPORT
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CONSOLIDATED FINANCIAL STATEMENTS
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Liabilities and net equity30/6/11 3
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CONSOLIDATED COMPREHENSIVE PROFIT A
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STATEMENT OF CHANGES TO NET EQUITY
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RECONCILIATION OF MOVEMENTS IN CASH
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Page no.Part C -Notes to consolidat
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Sectction 3Area and methods of cons
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Section 4Significant accounting pol
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Assets are tested for impairment at
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HedgesThere are two types of hedge:
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and its related value of use, and a
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Staff severance indemnity provision
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Dividends and commissionsThese are
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A.3.2Fair value rankingA.3.2.1 Asse
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A.3.2.3 Annual changes in financial
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Section 2Heading 20: Financial asse
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2.3 Financial assets held for tradi
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4.3 AFS securities: assets subject
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5.2 Assets held to maturity: by bor
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Section 7Heading 70: Due from custo
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Section 8Heading 80: Hedging deriva
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Section 10Heading 100: Equity inves
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The book value of the investment in
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Section 12Heading 120: Property, pl
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12.4 Tangible assets held for inves
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13.2 Intangible assets: movements d
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14.4 Changes in deferred tax during
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LiabilitiesSection 1Heading 10: Due
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Section 3Heading 30: Debt securitie
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Section 11Heading 110: Staff severa
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Section 13Heading 130: Technical re
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Section 16Heading 210: Net equity a
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PART C - NOTES TO CONSOLIDATEDPROFI
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Section 2Headings 40 and 50: Net fe
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Section 4Heading 80: Net trading in
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Section 6Heading 100: Gains (losses
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8.3 Adjustments for impairment to f
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Section 10Heading 160: Income less
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Section 11Heading 180: Administrati
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Section 12Heading 190: 1Net transfe
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Section 16Heading 240: Gains (losse
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20.2 Reconciliation between theoret
Page 146 and 147: PART D - CONSOLIDATED COMPREHENSIVE
Page 148 and 149: Corporate banking (Mediobanca)The G
Page 150 and 151: QUANTITATIVE INFORMATIONCREDIT QUAL
Page 152 and 153: A.1.2.a Exposures to sovereign debt
Page 154 and 155: A.1.5Cash exposures to banks: trend
Page 156 and 157: A.1.8Banking Group - cash exposures
Page 158 and 159: A.3 Secured exposures by type of se
Page 160 and 161: B. Loan distribution and concentrat
Page 162 and 163: B.3 Banking Group - cash and off-ba
Page 164 and 165: C. Securitizations and asset dispos
Page 166 and 167: Quantitative informationC.1.1Bankin
Page 168 and 169: C.1.4Banking Group - exposures to s
Page 170 and 171: C.1.7Banking Group - servicing: col
Page 172 and 173: Under the terms of the sale contrac
Page 174 and 175: C.2.2Banking Group - financial liab
Page 176 and 177: QUANTITATIVE INFORMATIONThis year h
Page 178 and 179: Table 2: Value at risk and expected
Page 180 and 181: QUANTITATIVE INFORMATION1. Regulato
Page 182 and 183: Currency of denomination: OTHERType
Page 184 and 185: 1.2.2 INTEREST RATE RISK AND PRICE
Page 186 and 187: the Bank’s various bodies was app
Page 188 and 189: Currency of denomination: US DOLLAR
Page 190 and 191: 2. Regulatory trading book: cash ex
Page 192 and 193: QUANTITATIVE INFORMATION1. Assets,
Page 194 and 195: A.2.A.2.1Banking book: average and
Page 198 and 199: A.5 OTC financial derivatives: trad
Page 200 and 201: A.7 OTC financial derivatives: bank
Page 202 and 203: A.9 OTC financial derivatives by ma
Page 204 and 205: B.2 OTC credit derivatives: gross p
Page 206 and 207: B.5 OTC credit derivatives: gross p
Page 208 and 209: 1.3 BANKING GROUP: LIQUIDITY RISKQU
Page 210 and 211: Currency of denomination: US DOLLAR
Page 212 and 213: 1.4 BANKING GROUP - OPERATING RISKQ
Page 214 and 215: PART F - INFORMATION ON CONSOLIDATE
Page 216 and 217: B.3 AFS valuation reserves: movemen
Page 218 and 219: 2.2 Regulatory capital requirements
Page 220 and 221: B. Quantitative informainformationC
Page 222 and 223: credit as to €3.6m and credit car
Page 224 and 225: Situation at 30 June 2011Directors,
Page 226 and 227: Subsequent to the reporting date, o
Page 228 and 229: PART L - SEGMENT REPORTINGA. PRIMAR
Page 230 and 231: B. SECONDARY SEGMENT REPORTINGB.1 P
Page 232 and 233: ANNUALGENERALMEETING28 OCTOBER 2011
Page 234 and 235: Ordinary businessACCOUNTS OF THE BA
Page 236 and 237: Provisions for financial assets inc
Page 238 and 239: RESTATED BALANCE SHEET 30/6/10 30/6
Page 240 and 241: Loans and advances to Group compani
Page 242 and 243: Cash and bank balances include €1
Page 244 and 245: current prices). Further explanatio
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— Furniture and intangible assets
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Net fee and commission incomeThis h
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— the court of appeals in Milan h
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esearch project on medium-sized Eur
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Declaration in respect of individua
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STATUTORY AUDIT COMMITTEE’S REPOR
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vii)Finance Act, in the course of w
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Type of serviceRecontaErnst & Young
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The Statutory Audit Committee ascer
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AUDITORS’ REPORT
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INDIVIDUAL FINANCIAL STATEMENTS *(*
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Liabilities and net equity30/6/11 3
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COMPREHENSIVE PROFIT AND LOSS ACCOU
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STATEMENT OF CHANGES TO MEDIOBANCA
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RECONCILIATION OF MOVEMENTS IN CASH
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Page no.Part C - Notes to profit an
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Section 3Significant accounting pol
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Assets are tested for impairment at
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- cash flow hedges, which are inten
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Goodwill may be recognized where th
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All actuarial profits and/or losses
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Related parties (IAS 24)In accordan
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A.3.2A.3.2.1Fair value rankingAsset
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A.3.2.3 Annual changes in financial
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Section 2Heading 20: Financial asse
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2.3 Financial assets held for tradi
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4.4 AFS securities: movements durin
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Section 6Heading 60 - Due from bank
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7.2 Due from customers: by borrower
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Section 10Heading 100: Equity inves
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Significant data 1Total assetsTotal
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Section 11Heading 110: Property pla
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11.4 Tangible assets held for inves
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12.2 Core intangible assets: moveme
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Section 15Heading 150: Other assets
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Section 3Heading 30: Debt securitie
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Section 11Heading 110: Staff severa
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14.2 Share capital: changes in no.
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Other information1. Guarantees and
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PART C - NOTES TO PROFIT AND LOSS A
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Section 2Headings 40 and 50: Net fe
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Section 3Heading 70: Dividends and
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Section 5Heading 90: Net hedging in
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Section 8Heading 130: Adjustments f
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Section 9Heading 150: Administrativ
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Section 11Heading 170: Net adjustme
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Section 17Heading 240: Net gain (lo
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PART D - COMPREHENSIVE PROFIT AND L
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1. General aspectsThe Bank’s inte
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A.1.2 Financial assets by portfolio
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A.1.2. b Exposures to sovereign deb
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A.1.6 Cash and off-balance-sheet ex
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A.3 Secured exposures by type of se
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B. Loan distribution and concentrat
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B.3 Cash and off-balance-sheet expo
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C. Securitizations and asset dispos
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Quantitative informationC.1.1Exposu
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C.1.4 Exposures to securitizations
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C.2 Asset disposalsC.2.1 Financial
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Section 2Market risk2.1 INTEREST RA
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Table 1 - Value at risk and expecte
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Trend in VaR constituents The
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Currency of denomination: US DOLLAR
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2.1 Regulatory trading book: cash e
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HedgingFair value hedgesFair value
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2. Banking book: cash exposures of
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2.4 FINANCIAL DERIVATIVE PRODUCTSA.
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A.2.2Other derivativesType of trans
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A.4 Financial derivatives: negative
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A.6 OTC financial derivatives: trad
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A.8 OTC financial derivatives: bank
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B. CREDIT DERIVATIVESB.1 Credit der
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B.4 OTC credit derivatives: gross p
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C. CREDIT AND FINANCIAL DERIVATIVES
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indicator generated for the Bank of
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Section 4Operating riskDefinitionOp
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B.2 AFS valuation reserves: composi
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A. QUALITATIVE INFORMATIONTier 1 ca
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PART H - RELATED PARTY DISCLOSURE1.
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BENEFICIAL INTEREST OF BOARD MEMBER
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Situation at 30 June 2011Groupcompa
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Subsequent to the reporting date, o
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ANNEXES
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Liabilities and net equityIAS-compl
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MEDIOBANCA S.p.A. BALANCE SHEET *As
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MEDIOBANCA S.p.A. PROFIT AND LOSS A
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BANKS AND FINANCIAL COMPANIES (IAS/
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BANKSTABLE B (cont.)BALANCE SHEETSC
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OTHER GROUP COMPANIESTABLE B (cont.
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OTHER FINANCIAL COMPANIES (IAS/IFRS
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OTHER FINANCIAL COMPANIES (IAS/IFRS
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OTHER NON-FINANCIAL UNDERTAKINGS (I
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OTHER NON-FINANCIAL UNDERTAKINGS (I
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OTHERS (IAS/IFRS)TABLE B (cont.)462
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ASSOCIATE COMPANIESTABLE CBALANCE S
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ASSOCIATE COMPANIES TABLE C (cont.
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OTHER ASSOCIATED UNDERTAKINGSTABLE
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TABLE DSIGNIFICANT EQUITY INVESTMEN
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TABLE D (cont.)Sharecapital€mPar
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APPOINTMENT OF MEMBERS OF BOARD OF
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APPOINTMENT OF MEMBERS AND CHAIRMAN
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REPORT ON STAFF REMUNERATION POLICI
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. Criteria for calculation of bonus
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Restrictions have also been introdu
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ANNEXThe tables below shows the str
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II. Organizational governanceThe pr
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The typical components of remunerat
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- appraisal of the Mediobanca share
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the Bank, valuation criteria linked
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At a Board meeting held on 24 June
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l. Other informationCaps on variabl
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- in the area of related parties, t
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compliance with the terms and proce
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SECTION IIIGeneral MeetingsArticle
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general meeting or otherwise requir
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specified in the notice of general
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eing replaced had been elected from
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3) decisions concerning the acquisi
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transaction concerned, either thems
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Article 17, paragraph 2, points 3 a
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for its operations and the size of
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specifically designated by the Boar
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The proposals for appointments are
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Article 29The Statutory Audit Commi
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AUTHORIZATION TO THE BOARD OF DIREC
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The share capital may also be incre
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The Board of Directors is also auth
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ANNUAL STATEMENT SON CORPORATE GOVE
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At a general meeting held on 28 Oct
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Persons authorized to take part and
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All the Directors have made stateme
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DIRECTORSIRECTORS’ AND STRATEGIC
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With reference to risk management,
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Appointments committeeAppointments
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The Executive Committee is currentl
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HEAD OF COMPANY FINANCIAL REPORTING
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- expresses its opinion on the appo
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INTERNAL DEALINGThe Directors of Me
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In performing his duties, the head
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RISK MANAGEMENT AND INTERNAL ICONTR
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Table 1: BOARD OFMember ****OARD OF
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Table 3:3: OTHER REQUIREMENTS UNDER
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NamePosition held inMediobancaPosts
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NamePosition held inMediobancaPosts
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Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

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