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

PART A - ACCOUNTING POLICIESSection 1Statement of conformity with IAS/IFRSThe financial statements of Mediobanca S.p.A. for the period ended 30 June2011 have, as required by Italian Legislative Decree 38/05, been drawn up inaccordance with the International Financial Reporting Standards (IFRS) andInternational Accounting Standards (IAS) issued by the International AccountingStandards Board (IASB), which were adopted by the European Commission inaccordance with the procedure laid down in Article 6 of regulation CE 1606/02issued by the European Council and Commission on 19 July 2002. Adoption ofthe new accounting standards with respect to financial reporting by banks wasgoverned by Bank of Italy circular no. 262 issued on 22 December 2005.Section 2General principlesThese consolidated financial statements comprise:– balance sheet;– profit and loss account;– comprehensive profit and loss account;– statement of changes in net equity;– cash flow statement (direct method);– notes to the accounts.All the statements have been drawn up in conformity with the generalprinciples provided for under IAS and the accounting policies illustrated insection 3, and show data for the period under review compared with that for theprevious financial year.– 291