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

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Section 2Heading 20: Financial assets held for trading2.1 Financial assets held for trading: compositionDerivative products30/6/11 30/6/10Level 1 Level 2 Level 3 Level 1 Level 2 Level 3A. Cash assets1. Debt securities 3,938,730 876,142 1 8,465,791 811,764 11.1 Structured 244,838 196,129 — 43,462 — —1.2 Other debt securities 3,693,892 680,013 1 8,422,329 811,764 12. Equities 1,549,923 — 164,296 844,163 34,386 190,6953. UCITS units 332,845 — 35,518 335,532 — 13,4824. Loans and advances — — — — — —4.1 Repos — — — — — —4.2 Others — — — — — —Total A 5,821,498 876,142 199,815 9,645,486 846,150 204,178B. Derivative products1. Financial derivatives 564,179 2,399,568 1,153,063 295,189 3,281,611 990,5081.1 Trading 564,179 2,335,833 758,642 ¹ 295,189 3,157,679 501,397 ¹1.2 Linked to fair value options — — — — — —1.3 Others — 63,735 394,421 ² — 123,932 489,111 ²2. Credit derivatives 1,521,700 189,843 — 192,731 246,253 2,9132.1 Trading 1,521,700 189,843 — 192,731 246,253 2,9132.2 Linked to fair value options — — — — — —2.3 Others — — — — — —Total B 2,085,879 2,589,411 1,153,063 487,920 3,527,864 993,421Total (A+B) 7,907,377 3,465,553 1,352,878 10,133,406 4,374,014 1,197,599¹ Respectively €670,439,000 and €319,636,000 in respect of options traded, matching the amount recorded as a trading liability.² Market value of options covering options matched with bonds issued by Mediobanca and Mediobanca International, against the same amount recorded asa trading liability.308 –
2.2 Financial assets held for trading: by borrower/issuerItem/value 30/6/11 30/6/10A. CASH ASSETS1. Debt securities 4,814,873 9,277,558a. Governments and central banks 1,922,496 5,771,181b. Other public agencies 57,857 —c. Banks 694,284 800,141d. Other issuers 2,140,236 2,706,2362. Equities 1,714,219 1,069,244a. Banks 219,053 267,196b. Other issuers 1,495,166 802,048- insurances 48,815 45,835- financial companies 60,930 77,436- non-financial companies 1,385,421 678,777- others — —3. UCITS units 368,363 349,0144. Loans and advances — —a. Governments and central banks — —b. Other public agencies — —c. Banks — —d. Other entities — —Total A 6,897,455 10,695,816B. DERIVATIVE PRODUCTSa. Banks 4,268,056 3,288,065b. Customers 1,560,297 1,721,140Total B 5,828,353 5,009,205Total (A+B) 12,725,808 15,705,021– 309
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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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14.6 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 6Heading 60: Hedging deriva
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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
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PART D - CONSOLIDATED COMPREHENSIVE
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Corporate banking (Mediobanca)The G
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QUANTITATIVE INFORMATIONCREDIT QUAL
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A.1.2.a Exposures to sovereign debt
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A.1.5Cash exposures to banks: trend
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A.1.8Banking Group - cash exposures
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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 Banking Group - cash and off-ba
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C. Securitizations and asset dispos
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Quantitative informationC.1.1Bankin
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C.1.4Banking Group - exposures to s
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C.1.7Banking Group - servicing: col
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Under the terms of the sale contrac
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C.2.2Banking Group - financial liab
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QUANTITATIVE INFORMATIONThis year h
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Table 2: Value at risk and expected
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QUANTITATIVE INFORMATION1. Regulato
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Currency of denomination: OTHERType
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1.2.2 INTEREST RATE RISK AND PRICE
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the Bank’s various bodies was app
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Currency of denomination: US DOLLAR
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2. Regulatory trading book: cash ex
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QUANTITATIVE INFORMATION1. Assets,
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A.2.A.2.1Banking book: average and
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A.3 OTC financial derivatives: posi
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A.5 OTC financial derivatives: trad
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A.7 OTC financial derivatives: bank
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A.9 OTC financial derivatives by ma
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B.2 OTC credit derivatives: gross p
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1.3 BANKING GROUP: LIQUIDITY RISKQU
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1.4 BANKING GROUP - OPERATING RISKQ
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PART F - INFORMATION ON CONSOLIDATE
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B.3 AFS valuation reserves: movemen
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2.2 Regulatory capital requirements
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B. Quantitative informainformationC
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credit as to €3.6m and credit car
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Situation at 30 June 2011Directors,
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Subsequent to the reporting date, o
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PART L - SEGMENT REPORTINGA. PRIMAR
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B. SECONDARY SEGMENT REPORTINGB.1 P
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ANNUALGENERALMEETING28 OCTOBER 2011
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Ordinary businessACCOUNTS OF THE BA
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Provisions for financial assets inc
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RESTATED BALANCE SHEET 30/6/10 30/6
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Loans and advances to Group compani
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Cash and bank balances include €1
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Page 248 and 249: Net fee and commission incomeThis h
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Page 254 and 255: Declaration in respect of individua
Page 256 and 257: STATUTORY AUDIT COMMITTEE’S REPOR
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Page 260 and 261: Type of serviceRecontaErnst & Young
Page 262 and 263: The Statutory Audit Committee ascer
Page 264 and 265: AUDITORS’ REPORT
Page 266 and 267: INDIVIDUAL FINANCIAL STATEMENTS *(*
Page 268 and 269: Liabilities and net equity30/6/11 3
Page 270 and 271: COMPREHENSIVE PROFIT AND LOSS ACCOU
Page 272 and 273: STATEMENT OF CHANGES TO MEDIOBANCA
Page 274 and 275: RECONCILIATION OF MOVEMENTS IN CASH
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Page 278 and 279: Section 3Significant accounting pol
Page 280 and 281: Assets are tested for impairment at
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Page 290 and 291: A.3.2A.3.2.1Fair value rankingAsset
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Page 298 and 299: 4.4 AFS securities: movements durin
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Page 302 and 303: 7.2 Due from customers: by borrower
Page 304 and 305: Section 10Heading 100: Equity inves
Page 306 and 307: Significant data 1Total assetsTotal
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Page 310 and 311: 11.4 Tangible assets held for inves
Page 312 and 313: 12.2 Core intangible assets: moveme
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Page 318 and 319: Section 3Heading 30: Debt securitie
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Page 322 and 323: Section 11Heading 110: Staff severa
Page 324 and 325: 14.2 Share capital: changes in no.
Page 326 and 327: Other information1. Guarantees and
Page 328 and 329: PART C - NOTES TO PROFIT AND LOSS A
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Page 342 and 343: 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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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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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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