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

More documents

Recommendations

Info

2.3 Financial assets held for trading: derivative productsDebt securities Equities UCITS unitsLoans andadvancesTotalA. Balance at start of period 9,277,558 1,069,244 349,014 — 10,695,816B. Additions 25,462,030 8,341,740 31,221 — 33,834,991B.1 Acquisitions 25,051,521 8,179,214 28,555 — 33,259,290B.2 Increases in fair value 43,953 19,098 2,512 — 65,563B.3 Other additions 366,556 143,428 154 — 510,138C. Reductions 29,924,715 7,696,765 11,872 — 37,633,352C.1 Disposals 23,371,352 7,543,212 11,814 — 30,926,378C.2 Redemptions 6,403,841 — — — 6,403,841C.3 Reductions in fair value 77,317 78,175 51 — 155,543C.4 Transfers to other portfolios — — — — —C.5 Other reductions 72,205 75,378 7 — 147,590D. Balance at end of period 4,814,873 1,714,219 368,363 — 6,897,455Section 4Heading 40: Available for sale (AFS) securities4.1 AFS securities: composition30/6/11 30/6/10Item/valueLevel 1 Level 2 Level 3 * Level 1 Level 2 Level 3 *1. Debt securities 4,591,176 462,333 1 3,143,354 583,934 —1.1 Structured — — — — — —1.2 Other debt securities 4,591,176 462,333 1 3,143,354 583,934 —2. Equities 558,185 — 994,837 396,359 64,879 1,024,7662.1 Recognized at fair value 558,185 — 994,837 396,359 64,879 1,024,7662.2 Recognized at cost — — — — — —3. UCITS units — — 78,142 — — 23,8894. Loans and advances — — — — — —Total 5,149,361 462,333 1,072,980 3,539,713 648,813 1,048,655* Includes shares in non-listed companies based on internal rating models.310 –
4.2 AFS securities: by borrower/issuerItem/value 30/6/11 30/6/101. Debt securities 5,053,510 3,727,288a. Governments and central banks 2,853,111 912,864b. Other public agencies — —c. Banks 1,127,867 1,248,570d. Other issuers 1,072,532 1,565,8542. Equities 1,553,022 1,486,004a. Banks 378,101 381,628b. Other issuers 1,174,921 1,104,376- insurances — —- financial companies 475,035 545,188- non-financial undertakings 699,886 559,188- others — —3. UCITS units 78,142 23,8894. Loans and advances — —a. Governments and central banks — —b. Other public agencies — —c. Banks — —d. Other issuers — —Total 6,684,674 5,237,1814.3 AFS securities: assets subject to specific hedgingItem/value 30/6/11 30/6/101. Financial assets subject to specific fair value hedges: 438,121 255,640a. interest rate risk 383,868 255,640b. price risk 54,253 —c. exchange rate risk — —d. credit risk — —e. more than one risk — —2. Financial assets subject to specific cash flow hedges: — —a. interest rate risk — —b. exchange rate risk — —c. other — —Total 438,121 255,640– 311
Page 1 and 2:
DraftAnnual Accounts and Reportas a
Page 4 and 5:
C O N T E N T SConsolidated Account
Page 6 and 7:
Page no.* * *Extraordinary business
Page 8:
CONSOLIDATED ACCOUNTS
Page 11 and 12:
— Retail and private banking (RPB
Page 13 and 14:
DEVELOPMENTS IN CAPITAL MARKETSIn t
Page 15 and 16:
comparing total assets with tangibl
Page 17 and 18:
The market capitalization of listed
Page 20 and 21:
RESTATED BALANCE SHEET30/6/10 30/6/
Page 22 and 23:
30 June 2010Corporate &InvestmentBa
Page 24 and 25:
Impaired assets (i.e. non-performin
Page 26 and 27:
upward adjustments to reflect amort
Page 28 and 29:
An updated list of the properties o
Page 30 and 31:
12 mths to 30/6/10 12 mths to 30/6/
Page 32 and 33:
Corporate and Investment Banking30
Page 34 and 35:
This division reported a net profit
Page 36 and 37:
Equity investments and AFS shares
Page 38 and 39:
Mediobanca International (Luxembour
Page 40 and 41:
Principal investing12 mths to 30/6/
Page 42 and 43:
Retail and private bankingb12 mths
Page 44 and 45:
A breakdown of this division’s re
Page 46 and 47:
New loans for the twelve months tot
Page 48 and 49:
Private banking30 June 2010CMB Banc
Page 50 and 51:
transmission, investment advice and
Page 52 and 53:
OTHER INFORMATIONRelated party disc
Page 54 and 55:
Reconciliation of shareholders’ e
Page 56 and 57:
AUDITORS’ REPORT
Page 58 and 59:
CONSOLIDATED FINANCIAL STATEMENTS
Page 60 and 61:
Liabilities and net equity30/6/11 3
Page 62 and 63:
CONSOLIDATED COMPREHENSIVE PROFIT A
Page 64 and 65:
STATEMENT OF CHANGES TO NET EQUITY
Page 66 and 67:
RECONCILIATION OF MOVEMENTS IN CASH
Page 68 and 69:
Page no.Part C -Notes to consolidat
Page 70 and 71:
Sectction 3Area and methods of cons
Page 72 and 73:
Section 4Significant accounting pol
Page 74 and 75:
Assets are tested for impairment at
Page 76 and 77:
HedgesThere are two types of hedge:
Page 78 and 79:
and its related value of use, and a
Page 80 and 81:
Staff severance indemnity provision
Page 82 and 83:
Dividends and commissionsThese are
Page 84 and 85:
A.3.2Fair value rankingA.3.2.1 Asse
Page 86 and 87:
A.3.2.3 Annual changes in financial
Page 88 and 89:
Section 2Heading 20: Financial asse
Page 90 and 91:
2.3 Financial assets held for tradi
Page 92 and 93:
4.3 AFS securities: assets subject
Page 94 and 95:
5.2 Assets held to maturity: by bor
Page 96 and 97:
Section 7Heading 70: Due from custo
Page 98 and 99:
Section 8Heading 80: Hedging deriva
Page 100 and 101:
Section 10Heading 100: Equity inves
Page 102 and 103:
The book value of the investment in
Page 104 and 105:
Section 12Heading 120: Property, pl
Page 106 and 107:
12.4 Tangible assets held for inves
Page 108 and 109:
13.2 Intangible assets: movements d
Page 110 and 111:
14.4 Changes in deferred tax during
Page 112 and 113:
14.6 Changes in deferred tax during
Page 114 and 115:
LiabilitiesSection 1Heading 10: Due
Page 116 and 117:
Section 3Heading 30: Debt securitie
Page 118 and 119:
Section 6Heading 60: Hedging deriva
Page 120 and 121:
Section 11Heading 110: Staff severa
Page 122 and 123:
Section 13Heading 130: Technical re
Page 124 and 125:
Section 16Heading 210: Net equity a
Page 126 and 127:
PART C - NOTES TO CONSOLIDATEDPROFI
Page 128 and 129:
Section 2Headings 40 and 50: Net fe
Page 130 and 131:
Section 4Heading 80: Net trading in
Page 132 and 133:
Section 6Heading 100: Gains (losses
Page 134 and 135:
8.3 Adjustments for impairment to f
Page 136 and 137:
Section 10Heading 160: Income less
Page 138 and 139:
Section 11Heading 180: Administrati
Page 140 and 141:
Section 12Heading 190: 1Net transfe
Page 142 and 143:
Section 16Heading 240: Gains (losse
Page 144 and 145:
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 196 and 197:
A.3 OTC financial derivatives: posi
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:
Page 208 and 209:
1.3 BANKING GROUP: LIQUIDITY RISKQU
Page 210 and 211:
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
Page 246 and 247: — Furniture and intangible assets
Page 248 and 249: Net fee and commission incomeThis h
Page 250 and 251: — the court of appeals in Milan h
Page 252 and 253: esearch project on medium-sized Eur
Page 254 and 255: Declaration in respect of individua
Page 256 and 257: STATUTORY AUDIT COMMITTEE’S REPOR
Page 258 and 259: vii)Finance Act, in the course of w
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
Page 276 and 277: Page no.Part C - Notes to profit an
Page 278 and 279: Section 3Significant accounting pol
Page 280 and 281: Assets are tested for impairment at
Page 282 and 283: - cash flow hedges, which are inten
Page 284 and 285: Goodwill may be recognized where th
Page 286 and 287: All actuarial profits and/or losses
Page 288 and 289: Related parties (IAS 24)In accordan
Page 290 and 291: A.3.2A.3.2.1Fair value rankingAsset
Page 292 and 293: A.3.2.3 Annual changes in financial
Page 294 and 295: Section 2Heading 20: Financial asse
Page 298 and 299: 4.4 AFS securities: movements durin
Page 300 and 301: Section 6Heading 60 - Due from bank
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
Page 308 and 309: Section 11Heading 110: Property pla
Page 310 and 311: 11.4 Tangible assets held for inves
Page 312 and 313: 12.2 Core intangible assets: moveme
Page 314 and 315: 13.4 Changes in deferred tax during
Page 316 and 317: Section 15Heading 150: Other assets
Page 318 and 319: Section 3Heading 30: Debt securitie
Page 320 and 321: Section 6Heading 60: Hedging deriva
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
Page 330 and 331: Section 2Headings 40 and 50: Net fe
Page 332 and 333: Section 3Heading 70: Dividends and
Page 334 and 335: Section 5Heading 90: Net hedging in
Page 336 and 337: Section 8Heading 130: Adjustments f
Page 338 and 339: Section 9Heading 150: Administrativ
Page 340 and 341: Section 11Heading 170: Net adjustme
Page 342 and 343: Section 17Heading 240: Net gain (lo
Page 344 and 345: PART D - COMPREHENSIVE PROFIT AND L
Page 346 and 347:
1. General aspectsThe Bank’s inte
Page 348 and 349:
A.1.2 Financial assets by portfolio
Page 350 and 351:
A.1.2. b Exposures to sovereign deb
Page 352 and 353:
A.1.6 Cash and off-balance-sheet ex
Page 354 and 355:
A.3 Secured exposures by type of se
Page 356 and 357:
B. Loan distribution and concentrat
Page 358 and 359:
B.3 Cash and off-balance-sheet expo
Page 360 and 361:
C. Securitizations and asset dispos
Page 362 and 363:
Quantitative informationC.1.1Exposu
Page 364 and 365:
C.1.4 Exposures to securitizations
Page 366 and 367:
C.2 Asset disposalsC.2.1 Financial
Page 368 and 369:
Section 2Market risk2.1 INTEREST RA
Page 370 and 371:
Table 1 - Value at risk and expecte
Page 372 and 373:
Trend in VaR constituents The
Page 374 and 375:
Page 376 and 377:
2.1 Regulatory trading book: cash e
Page 378 and 379:
HedgingFair value hedgesFair value
Page 380 and 381:
Page 382 and 383:
2. Banking book: cash exposures of
Page 384 and 385:
2.4 FINANCIAL DERIVATIVE PRODUCTSA.
Page 386 and 387:
A.2.2Other derivativesType of trans
Page 388 and 389:
A.4 Financial derivatives: negative
Page 390 and 391:
A.6 OTC financial derivatives: trad
Page 392 and 393:
A.8 OTC financial derivatives: bank
Page 394 and 395:
B. CREDIT DERIVATIVESB.1 Credit der
Page 396 and 397:
Page 398 and 399:
C. CREDIT AND FINANCIAL DERIVATIVES
Page 400 and 401:
indicator generated for the Bank of
Page 402 and 403:
Page 404 and 405:
Section 4Operating riskDefinitionOp
Page 406 and 407:
B.2 AFS valuation reserves: composi
Page 408 and 409:
A. QUALITATIVE INFORMATIONTier 1 ca
Page 410 and 411:
PART H - RELATED PARTY DISCLOSURE1.
Page 412 and 413:
BENEFICIAL INTEREST OF BOARD MEMBER
Page 414 and 415:
Situation at 30 June 2011Groupcompa
Page 416 and 417:
Subsequent to the reporting date, o
Page 418 and 419:
ANNEXES
Page 420 and 421:
Liabilities and net equityIAS-compl
Page 422 and 423:
MEDIOBANCA S.p.A. BALANCE SHEET *As
Page 424 and 425:
MEDIOBANCA S.p.A. PROFIT AND LOSS A
Page 426 and 427:
BANKS AND FINANCIAL COMPANIES (IAS/
Page 428 and 429:
Page 430 and 431:
Page 432 and 433:
Page 434 and 435:
BANKSTABLE B (cont.)BALANCE SHEETSC
Page 436 and 437:
OTHER GROUP COMPANIESTABLE B (cont.
Page 438 and 439:
OTHER FINANCIAL COMPANIES (IAS/IFRS
Page 440 and 441:
OTHER FINANCIAL COMPANIES (IAS/IFRS
Page 442 and 443:
OTHER NON-FINANCIAL UNDERTAKINGS (I
Page 444 and 445:
OTHER NON-FINANCIAL UNDERTAKINGS (I
Page 446 and 447:
OTHERS (IAS/IFRS)TABLE B (cont.)462
Page 448 and 449:
ASSOCIATE COMPANIESTABLE CBALANCE S
Page 450 and 451:
ASSOCIATE COMPANIES TABLE C (cont.
Page 452 and 453:
OTHER ASSOCIATED UNDERTAKINGSTABLE
Page 454 and 455:
Page 456 and 457:
Page 458 and 459:
Page 460 and 461:
Page 462 and 463:
TABLE DSIGNIFICANT EQUITY INVESTMEN
Page 464 and 465:
TABLE D (cont.)Sharecapital€mPar
Page 466 and 467:
APPOINTMENT OF MEMBERS OF BOARD OF
Page 468 and 469:
APPOINTMENT OF MEMBERS AND CHAIRMAN
Page 470 and 471:
REPORT ON STAFF REMUNERATION POLICI
Page 472 and 473:
. Criteria for calculation of bonus
Page 474 and 475:
Restrictions have also been introdu
Page 476 and 477:
ANNEXThe tables below shows the str
Page 478 and 479:
II. Organizational governanceThe pr
Page 480 and 481:
The typical components of remunerat
Page 482 and 483:
- appraisal of the Mediobanca share
Page 484 and 485:
the Bank, valuation criteria linked
Page 486 and 487:
At a Board meeting held on 24 June
Page 488 and 489:
l. Other informationCaps on variabl
Page 490 and 491:
- in the area of related parties, t
Page 492 and 493:
compliance with the terms and proce
Page 494 and 495:
SECTION IIIGeneral MeetingsArticle
Page 496 and 497:
general meeting or otherwise requir
Page 498 and 499:
specified in the notice of general
Page 500 and 501:
eing replaced had been elected from
Page 502 and 503:
3) decisions concerning the acquisi
Page 504 and 505:
transaction concerned, either thems
Page 506 and 507:
Article 17, paragraph 2, points 3 a
Page 508 and 509:
for its operations and the size of
Page 510 and 511:
specifically designated by the Boar
Page 512 and 513:
The proposals for appointments are
Page 514 and 515:
Article 29The Statutory Audit Commi
Page 516 and 517:
AUTHORIZATION TO THE BOARD OF DIREC
Page 518 and 519:
The share capital may also be incre
Page 520 and 521:
The Board of Directors is also auth
Page 522 and 523:
ANNUAL STATEMENT SON CORPORATE GOVE
Page 524 and 525:
At a general meeting held on 28 Oct
Page 526 and 527:
Persons authorized to take part and
Page 528 and 529:
All the Directors have made stateme
Page 530 and 531:
DIRECTORSIRECTORS’ AND STRATEGIC
Page 532 and 533:
With reference to risk management,
Page 534 and 535:
Appointments committeeAppointments
Page 536 and 537:
The Executive Committee is currentl
Page 538 and 539:
HEAD OF COMPANY FINANCIAL REPORTING
Page 540 and 541:
- expresses its opinion on the appo
Page 542 and 543:
INTERNAL DEALINGThe Directors of Me
Page 544 and 545:
In performing his duties, the head
Page 546 and 547:
RISK MANAGEMENT AND INTERNAL ICONTR
Page 548 and 549:
Table 1: BOARD OFMember ****OARD OF
Page 550 and 551:
Table 3:3: OTHER REQUIREMENTS UNDER
Page 552 and 553:
NamePosition held inMediobancaPosts
Page 554:
NamePosition held inMediobancaPosts
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?