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

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Section 15Heading 150: Other assets15.1 Other assets30/6/11 30/6/101. Gold, silver and precious metals — —2. Accrued income other than capitalized income fromfinancial assets5,644 2,8293. Trade receivables or invoices to be issued 10,357 20,7624. Amounts due from tax revenue authorities(not recorded under Heading 140)164 11,1265. Other items 10,358 18,234- futures and other securities transactions 858 3,318- advance payments on deposit commissions 25 60- other items in transit — 7,350- amounts due to staff 69 43- sundry other items 9,406 7,463Total 26,523 52,951330 –
LiabilitiesSection 1Heading 10: Due to banks1.1 Due to banks: compositionType of transaction/amounts 30/6/11 30/6/101. Due to central banks 200,007 494,9402. Due to banks 8,760,740 7,459,7352.1 Current accounts and demand deposits 5,606,807 4,791,5312.2 Term deposits 513,410 908,5452.3 Borrowings 1,895,794 1,334,6282.3.1 Reverse repos 1,155,169 476,0372.3.2 Others 740,625 858,5912.4 Liabilities in respect of assets sold but notderecognized— —2.5 Other amounts due 744,729 425,031Total book value 8,960,747 7,954,675Total fair value 8,960,747 7,954,675Section 2Heading 20: Due to customers2.1 Due to customers: compositionType of transaction/amounts 30/6/11 30/6/101. Current accounts and demand deposits 285,238 302,8702. Term deposits 23,193 106,5993. Borrowings 755,267 1,246,3573.1 Reverse repos 602,188 1,164,7213.2 others 153,079 81,6364. Liabilities in respect of assets sold but notderecognized— —5. Other amounts due 748,521 396,119Total book value 1,812,219 2,051,945Total fair value 1,812,219 2,051,945– 331
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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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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
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
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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 296 and 297: 2.3 Financial assets held for tradi
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 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
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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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