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

More documents

Recommendations

Info

A.4 Financial derivatives: negative fair value – breakdown by productNegative fair valueType of transaction30/6/11 30/6/10Over the counter Central counterparties Over the counter Central counterpartiesA. Regulatory trading book 3,800,477 518,937 4,488,821 255,896a) Options 1,232,702 (511,173) (906,774) (239,051)b) Interest rate swaps (2,229,451) — (3,022,713) —c) Cross currency swaps (62,600) — (159,201) —d) Equity swaps (218,086) — (223,127) —e) Forwards (57,638) — (177,006) (126)f) Futures — (7,764) — (16,719)g) Others — — — —B. Banking book: hedge derivatives (786,112) — (845,481) —a) Options (62,669) — (92,311) —b) Interest rate swaps (718,025) — (745,522) —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 (288,502) — (342,345) —a) Options (288,502) — (338,945) —b) Interest rate swaps — — (3,400) —c) Cross currency swaps — — — —d) Equity swaps — — — —e) Forwards — — — —f) Futures — — — —g) Others — — — —Total (4,875,091) (518,937) (5,676,647) (255,896)402 –
A.5 OTC financial derivatives: trading book – notional values, positive and negative fair valuesby counterparty, contracts not forming part of netting arrangementsContracts not forming part of nettingarrangementsGovernmentsand centralbanksOther publicagenciesBanksFinancialcompaniesInsurancesNon-financialcompaniesOthercounterparties1. Debt securities and interest rates- notional value — — 2,409,406 16,379,296 1,335,454 7,709,694 —- positive fair value — — 20,483 66,802 27,928 158,454 —- negative fair value — — (306,622) (122,551) (5,113) (36,681) —- future exposure — — 12,860 76,420 19,801 53,222 —2. Equities and share indexes- notional value — — 672,338 623,747 176,351 607,774 904- positive fair value — — 103,036 82,262 1,177 35,204 —- negative fair value — — (20,497) (14,210) — (86) (22)- future exposure — — 26,368 43,498 16,891 37,901 543. Exchange rates and gold- notional value — — 13,838 39,399 — 388,764 —- positive fair value — — — 39 — 28,972 —- negative fair value — — (125) (117) — (14,612) —- future exposure — — 138 456 — 20,571 —4. Other assets- notional value — — — — — — —- positive fair value — — — — — — —- negative fair value — — — — — — —- future exposure — — — — — — —– 403
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:
Page 114 and 115:
LiabilitiesSection 1Heading 10: Due
Page 116 and 117:
Section 3Heading 30: Debt securitie
Page 118 and 119:
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:
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
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 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:
Page 316 and 317:
Section 15Heading 150: Other assets
Page 318 and 319:
Section 3Heading 30: Debt securitie
Page 320 and 321:
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: Currency of denomination: US DOLLAR
Page 376 and 377: 2.1 Regulatory trading book: cash e
Page 378 and 379: HedgingFair value hedgesFair value
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 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: B.4 OTC credit derivatives: gross p
Page 398 and 399: C. CREDIT AND FINANCIAL DERIVATIVES
Page 400 and 401: indicator generated for the Bank of
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 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

Create successful ePaper yourself

Delete template?

Save as template?