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

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BANKSTABLE B (cont.)BALANCE SHEETSCOMPAGNIEMONEGASQUE DEBANQUE31/12/10COMPAGNIEMONEGASQUE DEGESTION31/12/10CMB BANQUEPRIVEE S.A.31/12/10(€ 000) (€ 000) (SFR 000)ASSETS10. Cash and cash equivalents 25,316 8,309 5,87320. Due from banks 157,180 — 37,90630. Due from financial institutions — — —40. Due from customers 705,439 — 1,46550. Bonds and other debt securities 490,660 404 —60. Equities, stock units and other floating-rate securities 329,490 — —70. Equity investments 22,798 8 —80. Investments in Group undertakings 100,945 — —90. Intangible fixed assets 17,932 — 2,624100. Tangible fixed assets 1,984 — —120. Treasury shares and stock units — — —130. Other assets 955 3,191 24140. Accrued income and deferred expenses 6,444 69 116TOTAL ASSETS 1,859,143 11,981 48,008LIABILITIES10. Due to banks 152,617 — 1,30920. Due to financial institutions — — —30. Due to customers 1,210,014 — 18,83240. Debt securities 2,728 — —50. Other liabilities 25,746 1,049 12760. Accrued expenses and deferred income 11,767 — 2,88470. Staff severance indemnity provision — — —80. Provision for liabilities and charges 2,707 — —90. Provision for risks over assets — — —110. Subordinated liabilities — — —120. Share capital 111,110 600 25,000130. Share premium reserve 4,573 — —140. Reserves 306,409 60 1150. Valuation reserves 1 — —160. Retained earnings (accumulated loss) — 99 —170. Profit (loss) for the period 31,471 10,173 (145)TOTAL LIABILITIES 1,859,143 11,981 48,008450 –
BANKSTABLE B (cont.)PROFIT AND LOSS ACCOUNTSCOMPAGNIEMONEGASQUE DEBANQUE 31/12/10COMPAGNIEMONEGASQUEDE GESTION31/12/10CMB BANQUEPRIVEE S.A.31/12/10(€ 000) (€ 000) (SFR 000)10. Interest and similar income 27,248 — 11120. Interest and similar expense (8,416) — (18)30. Dividends and similar income 10,208 — —40. Fee and commission income 20,648 13,000 1,35550. Fee and commission expense (1,863) — (134)60. Gain (loss) on dealing transactions 13,239 — 8070. Other operating income 3,575 — —80. Administrative expenses (29,581) (2,876) (8,386)90. Value adjustments to tangible/intangible assets (4,128) (1) (586)100. Provisions for liabilities and charges — — —110. Other operating expensesjp761 (3) —120. guarantees and commitmentsp— — —130. guarantees and commitments — — —140. Transfers to loan loss provision — — —170. Profit (loss) on ordinary activities 31,691 10,120 (7,578)180. Extraordinary income (220) 53 7,509190. Extraordinary expense — — (10)200. Net extraordinary income (expense) (220) 53 7,499210. Changes to provision for general banking risks — — —220. Income tax for the period — — (66)230. Net profit (loss) for the period 31,471 10,173 (145)– 451
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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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LiabilitiesSection 1Heading 10: Due
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Section 3Heading 30: Debt securitie
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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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B.5 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
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INDIVIDUAL FINANCIAL STATEMENTS *(*
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Liabilities and net equity30/6/11 3
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COMPREHENSIVE PROFIT AND LOSS ACCOU
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STATEMENT OF CHANGES TO MEDIOBANCA
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RECONCILIATION OF MOVEMENTS IN CASH
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Page no.Part C - Notes to profit an
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Section 3Significant accounting pol
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Assets are tested for impairment at
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- cash flow hedges, which are inten
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Goodwill may be recognized where th
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All actuarial profits and/or losses
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Related parties (IAS 24)In accordan
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A.3.2A.3.2.1Fair value rankingAsset
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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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4.4 AFS securities: movements durin
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Section 6Heading 60 - Due from bank
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7.2 Due from customers: by borrower
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Section 10Heading 100: Equity inves
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Significant data 1Total assetsTotal
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Section 11Heading 110: Property pla
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11.4 Tangible assets held for inves
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12.2 Core intangible assets: moveme
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Section 15Heading 150: Other assets
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Section 3Heading 30: Debt securitie
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Section 11Heading 110: Staff severa
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14.2 Share capital: changes in no.
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Other information1. Guarantees and
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PART C - NOTES TO PROFIT AND LOSS A
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Section 2Headings 40 and 50: Net fe
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Section 3Heading 70: Dividends and
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Section 5Heading 90: Net hedging in
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Section 8Heading 130: Adjustments f
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Section 9Heading 150: Administrativ
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Section 11Heading 170: Net adjustme
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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
Page 384 and 385: 2.4 FINANCIAL DERIVATIVE PRODUCTSA.
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Page 390 and 391: A.6 OTC financial derivatives: trad
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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 402 and 403: Currency of denomination: US DOLLAR
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 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 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
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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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