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

More documents

Recommendations

Info

Section 2Heading 20: Financial assets held for trading2.1 Financial assets held for trading: compositionDerivative products30/6/11Level 1 Level 2 Level 3 Level 1 Level 2A. Cash assets1. Debt securities 4,052,746 1,421,919 1 8,721,622 993,055 11.1 Structured 238,502 176,581 — 43,462 — —1.2 Other debt securities 3,814,244 1,245,338 1 8,678,160 993,055 12. Equities 1,557,899 — 164,296 844,163 34,386 190,6953. UCITS units 332,870 287,597 36,018 335,532 298,179 13,4824. Loans and advances — — — — — —4.1 Repos — — — — — —4.2 Others — — — — — —Total A 5,943,515 1,709,516 200,315 9,901,317 1,325,620 204,178B. Derivative products1. Financial derivatives 564,179 2,387,536 1,153,063 295,189 3,195,311 1,000,7611.1 Trading 564,179 2,323,469 758,642 ¹ 295,189 3,069,204 501,397 ¹1.2 Linked to fair value options — — — — — —1.3 Others — 64,067 394,421 ² — 126,107 499,364 ²2. Credit derivatives 1,521,700 236,904 — 192,731 257,359 2,9132.1 Trading 1,521,700 236,904 — 192,731 227,883 1,5432.2 Linked to fair value options — — — — — —2.3 Others — — — — 29,476 1,370Total B 2,085,879 2,624,440 1,153,063 487,920 3,452,670 1,003,674Total (A+B) 8,029,394 4,333,956 1,353,378 10,389,237 4,778,290 1,207,852¹ 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.30/6/10Level 392 –
2.2 Financial assets held for trading: by borrower/issuerItem/value 30/6/11 30/6/10A. CASH ASSETS1. Debt securities 5,474,666 9,714,678a. Governments and central banks 2,139,506 5,809,291b. Other public agencies 57,857 —c. Banks 1,014,265 936,599d. Other issuers 2,263,038 2,968,7882. Equities 1,722,195 1,069,244a. Banks 221,127 267,196b. Other issuers 1,501,068 802,048- insurances 48,815 45,835- financial companies 60,930 77,436- non-financial companies 1,385,421 678,777- others 5,902 —3. UCITS units 656,485 647,1934. Loans and advances — —a. Governments and central banks — —b. Other public agencies — —c. Banks — —d. Other entities — —Total A 7,853,346 11,431,115B. DERIVATIVE PRODUCTSa. Banks 4,311,417 3,059,427b. Customers 1,551,965 1,884,837Total B 5,863,382 4,944,264Total A+B 13,716,728 16,375,379– 93
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 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 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 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

Create successful ePaper yourself

Delete template?

Save as template?