Annual report 2011 - VTB

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VTB BankNotes to the Consolidated Financial Statements – 31 December 2011 and 2010(in billions of Russian Roubles)37. Analysis by Segment (continued)Segment information for the reportable segments of the Group at 31 December 2011 and results for the year ended 31 December 2011 is set out below:InvestmentbankingCorporate-Investment banking (CIB)Loans anddepositsTransactionbankingInter-CIBeliminations Total CIBRetailbankingCIS andGeorgia OtherTotal beforeIntersegmenteliminationsIntersegmenteliminations TotalFor the year ended 31 December 2011:Revenues from:External customers 45.2 311.5 15.6 – 372.3 140.0 2.8 18.0 533.1 – 533.1Other segments 51.0 41.2 15.9 (88.4) 19.7 34.8 – 2.4 56.9 (56.9) –Total revenues 96.2 352.7 31.5 (88.4) 392.0 174.8 2.8 20.4 590.0 (56.9) 533.1Segment income and expenseInterest income 62.5 303.8 15.8 (65.0) 317.1 146.3 2.3 1.1 466.8 (50.1) 416.7Interest expense (48.3) (177.8) (3.8) 65.0 (164.9) (67.1) (0.8) (6.7) (239.5) 49.8 (189.7)Net interest income 14.2 126.0 12.0 – 152.2 79.2 1.5 (5.6) 227.3 (0.3) 227.0(Provision charge) / reversal of provision for impairment ofdebt financial assets 0.1 (19.5) – – (19.4) (11.5) (0.3) (0.3) (31.5) (0.1) (31.6)Net interest income after provision for impairment 14.3 106.5 12.0 – 132.8 67.7 1.2 (5.9) 195.8 (0.4) 195.4(Losses net of gains) / gains less losses arising from otherfinancial instruments (19.6) (7.4) – 0.3 (26.7) (0.2) – (0.1) (27.0) 0.3 (26.7)Gains less losses arising from extinguishment of liability – (0.7) – – (0.7) – – – (0.7) – (0.7)Net recovery of losses / (losses) on initial recognition offinancial instruments, restructuring and other gains /(losses) on loans and advances to customers – 19.4 – – 19.4 0.8 – – 20.2 – 20.2Gains less losses / (losses net of gains) arising fromdealing in foreign currencies (7.0) 9.8 – – 2.8 2.8 0.2 0.3 6.1 – 6.1Foreign exchange translation (losses net of gains) / gainsless losses (0.4) (5.9) – – (6.3) (0.2) – – (6.5) – (6.5)Net fee and commission income / (expense) 5.4 3.9 14.0 (0.1) 23.2 18.3 0.2 (2.6) 39.1 0.1 39.2Share in income / (loss) of associates and joint ventures 0.3 7.5 – – 7.8 – – (0.3) 7.5 – 7.5(Provision charge) / reversal of provision for impairment ofother assets and credit related commitments – (1.3) – – (1.3) (0.1) (0.1) 0.1 (1.4) – (1.4)Other operating income / (expense) 23.4 (10.4) – (0.2) 12.8 1.3 0.1 8.6 22.8 (2.3) 20.5Operating income 16.4 121.4 26.0 – 163.8 90.4 1.6 0.1 255.9 (2.3) 253.6Staff costs and administrative expenses (16.7) (58.9) (6.8) 0.2 (82.2) (51.6) (1.4) (8.6) (143.8) 2.3 (141.5)- of which: depreciation / amortization charge (0.4) (7.3) (0.2) – (7.9) (3.0) (0.2) (1.4) (12.5) – (12.5)Profit from disposal of subsidiaries and associates 1.3 1.5 – – 2.8 – – 0.6 3.4 – 3.4Segment results: Profit before taxation 1.0 64.0 19.2 0.2 84.4 38.8 0.2 (7.9) 115.5 – 115.5Income tax expense (25.0)Net profit 90.5Capital expenditure 0.5 36.4 0.2 – 37.1 4.7 0.3 2.3 44.4 – 44.455
VTB BankNotes to the Consolidated Financial Statements – 31 December 2011 and 2010(in billions of Russian Roubles)37. Analysis by Segment (continued)InvestmentbankingCorporate-Investment banking (CIB)Loans anddepositsTransactionbankingInter-CIBeliminations Total CIBRetailbankingCIS andGeorgia OtherTotal beforeIntersegmenteliminationsIntersegmenteliminations TotalAs at 31 December 2011:Cash and short-term funds 13.5 303.6 – (1.4) 315.7 107.7 1.7 6.0 431.1 (24.1) 407.0Mandatory reserve deposits with central banks – 56.3 – – 56.3 13.8 1.6 0.2 71.9 – 71.9Due from other banks 68.1 345.6 – – 413.7 9.3 1.0 0.6 424.6 – 424.6Loans and advances to customers 200.8 3,222.9 – – 3,423.7 851.3 17.2 9.4 4,301.6 – 4,301.6Other financial instruments 537.0 420.5 – (9.1) 948.4 18.5 1.3 2.6 970.8 (0.6) 970.2Investments in associates and joint ventures 2.8 27.7 – – 30.5 – – 2.0 32.5 – 32.5Other assets items 30.3 319.2 1.2 (0.3) 350.4 32.5 2.8 196.8 582.5 (0.7) 581.8Net amount of intersegment settlements 237.6 – 504.1 (741.7) – 446.3 – – 446.3 (446.3) –Segment assets 1,090.1 4,695.8 505.3 (752.5) 5,538.7 1,479.4 25.6 217.6 7,261.3 (471.7) 6,789.6Due to other banks 23.5 671.0 – (0.3) 694.2 20.8 1.7 0.1 716.8 (17.1) 699.7Customer deposits 759.6 1,027.6 504.7 (1.2) 2,290.7 1,298.5 10.3 1.5 3,601.0 (4.3) 3,596.7Other borrowed funds 55.2 664.6 – – 719.8 8.3 2.3 4.2 734.6 – 734.6Debt securities issued 98.9 560.4 – (4.8) 654.5 10.3 – 0.2 665.0 (0.5) 664.5Subordinated debt – 243.8 – (2.7) 241.1 – – – 241.1 – 241.1Other liabilities items 68.9 121.2 0.1 (1.5) 188.7 6.1 0.3 36.3 231.4 (3.5) 227.9Net amount of intersegment settlements – 1,087.1 – (741.7) 345.4 – 6.1 94.8 446.3 (446.3) –Segment liabilities 1,006.1 4,375.7 504.8 (752.2) 5,134.4 1,344.0 20.7 137.1 6,636.2 (471.7) 6,164.556
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VTB Annual Report 2011Statement of
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VTB Annual Report 20111. Financial
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VTB Annual Report 20113. The econom
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VTB Annual Report 20113. The econom
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VTB Annual Report 20114. Management
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Today, about 16 million individuals
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VTB Annual Report 20115. Corporate
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VTB Annual Report 20118. 8. Выд
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VTB Annual Report 20118. Summary co
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VTB Annual Report 20119. Summary fi
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VTB Annual Report 201111. Other Gro
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VTB Annual Report 201111. Other Gro
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VTB Annual Report 201112. Sharehold
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VTB Annual Report 2011144VTB places
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VTB BankConsolidated Financial Stat
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Annual report 2011 - VTB

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