GENERAL MEETING DRAFT - Bankier.pl

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On November 18, 2009 the Bank of Italy issued its first amendment to its Circular 262/2005, which
modified some reporting schedules and therefore led to the reclassification of some 2008 amounts.
For further information please see Part A – Accounting Principles.
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The item 10 – Cash and cash balances showed a decrease in sub-item a) Cash (-�794m) and a strong
increase in sub-item b) Demand deposits with Central banks (�5,128m, of which �5,000m attributable
to the Parent Company).
1.1 Cash and cash balances: breakdown (� '000)
2009 CONSOLIDATED REPORTS AND ACCOUNTS
Amounts as at
12.31.2009 12.31.2008
a) Cash 4,007,990 4,801,849
b) Demand deposits with Central banks 7,978,807 2,850,597
Total 11,986,797 7,652,446
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Financial assets held for trading, following changes in IAS 39 and IFRS7 were reclassified in the
second half of 2008 and in the first six months of 2009; the amount of assets reclassified is �19,376
million at December 31, 2009.
In particular, these assets were reclassified in the following items:
� 40 Available for sale financial assets �118 million;
� 50 Held-to-maturity investments �196 million;
� 60 Loans and receivables with banks �8,088 million;
� 70 Loans and receivables with customers �10,974 million.
Financial assets held for trading totaled �133,894m, which translates into a 34.7% reduction (or �
70,996m) over 2008.
In average terms 1 , this item amounted to �166,299m in 2009 and �189,451m in 2008.
The average yield of these assets was 1.12% in 2009, down by 1.29% over the 2.40% recorded in 2008.
Financial liabilities held for trading decreased from �165,335m at end 2008 to �114,045m at
December 31, 2009.
In average terms, this item amounted to �143,321m in 2009 and �127,165m in 2008.
The average cost of these assets was 0.95% in 2009, down by 0.07% over the 1.02% recorded in 2008.
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The average balances and related ratios (yield/costs) were calculated by considering the assets/liabilities balances at the end of each quarter in 2009
and at end 2008.
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