GENERAL MEETING DRAFT - Bankier.pl

�������� �� � ������ ������ �� ���������� � ���� ���
311
>> Consolidated Financial Statements
Part C – Consolidated Income Statement
The net result of companies subject to significant influence, which is part of item 240 Profit (loss) of
associates, amounted to �84m (�416m in 2008), which is the difference between A. Income of �218m
and B. Expense of �134m. In particular:
� the sub-item A. Income includes:
o �206m revaluations related to gains on companies valued at Equity method concerning
Oesterreichische KontrollBank (�42m), Aviva (�37 m), Bank fur Tirol und Voralberg
(�24m), Oberbank (�23m), CreditRas Vita (�20m), BKS Bank (�12m), CNP Unicredit
Vita (�10m)
o �11m gains on disposal concerning Schwabische Bank AG (�6m), Centrale dei Bilanci
(�2m), Caricese (�1m).
� the sub-item B. Expense includes:
o �70m writedowns related to losses on companies valued at Equity method Ca
Immobilien Anlagen (�39m), Ramiuscap (�17m), Da Vinci (�6m)
o �57m impairment Kinabalu Financial Products (�26m), Vereinsbank Victoria Bauspar
(�12m), Malgara (6 milioni), Ramius HVB (�6m), Unicredit Advisory Limited (�3 m)
o �6m losses on disposal for Ramius HVB
16.1 Profit (Loss) of associates: breakdown (� '000)
P&L Items/Sectors
1) Jointly owned companies - Equity
2009 2008
A. Income - -
1. Revaluations - -
2. Gains on disposal - -
3. Writebacks - -
4. Other gains - -
B. Expense - -
1. Writedowns - -
2. Impairment losses - -
3. Losses on disposal - -
4. Other expenses - -
Net profit - -
2) Companies subject to significant influence
A. Income 217,935 558,690
1. Revaluations 206,406 193,970
2. Gains on disposal 11,446 364,720
3. Writebacks 83 -
4. Other gains - -
B. Expense (133,930) (142,778)
1. Writedowns (69,999) (96,607)
2. Impairment losses (57,438) (29,122)
3. Losses on disposal (6,493) (17,049)
4. Other expenses - -
Net profit 84,005 415,912
Total 84,005 415,912
In 2008 the results were:
A. Income
� Gains were � 193,970 thousand. This amount principally includes Mediobanca (�41,081 k), Oberbank (�37,088 k), CreditRas Vita
(�29,142 k), Bank Fur Tirol und Voralberg (�23,017 k), BKS Bank (�16,448 k), Aviva (�14,805 k), Osterreichische Kontroll Bank (�10,369 k).
� Gains on disposal of companies subject to significant influence totaled � 364,720 thousand, comprising inter alia gains on disposal of
Centrale dei Bilanci (�93,697 k), Ganymed Immobilien M.B.H. (�56,822 k), Hypo Stavebni Sporitelna (�46,302 k), Budapesti Ertektozsde
(�41,221 k).
B. Expense
� Charges relating to companies subject to significant influence include write-downs of associates valued at equity amounting to
�96,607 k, mainly attributable to CNP UniCredit Vita (�60,140 k), and Ca Immobilien Anlagen (�5,847 k).
� Impairment losses of companies subject to significant influence totaled �29,122 k. This amount principally includes UniCredit Factoring S.r.o.
(�10,022 k), HVB Banca Pentru Locuinte (�7,587 k), and Weilburg Grundstück M.B.H. (�4,000 k).