Determination and distribution of Value Added
Determination and distribution of Value Added (€/000)
Item 2012 2011A
10 Interest income and similar revenues 28,219,931 29,285,997
20 Interest expense and similar charges (14,342,857) (13,979,469)
40 Fee and commission income 9,416,685 9,792,749
50 Fee and commission expense (1,412,086) (1,510,912)
70 Dividend income and similar revenue 226,323 740,877
80 Gains and losses on financial assets and liabilities held for trading 1,327,821 419,377
90 Fair value adjustments in hedge accounting (133,700) 105,797
100 Gains and losses on disposal of: 1,591,648 315,406
a) loans 33,752 (21,920)
b) available-for-sale financial assets 464,164 304,368
c) held-to-maturity investments 30,467 (3,281)
d) financial liabilities 1,063,265 36,239
110 Gains and losses on financial assets/liabilities at fair value through profit or loss 32,902 23,710
130 Impairment losses on: (9,767,582) (6,351,599)
a) loans (8,996,475) (5,574,378)
b) available-for-sale financial assets (158,166) (471,822)
c) held-to-maturity investments (15,830) (152,373)
d) other financial assets (597,111) (153,026)
150 Premiums earned (net) 161,315 125,688
160 Other income (net) from insurance activities (125,739) (98,814)
220 Other net operating income 805,786 794,354
240 Profit (loss) of associates: gains or losses on disposal 196 27,102
270 Gains and losses on disposal of investments 106,369 180,409
310 Total profit or loss after tax from discontinued operations (174,808) (615,553)
A. TOTAL ECONOMIC VALUE GENERATED 15,932,204 19,255,119
180 b) other administrative expense (4,874,535) (4,966,502)
ECONOMIC VALUE DISTRIBUTED TO SUPPLIERS (4,874,535) (4,966,502)
180 a) staff expense (9,398,678) (9,635,747)
ECONOMIC VALUE DISTRIBUTED TO EMPLOYEES AND SUPERVISED WORKERSB (9,398,678) (9,635,747)
330 Minority Interests (357,641) (364,766)
Net profit attributable to shareholders C
-
ECONOMIC VALUE DISTRIBUTED TO SHAREHOLDERS - -
180 b) other administrative expense: indirect taxes and duties (609,436) (626,431)
290 Tax expense (income) related to profit or loss from continuing operations: current
(3,524,906) (1,686,721)
tax, adjustment to current tax of prior years, reduction of current tax for the year
ECONOMIC VALUE DISTRIBUTED TO PUBLIC BODIES & INSTITUTIONS (4,134,342) (2,313,152)
180 b) other administrative expense: donations (9,697) (19,715)
Net profit allocated to the charitable funds - -
ECONOMIC VALUE DISTRIBUTED TO COMMUNITY (9,697) (19,715)
B. TOTAL ECONOMIC VALUE DISTRIBUITED (18,774,893) (17,299,882)
C. TOTAL ECONOMIC VALUE RETAINED 2,842,689 (1,955,237)
A. As at December 31, 2012, in accordance with IFRS5, the profit/loss of the following companies was entirely recognized under item
“Profit (loss) after tax from discontinued operations” as a result of their classification as “discontinued operations”:
JSC ATF BANK; UNICREDIT BANK OJSC; ATF CAPITAL B.V.; ATF FINANCE JSC; ATF INKASSATSIYA LTD.
The previous period was restated accordingly to increase comparability, pursuant to the regulations in force.
In addition, it should be noted that comparative figures as at December 31, 2012 differ from those disclosed in the “2011 Consolidated
Reports and Accounts” as a result of:
• the reclassification, carried out by three subsidiaries of the Group in the first half of 2012, of reversals connected with the passing of time
from item 10. Interest income and similar revenues to item 130. Impairment losses on loans;
• the recognition under item 80. Gains and losses on financial assets and liabilities held for trading of the margins embedded in the sale price
of some trading products, traded by some Group entities, previously recorded under item 40. Fee and commission income and item 50. Fee
and commission expense
B. The economic value distributed to employees and supervised workers excludes expenses for financial advisors.
C. For the proposals to the Shareholders’ Meeting on the distribution to shareholders please refer to the specific Board of Directors’ reports in relation.
UniCredit · 2012 Sustainability Report 55