UBI Banca Group

PART B – Notes to the consolidated balance
sheet
ASSETS
SECTION 1 Cash and cash equivalents – Item 10
1.1 Cash and cash equivalents: composition
31/12/2011 31/12/2010
a) Cash in hand 625,835 609,040
b) Deposits with central banks - -
Total 625,835 609,040
SECTION 2 Financial assets held for trading – Item 20
2.1 Financial assets held for trading: composition by type
Items/Amounts 31/12/2011 31/12/2011 31/12/2010
31/12/2010
L 1 L 2 L 3 L 1 L 2 L 3
A. On-balance sheet assets
1. Debt instruments 2,135,752 84 - 2,135,836 1,964,319 11,013 - 1,975,332
1.1 Structured instruments 173 - - 173 8 2,792 - 2,800
1.2 Other debt instruments 2,135,579 84 - 2,135,663 1,964,311 8,221 - 1,972,532
2. Equity instruments 12,811 - 85,850 98,661 72,856 2 104,082 176,940
3. Units in O.I.C.R.
(collective investment instruments) 447 101 1,447 1,995 512 54 1,601 2,167
4. Financing - 38,939 - 38,939 - 64,171 - 64,171
4.1 Reverse repurchase agreements - - - - - - - -
4.2 Other - 38,939 - 38,939 - 64,171 - 64,171
Total A 2,149,010 39,124 87,297 2,275,431 2,037,687 75,240 105,683 2,218,610
B. Derivative instruments
1. Financial derivatives 220 596,766 - 596,986 1,014 509,601 3,526 514,141
1.1 for trading 220 596,766 - 596,986 1,014 504,659 3,526 509,199
1.2 connected with fair value options - - - - - - - -
1.3 other - - - - - 4,942 - 4,942
2. Credit derivatives - - - - - - - -
2.1 for trading - - - - - - - -
2.2 connected with fair value options - - - - - - - -
2.3 other - - - - - - - -
Total B 220 596,766 - 596,986 1,014 509,601 3,526 514,141
Total (A+B) 2,149,230 635,890 87,297 2,872,417 2,038,701 584,841 109,209 2,732,751
Equity instruments also include equity investments held for merchant banking activity,
performed mainly by Centrobanca Spa.
As at 31.12.2010, item 1.2 “Other debt instruments – Level 2” included impaired assets
consisting of bonds issued by Lehman Brothers for a nominal amount of €10 million
recognised at 8.625% of the nominal amount.
Those instruments were fully disposed of in the first quarter of 2011, with the realisation of a
profit of approximately €1.6 million.
Item 3 “OICR units (collective investment instruments)” relates exclusively to remaining
investments in hedge funds.
Item 4 “ Financing – Level 2” relates to salary backed loans of the subsidiary Prestitalia Spa to
be sold to third parties.
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