UBI Banca Group

SECTION 9 Net premiums – Item 150
9.1 Net premiums: composition
This item no longer exists in the UBI Banca Group, because UBI Assicurazioni has been
excluded from the consolidation since 1 st January 2010.
11: 516000O|1 - NOTA
SECTION 10 Other income/expense of insurance operations – Item 160
10.1 Balance of other income/expense of insurance operations: composition
This item no longer exists in the UBI Banca Group, because UBI Assicurazioni has been
excluded from the consolidation since 1 st January 2010.
10.2 Composition of the sub-item “Net change in technical reserves”
This item no longer exists in the UBI Banca Group, because UBI Assicurazioni has been
excluded from the consolidation since 1 st January 2010.
10.3 Composition of the sub-item “Claims paid during the year”
This item no longer exists in the UBI Banca Group, because UBI Assicurazioni has been
excluded from the consolidation since 1 st January 2010.
12: 517020O|1 - NOTA
SECTION 11 Administrative expenses – Item 180
11.1 Personnel expense: composition
Type of expense/Sectors 2011 2010
1) Employees (1,425,623) (1,411,084)
a) Wages and salaries (983,736) (948,075)
b) Social security charges (267,758) (250,714)
c) Post-employment benefits (60,928) (62,432)
d) Pension expense (74) (105)
e) Provision for post-employment benefits (9,078) (10,817)
f) Provision for pension and similar: (2,930) (4,144)
- defined contribution - -
- defined benefits (2,930) (4,144)
g) Payments to external supplementary pension plans: (50,431) (50,411)
- defined contribution (50,154) (50,363)
- defined benefits (277) (48)
h) Expenses resulting from share based payments - -
i) Other employee benefits (50,688) (84,386)
2) Other personnel in service (6,504) (18,130)
3) Director s and statut or y auditors (19,001) (22,118)
4) Expenses for retired personnel 27,932 (252)
Total (1,423,196) (1,451,584)
Personnel expense includes a non-recurring item of income amounting to €27.9 million,
recognised within item 4 “Expenses for retired personnel”.
The amount relates to the release of amounts recognised in prior years due to actuarial
recalculations of post-retirement benefits, now no longer considered due.
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