UBI Banca Group

PART L – Segment Reporting
Three segments have been identified in the presentation of the results and the financial position
for 2011, termed banking, non-banking financial and other companies, as opposed to the four
segments presented in prior years.
The banking segment comprises the nine network banks of the Group, IW Bank Spa, Banque de
Depots et de Gestione Sa and UBI International Sa.
The “non-banking financial sector” comprises Centrobanca Spa, Ubi Leasing Spa, Ubi Factor Spa,
Ubi Pramerica SGR Spa, Banca 24-7 Spa, Silf Spa, Prestitalia Spa, Ubi Fiduciaria Spa and UBI
Gestioni Fiduciarie SIM Spa.
The “other companies” segment comprises UBI Banca Scpa, Ubi Sistemi e Servizi Scpa and all the
remaining Group member companies. That segment also includes all the consolidation entries
including all the intercompany eliminations with the exception of those relating to the purchase
price allocations made to the relative individual segments.
The algebraic sum of the three segments identified in this manner represents the income
statement and balance sheet of the UBI Banca Group as at and for the year ended 31 st December
2011.
Distribution by business segment: income statement
Corporate Centre
(UBI, UBIS,
Property companies
+ all intercompany
and consolidation
entries)
item/business segment
Banking
(Aggregate)
Non-banking
financial
(Aggregate)
To ta l
Net interest income (expense) 1,809,316 415,384 -103,011 2,121,689
Net commission income (expense) 1,092,867 182,318 -83,251 1,191,934
Other expense/income 8,971 16,044 2,311 27,326
Gross income (l oss) 2,911,154 613,746 -183,951 3,340,949
Net impairment losses on loans and financial assets -314,410 -296,070 -131,741 -742,221
Net financial income (l oss) 2,596,744 317,676 -315,692 2,598,728
Net income from insurance operations - - - 0
Net income (l oss) from banking and insurance operations 2,596,744 317,676 -315,692 2,598,728
Administrative expenses -1,856,118 -246,017 -39,049 -2,141,184
Net provisions for risks and charges -16,972 -14,026 -597 -31,595
Net impairment losses on property, equipment and investment
property and intangible assets -601,781 -25,004 -164,155 -790,940
Other net operating income/expense 65,768 34,440 -12,764 87,444
Operating expenses -2,409,103 -250,607 -216,565 -2,876,275
Profits (losses) of equity investments -31,944 612 41,580 10,248
Net impairment losses on goodwill -1,014,975 -337,629 -521,245 -1,873,849
Profits on disposal of investments 6,213 46 559 6,818
Pre-tax loss from continuing operations -853,065 -269,902 -1,011,363 (2,134,330)
Taxes on income for the year from continuing operations -132,879 -27,318 432,188 271,991
Post-tax profit from discontinued operations - 226 22 248
Profit (loss) for the period attributable to non-controlling interes -24,161 -12,392 57,156 20,603
Profit for the period -1,010,105 -309,386 -521,997 (1,841,488)
467