Prospectus - Notowania

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Schwalbach Schwalbach H.F.S. Leasingfonds Deutschland 7 GMBH Berlin Lichtenberg, Judith-Auer- Straße 4 - 176 - & CO. KG Universale International Realitaten GMBH London Lower Thames Street Blue Capital Europa Immobilien GMBH & Berlin Oberbaum City Haus 3 / Turm ACIS Oberbaum City KG CO Investment 46.3 Investment 30.3 Investment 29.7 Investment 29.4 Zagreb Nova Ves 17 Centar Kaptol d.o.o. Investment 24.5 1 The value is consolidated in proportion to the shareholders’ equity of the individual companies that own the property 2 Said property encumbered by a mortgage with a value of €2.6 million in favour of HBOR - Croatian Bank for research and development The main properties owned by Euro-ImmoProfil (Group real estate fund) as at September 30, 2009 are shown below, valued at fair value. ( millions of €) Municipality Offenbach-Kaiserlei Stuttgart Munich Leipzig Essen Hannover Address Strahlenberger Str. 11, 13, 15, 17 Hauffstr. 5 Am Neckartor 22 Albrechstr. 14, Hilblestr. 54 Prager Str. 118 - 136 Theodor-Althoff-Str. 1 Hildesheimer Str.265,267 Peiner Str. 2 - Use Investment Investment Investment Investment Investment Investment Net IAS value as at 09/30/08 149.6 62.4 59.2 54.0 51.8 43.5 8 “Timon Carree” Frankfurt/M Lyoner Str. 20 Investment 39.8 Erfurt Steigerstraße 24 Investment 36.3 Stuttgart Rotebühlstr. 121 Investment 35.2 Schwerin Am Packhof 2-6 Investment 35.0 Staines 79/87 Kingston Road Investment 33.9 Wiesbaden Kreuzberger Ring 17, 17a, 17b, 19 Investment 33.7 Erbenheim Frankfurt/M Baseler Str. 46-48 Gutleutstr. 80-82 Investment 31.7 Heidelberg Vangerowstr. 18, 20 Investment 30.4 Munich Thomas-Dehler-Str.27 Putzbrunner Str. Investment 28.2 69 Freiburg Fahnenbergplatz 4 Investment 27.1 Hamburg Friedrich-Ebert-Damm 111 Investment 26.3 Meerbusch-Osterath Am Mollsfeld 1-14 Investment 26.2 Munich Marienplatz 26 Investment 23.1 Neuss Im Taubental 16,18 Forumstr. Investment 20.5 20,22,24,26 Köln Bonner Str. 172-176 Sechtemer Str. 1 Investment 20.5 There are no mortgages on said properties. 8.2. Environmental problems As at the date of the Prospectus, also taking into consideration the activities carried out by the UniCredit Group, there were no environmental problems as such to significantly affect the use of tangible fixed assets.
9. REPORT ON THE OPERATIONAL AND FINANCIAL SITUATION Introduction The balance sheet, income statement and financial data as at December 31, 2007 and December 31, 2008 have been drawn up based on the data obtained from the UniCredit Group Consolidated Financial Statements as at December 31, 2008, subject to auditing by the External Auditors. The consolidated balance sheet, income statement and financial data of the UniCredit Group for the year ended as at December 31, 2006, shown in the tables below, have been drawn up based on the data obtained from the Consolidated Financial Statements as at December 31, 2006, subject to auditing by the External Auditors. The balance sheet, income statement and financial data as at September 30, 2009 and the income statement data as at September 30, 2008, used in this Chapter for comparative purposes, have been taken from the Consolidated Interim Report as at September 30, 2009, provided in the Appendix to the Prospectus and available on the internet site www.unicreditgroup.eu. The Condensed Financial Statements as at September 30, 2009 were subject to a limited audit by the External Auditors, which issued their report on November 25, 2009. The financial statements as at December 31, 2008, 2007 and 2006, drawn up based on the IAS/IFRS, according to the provisions of the Bank of Italy Instructions set forth in Circular no. 262 of December 22, 2005 and subsequent amendments and integrations, can be viewed in full at the headquarters of the Issuer and on the internet site www.unicreditgroup.eu. The data as at December 31, 2007 were extracted from the Consolidated Financial Statements closed as at December 31, 2008 as, following the completion of PPA activities, mainly linked to the aggregation with the Capitalia Group, several amounts in the balance sheet as at December 31, 2007 were recalculated, regarding the fair value of the assets and liabilities acquired. Therefore, the data as at December 31, 2007 were not subject to auditing. The method for restating this data and the disclosure set forth in the Notes to the Financial Statements as regards the changes made were examined by the External Auditors for the purpose of expressing their opinion on the Consolidated Financial Statements as at December 31, 2008, as reported in the report issued on April 9, 2009. The income statement data as at September 30, 2008 have been taken from the Consolidated Interim Report as at September 30, 2009, as it represents the latest expression of the PPA activities linked to the aggregation with the Capitalia Group. Therefore, the data as at September 30, 2008 used for the purposes of the Prospectus were not subject to auditing. However, the methods for restating this data, as regards the changes made, were examined by the External Auditors for the purpose of the limited audit of the Consolidated Condensed Financial Statements as at September 30, 2009 and included in the Consolidated Interim Report as at that date. The Consolidated Condensed Financial Statements as at September 30, 2008, drawn up for the purposes of the “Prospectus regarding the offer in option to shareholders and the admission to listing on the Electronic Stock Market organised and managed by Borsa Italiana S.p.A., on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and on the Warsaw Stock Exchange (Gielda Papierów Wartościowych w Warszawie SA) of 972,225,376 ordinary shares of UniCredit S.p.A.” dated December 23, 2008, and attached to said - 177 -
Page 1 and 2:
Prospectus relating to the offer un
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4.3.3 Risks associated with the per
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20.4. Audit of annual financial inf
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6.5 Stabilisation..................
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Banca dell’Umbria Banca dell’Um
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Issuer or UniCredit or the Company
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Germany, and between January 14, 20
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UniCredit Family Financing Bank Uni
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CDO Acronym of Collateralized Debt
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well as the negative “prudential
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RWA (Risk-weighted asset) Value wei
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(h) Counterpart risk; (i) Risks ass
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Since its creation, the Group has c
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For greater information on the UniC
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OPERATING PROFIT (millions of €)
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The members of the Board of Directo
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Article 2441, first, second and thi
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− notification that the investor
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Selected financial information on t
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• statutory financial statements
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1. PARTIES RESPONSIBLE 1.1 Parties
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consolidated interim report as of t
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The reclassified income statement f
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Trading, hedging and fair value inc
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at 12.31.2008 Notional value 28,772
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4. RISK FACTORS - 51 - RISK FACTORS
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- 53 - RISK FACTORS Since the finan
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- 55 - RISK FACTORS 2009 did not em
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- 57 - RISK FACTORS liquidity facil
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- 59 - RISK FACTORS which €1,686
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- 61 - RISK FACTORS Increases in th
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- 63 - RISK FACTORS Some of the met
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- 65 - RISK FACTORS Regional Court
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- 67 - RISK FACTORS Dalmata S.r.l.
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- 69 - RISK FACTORS • Vanderbilt
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- 71 - RISK FACTORS It is maintaine
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- 73 - RISK FACTORS With reference
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- 75 - RISK FACTORS related supplem
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- 77 - RISK FACTORS expressly adher
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4.1.17 Risks associated with activi
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- 81 - RISK FACTORS The UniCredit G
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- 83 - RISK FACTORS effects on the
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- 85 - RISK FACTORS 4.2.5 Risks ass
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- 87 - RISK FACTORS For further inf
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5 INFORMATION ON THE COMPANY 5.1. H
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What is more, in August 2004 Pionee
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(B) The merger transactions with th
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Register on September 25, 2007 and
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December 2007 UniCredit reached an
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Real Estate subsequently transferre
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associated with liabilities which a
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Total 3,781 4,003 4,186 3,086 -5.5%
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PIRELLI PEKAO REAL ESTATE SP. Z O.O
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a structure by sector of activities
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Total 2,680 5,616 5,458 10,510 8,21
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(ii) credit, debit and prepaid card
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The CIB business segment focuses on
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markets and corporate treasury sale
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econstructed INCOME STATEMENT FIGUR
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The table below discloses the main
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For the purposes of assessing the r
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(the available margin is provided b
Page 125 and 126: these shares, provided that the sha
Page 127 and 128: and up-dates on the basis of the pr
Page 129 and 130: (i) the granting of authorizations
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Page 133 and 134: Private Banking Business Unit (whic
Page 135 and 136: Piedmont 466 2,716 17 2 Puglia 173
Page 137 and 138: Europe (including Germany and Austr
Page 139 and 140: (b) PMI, for corporations with an a
Page 141 and 142: With regards to loans 19 , as at Ju
Page 143 and 144: and services, combining a unique ge
Page 145 and 146: • the guidelines, policies and st
Page 147 and 148: countries), with reference to the m
Page 149 and 150: • the introduction, within the ne
Page 151 and 152: Real estate risk consists of potent
Page 153 and 154: 7. ORGANISATIONAL STRUCTURE 7.1. Gr
Page 155 and 156: - 155 -
Page 157 and 158: 7.2. Issuer’s subsidiaries The fo
Page 159 and 160: NAME REGISTERED OFFICE COUNTRY ACTI
Page 161 and 162: NAME ASPRA FINANCE S.P.A. ITALY REG
Page 163 and 164: NAME REGISTERED OFFICE COUNTRY PEKA
Page 165 and 166: NAME REGISTERED OFFICE COUNTRY ACTI
Page 167 and 168: NAME REGISTERED OFFICE COUNTRY UNIC
Page 169 and 170: ARGENTAURUS IMMOBILIEN- VERM IETUNG
Page 171 and 172: • Tangible assets: breakdown of a
Page 173 and 174: The information regarding intangibl
Page 175: Vienna Donau-City Wed Donau - City
Page 179 and 180: slowdown in both German and, more s
Page 181 and 182: this Chapter refer to these changes
Page 183 and 184: • 2009 − Retail − Corporate &
Page 185 and 186: longer intended for trading due to
Page 187 and 188: illion, an increase of approximatel
Page 189 and 190: REGULATORY CAPITAL 09.30.2009 12.31
Page 191 and 192: capital requirements for market ris
Page 193 and 194: as per the accounting standards app
Page 195 and 196: At the end of 2008, available-for-s
Page 197 and 198: Non-financial companies 3,138 1,961
Page 199 and 200: and demand deposits 2.2 Time deposi
Page 201 and 202: derecognised Total (Carrying value)
Page 203 and 204: The coverage ratio (or the ratio be
Page 205 and 206: Situation as at 31.12.2007 Notional
Page 207 and 208: As at September 30, 2009, similar c
Page 209 and 210: In its role as sponsor, the Group s
Page 211 and 212: showed a great deal of volatility,
Page 213 and 214: The Group does not have any mortgag
Page 215 and 216: B.2 Financial assets designated at
Page 217 and 218: During Q3 2009, UniCredit Real Esta
Page 219 and 220: Total 8,175 8,049 9,105 6,872 1.6%
Page 221 and 222: Total interest income is, for the t
Page 223 and 224: (millions of €) % Change Fee and
Page 225 and 226: Net hedging income (loss) (millions
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Administrative expenses for personn
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consolidation were attributable sol
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The cost of credit risk (calculated
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eing completed on October 1, 2007.
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and Romania). Growth in the Poland
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( in millions of Euros) % Change Ne
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markets recorded in 2007 (Croatia,
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Gross profit therefore stands at
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amounting to € 1,222 million in a
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1. Deposits from banks 152,437 1,94
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usiness segments have posted result
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(in millions of €) % Change Opera
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(in millions of €) RECONCILIATION
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100. Income (Losses) from sale or r
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100. Income (Losses) from sale or r
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This result should not be considere
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10.2. Information regarding the fin
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5.00% 02.01.2016 applicable not app
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HVB Lux Geldilux - TS - 2005 tradit
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10.3. Indication of the financial r
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12. INFORMATION ON EXPECTED TRENDS
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14. ADMINISTRATION, MANAGEMENT OR S
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Quadrante Europa (Platform for logi
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esearch on the strategies of multin
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Director; he is a Member of the Boa
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the Management Board of Bank Austri
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Alessandro Profumo Giovanni Belluzz
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Manfred Bischoff Enrico Tommaso Cuc
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Donato Fontanesi Francesco Giacomin
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Marianna Li Calzi Salvatore Ligrest
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Banca SANPAOLO IMI S.p.A. Member of
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Mischek Privatstiftung Member of th
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The members of the Board of Statuto
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Massimo Livatino. Degree in Economi
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CSP Società Consortile a r.l. Chai
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Giuseppe Verrascina Interpump Group
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Eastern Europe. In November 2001 he
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Group and merger with the Capitalia
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Reninvest SA Member of the Board of
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Fondazione Ugo Foscolo (UniCredit &
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- on the Warsaw Stock Exchange in r
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Person Position description Compens
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Person Position description Compens
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Other key management personnel, lis
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Friedrich Kadrnoska Director April
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External Auditors, as well as the s
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- put in place a set of regulations
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1 shares received in 2009 following
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(c) “Discount Share”: at the en
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subsidiaries - direct or indirect -
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For that which concerns the informa
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customers Other assets 45 - 16 - -
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The following table provides detail
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November 2008 December 2008 January
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20. FINANCIAL INFORMATION REGARDING
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Balance Sheet In the following tabl
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A. 1. OPERATING ACTIVITIES Operatio
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On April 30, 2009, the ordinary ses
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losses in the matter or, if this pe
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International Industrial Participat
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debited to the plaintiff’s accoun
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Accordingly, the plaintiff requeste
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Zagrebačka maintains that the plai
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In fact, the bank believes it has c
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In the meantime, HVB, which believe
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Madoff In December 2008, Bernard L.
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standards, no provisions were made
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Investigations by the Polish Tax Au
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In addition, BiFin conducted an ins
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21. ADDITIONAL INFORMATION 21.1. Eq
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The Board of Directors resolved: i)
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medium-term incentive system for Gr
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09.18.2008 September 16, 2008 6,683
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01.04.2008 December 31, 2007 6,682,
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10.02.2006 September 15, 2006 5,218
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Only shareholders that individually
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financial or insurance sectors, in
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Pursuant to Section 27 of the Artic
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Additionally, the Shareholders’ M
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If these provisions are violated, a
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the interest held by UniCredit in B
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22.7. Agreement for the sale by BA
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First Contribution, shares of the O
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23. INFORMATION ORIGINATING FROM TH
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25. INFORMATION ON EQUITY INVESTMEN
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S. NAME MEDIOBANCA BANCA DI CREDITO
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List of the Main Companies Subject
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SECOND SECTION - 401 -
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2. RISK FACTORS For a description o
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3.4 Reasons for the Offer and Use o
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With reference to the voting right,
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Some general information about the
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esolution following the one pertain
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shareholders, and the companies and
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Non Qualifying Holdings contribute
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Capital gains realised by resident
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4.11.2 Germany The following sectio
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and is an employee of the Company.
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Shares acquired before December 31,
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deducted to the extent to which the
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4.11.3 Poland The following summary
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In order to eliminate the double ta
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are subject to taxation on the disp
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donation or the acceptance of inher
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ending dates, by submitting a reque
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The Shares subscribed before the en
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and Australia, and in the other Exc
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€135,000,000, then extended to
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6. ADMISSION TO TRADING AND TRADING
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8. EXPENSES LINKED TO THE OFFER 8.1
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10. ADDITIONAL INFORMATION 10.1 Con
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Consolidated Interim Report as at S
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3 Consolidated Interim Report as at
Page 455 and 456:
Contents 7 Consolidated Interim Rep
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Changes made to enable proper compa
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11 >> Consolidated Interim Report T
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Notes 13 Interim Report on Operatio
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Highlights 15 >> Interim Report on
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17 >> Interim Report on Operations
Page 467 and 468:
Page 469 and 470:
Results by Business Segment 21 >> I
Page 471 and 472:
UniCredit Share SHARE INFORMATION S
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25 >> Interim Reports on Operations
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27 >> Interim Reports on Operations
Page 477 and 478:
Operating Profit Breakdown 29 >> In
Page 479 and 480:
Non-Interest Income 31 >> Interim R
Page 481 and 482:
Net Profit attributable to the Grou
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Profit before Taxes 35 >> Interim R
Page 485 and 486:
Capital Ratios 37 >> Interim Report
Page 487 and 488:
Page 489 and 490:
Risks connected with raising funds
Page 491 and 492:
Retail Introduction 43 >> Group Res
Page 493 and 494:
45 >> Group Results Retail Retail p
Page 495 and 496:
47 >> Group Results Retail The SRT
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Retail Network Austria 49 >> Group
Page 499 and 500:
Asset Gathering 51 >> Group Results
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53 >> Group Results Corporate & Inv
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Strategies and Product Lines Financ
Page 505 and 506:
57 >> Group Results Corporate & Inv
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59 >> Group Results Private Banking
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61 >> Group Results Private Banking
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It is not currently possible to est
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65 >> Group Results Asset Managemen
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67 >> Group Results Central Eastern
Page 517 and 518:
Page 519 and 520:
Page 521 and 522:
73 >> Group Results Poland’s Mark
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Further Information 75 >> Group Res
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77 >> Group Results The combination
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New Group external growth initiativ
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Transactions to dispose of equity i
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Steps to Strengthen Capital 83 >> G
Page 533:
Outlook 85 >> Group Results Despite
Page 537 and 538:
89 RELASEMESTRALE CONSOLIDATA >> Co
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Liabilities and shareholders' equit
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Page 543 and 544:
Page 545:
CONSOLIDATED CASH FLOW STATEMENT (i
Page 548 and 549:
100
Page 550 and 551:
Part A) Accounting Policies A1) Gen
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Section 3 - Consolidation Scope and
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Investments in subsidiaries, compan
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NAME MAIN OFFICE CONSOLIDATED INTER
Page 558 and 559:
Page 560 and 561:
NAME MAIN OFFICE DELPHA IMMOBILIEN-
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NAME MAIN OFFICE GRUNDSTUCKSAKTIENG
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Page 566 and 567:
Page 568 and 569:
Page 570 and 571:
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Page 576 and 577:
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Page 580 and 581:
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Section 4 - Subsequent Events No ev
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136
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Part B) Consolidated Balance Sheet
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Section 5 - Held-to-maturity invest
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Section 12 - Property, plant and eq
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The CGU is the lowest level at whic
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Section 15 - Non-current assets and
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Section 3 - Debt securities in issu
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Section 15 - Shareholders’ Equity
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152
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Part C) - Consolidated Income State
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Section 3 - Dividend income and sim
Page 606 and 607:
Section 8 - Impairment losses - Ite
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Section 12 - Provisions for risks a
Page 610 and 611:
162
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Part D - Segment Reporting (amounts
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A - Primary Segment Segment Reporti
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168
Page 618 and 619:
Part E - Risks ad related risk mana
Page 620 and 621:
Quantitative Information A. Credit
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A.1.3 Balance sheet exposure to ban
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Information on Structured Credit Pr
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Retention by the Group of the first
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Securitized assets broken down by a
Page 630 and 631:
The following table shows exposure
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The residual life of sponsored cond
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Structured credit product exposures
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The Group’s portfolio includes th
Page 638 and 639:
A financial instrument is regarded
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The following table gives the amoun
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Here follows the breakdown of balan
Page 644 and 645:
The following graphs analyze the ba
Page 646 and 647:
Currently, clockwise and counter-cl
Page 648 and 649:
Sensitivity to the volatility of in
Page 650 and 651:
Section 3 - Liquidity risk Managing
Page 652 and 653:
Organizational structure Senior Man
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B. Legal Risks There are a number o
Page 656 and 657:
Cirio In April 2004 the Extraordina
Page 658 and 659:
Divania S.r.l In the first half of
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Mario Malavolta On July 2009 Mr. Ma
Page 662 and 663:
Hypo Real Estate AG and Hypo Real E
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Squeeze-out of minority shareholder
Page 666 and 667:
In addition, several proceedings ha
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220
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Part F - Information on Shareholder
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Section 2 - Shareholders’ equity
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B. Quantitative information Regulat
Page 676 and 677:
228
Page 678 and 679:
Part H - Related-party transactions
Page 680 and 681:
232
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Part I) Share-Based Payments A. Qua
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236
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Annex 1 - Reconciliation of Condens
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CONSOLIDATED INCOME STATEMENT (€
Page 690 and 691:
Annex 2 - Definition of Terms and A
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- Pillar 1: while the objective of
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Cost of risk The ratio between loan
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Hedge Fund Speculative mutual inves
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Liquidity risk The risk of the comp
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Purchase Companies Vehicle used by
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UCITS - Undertaking for Collective
Page 704 and 705:
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258
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Prospectus - Notowania

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