Prospectus - Notowania

Part A) Accounting Policies
A1) General
Section 1 – Statement of Compliance with IFRS
These Consolidated Financial Statements as at September 30, 2009 have been prepared in accordance with § 154-ter 5 TUF
(Legislative Decree 58/98 of February 24, 1998) and the IFRS issued by the IASB (including the interpretation documents
issued by the SIC and the IFRIC) and endorsed by the European Commission up to September 30, 2009, pursuant to EU
Regulation 1606/2002.
The contents of these Consolidated Financial Statements are in line with IAS 34 on interim reporting. In accordance with §10
IAS 34, UniCredit has opted to provide condensed financial statements.
These Condensed Consolidated Financial Statements are subject to limited review by the external auditor KPMG S.p.A.
Section 2 – Preparation Criteria
As mentioned above, these Consolidated Financial Statements have been prepared in accordance with the IFRS endorsed
by the European Commission. The following documents were used to interpret and support the application of IFRS (albeit not
endorsed by the EC):
� Framework for the Preparation and Presentation of Financial Statements issued by the IASB in 2001
� Implementation Guidance, Basis for Conclusions, IFRIC and any other documents prepared by the IASB or IFRIC
(International Financial Reporting Interpretations Committee) supplementing IFRS
� Interpretative documents on the application of IFRS in Italy prepared by the Organismo Italiano di Contabilità (OIC)
and Associazione Bancaria Italiana (ABI).
The Consolidated Interim Report as at September 30, 2009 comprises the balance sheet, the profit and loss account, the
comprehensive income statement, the statement of changes in equity, the cash-flow statement (compiled using the indirect
method), explanatory notes and annexes.
These are in line with Banca d’Italia schedules as prescribed by Circular 262 dated December 22, 2005, in that they give
comparative figures, as at December 31, 2008 for the balance sheet and as at September 30, 2008 for the profit and loss
account, the statement of comprehensive income, the statement of changes in equity and the cash-flow statement.
In addition to the detailed information prescribed by IAS 34, which is presented according to the accounting schedules, the
explanatory notes contain further information requested by Consob and information considered to be useful for the purposes
of making a proper disclosure of the consolidated situation. As required by Consob notice 6064293 dated July 28, 2006, the
annexes include a reconciliation of the compulsory accounts schedules to the reclassified tables.
Additionally EC regulation 1274/2008 has transposed the new version of IAS 1 “Presentation of financial statements”, which is
applicable to the first financial year starting after December 31, 2008.
More specifically IAS 1 requires to present a Comprehensive Income statement. This statement is included in the
consolidated accounts and, starting from profit (loss) for the period, presents items of income and expense which were not
recognised in the net profit or loss, in compliance with international financial reporting standards.
These items are changes in evaluation for the period contra valuation reserves (after tax) and relate to: available-for-sale
financial assets; property, plant and equipment; intangible assets; hedges of foreign investments; cash-flow hedges;
exchange differences; actuarial gains (losses) on employee defined-benefit plans.
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
102