Prospectus - Notowania

Section 3 – Consolidation Scope and Procedures
Consolidation criteria and principles used to prepare the Consolidated Interim Report as at September 30, 2009 are as
follows:
Accounts Used for Consolidation
The following were used for the consolidation of accounting data as at September 30, 2009:
� Parent company accounts as at September 30, 2009;
� The accounts of the other fully consolidated Group entities as at September 30, except for those noted here, duly
condensed (reclassified) and adjusted to take into account the requirements of consolidation and, where necessary, to
bring them into line with IFRS;
� In respect of the Leasing sub-group headed by UniCredit Leasing S.p.A. (a company resulting from the absorption of
UniCredit Global Leasing S.p.A. by Locat S.p.A. on January 1, 2009):
- the sub-consolidated accounts of UniCredit Leasing GmbH (including its subsidiaries) as at September 30;
- the half-year accounts of all the direct and indirect subsidiaries UniCredit Leasing S.p.A. operating in the CEE
region;
SIC 12 requires us to consolidate special purpose entities provided that the majority of the risks and rewards arising out of the
business of these special purpose entities is attributable to the bank or the bank controls these special purpose entities. An
interest in the equity capital of the special purpose entities is immaterial in this regard.
Under initial consolidation compliant with SIC 12, the assets and liabilities of the special purpose entity are included at the
balance sheet date measured at their fair value. The uniform principles of accounting and valuation used across the corporate
group are then applicable. The expenses and income of the special purpose entity in question have been included in the
consolidated income statement from the date of initial consolidation. Thus the consolidation of special purpose entities in
accordance with SIC 12 has the same effect as full consolidation. Equity interests held by third parties in a special purpose
entity consolidated by the Bank in accordance with SIC 12 are recognised under minority interest.
Amounts denominated in currencies other than the euro are converted at closing exchange rates in respect of the balance
sheet. The average exchange rate for the half year is used for the income statement; this is considered a valid approximation
of the rate of exchange at the date of the transaction.
SUBSIDIARIES
Subsidiaries are companies in which:
� The Parent owns, directly or indirectly through subsidiaries, more than half of the voting power unless, in exceptional
circumstances, it can be clearly demonstrated that such ownership does not constitute control.
� The Parent owns half or less of the voting power and has:
o power over more than half of the voting rights by virtue of an agreement with other investors;
o power to govern the financial and operating policies of the entity under a statute or an agreement;
o power to appoint or remove the majority of the members of the board of directors or equivalent governing body and
control of the entity is by that board or body;
o power to cast the majority of votes at meetings of the board of directors or equivalent governing body and control of
the entity is by that board or body.
These definitions include special purpose entities as required by SIC 12.
The existence and effect of potential voting rights that are currently exercisable or convertible, are considered when
assessing whether an entity has the power to govern the financial and operating policies of another entity.
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
104