Consolidated Balance Sheet


at December 31, 2009 and 2010

(In Millions of Reais)

Assets Note 12/31/2010 12/31/2009 Opening
balance 01/01/2009
Cash and Deposits on Demand 3 4,029 3,903 5,818
Central Bank Compulsory Deposits 4 31,469 5,970 5,724
Interbank Deposits 5 5,425 6,312 9,316
Securities Purchased Under Agreement To Resell 5 32,786 48,644 39,993
Financial Assets Held For Trading 6 42,619 20,470 21,468
Pledged as Collateral
  19,896 2,247 1,083
Other
  22,723 18,223 19,290
Financial Assets Designated at Fair Value Through Profit or Loss 6 112 132 216
Derivatives 7 2,846 1,984 6,185
Available-for-Sale Financial Assets 9 16,803 14,794 16,990
Pledged as Collateral
  3,766 1,071 1,327
Other
  13,037 13,723 15,663
Held-to-Maturity Financial Assets 10 1,159 862 2,250
Pledged as Collateral
  98 44 1,332
Other
  1,061 818 918
Loan Operations, Net 11 100,756 79,727 79,923
Loan Operations
  108,068 86,907 85,907
(-) Allowance for Doubtful Accounts
  (7,312) (7,180) (5,984)
Other Financial Assets 21a 15,724 9,483 11,057
Inventories 13 663 733 732
Investments in Unconsolidated Companies 14 II 1,079 1,129 488
Fixed Assets, Net 15 4,617 4,304 3,393
Biological Assets 16 1,030 870 466
Intangible Assets, Net 17 2,691 1,904 1,498
Tax Assets 9,450 9,892 10,764
Income Tax and Social Contribution – Credits
1,438 1,655 1,752
Income Tax and Social Contribution – Deferred
25b 7,646 7,867 8,558
Other
  366 370 454
Other Assets – Non Financial 21a 2,345 2,299 2,045
Assets Held for Sale   32 92 115
Total Assets   275,635 213,504 218,441
The accompanying notes are an integral part of these consolidated financial statements.


Liabilities and Stockholders' Equity Note 12/31/2010 12/31/2009 Opening balance
01/01/2009
Raised Funds   187,876 141,348 148,274
Deposits
18 74,129 67,634 73,231
Deposits Received Under Securities Repurchase Agreements
20a 73,020 46,792 44,065
Financial Liabilities Held for Trading
19 488 235 105
Interbank Market
20a 22,894 15,860 18,947
Institutional Market
20c 17,345 10,827 11,926
Derivatives 7 2,077 1,976 5,081
Other Financial Liabilities 21b 14,999 9,585 8,892
Reserves for Insurance and Private Pension 29 20,797 17,003 14,485
Liabilities for Capitalization Plan   952 802 746
Provisions 31 5,581 5,101 6,404
Tax Liabilities   5,650 5,658 3,686
Income Tax and Social Contribution – Current
  364 131 394
Income Tax and Social Contribution – Deferred
25b 3,114 2,839 2,376
Other
2,172 2,688 916
Other Non-Financial Liabilities 21b 8,524 6,193 9,975
Total Liabilities   246,456 187,666 197,542
Stockholders' Equity        
Capital
22a 13,266 13,000 10,000
Treasury Shares
22a (15) (46)
Additional Paid-In Capital
22c 12 12
Reserves
  13,129 11,836 12,510
Accumulated Deficit
  (1,601) (3,061)
Cumulative Comprehensive Income
  (105) (43) (44)
Total Stockholders' Equity of Owners of Parent Company   26,302 23,189 19,359
Non-Controlling Interests
  2,877 2,649 1,539
Total Stockholders' Equity Including Non-Controlling Interests   29,179 25,838 20,898
Total Liabilities and Stockholders' Equity   275,635 213,504 218,441
The accompanying notes are an integral part of consolidated financial statements.

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