Notes to the Consolidated Financial Statements
At December 31, 2010 and 2009
(In Millions of Reais)
Note 01 – Overview
ITAÚSA – Investimentos Itaú S.A. ("ITAÚSA") is a publicly-held company, organized and existing under the Laws of Brazil, and is located at Praça Alfredo Egydio de Souza Aranha, No. 100, Jabaquara, Torre Olavo Setubal, in the city of São Paulo, Brazil.
ITAÚSA has as its main objective supporting the companies in which it holds an equity interest, through studies, analyses and suggestions on the operating policy and projects for the expansion of the mentioned companies, obtaining resources to meet the related additional needs of risk capital through subscription or acquisition of securities issued, to strengthen their position in the capital market and related activities or subsidiaries of interest of the mentioned companies, except for those restricted to financial institutions.
Through its subsidiaries, ITAÚSA operates in the markets for financial services (ITAÚ UNIBANCO HOLDING), wood panels, bathroom porcelains and metals (Duratex), information technology (Itautec), and in the chemical products (Elekeiroz) – as shown in Note 32 "Segment Information".
ITAÚSA is a holding company controlled by the Egydio de Souza Aranha family who holds 61.1% of the common shares and 18.0% of the preferred shares.
The consolidated financial statements for the years ended December 31, 2001 and 2009 were approved by the Board of Directors of ITAÚSA – Investimentos Itaú S.A. on March 28, 2011.