CASSA CENTRALE BANCA Credito Cooperativo Del Nord Est Financial Statements 2011
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CASSA CENTRALE BANCA crediTo Cooperativo del NoRd est financial statements 2011 (Translation from the italian original which remains the definitive version) CASSA CENTRALE BANCA / FiNANCiAL STATEMENTS / 2011 TABLE OF CONTENTS COMPOSITION OF THE DIRECTORS’ REPORT BOARD OF STATUTORY INDEPENDENT AUDITORS’ FINANCIAL STATEMENTS CORPORATE BODIES AND ON OPERATIONS AUDITORS’ REPORT REPORT FOR THE YEAR ENDED OFFICERS 31 DECEMBER 2011 List of shareholders p. 9 General introduction p. 16 Board of Statutory independent Statement of financial Auditors’ Report p. 93 Auditors’ Report p. 101 position p. 107 Corporate officers p. 13 Main business of Cassa Centrale Banca p. 30 income statement p. 108 Subsidiaries of Statement of Cassa Centrale Banca p. 56 Comprehensive income p. 109 Main associates of Statement of changes Cassa Centrale Banca p. 60 in Equity p. 110 Management activity Cash Flow Statement p. 112 of Cassa Centrale Banca p. 66 Management activity of the subsidiaries p. 76 other information on operations p. 82 TABLE oF CoNTENTS FINANCIAL STATEMENTS EXPLANATORY NOTES FINANCIAL STATEMENTS FINANCIAL STATEMENT AS FOR THE YEAR ENDED OF THE SUBSIDIARIES AS AT DECEMBER 31 2011 31 DECEMBER 2011 AT 31 DECEMBER 2011 Statement of financial part A Centrale Leasing Nord Est p. 311 Balance sheet p. 319 position p. 107 Accounting policies p. 116 Centrale Corporate p. 313 profit and loss account p. 320 income statement p. 108 part B information on the Statement of Comprehensive income p. 109 Statement of financial position p. 148 Statement of changes in Equity p. 110 part C information on the Cash Flow Statement p. 112 income statement p. 196 part d Comprehensive income p. 216 part E information on risks and hedging policies p. 218 part F information on Equity p. 292 part G Business combinations regarding companies or branches p. 300 part H Transactions with related parties p. 302 part i payment agreements based on own equity instruments p. 306 part L Segment Reporting p. 306 CASSA CENTRALE BANCA / FINANCIAL STATEMENTS / 2011 CoMpoSiTioN oF THE CoRpoRATE BodiES ANd oFFiCERS CASSA CENTRALE BANCA / FiNANCiAL STATEMENTS / 2011 8 CoMPOSiTION oF CoRPORATE BODIES ANd oFFiCERS LIST OF SHAREHOLDERS CASSA CENTRALE BANCA ORDINARY SHAREHOLDERS Centrale Finanziaria del Nord Est CENTRALE FINANZIARIA DEL NORD EST Società per Azioni DZ BANK AG DEUTSCHE ZENTRALGENOSSENSCHAFTSBANK FRANKFURT AM MAIN CASSE RURALI TRENTINE CASSA RURALE AdAMELLo - BRENTA Banca di Credito Cooperativo - Cooperative Company CASSA RURALE ALTA vALdiSoLE E pEJo B.C.C.Cooperative Company CASSA RURALE ALTA vALLAGARiNA di Besenello, Calliano, Nomi, volano B.C.C. Cooperative Company CASSA RURALE ALTo GARdA B.C.C. Cooperative Company CASSA RURALE BASSA ANAUNiA B.C.C. Cooperative Company CASSA RURALE BASSA vALLAGARiNA B.C.C. Cooperative Company CASSA RURALE CENTRo vALSUGANA di Spera, Strigno, Telve, B.C.C. Cooperative Company CASSA RURALE CENTRoFiEMME-CAvALESE B.C.C. Cooperative Company CASSA RURALE d’ANAUNiA B.C.C. Taio Cooperative Company CASSA RURALE dELLA BASSA vALSUGANA B.C.C. Cooperative Company CASSA RURALE dELLA vALLE dEi LAGHi B.C.C. Cooperative Company CASSA RURALE di ALdENo E CAdiNE B.C.C. Cooperative Company CASSA RURALE di BRENToNiCo B.C.C. Cooperative Company CASSA RURALE di CALdoNAZZo B.C.C. Cooperative Company CASSA RURALE di CASTELLo TESiNo B.C.C. Cooperative Company CASSA RURALE di FiEMME B.C.C. Cooperative Company CASSA RURALE di FoLGARiA B.C.C. Cooperative Company CASSA RURALE di Giovo B.C.C. Cooperative Company CASSA RURALE di iSERA B.C.C. Cooperative Company CASSA RURALE di LEdRo B.C.C. Cooperative Company CASSA RURALE di LEviCo TERME B.C.C. Cooperative Company CASSA RURALE di LiZZANA B.C.C. Cooperative Company CASSA RURALE di MEZZoCoRoNA B.C.C. Cooperative Company CASSA RURALE di MEZZoLoMBARdo E S. MiCHELE a/A. B.C.C. Cooperative Company CASSA RURALE di MoRi - vAL di GRESTA B.C.C. Cooperative Company CASSA RURALE di oLLE - SAMoNE - SCURELLE B.C.C. Cooperative Company CASSA RURALE di pERGiNE vALSUGANA B.C.C. Cooperative Company CASSA RURALE di piNZoLo B.C.C. Cooperative Company CASSA RURALE di RABBi E CALdES B.C.C. Cooperative Company CASSA RURALE di RoNCEGNo B.C.C. Cooperative Company CASSA RURALE di RovERÈ dELLA LUNA B.C.C. Cooperative Company 9 CASSA CENTRALE BANCA / FiNANCiAL STATEMENTS / 2011 CASSA RURALE di RovERETo B.C.C. Cooperative Company CASSA RURALE di SAoNE B.C.C. Cooperative Company CASSA RURALE di SpiAZZo E JAvRÈ B.C.C. Cooperative Company CASSA RURALE di STREMBo BoCENAGo E CAdERZoNE B.C.C. Cooperative Company CASSA RURALE di TASSULLo E NANNo B.C.C. Cooperative Company CASSA RURALE di TRENTo B.C.C. Cooperative Company CASSA RURALE di TUENNo vAL di NoN B.C.C. Cooperative Company CASSA RURALE doN LoRENZo GUETTi di QUAdRA - FiAvÈ - LoMASo B.C.C. Cooperative Company CASSA RURALE GiUdiCARiE vALSABBiA pAGANELLA B.C.C. Cooperative Company CASSA RURALE LAviS - vALLE di CEMBRA B.C.C. Cooperative Company CASSA RURALE NovELLA E ALTA ANAUNiA B.C.C. Cooperative Company CASSA RURALE piNETANA FoRNACE E SEREGNANo B.C.C. Cooperative Company CASSA RURALE vAL di FASSA E AGoRdiNo B.C.C. Cooperative Company CASSA RURALE vALLi di pRiMiERo E vANoi B.C.C. Cooperative Company CREDITO COOPERATIVO VENETO FEdERAZioNE vENETA dELLE BANCHE di CREdiTo CoopERATivo Cooperative Company BANCA AdRiA - CREdiTo CoopERATivo dEL dELTA Cooperative Company BANCA ALTo viCENTiNo - CREdiTo CoopERATivo Cooperative Company SCHio BANCA dEi CoLLi EUGANEi - CREdiTo CoopERATivo LoZZo ATESTiNo Cooperative Company BANCA dELLA vALpoLiCELLA CREdiTo CoopERATivo di MARANo (vR) Cooperative Company BANCA di RoMANo E SANTA CATERiNA CREdiTo CoopERATivo (vi) - Cooperative Company BANCA di vERoNA CREdiTo CoopERATivo CAdidAvid S.c.p.A. BANCA pAdovANA CREdiTo CoopERATivo - Cooperative Company BANCA S. BiAGio dEL vENETo oRiENTALE di Cesarolo, Fossalta di portogruaro e pertegada BCC Cooperative Company BANCA SAN GioRGio E vALLE AGNo CREdiTo CoopERATivo di FARA viC. Cooperative Company BANCA vENETA 1896 - Credito Cooperativo delle province di verona e Rovigo - Cooperative Company BCC AdiGE po CREdiTo CoopERATivo Cooperative Company BCC dEL poLESiNE (Ro) - RoviGo Cooperative Company BCC dEL vENEZiANo Cooperative Company BCC dELLE pREALpi Cooperative Company BCC di CARTURA (pAdovA) Cooperative Company BCC di MARCoN - vENEZiA Cooperative Company BCC di pEdEMoNTE Cooperative Company BCC di piovE di SACCo (pAdovA) Cooperative Company BCC EUGANEA di oSpEdALETTo EUGANEo (pd) Cooperative Company BCC S. STEFANo CREdiTo CoopERATivo - MARTELLAGo vENEZiA - Cooperative Company CASSA RURALE E ARTiGiANA di vESTENANovA CREdiTo CoopERATivo Cooperative Company CASSA RURALE E ARTiGiANA di CoRTiNA d’AMpEZZo E dELLE doLoMiTi CREdiTo CoopERATivo Cooperative Com- pany 10 CoMPOSiTION oF CoRPORATE BODIES ANd oFFiCERS CASSA RURALE E ARTiGiANA di RoANA CREdiTo CoopERATivo Cooperative Company CASSA RURALE Ed ARTiGiANA di TREviSo CREdiTo CoopERATivo Cooperative Company CENTRoMARCA BANCA CREdiTo CoopERATivo Cooperative Company RoviGo BANCA CREdiTo CoopERATivo Cooperative Company BCC FRIULI VENEZIA GIULIA FEdERAZioNE dELLE BCC dEL FRiULi vENEZiA GiULiA Cooperative Company BANCA di CARNiA E GEMoNESE CREdiTo CoopERATivo Cooperative Company BANCA di CREdiTo CoopERATivo dEL CARSo Cooperative Company - ZAdRUGA ZAdRUZNA KRASKA BANKA BANCA di UdiNE CREdiTo CoopERATivo Cooperative Company BCC dEL FRiULi CENTRALE Cooperative Company BCC di BASiLiANo Cooperative Company BCC di FiUMiCELLo Ed AiELLo dEL FRiULi (Ud) Cooperative Company BCC di SAN GioRGio E MEdUNo Cooperative Company BCC di STARANZANo E viLLESSE Cooperative Company BCC di TURRiACo Cooperative Company BCC poRdENoNESE Cooperative Company CREdiTo CoopERATivo FRiULi Cooperative Company CASSA RURALE E ARTiGiANA di LUCiNiCo FARRA E CApRivA Cooperative Company COOPERAZIONE TRENTINA FEdERAZioNE TRENTiNA dELLA CoopERAZioNE Cooperative Company FoNdo CoMUNE dELLE CASSE RURALi TRENTiNE Cooperative Company CAviT - Cantina viticoltori Consorzio Cantine Sociali del Trentino - Cooperative Company CoN.SoLidA Cooperative Company Sociale CoNSoRZio LAvoRo AMBiENTE Cooperative Company CoNSoRZio MELiNdA Agricultural Cooperative Company CoNSoRZio pRoviNCiALE pER L’ABiTAZioNE ‘G. vERoNESi’ Cooperative Company pRoMoCoop TRENTiNA S.p.A. SAiT CoNSoRZio dELLE CoopERATivE di CoNSUMo TRENTiNE Cooperative Company TRENTiNGRANA CoNSoRZio dEi CASEiFiCi SoCiALi E dEi pRodUTToRi LATTE TRENTiNi Agricultural Cooperative Com- pany 11 CASSA CENTRALE BANCA / FiNANCiAL STATEMENTS / 2011 PRIVILEGED SHAREHOLDERS BANCA di SALERNo CREdiTo CoopERATivo Cooperative Company BANCA iFiS S.p.A. BANCA popoLARE ETiCA S.c.p.A. CAMERA di CoMMERCio iNdUSTRiA AGRiCoLTURA E ARTiGiANATo - TRENTo CASSA RAiFFEiSEN dELLA vAL pASSiRiA Cooperative Company CASSA RAiFFEiSEN di NATURNo Cooperative Company CASSA RAiFFEiSEN di SAN MARTiNo iN pASSiRiA Cooperative Company CENTRALE FiNANZiARiA dEL NoRd EST SpA - Joint Stock Company CoopERATivA pRoviNCiALE GARANZiA Fidi Cooperative Company CoopERSviLUppo S.p.A. dZ BANK AG dEUTSCHE ZENTRALGENoSSENSCHAFTSBANK FRANKFURT AM MAiN MEdioCREdiTo TRENTiNo ALTo AdiGE S.p.A. pRoviNCiA AUToNoMA di TRENTo 12 CoMPOSiTION oF CoRPORATE BODIES ANd oFFiCERS CORPORATE OFFICERS CASSA CENTRALE BANCA BOARD OF DIRECTORS Giorgio Fracalossi Chairman* Luigi Cristoforetti Acting deputy Chairman* Fabrizio Gastaldo deputy Chairman* Sergio Stancich deputy Chairman* Luigi Baldo director Girolamo Da dalto director diego Eccher director* Lars Hille director paolo Marega director Umberto Martini director Giorgio Melchiori director* Gilberto Noacco director