ITAÚ UNIBANCO HOLDING S.A.
From January 1 to December 31, 2017
(In millions of Reais, except for share information)
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Consolidated Statement of Income |
Retail Banking |
Wholesale Banking |
Activities with the Market + Corporation |
ITAÚ UNIBANCO |
Adjustments | IFRS consolidated |
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Banking product |
69,600 | 28,748 | 10,620 | 108,968 | 2,082 | 111,050 | ||||||||||||||||||
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Interest margin (1) |
38,381 | 19,426 | 10,508 | 68,315 | 1,276 | 69,591 | ||||||||||||||||||
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Banking service fees |
23,963 | 8,876 | 46 | 32,885 | 1,563 | 34,448 | ||||||||||||||||||
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Income related to insurance, private pension, and capitalization operations before claim and selling expenses |
7,256 | 446 | 66 | 7,768 | (2,516 | ) | 5,252 | |||||||||||||||||
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Other income |
— | — | — | — | 1,759 | 1,759 | ||||||||||||||||||
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Cost of Credit and Claims |
(13,324 | ) | (5,882 | ) | (6 | ) | (19,212 | ) | 972 | (18,240 | ) | |||||||||||||
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Expenses for allowance for loan and lease losses |
(14,005 | ) | (5,053 | ) | (6 | ) | (19,064 | ) | (1,682 | ) | (20,746 | ) | ||||||||||||
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Impairment |
— | (1,094 | ) | — | (1,094 | ) | 1,094 | — | ||||||||||||||||
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Discounts granted |
(785 | ) | (263 | ) | — | (1,048 | ) | 1,048 | — | |||||||||||||||
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Recovery of loans written off as loss |
2,688 | 581 | — | 3,269 | 429 | 3,698 | ||||||||||||||||||
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Expenses for claims / recovery of claims under reinsurance |
(1,222 | ) | (53 | ) | — | (1,275 | ) | 83 | (1,192 | ) | ||||||||||||||
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Operating margin |
56,276 | 22,866 | 10,614 | 89,756 | 3,054 | 92,810 | ||||||||||||||||||
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Other operating income (expenses) |
(37,280 | ) | (14,523 | ) | (1,647 | ) | (53,450 | ) | (7,149 | ) | (60,599 | ) | ||||||||||||
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Non-interest expenses (2) |
(32,885 | ) | (13,265 | ) | (831 | ) | (46,981 | ) | (7,137 | ) | (54,118 | ) | ||||||||||||
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Tax expenses for ISS, PIS and COFINS and Other |
(4,395 | ) | (1,258 | ) | (816 | ) | (6,469 | ) | (560 | ) | (7,029 | ) | ||||||||||||
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Share of profit or (loss) in associates and joint ventures |
— | — | — | — | 548 | 548 | ||||||||||||||||||
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Net income before income tax and social contribution |
18,996 | 8,343 | 8,967 | 36,306 | (4,095 | ) | 32,211 | |||||||||||||||||
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Income tax and social contribution |
(7,146 | ) | (2,412 | ) | (1,777 | ) | (11,335 | ) | 3,392 | (7,943 | ) | |||||||||||||
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Non-controlling interest in subsidiaries |
(166 | ) | 117 | (22 | ) | (71 | ) | (294 | ) | (365 | ) | |||||||||||||
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Result of Citibank’s operations |
(21 | ) | — | — | (21 | ) | 21 | — | ||||||||||||||||
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Net income |
11,663 | 6,048 | 7,168 | 24,879 | (976 | ) | 23,903 | |||||||||||||||||
| (1) | Includes net interest and similar income and expenses of R$ 66,365 dividend income of R$ 301, net gain (loss) on investment securities and derivatives of R$ 3,175 and results from foreign exchange results and exchange variation of transactions abroad of R$ (250). |
| (2) | Refers to general and administrative expenses including depreciation expenses of R$ 1,564 amortization expenses of R$ 1,470 and insurance acquisition expenses of R$ 310. |
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Total assets (1) - 12/31/2017 |
970,137 | 604,384 | 119,309 | 1,503,503 | (68,534 | ) | 1,434,969 | |||||||||||||||||
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Total liabilities - 12/31/2017 |
934,835 | 548,185 | 71,873 | 1,364,566 | (77,603 | ) | 1,286,963 | |||||||||||||||||
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(1) Includes: |
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Investments in associates and joint ventures |
1,168 | — | 3,986 | 5,154 | 17 | 5,171 | ||||||||||||||||||
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Goodwill |
1,452 | 6,666 | — | 8,118 | 2,598 | 10,716 | ||||||||||||||||||
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Fixed assets, net |
5,105 | 1,290 | — | 6,395 | 964 | 7,359 | ||||||||||||||||||
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Intangible assets, net |
7,286 | 1,028 | — | 8,314 | 353 | 8,667 |
The consolidated figures do not represent the sum of the segments because there are intercompany transactions that were eliminated only in the consolidated financial statements. Segments are assessed by top management, net of income and expenses between related parties.
ITAÚ UNIBANCO HOLDING S.A.
From January 1 to December 31, 2016
(In millions of Reais except per share information)
|
Consolidated Statement of Income |
Retail Banking |
Wholesale Banking |
Actitivities with the Market + Corporation |
ITAÚ UNIBANCO |
Adjustments | IFRS consolidated |
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Banking product |
70,496 | 30,498 | 9,412 | 110,406 | 8,255 | 118,661 | ||||||||||||||||||
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Interest margin (1) |
40,073 | 21,929 | 9,264 | 71,266 | 8,215 | 79,481 | ||||||||||||||||||
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Banking service fees |
22,659 | 8,072 | 59 | 30,790 | 1,128 | 31,918 | ||||||||||||||||||
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Income related to insurance, private pension, and capitalization operations before claim and selling expenses |
7,764 | 497 | 89 | 8,350 | (2,470 | ) | 5,880 | |||||||||||||||||
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Other income |
— | — | — | — | 1,382 | 1,382 | ||||||||||||||||||
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Cost of Credit and Claims |
(15,820 | ) | (10,645 | ) | 71 | (26,394 | ) | 4,272 | (22,122 | ) | ||||||||||||||
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Expenses for allowance for loan and lease losses |
(16,717 | ) | (8,914 | ) | 71 | (25,560 | ) | 1,181 | (24,379 | ) | ||||||||||||||
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Impairment |
(26 | ) | (1,856 | ) | — | (1,882 | ) | 1,882 | — | |||||||||||||||
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Discounts granted |
(893 | ) | (318 | ) | — | (1,211 | ) | 1,211 | — | |||||||||||||||
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Recovery of loans written off as loss |
3,242 | 502 | — | 3,744 | (2 | ) | 3,742 | |||||||||||||||||
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Expenses for claims / recovery of claims under reinsurance |
(1,426 | ) | (59 | ) | — | (1,485 | ) | — | (1,485 | ) | ||||||||||||||
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Operating margin |
54,676 | 19,853 | 9,483 | 84,012 | 12,527 | 96,539 | ||||||||||||||||||
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Other operating income (expenses) |
(37,202 | ) | (13,410 | ) | (2,387 | ) | (52,999 | ) | (5,348 | ) | (58,347 | ) | ||||||||||||
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Non-interest expenses (2) |
(32,883 | ) | (12,034 | ) | (1,616 | ) | (46,533 | ) | (4,371 | ) | (50,904 | ) | ||||||||||||
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Tax expenses for ISS, PIS and COFINS and Other |
(4,319 | ) | (1,376 | ) | (771 | ) | (6,466 | ) | (1,505 | ) | (7,971 | ) | ||||||||||||
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Share of profit or (loss) in associates and joint ventures |
— | — | — | — | 528 | 528 | ||||||||||||||||||
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Net income before income tax and social contribution |
17,474 | 6,443 | 7,096 | 31,013 | 7,179 | 38,192 | ||||||||||||||||||
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Income tax and social contribution |
(6,328 | ) | (1,081 | ) | (1,237 | ) | (8,646 | ) | (5,964 | ) | (14,610 | ) | ||||||||||||
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Non-controlling interest in subsidiaries |
(223 | ) | 79 | (1 | ) | (145 | ) | (174 | ) | (319 | ) | |||||||||||||
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Net income |
10,923 | 5,441 | 5,858 | 22,222 | 1,041 | 23,263 | ||||||||||||||||||
| (1) | Includes net interest and similar income and expenses of R$ 66,369 dividend income of R$ 288, net gain (loss) on investment securities and derivatives of R$ 7,311 and foreign exchange results and exchange variation on transactions of abroad R$ 5,513. |
| (2) | Refers to general and administrative expenses including depreciation expenses of R$ 1,702 amortization expenses of R$ 1,292 and insurance acquisition expenses of R$ 721. |
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Total assets (1) - 12/31/2016 |
909,779 | 585,088 | 116,401 | 1,427,084 | (73,843 | ) | 1,353,241 | |||||||||||||||||
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Total liabilities - 12/31/2016 |
877,792 | 525,390 | 80,810 | 1,299,869 | (81,442 | ) | 1,218,427 | |||||||||||||||||
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(1) Includes: |
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Investments in associates and joint ventures |
1,325 | — | 3,106 | 4,431 | 642 | 5,073 | ||||||||||||||||||
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Goodwill |
1,398 | 6,171 | — | 7,569 | 2,106 | 9,675 | ||||||||||||||||||
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Fixed assets, net |
5,635 | 1,177 | — | 6,812 | 1,230 | 8,042 | ||||||||||||||||||
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Intangible assets, net |
6,559 | 1,105 | — | 7,664 | (283 | ) | 7,381 |
The Consolidated figures do not represent the sum of the segments because there are intercompany transactions that were eliminated only in the consolidated financial statements. Segments are assessed by top management, net of income and expenses between related parties.
ITAÚ UNIBANCO HOLDING S.A.
From January 1 to December 31, 2015
(In millions of Reais except per share information)
|
Consolidated Statement of Income |
Retail Banking |
Wholesale Banking |
Actitivities with the Market + Corporation |
ITAÚ UNIBANCO |
Adjustments | IFRS consolidated |
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Banking product |
71,203 | 25,898 | 7,641 | 104,742 | (12,731 | ) | 92,011 | |||||||||||||||||
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Interest margin (1) |
41,705 | 18,171 | 7,513 | 67,389 | (12,781 | ) | 54,608 | |||||||||||||||||
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Banking service fees |
21,159 | 7,282 | 59 | 28,500 | 952 | 29,452 | ||||||||||||||||||
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Income related to insurance, private pension, and capitalization operations before claim and selling expenses |
8,339 | 445 | 69 | 8,853 | (2,181 | ) | 6,672 | |||||||||||||||||
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Other income |
— | — | — | — | 1,279 | 1,279 | ||||||||||||||||||
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Cost of Credit and Claims |
(14,601 | ) | (6,055 | ) | 98 | (20,558 | ) | (777 | ) | (21,335 | ) | |||||||||||||
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Expenses for allowance for loan and lease losses |
(16,232 | ) | (6,764 | ) | 98 | (22,898 | ) | (1,619 | ) | (24,517 | ) | |||||||||||||
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Impairment |
— | (85 | ) | — | (85 | ) | 85 | — | ||||||||||||||||
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Discounts granted |
(708 | ) | (39 | ) | — | (747 | ) | 747 | — | |||||||||||||||
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Recovery of loans written off as loss |
3,886 | 883 | — | 4,769 | 10 | 4,779 | ||||||||||||||||||
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Expenses for claims / recovery of claims under reinsurance |
(1,547 | ) | (50 | ) | — | (1,597 | ) | — | (1,597 | ) | ||||||||||||||
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Operating margin |
56,602 | 19,843 | 7,739 | 84,184 | (13,508 | ) | 70,676 | |||||||||||||||||
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Other operating income (expenses) |
(35,924 | ) | (11,130 | ) | (1,948 | ) | (49,002 | ) | (3,409 | ) | (52,411 | ) | ||||||||||||
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Non-interest expenses (2) |
(31,547 | ) | (9,877 | ) | (1,522 | ) | (42,946 | ) | (4,680 | ) | (47,626 | ) | ||||||||||||
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Tax expenses for ISS, PIS and COFINS and Other |
(4,377 | ) | (1,253 | ) | (426 | ) | (6,056 | ) | 651 | (5,405 | ) | |||||||||||||
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Share of profit or (loss) in associates and joint ventures |
— | — | — | — | 620 | 620 | ||||||||||||||||||
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Net income before income tax and social contribution |
20,678 | 8,713 | 5,791 | 35,182 | (16,917 | ) | 18,265 | |||||||||||||||||
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Income tax and social contribution |
(7,263 | ) | (2,691 | ) | (1,040 | ) | (10,994 | ) | 18,885 | 7,891 | ||||||||||||||
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Non-controlling interest in subsidiaries |
(342 | ) | — | (14 | ) | (356 | ) | (60 | ) | (416 | ) | |||||||||||||
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Net income |
13,073 | 6,022 | 4,737 | 23,832 | 1,908 | 25,740 | ||||||||||||||||||
| (1) | Includes net interest and similar income and expenses of R$ 72,725, dividend income of R$ 98 net gain (loss) on investment securities and derivatives of R$ (11,862) and foreign exchange results and exchange variation on transactions of abroad R$ (6,353). |
| (2) | Refers to general and administrative expenses including depreciation expenses of R$ 1,688, amortization expenses of R$ 910 and insurance acquisition expenses of R$ 1,138. |
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Total assets (1) - 12/31/2015 |
873,202 | 547,236 | 127,716 | 1,359,172 | (82,757 | ) | 1,276,415 | |||||||||||||||||
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Total liabilities - 12/31/2015 |
840,033 | 502,887 | 97,017 | 1,250,955 | (88,599 | ) | 1,162,356 | |||||||||||||||||
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(1) Includes: |
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Investments in associates and joint ventures |
1,064 | — | 2,436 | 3,500 | 899 | 4,399 | ||||||||||||||||||
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Goodwill |
232 | — | — | 232 | 1,825 | 2,057 | ||||||||||||||||||
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Fixed assets, net |
5,781 | 1,274 | — | 7,055 | 1,486 | 8,541 | ||||||||||||||||||
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Intangible assets, net |
6,606 | 857 | — | 7,463 | (1,168 | ) | 6,295 |