Information pursuant to Art. 149k of the Consob’s Regulations on Issuers
This table reports the 2011 fees due for the auditing and other than auditing services
provided by the Audit firm or by other entities belonging to its network
Type of services
Entity providing the service
User of the service
Remuneration (in
thousands of €)
Audit
Deloitte & Touche S.p.A.
Banca Carige S.p.A.
214
Deloitte & Touche S.p.A.
Subsidiaries
577
Attestation services
Deloitte & Touche S.p.A.
Banca Carige S.p.A.
20
Other services
Agreed-upon audit procedures
Deloitte & Touche S.p.A.
Banca Carige S.p.A.
60
Consulting services
Deloitte Ers S.r.l.
Banca Carige S.p.A.
395
Other
Deloitte & Touche S.p.A.
Banca Carige S.p.A.
110
Total Banca Carige other services
565
Other services
Deloitte & Touche S.p.A.
Subsidiaries
100
Other
Studio Tributario e societario
Subsidiaries
2
Total Subsidiaries' other services
102
Total
1.478
Fees net of VAT and out-of-pocket expenses
It should also be mentioned that € 125.1 thousand have been paid to Deloitte & Touche S.p.A. for its audit
of the reports on the mutual investments funds managed by Carige Asset Management SGR. S.p.A.
INFORMATION ON OPEN PENSION FUND "FONDO PENSIONE APERTO CARIGE" BALANCE SHEET
ACCUMULATION PHASE
10 - Investments 93.614.071 79.199.401 114.530.847 97.243.262 95.658.796 88.360.378 11.119.537 8.825.739
10 a) - Investments - bank deposits 1.763.741 309.376 2.067.951 264.044 1.072.871 211.309 612.716 715.460 10 b) - Receivables for repurchase agreements
10 c) - Securities issued by governments or international bodies 49.337.313 45.068.442 47.650.207 50.755.783 19.313.451 23.687.346 8.643.028 6.955.655 10 d) - Listed debt securities 28.228.251 24.637.367 24.014.444 14.591.275 9.877.571 7.675.334 1.204.914 538.007 10 e) - Listed equities 26.425.627 21.102.940 53.742.415 47.504.978
10 f) - Unlisted debt securities 8.869.268 2.412.267 10.175.823 5.456.485 8.517.841 5.350.457 72.511
10 h) - Investments - shares in CIS 537.343 456.441
10 l) - Investments - prepayments and accrued income 5.402.918 6.642.343 4.078.667 4.792.362 2.907.984 3.476.638 118.884 86.483 10 n) - Other financial management assets 12.580 129.606 118.128 280.373 226.663 454.316 2.652 1.182
30 - Tax credits 0 0 13.898 0 502.173 214.066 0
10 - Liabilities of social security management
10 a) - Social security management payables
30 - Liabilities of financial management -232.912 -49.460 -368.439 -148.672 -428.600 -246.473 -8.081 -6.431
30 c) - Accruals and deferred income -56.602 -49.453 -95.442 -84.516 -105.756 -99.067 -8.081 -6.431 30 d) - Other financial management liabilities -176.310 -7 -272.997 -64.156 -322.844 -147.406
40 - Tax debts -46.024 -87.338 -21.467 -298.772 0 -237.014 -5.543 -1.928
100 - Net assets allocated to benefits 93.335.135 79.062.603 114.154.839 96.795.818 95.732.369 88.090.957 11.105.913 8.817.380
Memorandum accounts (1) 2.386.963 3.971.816 2.364.105 4.237.169 2.022.933 2.430.600 470.227 526.022
INCOME STATEMENT
ACCUMULATION PHASE
10 - Balance of social security management 13.050.545 11.788.715 16.328.857 12.053.403 10.919.592 9.532.974 2.243.687 2.616.067
10 a) - Contributions for benefits 17.325.016 15.462.256 20.464.906 16.346.453 14.453.617 13.496.614 3.080.648 3.791.037 10 b) - Advances -1.339.769 -830.642 -1.530.923 -1.393.536 -1.428.150 -1.540.153 -169.317 -162.322 10 c) - Transfers and redemptions -1.168.082 -1.158.066 -1.913.839 -2.088.836 -1.777.602 -2.035.134 -464.602 -811.623 10 e) - Payments in form of capital -1.762.808 -1.681.043 -682.807 -802.018 -318.657 -377.997 -203.042 -201.025 10 f) - Premiums for additional benefits -3.812 -3.791 -8.480 -8.660 -9.616 -10.356
20 - Income from financial management 1.855.031 2.963.880 2.067.469 5.294.277 -2.585.585 4.631.640 135.531 83.837
20 a) - Dividends and interest 3.657.836 3.084.254 4.248.591 3.889.900 3.404.634 3.236.116 342.926 278.093 20 b) - Profit and loss from financial transactions -1.801.875 -119.707 -2.178.512 1.430.529 -5.986.710 1.453.250 -208.659 -195.332 20 d) - Income and charges for repurchase agreements
20 f) - Other revenues 6 16 5.953 72 13.056 1.578 1.423
20 g) - Other expenses -936 -667 -2.626 -32.105 -3.581 -70.782 -314 -347
30 - Operating expenses -587.019 -501.068 -1.029.735 -883.311 -1.194.769 -1.051.199 -85.143 -66.312
30 a) - Management companies -563.615 -479.260 -1.001.608 -855.759 -1.170.229 -1.025.988 -81.974 -63.543 30 b) - Other expenses -23.404 -21.808 -28.127 -27.552 -24.540 -25.211 -3.169 -2.769
Change of net assets allocated to benefits before the
substitute tax (10)+(20)+(30) 14.318.557 14.251.527 17.366.591 16.464.369 7.139.238 13.113.415 2.294.075 2.633.592
50 - Substitute tax -46.024 -87.338 -7.569 -298.772 502.173 -237.014 -5.543 -1.928
Change of net assets allocated to benefits (40)+(50) 14.272.533 14.164.189 17.359.022 16.165.597 7.641.411 12.876.401 2.288.532 2.631.664
INVESTMENT LINE "OBJECTIVE: STAFF TERMINATION INDEMNITY"
30/12/2011 30/12/2010
INVESTMENT LINE "CAPITAL PROTECTION"
INVESTMENT LINE "VALORIZATION OF CONTRIBUTIONS PAID IN"
INVESTMENT LINE "LONG-TERM CAPITAL REVALUATION"
30/12/2011 30/12/2010 30/12/2011 30/12/2010 30/12/2011 30/12/2010
HIGHLIGHTS OF OPEN PENSION FUND "FONDO
PENSIONE APERTO CARIGE”
1) International accounting standards (IAS/IFRS)
IAS/IFRS Description Endorsement EC Regulation (1)
Framework Framework See note (2)
IAS 1 Presentation of Financial Statements
Reg. 1274/2008 (18/12/2008); Reg. 53 (22/01/2009), Reg. 70 (24/01/2009), Reg. 494 (12/06/2009), Reg. 243/2010 (24/03/2010), Reg. 149/2011 (19/02/2011)
IAS 2 Inventories Reg. 1126/2008 (29/11/2008), Reg. 70 (24/01/2009)
IAS 7 Cash flow statement
Reg. 1126/2008 (29/11/2008), Reg. 1260 (17/12/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009); Reg. 494/2009 (12/06/2009); Reg. 243/2010 (24/03/2010)
IAS 8 Accounting Policies, Changes in Estimates and Errors Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009) IAS 10 Events after the Balance Sheet Date Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (23/01/2009), Reg. 1142 (27/11/2009) IAS 11 Construction Contracts Reg. 1126/2008 (29/11/2008), Reg. 1260 (17/12/2008), Reg. 1274 (18/12/2008) IAS 12 Taxes on income Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 495 (12/06/2009) IAS 16 Property, Plant and Equipment Reg. 1126/2008 (29/11/2008), Reg. 1260 (17/12/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009); Reg. 495 (12/06/2009) IAS 17 Leasing Reg. 1126/2008 (29/11/2008), Reg. 243/2010 (24/03/2010) IAS 18 Revenues Reg. 1126/2008 (29/11/2008), Reg. 69 (24/01/2009)
IAS 19 Employee Benefits Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009) IAS 20 Accounting for Government Grants and Disclosure of Government Assistance Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009) IAS 21 The Effects of Changes in Foreign Exchange Rates Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 69 (24/01/2009), Reg. 494 (12/06/2009), Reg. 149/2011 (19/02/2011) IAS 23 Financial charges Reg. 1260 (17/12/2008), Reg. 70/2009 (24/01/2009)
IAS 24 Related Party Disclosures Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 632/2010 (20/07/2010) IAS 26 Accounting and Reporting by Retirement Benefit Plans Reg. 1126/2008 (29/11/2008)
IAS 27 Consolidated and Separate Financial Statements Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 69/2009 (24/01/2009), Reg. 70/2009 (24/01/2009), Reg. 494/2009 (12/06/2009) IAS 28 Investment in Associate
Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009), Reg. 494 (12/06/2009), Reg. 495 (12/06/2009), Reg. 149/2011 (19/02/2011)
IAS 29 Financial Reporting in Hyperinflationary Economies Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009) IAS 31 Interests in Joint Ventures Reg. 1126/2008 (29/11/2008), Reg. 70/2009 (24/01/2009), Reg. 494 (12/06/2009), Reg. 149/2011 (19/02/2011)
IAS 32 Financial instruments: presentation
Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 53/2009 (22/01/2009), Reg. 70/2009 (24/01/2009), Reg. 494 (12/06/2009), Reg. 495 (12/06/2009), Reg. 149/2011 (19/02/2011)
IAS 33 Earnings per Share Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 494 (12/06/2009), Reg. 495 (12/06/2009)
IAS 34 Interim Financial Reporting Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009), Reg. 495 (12/06/2009), Reg. 149/2011 (19/02/2011)
IAS 36 Impairment of assets
Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 69/2009 (24/01/2009), Reg. 70/2009 (24/01/2009), Reg. 495 (12/06/2009), Reg. 243/2010 (24/03/2010)
IAS 37 Provisions, Contingent Liabilities and Contingent Assets Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 495 (12/06/2009)
IAS 38 Intangible assets
Reg. 1126/2008 (29/11/2008), Reg. 1260 (17/12/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009), Reg. 495 (12/06/2009), Reg. 243/2010 (24/03/2010)
IAS 39 Financial instruments: recognition and measurement
Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 53 (22/01/2009), Reg. 70 (24/01/2009); Reg. 494 (12/06/2009), Reg. 495 (12/06/2009), Reg. 824/2009 (10/09/2009); Reg. 839/2009
(16/09/2009); Reg. 1171/2009 (01/12/2009); Reg. 243/2010 (24/03/2010), Reg. 149/2011 (19/02/2011)
IAS 40 Investment Property Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009) IAS 41 Agriculture Reg. 1126/2008 (29/11/2008), Reg. 1274 (18/12/2008), Reg. 70/2009 (24/01/2009)
IFRS 1 First adoption of the international accounting standards
Reg. 1126/2008 (29/11/2008), Reg. 1260 (17/12/2008), Reg. 1274 (18/12/2008), Reg. 69 (24/01/2009), Reg. 70 (24/01/2009), Reg. 254 (26/03/2009), Reg. 494 (12/06/2009), Reg. 495 (12/06/2009), Reg. 1136 (26/11/2009), Reg. 1164 (01/12/2009), Reg. 550/2010 (24/06/2010), Reg. 574/2010 (01/07/2010), Reg. 662/2010 (24/07/2010), Reg. 149/2011 (19/02/2011)
IFRS 2 Share-based payments
Reg. 1126/2008 (29/11/2008), Reg. 1261 (17/12/2008), Reg. 495 (12/06/2009), Reg. 243/2010 (24/03/2010); Reg. 244/2010 (24/03/2010)
IFRS 3 Business combinations Reg. 1126/2008 (29/11/2008), Reg. 495/2009 (12/06/2009), Reg. 149/2011 (19/02/2011) IFRS 4 Insurance agreements Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008), Reg. 494/2009 (12/06/2009), Reg. 1165/2009 (01/12/2009)
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008), Reg. 70/2009 (24/01/2009); Reg. 494/2009 (12/06/2009), Reg. 1142/2009 (27/11/2009), Reg. 243/2010 (24/03/2010)
IFRS 6 Exploration for and Evaluation of Mineral Resources Reg. 1126/2008 (29/11/2008)
IFRS 7 Financial instruments: Additional information
Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008), Reg. 53/2009 (22/01/2009), Reg. 70/2009 (24/01/2009), Reg. 495/2009 (12/06/2009), Reg. 824/2009 (10/09/2009), Reg. 1165/2009 (01/12/2009), Reg. 574/2010 (01/07/2010), Reg. 149/2011 (19/02/2011)
2) Interpretations (SIC/IFRIC)
SIC / IFRIC Description Endorsement EC Regulation (1)
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities Reg. 1126/2008 (29/11/2008), Reg. 1260/2008 (17/12/2008), Reg. 1274/2008 (18/12/2008) IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments Reg. 1126/2008 (29/11/2008), Reg. 53/2009 (22/01/2009) IFRIC 4 Determining Whether an Arrangement Contains a Lease Reg. 1126/2008 (29/11/2008), Reg. 254/2009 (26/03/2009) IFRIC 5 Rights to Interests Arising from Decommissioning, Restoration and Environmental Rehabilitation Funds Reg. 1126/2008 (29/11/2008)
IFRIC 6 Liabilities Arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment Reg. 1126/2008 (29/11/2008)
IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) IFRIC 9 Reassessment of Embedded Derivatives Reg. 1126/2008 (29/11/2008), Reg. 495/2009 (12/06/2009), Reg. 1171/2009 (01/12/2009); Reg. 243/2010 (24/03/2010) IFRIC 10 Interim Financial Reporting and Impairment Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) IFRIC 12 Agreements for services licensed Reg. 254/2009 (26/03/2009)
IFRIC 13 Customer Loyalty Programmes Reg. 1262/2008 (17/12/2008), Reg. 149/2011 (19/02/2011) IFRIC 14 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction Reg. 1263/2008 (17/12/2008); Reg. 1274/2008 (18/12/2008), Reg. 633/2010 (20/07/2010) IFRIC 15 Agreements for the construction of real estate Reg. 636/2009 (23/07/2009)
IFRIC 16 Hedge of net investment in a foreign management Reg. 460/2009 (05/06/09); Reg. 243/2010 (24/03/2010) IFRIC 17 Distributions of non-cash assets to owners Reg. 1142/2009 (27/11/2009)
IFRIC 18 Transfers of assets from customers Reg. 1164/2009 (01/12/2009) IFRIC 19 Extinguishing financial liabilities with equity instruments Reg. 662/2010 (24/07/2010)
SIC 7 Introduction of the € Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008), Reg. 494/2009 (12/06/2009) SIC 10 Government Assistance – No Specific Relation to Operating Activities Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) SIC 12 Consolidation – Special Purpose Entities Reg. 1126/2008 (29/11/2008)
SIC 13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) SIC 15 Operating Leases – Incentives Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) SIC 21 Income Taxes – Recovery of Revalued Non-Depreciable Assets Reg. 1126/2008 (29/11/2008)
SIC 25 Income Taxes – Changes in the Tax Status of an Enterprise or its Shareholders Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) SIC 27 Evaluating the Substance of Transactions in the Legal Form of a Lease Reg. 1126/2008 (29/11/2008)
SIC 29 Disclosure – Service Concession Arrangements Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008), Reg. 254/2009 (26/03/2009) SIC 31 Revenue – Barter Transactions Involving Advertising Services Reg. 1126/2008 (29/11/2008)
SIC 32 Intangible Assets – Web Site Costs Reg. 1126/2008 (29/11/2008), Reg. 1274/2008 (18/12/2008) (1) The reported date refers to the publication of the Regulation in the Official Gazette of the European Community.
(2) The framework of the international accounting standards is not an applicable accounting standard and can not be used to justify exceptions to the standards adopted.
On the contrary, it can be used to interpret and apply existing standards. The objectives of the reference framework include support to IASB and national accounting standards boards for the development of new standards and the implementation of convergence projects for national and international standards.
In case the reference framework and some accounting standards are in contrast, the international accounting standard would prevail.
It is divided into four main parts: a) the objective of the financial statements; b) the qualitative characteristics that determine the usefulness of information in financial statements; c) the definition, recognition and measurement of the elements from which financial statements are constructed; d) concepts of capital and capital maintenance.
