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Financial and Economic Indicators

 

As a result of its strategy, Banco do Brasil's net income totalled R$11.7 billion in 2010, which corresponds to a return on net equity of 27.0%, up 15.3% compared to the profit reported in the previous year. This performance by the Bank in 2010, in addition to guaranteeing a return for BB's shareholders, also generated value for the other strategic public audiences of the Company.

Distributed Added Value totalled R$36.2 billion, which represents the wealth generated by BB in 2010, an increase of 16.3% from 2009 to 2010. The Degree of Contribution of the Assets in the Wealth Generation of BB did not show any significant variation, amounting to 4.5% in 2010, compared to 4.4% the previous year. The Statement of Value Added (DVA) is an accounting statement which shows, in concise form, the amounts corresponding to the formation of the wealth generated by the Company and its respective distribution.

The distribution of wealth generated continued to see the highest tranche under the category of "Staff " (36.1%) followed by "Government" (29.9%), showing Banco do Brasil's strategy of investing in and retaining its greatest capital: its employees. As a result of the increase in net earnings at BB in 2010, employee profit-sharing increased by more than 26%, which contributed to increasing the global amount of participation by this public audience, in Distributed Added Value.

The main numbers of BB which demonstrate its performance, results and structure are shown below. More details of the figures and an explanation of their variations are shown in the Financial Statements, in the report Management Discussion and Analysis and Historical Data, are available on the website link www.bb.com.br/ri and contained in the Annexes of this Report.

Net Income
(R$ billion)
    Assets
(R$ billion)

   
     
       
Loan Portfolio(1)
(R$ billion)

 

  Deposits and Money Market Funding
(R$ billion)

   
(1) Includes loan portfolio in Brazil and abroad, guarantees provided and securities.      
       
       
Free Float
(%)
     
     
       
       
Shareholder's Equity
(R$ billion)
    NPL 90 Days
(%)
   
       
       
Assets Managed
(R$ billion)
    Cards Turn Over
(R$ billion)
   
(1) Includes balance of funds managed by Banco Votorantim.      
       
       
Points of Service(1)     Branches
   
(1) IIncludes own branch network and banking representatives. From 2009 is added the shared service network.      
       
       
Employees     Clients(1)
(thousand)
   
      (1) Comprising current account holders, savings account holders and beneficiaries of INSS.
(2) Methodology Change. Figures of 2006 are not comparable with later years.


Highlights of Asset Balance Sheet

Principal Equity Items – R$ million  Dec/10  Dec/09 % Change
Total Assets  811,172  708,549  14.5
Loan Portfolio(1) 388,224 321,397  19.1
Securities  143,867  124,337  15.7
Short-term Interbank Operations  107,579  168,398  (36.1)
Deposits  376,851  337,564  11.6
Demand Deposits
 63,503  56,459  12.5
Savings Deposits
 89,288  75,742  17.9
Interbank Deposits
 18,998  11,619  63.5
Time Deposits
 204,652  193,516  5.8
Money Market Borrowing  142,175  160,821  (11.6)
Shareholder’s Equity  50,441  36,119  39.6

¹ Includes guarantees provided and private TVM

Earnings Highlights

Result(1) (R$ million)  2010  2009 % Change
Net Income  11,703  10,148  15.3
Net Income (less one-off itens)  10,664  8,506  25.4
Net Interest Income  26,335  18,233  44.4
Revenue from Lending Operations  51,733  40,515  27.7
Fee Income  16,125  13,511  19.3
Insurance Result(2)  1,354  992  36.5
Administrative Expenses(3)  26,066  23,050  13.1
Earnings per Share (in R$)  4.32  3.95  9.4
Return on Assets  1.5%  1.7%  -
Return on Equity  27.0%  30.7%  (3.7 p.p.)

(1) Items based on Consolidated Financial Statements.
(2) Revenue Net of Brokerage, Service Tariffs and Equity Income Result.
(3) Refers to the sum of Personnel Expenses and Other Administrative Expenses. 


Productivity Indicators

Productivity 2010 2009
Cost/Income Ratio (less one off items) – % 42.6 43.4
Fee Income/Personnel Expenses (DRE Soc.) – % 123.1 128.2
Fee Income/Administrative Expenses (DRE Soc.) – % 67.1 68.6
Personnel Expenses per Employee (DRE Soc.) – R$ 114,964 106,562
Employees/(branches + PAA + PAB) 17.2 16.8
Current Account per Employee 302.3 307.2
Assets per Employee – R$ thousand 6,824 6,221
Credit Cards/Service Outlets – R$ million 19.5 16.8



Comparative DVA Analysis


BB-Consolidated   Year/2010
Balance
  Year/2009
Balance
% Change
Dec 2009
(R$ million)
Revenues 93,153 76,463 21.83
Financial Intermediation Income 82,459 65,729 25.45
Fee Income 15,868 13,511 17.44
Loan Loss Provisions (10,244) (12,396) (17.36)
Other Revenues/(expenses) 5,070 9,619 (47.29)
Financial Intermediation Expenses (45,880) (35,100) 30.71
Third Party Material and Services (7,850) (6,852) 14.57
Materials, Energy and Others (459) (422) 8.88
Services Provided (1,207) (960) 25.69
Others
(6,183) (5,470) 13.05
Communications
(1,270) (1,107) 14.70
Data-Processing
(1,078) (969) 11.17
Transportation
(739) (638) 15.85
Surveillance and Security Services
(673) (642) 4.85
Financial System Services
(629) (707) (10.95)
Advertising and Publicity
(376) (336) 11.82
Others
(1,419) (1,071) 32.52
Gross Value Added 39,423 34,511 14.23
Amortization/Depreciation  (3,197) (2,406) 32.86
Net Value Added Produced by the Entity 36,226 32,106 12.83
Value Added Received in Transfer (46) (989) (95.32)
Equity in Gain/Loss of Subsidiary and Associated Companies (46) (989) (95.32)
Added Value to Distribute 36,180 31,116 16.27
Distributed of Added Value 36,180 31,116 16.27
Personnel 13,048 11,799 10.58
Salaries and Fees 8,235 7,529 9.37
Profit-sharing 1,756 1,385 26.84
Benefits and Training 1,846 1,559 18.38
FGTS (Length of Service Guarantee Fund) 552 527 4.59
Other Charges 660 799 (17.38)
Taxes and Contributions 10,799 8,659 24.71
Federal 10,067 7,999 25.86
State 1 1 18.96
Municipal 730 660 10.72
Remuneration of Third-party Capital 630 510 23.54
Rental 630 510 23.54
Remuneration of Equity 11,703 10,148 15.32
Interest on Capital of the Union 1,488 1,216 22.39
Interest on the Equity of Other Shareholders 916 642 42.55
Dividends – Main Shareholder 1,426 1,439 (0.92)
Dividends – Other Shareholders 877 762 15.01
Retained Earnings 6,998 6,089 14.93
Minority Interests in Retained Earnings (20) 589 (103.40)


Distributed Added Value

(thousands of Reais) 2010 % 2009 % % Change
Personnel 13,048,428 36.07 11,799,456 37.92 10.58
Taxes Contributions 10,798,506 29.85 8,658,974 27.83 24.71
Remuneration of Third-party Capital 629,734 1.74 509,728 1.64 23.54
Remuneration of Own Capital 11,703,165 32.35 10,148,111 32.61 15.32
Total 36,179,833 100.00 31,116,269 100.00 16.27



 

Distributed Added Value

BB Consolidated 2010

 
   

Statement of Cash Flow

BB-Consolidated  Fiscal Year/2010  Fiscal Year/2009 Change %
(R$ million)
CASH FLOWS FROM OPERATING ACTIVITIES      
CASH PROVIDED/(USED IN) OPERATIONS (5,434,687) (29,431,177) (81.53)
       
CASH FLOWS INVESTING ACTIVITIES      
CASH PROVIDED/(USED IN) INVESTING ACTIVITIES (12,847,688) (1,749,751) 634.26
       
CASH FLOWS FROM FINANCING ACTIVITIES      
CASH PROVIDED/(USED IN) FINANCING ACTIVITIES 6,521,381 5,411,872 20.50
       
Net Cash and Cash Equivalents Change (11,760,994) (25,769,056) (54.36)
At the beginning of the period
37,874,982 68,012,137 (44.31)
Effect of exchange rate changes on cash and cash equivalents
(966,275) (4,368,099) (77.88)
At the end of the period
25,147,713 37,874,982 (33.60)
Increase (decrease) in Cash and Cash Equivalents (11,760,994) (25,769,056) (54.36)

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