The effect of the Purchase Price Allocation on the 2007 reclassified pro-forma income statement was negative by approximately 81 million euro. It was allocated as follows: -87.8 million in net interest income, -61.6 million euro in net impairment losses on property, plant and equipment and intangible assets, +57.2 million euro in taxes and +11.5 million euro of profit attributable to minorities. The items in the table below already include the effect of the Purchase Price Allocation.
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UBI Banca Group - Reclassified profit and loss account summary (in millions of euro) | | 31/12/2007
pro-forma | 30/09/2007
pro-forma | 30/06/2007
pro-forma | 31/03/2007
pro-forma |
Operating Income | 4,459 | 3,307 | 2,252 | 1,091 |
of which: Net Interest Income | 2,690 | 1,972 | 1,299 | 646 |
Operating Costs | (2,557) | (1,872) | (1,249) | (636) |
of which:Staff Costs°° | (1,539) | (1,144) | (757) | (398) |
Profit on Continuing operations before tax | 1,512 | 1,247 | 889 | 380 |
Profit for the year | 941 | 524 | 360 | 193 |
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UBI Banca Group - Structural data (number) | | 31/12/2007
| 30/09/2007
| 30/06/2007
| 31/03/2007
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Number of employees (in the consolidation perimeter) | 21,049 | 21,460 | 21,692 | 21,765* |
Branches in Italy | 1,908 | 1,963 | 1,958 | 1,974* |
Financial Advisors | ~1.000 | ~1.000 | ~1.000 | ~1.000 |
° net of Performance Fees
°° net of Integration Costs |
| * Source: UBI Banca - 1Q2007 Report |
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