- Part 4: For the preceding part double clickID:nRSL6345Oc BIAT Group is detailed as follows: Denomination 2011 2010 Rate control Rate interest Rate control Rate interest Banque Internationale Arabe de Tunisie - BIAT- 100,00% 100,00% 100,00% 100,00% BIAT Capital 99,93% 99,93% 99,93% 99,93% BIAT Assets Management 99,40% 99,40% 99,40% 99,40% BIAT Capital risque 98,07% 98,07% 98,07% 98,07% Compagnie Internationale Arabe de Recouvrement - CIAR- 100,00% 99,99% 100,00% 99,99% SICAF BIAT 100,00% 99,99% 100,00% 99,99% Socit de Promotion Immobilire Arabe de Tunisie - SOPIAT- 99,97% 99,97% 99,97% 99,97% Socit de Promotion Touristique - SALLOUM- 43,51% 43,50% 43,51% 43,50% Organisation et Service Informatique -OSI- 100,00% 99,99% 100,00% 99,99% Socit la PROTECTRICE 84,50% 84,50% 84,75% 84,75% Assurances BIAT 45,13% 44,35% 45,13% 44,36% Socit FAIZA 42,31% 42,31% 42,31% 42,31% SICAV Opportunity 80,93% 80,93% 90,40% 90,40% SICAV Trsor 6,26% 5,89% 6,25% 5,49% SICAV Prosperity 43,48% 43,48% 34,92% 34,92% Socit Gnrale de Placement - SGP- 100,00% 99,99% 100,00% 99,99% Socit TAAMIR 100,00% 99,99% 100,00% 99,99% Socit d'Informatique et de Management - SIM- 100,00% 99,99% 100,00% 99,99% Socit Golf Sousse Monastir - GSM- 62,18% 57,14% 62,18% 57,14% Socit Palm Links Immobilire 50,00% 49,99% 50,00% 49,99% Banque d'Affaires de Tunisie - BAT- 22,22% 22,22% 22,22% 22,22% Socit Tanit International - STI- 67,30% 67,30% 67,30% 67,30% Socit Tunisie Titrisation 76,80% 68,07% 76,80% 68,07% Socit de ple de comptitivit de Monastir - El FEJJA- 59,98% 59,98% 59,98% 59,98% SICAV PATRIMOINE Obligataire 16,14% 3,96% 2,95% 2,59% Fonds commun de crances -FCC 1- 32,74% 22,83% 37,48% 27,75% socit tunisienne de promotion des ples immobiliers et industriels - STPI- 25,00% 25,00% 25,00% 25,00% Fonds Commun de placement Epargne Actions - FCP - 27,81% 25,07% 35,85% 31,83% Fonds commun de crances -FCC 2- 45,37% 36,64% 49,72% 40,44% Socit Touristique Sahara Palace -STSP- 100,00% 67,30% 100,00% 67,30% Socit de Promotion Touristique Mohamed V 83,33% 56,08% 83,33% 56,08% Institut Tunis dauphine 35,00% 35,00% 35,00% 35,00% III-2/ Consolidation methods Denomination 2011 2010 Banque Internationale Arabe de Tunisie - BIAT- Fully consolidated Fully consolidated BIAT Capital Fully consolidated Fully consolidated BIAT Assets Management Fully consolidated Fully consolidated BIAT Capital risque Fully consolidated Fully consolidated Compagnie Internationale Arabe de Recouvrement - CIAR- Fully consolidated Fully consolidated SICAF BIAT Fully consolidated Fully consolidated Socit de Promotion Immobilire Arabe de Tunisie - SOPIAT- Fully consolidated Fully consolidated Socit de Promotion Touristique - SALLOUM- Fully consolidated Fully consolidated Organisation et Service Informatique -OSI- Fully consolidated Fully consolidated Socit la PROTECTRICE Fully consolidated Fully consolidated Assurances BIAT Fully consolidated Fully consolidated Socit FAIZA Fully consolidated Fully consolidated SICAV Opportunity Fully consolidated Fully consolidated SICAV Trsor Fully consolidated Fully consolidated SICAV Prosperity Fully consolidated Fully consolidated Socit Gnrale de Placement - SGP- Fully consolidated Fully consolidated Socit TAAMIR Fully consolidated Fully consolidated Socit d'Informatique et de Management - SIM- Fully consolidated Fully consolidated Socit Golf Sousse Monastir - GSM- Fully consolidated Fully consolidated Socit Palm Links Immobilire Fully consolidated Fully consolidated Banque d'Affaires de Tunisie - BAT- Equity method Equity method Socit Tanit International - STI- Fully consolidated Fully consolidated Socit Tunisie Titrisation Fully consolidated Fully consolidated Socit de ple de comptitivit de Monastir - El FEJJA- Fully consolidated Fully consolidated SICAV PATRIMOINE Obligataire Fully consolidated Fully consolidated Fonds commun de crances -FCC 1- Fully consolidated Fully consolidated socit tunisienne de promotion des ples immobiliers et industriels - STPI- Equity method Equity method Fonds Commun de placement Epargne Actions - FCP - Fully consolidated Fully consolidated Fonds commun de crances -FCC 2- Fully consolidated Fully consolidated Socit Touristique Sahara Palace -STSP- Fully consolidated Fully consolidated Socit de Promotion Touristique Mohamed V Fully consolidated Fully consolidated Institut Tunis dauphine Equity method Equity method III-3/ Companies in which percentage control excee
ds 20% and excluded from the scope of consolidation Denomination Rate control 2011 Rate control 2010 Reasons for exclusion from the scope of consolidation Socit Tabarka Beach 37,39% 37,39% No significant influence exercised by BIAT; the exclusive control is exercised by another group International Computer Systme 30,00% 30,00% - No significant influence exercised by BIAT. - BIAT is not a Director. - Company under winding-up proceedings. Socit Gots et Saveurs 33,33% 33,33% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit SATS 25,56% 25,56% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit ENGINNEERING CHEMICAL INDUSTRIES 22,34% 22,34% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit COFINE INDUSTRIE 23,33% 23,33% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit EL HOUDA INTERNATIONALE 48,42% 48,42% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit CALL MED 24,82% 24,82% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Carthago brique 21,09% 22,12% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Socit Dunes SA 44,00% 44,00% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement INOPLAST 25,37% 29,27% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement Le Privilge 45,45% 44,19% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement MOS'ARTIS 31,11% 31,11% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement IMPRIMEDIA 34,25% 34,25% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement SENSORIA 41,10% - Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement SOPRACO 47,91% 47,91% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement BI FOR DECIDE 49,00% 49,00% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement FINO 22,22% 27,78% Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement MONAFIL 20,00% - Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement APTIV-IT 24,32% - Temporary shareholding by BIAT CAPITAL RISQUE as part of a resell agreement NOTE IV: ASSET HEADINGS IV-1/ Cash in hand, Balance with Tunisian Central Bank, Post office accounts and Tunisian Treasury This heading amounted to TND 109 986 thousand at December 31st, 2011 as compared to TND 272 838 thousand as at December31st, 2010. BIAT is the mainly contributor to this amount to the extent of TND 109 772 thousand and "la Protectrice" to theextent of TND 204 thousand. IV-2/ Due from banks and other financial institutions Due from banks and other financial institutions amounted to TND 990 096 thousand as at December 31st, 2011 as compared toTND 1 254 300 thousand as at December 31st, 2010. BIAT contributed to this amount to the extent of TND 979 342 thousand,"la Protectrice" to the extent of TND 6 197 thousand, "Assurances BIAT" to the extent of TND 1 866 thousand and "socitELFEJJA" to the extent of TND 2 009 thousand. IV-3/ Customer loans Customer loans amounted to TND 4 807 527 thousand at 2011 year-end as compared to TND 3 978 240 thousand a year earlier.BIAT contributed to this amount to the extent of TND 4 770 048 thousand, the Securitization Special Purpose Vehicle "FCC 1"to the extent of TND 13 988 thousand, and the Securitization Special Purpose Vehicle "FCC 2" to the extent of TND 22 105thousand. IV-4/ Commercial Securities Portfolio Commercial securities portfolio, which includes trading securities and securities held for sale, totaled TND 1 474 281thousand at December 31st, 2011 as compared to TND 1 226 629 thousand a year earlier. The following is a breakdown ofcommercial securities portfolio by type of security: 31/12/2011 31/12/2010 Trading securities 778 758 625 476 Securities held for sale 695 523 601 153 Total 1 474 281 1 226 629 The following is a breakdown of these securities by consolidated company: 31/12/2011 31/12/2010 Trading securities 778 758 625 476 BIAT 606 285 529 091 BIAT CAPITAL 2 180 2 180 ASSURANCE BIAT 62 818 45202 SICAV TRESOR 100 358 41 988 BIAT CAPITAL RISQUE 3 092 3 095 SICAV OPPORTUNITY 264 224 BIAT ASSETS MANAGEMENT 772 973 TUNISIE TITRISATION 469 454 FCC 1 378 13 FCP 28 19 FCC 2 2 114 2 237 Securities held for sale 695 523 601 153 BIAT 2 257 3 651 SICAV PROSPERITY 1 282 1 566 BIAT CAPITAL 729 106 ASSURANCE BIAT 13 434 10 442 SICAV TRESOR 658 997 563 630 SICAV OPPORTUNITY 954 841 SICAV PATRIMOINE 15 029 17 781 FCC1 1 657 2 153 FCP 1 162 0956 STSP 22 27 Total 1 474 281 1 226 629 IV-5/ Investment portfolio This heading mainly including Debt securities held for investment, equity participations, securities accounted for underthe equity method, and managed funds grew from TND 123 484 thousand as at December 31st, 2010 to TND 126 285 thousand as atDecember 31st, 2011. These securities are detailed as follows: IV-5-1/ Debt securities held for investment Debt securities held for investment amounted to TND 5 291 thousand as at December 31st, 2011as compared to TND 5 811thousand as at December 31st, 2010. BIAT contributed fully to this amount. IV-5-2/ Equity participations Equity participations are detailed as follow: Gross Value Dividends or interest Receivable Provisions 2011 Net Value 2010 Net Value BIAT 67 528 4 233 18 288 53 473 54 386 TAAMIR 591 428 163 243 SGP 1 752 502 1 250 1 344 FAIZA 400
400 400 BIAT CAPITAL 292 292 84 ASSURANCE BIAT 3 054 3 054 3 054 BIAT CAPITAL RISQUE 38 529 2 825 35 704 31 123 SICAV TRESOR 18 826 18 826 18 168 SICAF BIAT 22 22 22 SPTM V - - 505 TOTAL 130 994 4 233 22 043 113 184 109 329 IV-5.3/ Managed Funds Managed Funds amounted to TND 5 000 thousand at 2011 year-end. BIAT contributed fully to this amount. IV-5.4/ Companies accounted for under the equity method Companies accounted for under the equity method are detailed as follow: 31/12/2011 31/12/2010 Banque d'Affaires de Tunisie BAT 760 802 Socit Tunisienne de promotion des ples immobiliers et industriels STPI 1 965 2 227 Socit VIA MOBILE - 190 Institut Tunis Dauphine 85 125 Total 2 810 3 344 IV-6/ Fixed assets Fixed assets amounted to TND 264 054 thousand as at December 31st, 2011 as compared to TND 235 448 thousand a yearearlier. IV-6-1/ Intangible fixed assets Intangible fixed assets amounted to TND 3 967 thousand as at December 31st, 2011 as compared to TND 3 670 thousand as atDecember 31st, 2010. This heading is detailed as follows: 2011 2010 Net Value Gross Value Amortization Net Value BIAT 17 739 13 882 3 857 3 529 SIM 1 1 - - PROTECTRICE 204 153 51 66 SGP 1 1 - - GSM 20 20 - 5 BIAT CAPITAL 109 109 - ASSURANCES BIAT 825 821 4 10 CIAR 5 5 - - SOPIAT 1 1 - 1 BIAT ASSETS MANAGEMENT 4 4 - - STI 87 86 1 1 EL FEJJA 13 9 4 8 STSP 50 - 50 50 Total 19 059 15 092 3 967 3 670 IV-6-2 Tangible fixed assets Tangible fixed assets broken down by consolidated company are detailed as follow: Gross Value Amortization 2011 Net Value 2010 Net Value Fixed assets in progress 83 415 - 83 415 76 309 Advances on fixed assets 1 728 - 1 728 2 023 Tangible fixed assets 306 173 135 793 170 380 148 491 BIAT 209 655 108 094 101 561 95 602 SIM 1 1 - - OSI 146 146 - - PROTECTRICE 2 458 1 102 1 356 925 SALLOUM 6 6 - - GSM 19 817 6 768 13 049 13 284 BIAT CAPITAL 56 53 3 - ASSURANCE BIAT 1 543 1067 476 619 BIAT CAPITAL RISQUE 18 3 15 1 CIAR 138 92 46 55 SOPIAT 2 540 72 2 468 2 489 BIAT ASSETS MANAGEMENT 2 2 - - SICAF BIAT 3 - 3 - PALM LINKS IMMOBILIERE 18 17 1 5 STI 52 436 17 823 34 613 26 221 TUNISIE TITRISATION 2 1 1 1 EL FEJJA 328 140 188 174 STSP 7 952 367 7 585 7 952 STPM V 9 054 39 9 015 1 163 Total 391 316 135 793 255 523 226 823 IV-6-3/ Goodwill on acquisition Goodwill on acquisition broken down by consolidated company is detailed as follow: Companies 2010 Gross Value 2011 Gross Value 2010 Aggregated depreciation 2011 Aggregated depreciation 2011 Net Value Securities held by BIAT 8 121 8 121 3 528 3 890 4229 SALLOUM 171 171 52 61 110 GSM 881 881 881 881 0 BIAT CAPITAL 16 16 7 8 8 ASSURANCE BIAT 86 86 37 41 45 BIAT CAPITAL RISQUE 95 95 29 33 62 SICAF BIAT 44 44 11 13 31 BAT 226 226 101 112 114 STI 6 541 6 541 2 398 2 725 3 816 STPI 12 12 3 4 8 SOPIAT 49 49 9 12 37 Securities held by SGP 1 015 1 015 949 953 62 OSI 78 78 12 16 62 GSM 937 937 937 937 0 Securities held by la BIAT CAPITAL RISQUE 18 18 12 13 5 SICAF BIAT 18 18 12 13 5 Securities held by la SICAF BIAT 471 471 180 203 268 SIM 163 163 65 73 90 TAAMIR 13
1 131 52 59 72 PROTECTRICE 122 122 42 48 74 SGP 34 34 14 15 19 SOPIAT 21 21 7 8 13 Total Consolidated 9 624 9 624 4 670 5 059 4 564 IV-7/ Other assets Other assets of BIAT group totaled TND 273 045 thousand as at December 31st, 2011 as compared to TND 192 963 thousand ayear earlier. The following is a breakdown by consolidated company: Companies 31/12/2011 31/12/2010 Adjustment accounts 67 639 20 486 BIAT 59 364 14 560 ASSURANCE BIAT 5 231 4 441 PROTECTRICE 578 77 FAIZA 137 137 Others 2 329 1 271 Receivables in connection with deposits with transferring parties 306 266 ASSURANCE BIAT 306 266 Receivables arising from insurance operations 16 230 9 637 ASSURANCE BIAT 16 230 9 637 Reinsurers share in technical provisions 14 283 10 408 ASSURANCE BIAT 14 283 10 408 Other current assets 174 587 152 165 BIAT 134 613 125 353 TAAMIR 1 892 2 287 OSI 725 747 ASSURANCE BIAT 2 807 2 771 SALLOUM 3 777 3 768 BIAT CAPITAL RISQUE 554 558 SICAV TRESOR 221 457 FAIZA 321 321 GSM 1 054 1 052 PALM LINKS IMMOBILIERE 15 28 SOPIAT 91 653 STI 2 083 3 361 EL FEJJA 12 170 3 470 FCC 2 2 560 STSP 620 1 451 SPTM V 6 738 3 066 BIAT CAPITAL 621 2 263 Others 6 283 - Total Consolidated 273 045 192 963 As a result, total balance sheet reported an increase of TND 761 372 thousand or 10,45% between December 31st, 2010 andDecember 31st, 2011, increasing from TND 7 283 902 thousand in 2010 to TND 8 045 274 thousand in 2011. NOTE V: LIABILITIES' HEADINGS V- 1/ Tunisian Central Bank and Post Office and Tunisian Treasury The heading "Tunisian Central Bank, Post Office and Tunisian Treasury" amounted to TND 3 416 thousand as at December 31st,2011 as compared to TND 2 097 thousand a year earlier, coming exclusively from BIAT. V-2/ Due to Banks and Financial Institutions The heading "Due to banks and financial institutions" amounted to TND 417 722 thousand as at December 31st, 2011 ascompared to TND 93 707 thousand as at December 31st, 2010, coming mainly from BIAT. V-3/ Customer deposits Customer deposits reached TND 5 661 815 thousand as at December 31st, 2011 as compared to TND 5 414 062 thousand a yearearlier. V-4/ Borrowings and special resources Borrowings and special resources totalized TND 134 419 thousand as at December 31, 2011 as compared to TND 152 898 thousanda year earlier. BIAT contributed to this amount to the extent of TND 125 493 thousand, BIAT CAPITAL RISQUE to the extent ofTND 2 380 thousand, SPT MED V to the extent of TND 6 500 thousand and STSP to the extent of TND 46 thousand. V-5/ Other liabilities Other liabilities of BIAT group totalized TND 429 059 thousand as at December 31, 2011 as compared to TND 299 032 thousanda year earlier. The following is the contribution of each consolidated company: Companies 31/12/2011 31/12/2010 Provisions for liabilities and charges 77 411 54 057 BIAT 72 793 49 628 OSI 501 1 003 TAAMIR 154 145 FAIZA 137 147 GSM 816 889 BIAT CAPITAL RISQUE 430 430 ASSURANCE BIAT 250 250 STI 1 028 1 498 AUTRES 1 302 0067 Technical provisions 113 909 88 742 ASSURANCE BIAT 113 909 88 742 Debts in connection with deposits received from transferees 9 423 5 912 ASSURANCE BIAT 9 423 5 912 Debts arising from insurance transactions 6 451 5 132 ASSURANCES BIAT 6 451 5 132 Adjustment accounts 148 643 72 268 BIAT 146 917 70 170 FCC 1 125 216 FCC 2 303 315 EL FEJJA 131 124 BIAT CAPITAL RISQUE 66 177 PALM LINKS IMMOBILIERE 1 1 OSI 10 10 CIAR 2 2 BIAT CAPITAL 194 235 SICAV TRESOR 25 14 TAAMIR 40 5 TUNISIE TITRISATION 13 12 STI 348 655 SOPIAT 21 223 AUTRES 447 109 Other current liabilities 73 222 72 921 BIAT 52 413 62 917 Others 20 809 10 004 Total Consoli
dated 429 059 299 032 NOTE VI: MINORITY INTERESTS Minority interests broken down by consolidated company are detailed as follow: COMPANIES SHARE OF MINORITY INTERESTS IN CONSOLIDATED RESERVES SHARE OF MINORITY INTERESTS IN CONSOLIDATED INCOME 2011 2010 2011 2010 PROTECTRICE 135 68 196 357 SALLOUM 2 137 2 142 -5 -7 SICAV Prosperity 747 1 062 16 26 Ste FAIZA 398 398 - - GSM -1 789 -1 181 -634 -666 BIAT CAPITAL 3 2 - 1 ASSURANCE BIAT 8 151 6 942 390 1 261 SICAV Trsor 764 139 698 287 29 976 27 620 BIAT CAPITAL RISQUE 488 491 1 -3 SOPIAT 1 1 0 0 SICAV Opportunity 233 107 3 1 BIAT Assets Management 4 3 3 3 SICAF BIAT - - 0 0 PALM LINKS IMMOBILIERE 162 171 -6 -9 STI 11 495 10 418 -1 191 -1 756 TUNISIE TITRISATION 137 124 23 35 EL FEJJA 6 007 6 005 36 - SICAV PATRIMOINE 12 166 17 578 525 683 FCC 1 10 178 12 325 -100 65 Fond commun de placement 828 599 18 13 FCC 2 12 798 14 682 13 -5 STSP -303 0 -542 -303 STPM V 2 247 2 000 -901 -619 Total 830 362 772 224 27 821 26 697 NOTE NVII: CONSOLIDATED SHAREHOLDERS' EQUITY Consolidated shareholders' equity rose from TND 523 185 thousand as at December 31st, 2010 to TND 540 660 thousand as atDecember 31st, 2011, are detailed as follow: VII-1/ CONSOLIDATED RESERVES Consolidated reserves as at December 31st, 2010 and 2011, broken down by consolidated company, are detailed as follow: 31/12/2011 31/12/2010 BIAT 320 567 306 663 SIM 9 3 OSI 70 -199 TAAMIR -14 226 LA PROTECTRICE 1 945 1 570 SALLOUM -137 -125 SGP 2 754 2 493 SICAV PROSPERITY 77 9 FAIZA -250 -249 GSM -5 756 -4855 BIAT CAPITAL 892 649 ASSURANCE BIAT 2 075 1 704 SICAV TRESOR 357 433 BIAT CAPITAL RISQUE -841 317 CIAR 950 637 SOPIAT 49 147 SICAV OPPORTINUTY 43 36 BIAT ASSETS MANAGEMENT 642 1 003 SICAF BIAT 3 203 2 796 PALM LINKS IMMOBILIERE 52 61 BAT -72 74 STI -499 -2 390 TUNISIE TITRISATION 90 97 EL FEJJA 6 3 SICAV PATRIMOINE 17 81 FCC 1 149 156 STPI 1 237 -2 FCP 42 48 FCC 2 172 195 STSP -623 - SPTMV 316 - I T D -488 -236 Total 327 034 311 345 Consolidated companies Method Capital Reserves Replacement of equity participations Adjust-ment (Good-will) Adjust-ment (Badwill) Dividends Provisions Internal capital gains Impact of deferred taxes Share of Minority Interests in Consolidated Reserves Total BIAT Parent C 0 300 972 0 0 0 20 866 -70 -1 201 320 567 SIM FC 823 -334 -578 163 -65 0 0 0 0 0 9 OSI FC 20 0 -24 78 -12 0 0 -3 11 0 70 Taamir FC 5 088 -742 -4 656 131 -52 0 18 0 199 0 -14 Protectrice FC 40 829 -904 122 -43 2 036 0 0 0 -135 1 945 SPTS FC 4 000 -220 -1 903 171 -51 0 0 0 3 -2 137 -137 SGP FC 9 041 758 -9 802 34 -14 1 085 1 652 0 0 0 2 754 Sicav Prosperity FC 1 322 0 -512 0 0 14 0 0 0 -747 77
Ste Faiza FC 1 280 -590 -542 0 0 0 0 0 0 -398 -250 Golf Sousse Monastir FC 6 500 -9 911 -4 134 1 818 -1 818 0 0 0 0 1 789 -5 756 Biat Capital "FPG" FC 3 000 404 -2 998 16 -7 480 0 0 0 -3 892 Assurances Biat FC 10 000 4 786 -4 608 86 -38 0 0 0 0 -8 151 2 075 Sicav Tresor FC 814 630 482 -53 022 0 0 2 406 0 0 0 -764 139 357 Biat Capital risque FC 26 150 269 -25 753 95 -29 0 0 -1 085 0 -488 -841 CIAR FC 1 000 294 -1 017 0 0 673 0 0 0 0 950 SOPIAT FC 5 000 27 -5 016 70 -17 180 0 -277 83 -1 49 Sicav Opportunity FC 1 219 0 -957 0 0 14 0 0 0 -233 43 Biat Assets Management FC 500 87 -497 0 0 556 0 0 0 -4 642 Sicaf Biat FC 19 000 260 -19 000 61 -22 1 729 1 175 0 0 0 3 203 Palm Links Immobilire FC 200 116 -109 0 0 0 0 0 7 -162 52 Banque d'Affaire de Tunisie EM 787 -1 000 226 -101 0 0 0 16 -72 S.T.I FC 60 000 -27 134 -28 300 6 541 -2 399 0 1 000 0 1 287 -11 495 -500 Tunisie Titrisation FC 500 40 -384 0 0 71 0 0 0 -137 90 Socit Elfejja FC 15 000 10 -8 997 0 0 0 0 0 0 -6 007 6 Sicav Patrimoine Obligataire FC 14 500 0 -2 421 0 0 104 0 0 0 -12 166 17 FCC BIAT CREDIMMO 1 FC 14 386 650 -4 709 0 0 0 0 0 0 -10 178 149 STPI EM 1352 -1 000 12 -2 875 0 0 0 1 237 FCP FC 1 146 0 -283 0 0 7 0 0 0 -828 42 FCC BIAT CREDIMMO 2 FC 22 881 470 -10 381 0 0 0 0 0 0 -12 798 172 Socit Touristique Sahara Palace FC 8 000 -1 323 -8 000 0 0 0 0 0 397 303 -623 S P T Mohamed V FC 12 000 -41 -10 000 0 0 0 0 0 604 -2 247 316 Institut Tunis Dauphine EM 146 -656 0 0 0 0 0 23 -487 Total Consolidated 1, 057 226 272 444 -212 163 9 624 -4 670 10230 24711 -1 435 1 429 -830,362 327 034 BIAT contributed to the Group's consolidated reserves to the extent of 98,02% at 2011 year-end. These reserves analyzed byconsolidation method are detailed as follows: 31/12/2011 31/12/2010 Parent company : BIAT 320 567 306 663 Companies fully consolidated 5 789 4 846 Companies accounted for using the Equity Method 678 -164 Total 327 034 311 345 The financial sector contribution - including BIAT - to the group's consolidated reserves reached 101,84% as at December31st, 2011. The breakdown of these reserves by activity sector is detailed as follows: Activity Sector 31/12/2011 % 31/12/2010 % Financial sector 333 062 101,84% 318 961 102,45% Banks 320 495 98,00% 306 738 98,52% Insurance companies 4 021 1,23% 3 273 1,05% OPCVM 496 0,15% 558 0,18% Investment companies 2 360 0,72% 3 114 1,00% Securitization SPV 320 0,10% 351 0,11% Asset management and
brokerage 4 420 1,35% 4 290 1,38% Loan collection companies 950 0,29% 637 0,20% Tourist Sector -6 512 -1,99% -7 183 -2,31% Real estate sector 891 0,27% - Service sector -407 -0,12% -433 -0,14% Total 327 034 100,00% 311 345 100,00% VII-2/ CONSOLIDATED INCOME The contribution of each consolidated company to the group's consolidated income as at December 31st, 2011 and 2010 isdetailed as follows: Consolidated companies 31/12/2011 31/12/2010 Parent company : BIAT 48 940 47 931 SIM -16 -11 OSI 152 -36 TAAMIR -81 -276 PROTECTRICE -2 976 -2 383 SALLOUM -13 -15 SGP -88 250 SICAV PROSPERITY 16 17 FAIZA - - GSM -30 -234 BIAT CAPITAL 459 668 ASSURANCES BIAT -3 067 -1 509 SICAV TRESOR 1 487 -714 SICAR AVENIR -380 -723 CIAR 448 715 SOPIAT -187 -34 SICAV OPPORTUNITY 23 24 BIAT ASSETS MANAGEMENT -569 -697 SICAF BIAT -74 -65 PALM LINKS IMMOBILIERE -6 -18 BAT -55 -103 STI -1 225 -2 965 TUNISIE TITRISATION -118 -145 SPC MONASTIR ELFEJJA 34 -269 SICAV PATRIMOINE OBLIGATAIRE 104 50 SECURITIZATION SPV FCC1 563 712 STPI 613 1 239 FCP EPARGNE ACTIONS 10 9 SECURITIZATION SPV FCC2 1 080 1 185 STSP -989 -481 SPTM V -346 -205 INSTITUT DAUPHINE -83 -77 Total 43 626 41 840 Consolidated companies Consoli-dation method Individual Net Income Mutual Intra-Group Restatement Provisions Restatement Dividends Restatement Internal capital gain Income from companies under the EM Differed tax Badwill Goodwill amorti-zation Share of minority interests in the consolidated income Consolidated income BIAT Parent c 48 197 4522 3 109 -6 069 - - -819 - 0 0 48 940 SIM FC 9 0 0 -17 - - 0 - -8 0 -16 OSI FC 197 -30 0 0 - - -11 - -4 0 152 TAAMIR FC 109 28 5 -77 - - -139 - -7 0 -81 PROTECTRICE FC 1 336 -4 038 0 -72 - - 0 - -6 -196 -2 976 SALLOUM FC -13 0 0 -1 - - 4 - -9 5 -14 SGP FC 841 -9 0 -920 - - 0 - -1 0 -89 PROSPERITY FC 29 4 0 -1 - - 0 - 0 -16 16 FAIZA FC 0 0 0 0 - - 0 - 0 0 0 G S M FC -1 479 815 0 0 - - 0 - 0 634 -30 BIAT CAPITAL "FPG" FC 506 -6 0 -39 - - 0 - -1 0 460 ASS BIAT FC 932 -3 372 0 -233 - - 0 - -4 -390 -3 067 TRESOR FC 31 936 -391 0 -83 - - - More to follow, for following part double clickID:nRSL6345Oe
