42
|
Annual Report
ANBIMA
2011
Among the main factors responsible for the
increase, are the additional revenue from the
new activity of Supervision of Open Markets
and the 6
th
Investment Funds Congress. Also
contributing to the increase in revenue is the
increase in the number and the net equity of
funds that are part of ANBIMA’s database,
resulting in a higher revenue in the Bimonthly
Rate of Database Maintenance.
The expenses recorded a reduction of 10% from
last financial year, having ended the year at
R$ 111.0 million compared to R$ 24.2 million
recorded in 2011. The performance explains the
reduction in personal expenses, which, in 2010
had been extraordinarily higher because of the
expenses generated by the process of adjusting
to the functional framework, resulting from the
merger process.
Financial Performance in 2011
In 2011, the Association’s operating revenue
reached R$ 116.3 million, presenting an increase
of R$ 14.2 million, or, 13.9% in relation to the
previous year.
Balance Sheets
Years ended on 31 December 2011
(
Values in thousands of reais)
Assets
Explanatory
Note
2011
Current
Cash and Banks
4
7,262
Financial Applications
5
125,292
Stock
6
130
Advances for Employees
489
Diverse Advances
7
759
Clients
8
8,899
Recoverable Taxes
-
142,831
Noncurrent
Judicial deposits
15
35,562
35,562
Permanent
Investments
9
18,904
Fixed
10
15,705
Intangible
11
9,425
44,034
Total Assets
222,427
Liability
Explanatory
Note
2011
Current
Suppliers
12
14,527
Taxes and fees payable
13
575
Labor liabilities and charges
14
23,651
Customer advances
4,926
43,679
Noncurrent
Provision for contingencies
15
42,941
Fees - Extra Quota
316
Payment consignment stock
20
43,277
Net assets
16
Net assets
1,278
Treasury shares
1
Shares to be paid
(24)
Accumulated surplus
134,216
135,471
Total Liability and net assets
222,427
