PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2010

NOTE 12 – PREMISES AND EQUIPMENT

	12/31/2010			12/31/2009			Annual depreciation rates (%)
Gross
Land		1,045			959
Buildings used in operations		3,027			2,647
Installations, furniture, equipment and security and communication		2,279			1,915
Data processing equipment		4,635			3,918
Cost of software developed or obtained for internal use		1,313			1,298
Transportation system		9			16
Assets held for sale		19			23
Other		143			349
TOTAL		12,470			11,125
Accumulated depreciation
Buildings used in operations		(1,892	)		(1,718	)		4
Installations, furniture, equipment and security and communication		(1,228	)		(925	)		10 a 25
Data processing equipment		(3,352	)		(3,073	)		20 a 50
Cost of software developed or obtained for internal use		(675	)		(630	)		20 a 33
Transportation system		(6	)		(11	)		20
Other		(166	)		(196	)		20
TOTAL		(7,319	)		(6,553	)
NET CARRYING AMOUNT		5,151			4,572

Depreciation expenses were R$ 1,476, R$ 1,250 and R$ 756 for the years ended December 31, 2010, 2009 and 2008, respectively, and included expenses of R$ 146, R$ 145 and R$ 109 from depreciation of cost of software developed or obtained for internal use.

Capitalized interest and depreciation of capitalized interest totaled R$ 23 and 19, respectively, in 2010, (R$ 23 and R$ 19, in 2009 and R$ 23 and R$ 18 in 2008).

Accumulated depreciation of lease totaled R$ 94, R$ 84 and R$ 72 at December 31, 2010, 2009 and 2008, respectively. The only class of assets accounted for in lease is buildings used in operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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