BM&FBOVESPA

Demonstrao do resultado

Receita bruta

544,053

522,042

Variao
4T12/4T11
4.2%

Neg. e/ou Liq - BM&F

Derivativos
Cmbio
Ativos

205,332
201,146
4,185
1

177,189
173,448
3,728
13

Neg. e/ou Liq. - Bovespa

Negociao - emolumentos de prego
Transaes - compensao e liquidao
Outras

238,508
54,782
176,232
7,494

Outras receitas
Emprstimos de valores mobilirios
Listagem de valores mobilirios
Depositria, custdia e back-office
Acesso dos participantes de negociao
Vendors - cotaes e informaes de mercado
Bolsa Brasileira de Mercadorias
Banco
Outras
Dedues da receita
PIS e Cofins
Impostos sobre servios

(Em milhares de Reais, exceto quando

indicado de outra forma)

Receita lquida

Variao
4T12/3T12
-6.4%

2012

2011

581,305

2,289,023

2,115,983

Variao
2012/2011
8.2%

15.9%
16.0%
12.3%
-92.3%

219,261
214,776
4,483
2

-6.4%
-6.3%
-6.6%
-50.0%

865,874
848,858
16,999
17

760,245
744,018
16,102
125

13.9%
14.1%
5.6%
-86.4%

223,786
52,031
166,718
5,037

6.6%
5.3%
5.7%
48.8%

263,367
61,993
196,879
4,495

-9.4%
-11.6%
-10.5%
66.7%

1,034,007
243,181
769,221
21,605

964,702
540,391
396,023
28,288

7.2%
-55.0%
94.2%
-23.6%

100,213
18,700
11,111
27,758
13,370
16,298
1,577
4,586
6,813

121,067
21,582
10,734
23,455
13,486
16,303
1,062
5,090
29,355

-17.2%
-13.4%
3.5%
18.3%
-0.9%
0.0%
48.5%
-9.9%
-76.8%

98,677
18,503
11,050
26,151
12,903
18,296
1,621
4,477
5,676

1.6%
1.1%
0.6%
6.1%
3.6%
-10.9%
-2.7%
2.4%
20.0%

389,142
77,063
45,625
102,763
51,540
67,668
4,931
19,708
19,844

391,036
74,030
44,841
91,353
49,153
65,049
5,959
20,461
40,190

-0.5%
4.1%
1.7%
12.5%
4.9%
4.0%
-17.3%
-3.7%
-50.6%

(44,879)
(37,812)
(7,067)

(50,854)
(45,208)
(5,646)

-11.7%
-16.4%
25.2%

(59,701)
(52,455)
(7,246)

-24.8%
-27.9%
-2.5%

(224,273)
(195,555)
(28,718)

(211,299)
(188,504)
(22,795)

6.1%
3.7%
26.0%

4T12

4T11

499,174

471,188

(256,042)
(114,077)
(28,563)
(23,765)
(19,959)
(2,922)
(3,931)
(5,567)
(19,657)
(1,660)

-12.2%
34.2%
-12.0%
7.4%
5.1%
6.1%
-20.7%
-30.5%
371.7%
0.1%
-

(35,941)

(291,630)
(85,033)
(32,460)
(22,127)
(18,994)
(2,755)
(4,956)
(8,008)
(4,167)
(1,659)
(92,342)
(19,129)

87.9%

(11,415)

214.9%

243,132
48.7%

179,558
38.1%

35.4%
1.060 bps

346,848
66.5%

Resultado de equivalncia patrimonial

32,170

131,528

-75.5%

Resultado financeiro
Receitas financeiras
Despesas financeiras

43,111
65,700
(22,589)

64,067
86,252
(22,185)

-32.7%
-23.8%
1.8%

Resultado antes da tributao sobre o lucro

318,413

375,153

(101,229)
6,417
(107,646)

Despesas
Pessoal e encargos
Processamento de dados
Depreciao e amortizao
Servios de terceiros
Manuteno em geral
Comunicaes
Promoo e divulgao
Impostos e taxas
Honorrios do conselho
Contribuio ao MRP
Diversas
Resultado operacional
Margem operacional

Imposto de renda e contribuio social

Corrente
Diferido

Lucro lquido do perodo

Margem Lquida
Atribudos aos:
Acionistas da BM&FBOVESPA
Margem Lquida
Participao dos no controladores
Mdia Ponderada de aes em circulao
LPA atrib. aos acionistas da BM&FBOVESPA (em R$)

5.9%

3T12

521,604

-4.3%

(763,080)
(353,880)
(102,805)
(93,742)
(51,434)
(10,809)
(17,635)
(19,280)
(42,294)
(6,634)

1,904,684

8.4%
-6.6%
0.6%
-1.5%
24.6%
-0.7%
2.1%
-23.2%
-50.1%
174.9%
5.9%

(64,567)

-29.9%
-1.779 bps

1,301,670
63.0%

1,088,020
57.1%

19.6%
592 bps

37,224

-13.6%

149,270

219,461

-32.0%

45,518
67,596
(22,078)

-5.3%
-2.8%
2.3%

208,851
297,217
(88,366)

280,729
357,720
(76,991)

-25.6%
-16.9%
14.8%

-15.1%

429,590

-25.9%

(184,037)
(45,751)
(138,286)

-45.0%
-114.0%
-22.2%

(152,936)
(17,809)
(135,127)

-33.8%
-136.0%
-20.3%

(585,535)
(67,314)
(518,221)

(539,681)
(49,422)
(490,259)

8.5%
36.2%
5.7%

217,184
43.5%

191,116
40.6%

13.6%
295 bps

276,654
53.0%

-21.5%
-953 bps

1,074,256
52.0%

1,048,529
55.1%

2.5%
-302 bps

217,306
43.5%
(122)

191,066
40.5%
50

13.7%
298 bps
-344.0%

276,476
53.0%
178

-21.4%
-947 bps
-168.5%

1,074,290
52.0%
(34)

1,047,999
55.0%
530

2.5%
-299 bps
-106.4%

1,928,350,689
0.099083

13.6%

1,930,288,806
0.143230

-21.4%

1,948,718,753
0.537789

3.5%

1,931,029,933
0.112534

46.5%
39.5%
15.9%
-1.3%
41.4%
14.9%
-14.8%
38.6%
232.7%
0.7%

2,064,750

(816,664)
(351,608)
(104,422)
(75,208)
(51,803)
(10,588)
(22,959)
(38,609)
(15,385)
(6,262)
(92,342)
(47,478)

(174,756)
(81,774)
(24,642)
(24,080)
(14,115)
(2,542)
(4,614)
(4,017)
(5,909)
(1,648)

1,659,791

1,930,398,048
0.556512

1,588,210

36.0%

4.5%

Lucro Lquido Ajustado

Despesas Ajustadas
LPA ajustado (em R$)

379,366
(174,215)
0.196458

352,667
(163,887)
0.182885

7.6%
6.3%
7.4%

400,638
(136,044)
0.207554

-5.3%
28.1%
-5.3%

1,612,136
(563,487)
0.835131

1,545,627
(584,521)
0.793150

4.3%
-3.6%
5.3%

Ajustes nas Despesas

Despesas
(+) Depreciao
(+) Stock Option
(+) Imposto sobre dividendos - CME
(+) Provises
(+) Contribuio ao MRP
Despesas Ajustadas

4T12
(256,042)
23,765
7,927
18,201
31,934
(174,215)

4T11
(291,630)
22,127
10,419
2,675
180
92,342
(163,887)

Var.
-12.2%
7.4%
-23.9%
580.4%
6.3%

3T12
(174,756)
24,080
7,834
4,653
2,144.9
(136,044)

Var.
46.5%
-1.3%
1.2%
291.2%
1388.8%
28.1%

2012
(763,080)
93,742
32,306
37,367
36,178
(563,487)

2011
(816,664)
75,208
53,630
9,877
1,085
92,342
(584,521)

Var.

Ajustes nas Despesas com Pessoal

Pessoal
(+) Stock Option
(+) Proviso com Plano de Sade
Despesas de Pessoal Ajustadas

4T12
(114,077)
7,927
27,533
(78,618)

4T11
(85,033)
10,419
(74,614)

Var.
34.2%
-23.9%
5.4%

3T12
(81,774)
7,834
(73,940)

Var.
39.5%
1.2%
6.3%

2012
(353,880)
32,306
27,533
(294,042)

2011
(351,608)
53,630
(297,978)

Var.

Ajustes no Lucro Lquido

Lucro Lquido
(+) Stock Option
(+) Passivo diferido (benefcio fiscal do gio)
(-) Result. de equiv. patrimonial lq. de Imposto
(+) Imposto a compensar pago no exterior
(+) Contribuio ao MRP
(+) Proviso com Plano de Sade liq. de imposto
Lucro Lquido Ajustado

4T12
217,306
7,927
134,769
13,969
15,161
18,172
379,366

4T11
191,066
10,419
124,706
128,853
62,987
92,342
352,667

Var.
13.7%
-23.9%
8.1%
-89.2%
-75.9%
7.6%

3T12
276,476
7,834
134,769
32,571
14,130
400,638

Var.
-21.4%
1.2%
0.0%
-57.1%
7.3%
-5.3%

2012
1,074,290
32,306
539,075
111,903
60,196
18,172
1,612,136

2011
1,047,999
53,630
498,252
209,584
62,987
92,342
1,545,627

Var.

-6.6%
24.6%
-39.8%
278.3%
3233.4%
-3.6%

0.6%
-39.8%
-1.3%

2.5%
-39.8%
8.2%
-46.6%
-4.4%
4.3%

BM&FBOVESPA
Income Statement

Gross Revenues

544,053

522,042

Change
4Q12/4Q11
4.2%

Change
4Q12/3Q12
-6.4%

2012

2011

581,305

2,289,023

2,115,983

Change
2012/2011
8.2%

Trading / Settlement - BM&F

Derivatives
Foreign Exchange
Securities

205,332
201,146
4,185
1

177,189
173,448
3,728
13

15.9%
16.0%
12.3%
-92.3%

219,261
214,776
4,483
2

-6.4%
-6.3%
-6.6%
-50.0%

865,874
848,858
16,999
17

760,245
744,018
16,102
125

13.9%
14.1%
5.6%
-86.4%

Trading / Settlement - Bovespa

Trading fees
Clearing fees
Others

238,508
54,782
176,232
7,494

223,786
52,031
166,718
5,037

6.6%
5.3%
5.7%
48.8%

263,367
61,993
196,879
4,495

-9.4%
-11.6%
-10.5%
66.7%

1,034,007
243,181
769,221
21,605

964,702
540,391
396,023
28,288

7.2%
-55.0%
94.2%
-23.6%

Other Revenues
Securities Lending
Listing
Depository, custody and back-office
Trading access (Brokers)
Vendors
Brazilian Commodities Exchange
BM&F Bank
Others

100,213
18,700
11,111
27,758
13,370
16,298
1,577
4,586
6,813

121,067
21,582
10,734
23,455
13,486
16,303
1,062
5,090
29,355

-17.2%
-13.4%
3.5%
18.3%
-0.9%
0.0%
48.5%
-9.9%
-76.8%

98,677
18,503
11,050
26,151
12,903
18,296
1,621
4,477
5,676

1.6%
1.1%
0.6%
6.1%
3.6%
-10.9%
-2.7%
2.4%
20.0%

389,142
77,063
45,625
102,763
51,540
67,668
4,931
19,708
19,844

391,036
74,030
44,841
91,353
49,153
65,049
5,959
20,461
40,190

-0.5%
4.1%
1.7%
12.5%
4.9%
4.0%
-17.3%
-3.7%
-50.6%

Revenue deductions
PIS and Cofins
Service tax

(44,879)
(37,812)
(7,067)

(50,854)
(45,208)
(5,646)

-11.7%
-16.4%
25.2%

(59,701)
(52,455)
(7,246)

-24.8%
-27.9%
-2.5%

(224,273)
(195,555)
(28,718)

(211,299)
(188,504)
(22,795)

6.1%
3.7%
26.0%

Net Revenues

499,174

471,188

521,604

-4.3%

(256,042)
(114,077)
(28,563)
(23,765)
(19,959)
(2,922)
(3,931)
(5,567)
(19,657)
(1,660)

-12.2%
34.2%
-12.0%
7.4%
5.1%
6.1%
-20.7%
-30.5%
371.7%
0.1%
-

(35,941)

(291,630)
(85,033)
(32,460)
(22,127)
(18,994)
(2,755)
(4,956)
(8,008)
(4,167)
(1,659)
(92,342)
(19,129)

87.9%

(11,415)

214.9%

243,132
48.7%

179,558
38.1%

35.4%
1.060 bps

346,848
66.5%

Equity in results of investees

32,170

131,528

-75.5%

Financial Income
Financial Revenues
Financial Expenses

43,111
65,700
(22,589)

64,067
86,252
(22,185)

-32.7%
-23.8%
1.8%

(In thousand of Reais,

except if otherwise indicates)

Expenses
Personnel
Data processing
Deprec. and Amortization
Third Party Services
Maintenance
Communication
Marketing
Taxes
Board Compensation
Contribution to MRP
Others
Operating Income
Operating margin

Income before Taxes

Income Tax and Social Contribution
Current
Deferred

Net Income
Net Margin
Attributable to:
BM&FBOVESPAs Shareholders
Net Margin
Minority Interest
Sharecount
EPS attrib. to BM&FBOVESPAs Shareholders
Adjusted Net Income
Adjusted Expenses
Adjusted EPS

4Q12

4Q11

5.9%

3Q12

(174,756)
(81,774)
(24,642)
(24,080)
(14,115)
(2,542)
(4,614)
(4,017)
(5,909)
(1,648)

46.5%
39.5%
15.9%
-1.3%
41.4%
14.9%
-14.8%
38.6%
232.7%
0.7%

2,064,750
(763,080)
(353,880)
(102,805)
(93,742)
(51,434)
(10,809)
(17,635)
(19,280)
(42,294)
(6,634)

1,904,684

8.4%
-6.6%
0.6%
-1.5%
24.6%
-0.7%
2.1%
-23.2%
-50.1%
174.9%
5.9%

(64,567)

(816,664)
(351,608)
(104,422)
(75,208)
(51,803)
(10,588)
(22,959)
(38,609)
(15,385)
(6,262)
(92,342)
(47,478)

-29.9%
-1.779 bps

1,301,670
63.0%

1,088,020
57.1%

19.6%
592 bps

37,224

-13.6%

149,270

219,461

-32.0%

45,518
67,596
(22,078)

-5.3%
-2.8%
2.3%

208,851
297,217
(88,366)

280,729
357,720
(76,991)

-25.6%
-16.9%
14.8%

318,413

375,153

-15.1%

429,590

-25.9%

(101,229)
6,417
(107,646)

(184,037)
(45,751)
(138,286)

-45.0%
-114.0%
-22.2%

(152,936)
(17,809)
(135,127)

-33.8%
-136.0%
-20.3%

(585,535)
(67,314)
(518,221)

(539,681)
(49,422)
(490,259)

8.5%
36.2%
5.7%

217,184
43.5%

191,116
40.6%

13.6%
295 bps

276,654
53.0%

-21.5%
-953 bps

1,074,256
52.0%

1,048,529
55.1%

2.5%
-302 bps

217,306
43.5%
(122)

191,066
40.5%
50

13.7%
298 bps
-344.0%

276,476
53.0%
178

-21.4%
-947 bps
-168.5%

1,074,290
52.0%
(34)

1,047,999
55.0%
530

2.5%
-299 bps
-106.4%

1,928,350,689
0.099083

13.6%

1,930,288,806
0.143230

-21.4%

1,948,718,753
0.537789

3.5%

1,931,029,933
0.112534

1,659,791

1,930,398,048
0.556512

1,588,210

36.0%

4.5%

379,366
(174,215)
0.196458

352,667
(163,887)
0.182885

7.6%
6.3%
7.4%

400,638
(136,044)
0.207554

-5.3%
28.1%
-5.3%

1,612,136
(563,487)
0.835131

1,545,627
(584,521)
0.793150

4.3%
-3.6%
5.3%

Expenses
(+) Depreciation
(+) Stock Option
(+) Tax on dividends from the CME Group
(+) Provisions
(+) Contribution to MRP
Adjusted Expenses

4Q12
(256,042)
23,765
7,927
18,201
31,934
(174,215)

4Q11
(291,630)
22,127
10,419
2,675
180
92,342
(163,887)

Var.
-12.2%
7.4%
-23.9%
580.4%
6.3%

3Q12
(174,756)
24,080
7,834
4,653
2,144.9
(136,044)

Var.
46.5%
-1.3%
1.2%
291.2%
1388.8%
28.1%

2012
(763,080)
93,742
32,306
37,367
36,178
(563,487)

2011
(816,664)
75,208
53,630
9,877
1,085
92,342
(584,521)

Var.
-6.6%
24.6%
-39.8%
278.3%
3233.4%
-3.6%

Personnel
(+) Stock Option
(+) Provisions - Health plan
Adjusted Personel Expenses

4Q12
(114,077)
7,927
27,533
(78,618)

4Q11
(85,033)
10,419
(74,614)

Var.
34.2%
-23.9%
5.4%

3Q12
(81,774)
7,834
(73,940)

Var.
39.5%
1.2%
6.3%

2012
(353,880)
32,306
27,533
(294,042)

2011
(351,608)
53,630
(297,978)

Var.
0.6%
-39.8%
-1.3%

Net Income
(+) Stock Option
(+) Deferred liability
(-) Equity in results of investees (net of taxes)
(+) Recoverable taxes paid overseas
(+) Contribution to MRP
(+) Provisions - Health plan (net of taxes)
Adjusted Net Income

4Q12
217,306
7,927
134,769
13,969
15,161
18,172
379,366

4Q11
191,066
10,419
124,706
128,853
62,987
92,342
352,667

Var.
13.7%
-23.9%
8.1%
-89.2%
-75.9%
7.6%

3Q12
276,476
7,834
134,769
32,571
14,130
400,638

Var.
-21.4%
1.2%
0.0%
-57.1%
7.3%
-5.3%

2012
1,074,290
32,306
539,075
111,903
60,196
18,172
1,612,136

2011
1,047,999
53,630
498,252
209,584
62,987
92,342
1,545,627

Var.
2.5%
-39.8%
8.2%
-46.6%
-4.4%
4.3%