Geschäftsbericht 2002 - Commerzbank International SA

Profit and Loss Account
for the Financial Year 2002
Expenses (in W)
2002 2001
Interest payable and similar charges 935 770 547.52 851 890 043.66
Commissions payable 7 556 547.33 6 835 385.32
Net loss on financial operations 9 234 180.51 8 164 320.26
General administrative expenses 66 195 550.89 71 161 243.65
a) Staff costs 41 189 511.12 42 822 059.48
Of which: Salaries and wages 32 735 208.60 35 445 483.42
Social security costs 5 577 388.38 4 525 291.99
Of which: For pensions 2 509 812.28 1 473 876.96
b) Other administrative expenses 25 006 039.77 28 339 184.17
Value adjustments in respect of intangible and tangible assets 3 830 156.84 4 498 203.24
Other operating expenses
Value adjustments in respect of loans and advances and provisions
38 649 490.11 21 859 808.56
for contingent liabilities and for commitments
Value adjustments in respect of transferable securities held as
107 939 171.95 79 988 995.87
financial fixed assets, participating interests and shares in affiliated undertakings 106 060 500.00 58 922 500.00
Tax on profit on ordinary activities 0.00 17 866 000.00
Profit on ordinary activities after tax 6 033 824.03 282 447 918.92
Other taxes not shown under the preceding items 6 033 824.03 4 928 136.15
Profit for the financial year 0.00 277 519 782.77
Total expenses 1 281 269 969.18 1 403 634 419.48
Income (in W)
2002 2001
Interest receivable and similar income 1 113 505 315.00 1 048 786 752.21
Of which: From fixed-income securities 97 382 306.93 138 387 607.60
Income from transferable securities 21 508 024.29 25 869 736.28
Of which: a) Income from shares and other variable-yield transferable securities 7 148 824.29 3 500 036.28
b) Income from participating interests 4 351 200.00 5 257 700.00
c) Income from shares in affiliated undertakings 10 008 000.00 17 112 000.00
Commissions receivable
Value re-adjustments in respect of loans and advances and
68 023 644.77 81 573 048.32
provisions for contingent liabilities and for commitments 9 646 815.60 18 097 152.13
Other operating income 27 022 339.81 229 307 730.54
Loss for the financial year 41 563 829.71 0.00
Total income 1 281 269 969.18 1 403 634 419.48
PROFIT AND LOSS ACCOUNT
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