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Income statement of the Bank Austria Creditanstalt Group
for the year ended 31 December 2005
110 Income statement
(Notes) 2005 2004 Change
€ m € m in € m in %
Interest income 5,392 5,040 352 7.0
Interest expenses – 2,780 – 2,599 –181 7.0
Net interest income (4) 2,611 2,441 170 7.0
Losses on loans and advances (5) – 495 – 398 – 96 24.1
Net interest income after losses on
loans and advances 2,117 2,042 74 3.6
Fee and commission income 1,763 1,549 214 13.8
Fee and commission expenses – 305 – 315 11 – 3.4
Net fee and commission income (6) 1,458 1,233 225 18.2
Net trading result (7) 237 233 4 1.7
General administrative expenses (8) – 2,622 – 2,479 –143 5.8
Balance of other operating income and expenses (9) – 48 – 85 37 – 43.4
Operating profit 1,142 944 197 20.9
Net result from investments (10) 282 – 8 290 >100
Amortisation of goodwill – 4 – 75 71 – 94.6
Allocation to provisions for restructuring costs –108 – –108
Balance of other income and expenses –11 – 2 – 8 >100
Profit from ordinary activities/
Net income before taxes 1,301 859 443 51.5
Taxes on income (11) – 226 –188 – 38 20.0
Net income 1,075 671 405 60.4
Minority interests –111 – 61 – 50 80.5
Consolidated net income 964 609 355 58.3
Key figures
2005 2004
Earnings per share (in €, basic and diluted) (12) 6.56 4.14
Return on equity before taxes 17.9 % 13.3 %
Return on equity after taxes 14.3 % 10.1%
Cost/income ratio 61.6 % 64.9 %
Risk/earnings ratio 18.9 % 16.3 %
Key figures excluding one-off effects *)
Earnings per share (in €, basic and diluted) 6.22
Return on equity before taxes 17.2 %
Return on equity after taxes 13.5 %
*) One-off effects relate mainly to capital gains on the sale of Investkredit shares, and to HVB Bank Romania,
the allocation to provisions for restructuring costs, and a special expense for UniCredit integration