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Income statement of the Bank Austria Creditanstalt Group for the year ended 31 December 2004
Changes resulting from first-time application effects of amended and new IFRSs
€ m 1 Jan.– 31 Dec. 2004 First-time 1 Jan.– 31 Dec. 2004
published application effects new
Interest income 4,977 63 5,040
Interest expenses – 2,542 – 57 – 2,599
Net interest income 2,435 6 2,441
Losses on loans and advances – 417 18 – 398
Net interest income after losses on loans and advances 2,018 24 2,042
Fee and commission income 1,549 – 1,549
Fee and commission expenses – 315 – – 315
Net fee and commission income 1,233 – 1,233
Net trading result 223 10 233
General administrative expenses – 2,479 – – 2,479
Balance of other operating income and expenses – 85 – – 85
Operating profit 922 35 944
Net result from investments 4 –12 – 8
Amortisation of goodwill – 75 – – 75
Allocation to provisions for restructuring costs – – –
Balance of other income and expenses – 2 – – 2
Profit from ordinary activities/Net income before taxes 836 23 859
Taxes on income –173 –15 –188
Net income 663 7 671
Minority interests – 61 – – 61
Consolidated net income 602 7 609
Balance sheet of the Bank Austria Creditanstalt Group at 31 December 2004
Changes resulting from first-time application effects of amended and new IFRSs
Assets 31 Dec. 2004 First-time 31 Dec. 2004 Liabilities and 31 Dec. 2004 First-time 31 Dec. 2004
published application new shareholders’ equity published application new
€ m effects € m effects
Cash and balances with central banks 3,302 – 578 2,724 Amounts owed to banks 39,927 – 39,927
Trading assets 18,590 –15 18,575 Amounts owed to customers 57,856 – 57,856
Loans and advances to, Liabilities evidenced
and placements with, banks 23,995 – 23,995 by certificates 19,617 – 19,617
Loans and advances to customers 81,260 – 81,260 Trading liabilities 8,960 – 30 8,930
– Loan loss provisions – 3,215 – 89 – 3,305 Provisions 3,753 247 4,000
Investments 16,668 648 17,316 Other liabilities 4,033 30 4,063
Property and equipment 1,122 – 1,122 Subordinated capital 5,291 – 5,291
Intangible assets 1,133 – 1,133 Shareholders’ equity 7,080 –182 6,898
Other assets 3,662 100 3,761 of which: minority interests 439 – 439
TOTAL ASSETS 146,516 65 146,581 TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY 146,516 65 146,581
All companies that are material and are directly or indirectly controlled by Bank Austria Consolidation methods
Creditanstalt have been consolidated in the consolidated financial statements. In this context,
uniform Group-wide criteria (primarily total assets and results of operations) are
applied in determining materiality; these criteria relate to the effect of inclusion or noninclusion
of a subsidiary in the presentation of the Group’s financial position and the
118 Significant accounting principles