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Leasing business Total gross and net investment € m Total gross investment 2005 2004 up to 3 months 345 357 up to 1 year 889 835 up to 5 years 2,686 2,322 over 5 years 3,294 3,283 7,216 6,797 Total net investment up to 3 months 308 258 up to 1 year 777 691 up to 5 years 2,289 1,854 over 5 years 2,549 2,428 5,923 5,231 Unearned finance income up to 3 months 38 99 up to 1 year 113 144 up to 5 years 397 468 over 5 years 745 855 1,293 1,565 Unguaranteed residual values 1,147 1,047 Loan loss provisions *) 136 115 New investments in leasing business at cost developed as follows: € m 2005 2004 Austrian leasing business 720 1,034 Real estate 224 257 Equipment 496 777 International leasing business 1,391 1,614 NEW INVESTMENTS 2,111 2,648 (16) Loan loss provisions € m for loans and advances for loans Total to, and placements and advances with, banks to customers 2005 2004 2005 2004 2005 2004 At beginning of reporting year 26 34 3,279 3,456 3,305 3,490 First-time application effects resulting from amended and new IFRSs – 1 – 115 – 116 At beginning of reporting year after first-time application effects 26 35 3,279 3,571 3,305 3,606 Allocation 1 – 1,153 921 1,154 922 Release – – 3 – 543 – 329 – 543 – 332 Use – 2 – 7 – 641 – 734 – 643 – 741 Exchange differences and other adjustments not reflected in the income statement 2 – 16 –150 18 –150 Non-current assets classified as held for sale – – – 59 – – 59 – AT END OF REPORTING YEAR 26 26 3,206 3,279 3,232 3,305 132 Notes to the balance sheet *) These provisions relate to finance leases, which account for almost all of Bank Austria Creditanstalt’s leasing business.
(17) Investments Loan loss provisions – breakdown by region € m 2005 2004 Austria 2,565 2,539 Abroad 667 765 Central and Eastern Europe 667 765 Other foreign countries – – LOAN LOSS PROVISIONS 3,232 3,305 € m Carrying First-time Acquisition Accumulated Carrying Carrying Total amount application cost write-ups/write downs amount amount change 31 Dec. 2004 31 Dec. 2004 1 Jan. 2005 1 Jan. 2005 1 Jan. 2005 31 Dec. 2005 2005 Held-to-maturity investments – debt securities 7,292 –1 7,356 – 64 7,291 6,847 – 445 Available-for-sale investments 8,036 – 308 7,977 – 381 7,728 8,160 432 Shares in unconsolidated subsidiaries 738 – 1,032 – 303 738 748 10 Shares in other companies 169 – 217 – 72 169 162 – 7 Other fixed-income securities 3,518 – 308 3,210 – 3,210 3,913 703 Shares and other variable-yield securities 3,610 – 3,518 – 6 3,610 3,337 – 273 Securities held as short-term investments 1,817 – 1,817 – 1,817 1,539 – 279 Securities held as long-term investments 1,793 – 1,701 – 6 1,793 1,798 5 Fair value option – investments – 887 – – 887 1,963 1,076 Bonds and other fixed-income securities – 887 – – 887 1,738 850 Shares and other variable-yield securities – – – – – 226 226 Securities held as short-term investments – – – – – 5 5 Securities held as long-term investments Investments in companies accounted for – – – – – 221 221 under the equity method 942 69 787 144 931 987 56 of which: goodwill *) 183 – 120 –17 103 99 – 4 Investment property 397 – 589 –191 397 214 –183 INVESTMENTS 17,235 18,172 937 *) In the previous year, adjustment of goodwill of regional banks (– € 79 m) pursuant to IFRS 3 (purchase accounting). The BA-CA Group used the option to designate financial instruments upon initial recognition as “at fair value through profit or loss”. Valuation differences between hedged items and hedging instruments to be recognised in income are thereby reduced or avoided. The overall effect of using the fair value option for investments in the Bank Austria Creditanstalt Group was a positive amount of € 19 m. Notes to the balance sheet 133
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Annual Report Bank Austria Creditan
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The Bank Austria Creditanstalt Shar
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Annual Report Bank Austria Creditan
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Highlights 2005 Awards 2005 1 Janua
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A word of thanks to our employees T
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8 Letter from the CEO of the new Un
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4 pages reserved for illustrations
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“As a member of UniCredit Group w
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as an organisational principle has
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We attach great importance to human
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International Markets Willi Hemetsb
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Growth in Austria slightly above EU
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� Net income up by 60 %. 21% incr
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The “sustainable” income compon
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Net trading result € m 2005 2004
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higher revenue without significant
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In 2005 our multi-year Fit for Sale
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from classic on-balance sheet produ
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Net fee and commission income in CE
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employees’ qualification levels a
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Outlook Global economic environment
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Outlook for Bank Austria Creditanst
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Other shareholders 0.2% Austria 0.9
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IPO targets met ahead of time Finan
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Austrian Customer Business Bank Aus
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Linking sales channels � Mix of s
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Lowering the proportion of lending
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Loans to private customers grow mor
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Flexible products for closing the p
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Cards for young people Security - a
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Network bank for international corp
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Corporate finance, not just for lar
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International Markets (INM) The Int
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Record year on the Vienna Stock Exc
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4 pages reserved for illustrations
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“The upswing experienced by the C
Page 77 and 78: In the retail/private customers seg
Page 79 and 80: Our efforts to offer products meeti
Page 81 and 82: Slovakia - HVB Bank Slovakia € m
Page 83 and 84: Outlook With the planned expansion
Page 85 and 86: International Markets Business deve
Page 87 and 88: Following the big success of the pr
Page 89 and 90: Acquisition of Eksimbanka By acquir
Page 91 and 92: “As a bank with growing business
Page 93 and 94: Risk structure by region and busine
Page 95 and 96: “The higher the level of standard
Page 97 and 98: Basel II The roll-out of the module
Page 99 and 100: “Today we expect our bank employe
Page 101 and 102: manager, the higher his classificat
Page 104 and 105: Consolidated Financial Statements i
Page 106 and 107: Income statement of the Bank Austri
Page 108 and 109: Statement of changes in shareholder
Page 110 and 111: Notes to the Consolidated Financial
Page 112 and 113: IFRSs applied Title Application App
Page 116 and 117: Loans and receivables are carried i
Page 118 and 119: Accounting for leases as lessee: in
Page 120 and 121: The present value of pension obliga
Page 122 and 123: as the identification of intangible
Page 124 and 125: € m 2005 2004 Staff costs 1,491 1
Page 126 and 127: € m 2005 2004 Bonds and other fix
Page 130 and 131: Movements in investments in 2005
Page 132 and 133: In 2005, deferred taxes were partly
Page 134 and 135: Liabilities evidenced by certificat
Page 136 and 137: € m 2005 2004 Negative fair value
Page 138 and 139: Emoluments of members of Bank Austr
Page 140 and 141: Most of the trading assets and trad
Page 142 and 143: Segment reporting € m Private SME
Page 144 and 145: € m 2005 2005 2004 2004 Assets Li
Page 146 and 147: In the 2005 financial year, aggrega
Page 148 and 149: Market risk management encompasses
Page 150 and 151: VaR of the Bank Austria Creditansta
Page 152 and 153: Basis point values of the Bank Aust
Page 154 and 155: High-yield portfolio: composition o
Page 156 and 157: Market risk limit utilisation in CE
Page 158 and 159: Liquidity ratios of the Bank Austri
Page 160 and 161: Operational risk is defined as the
Page 162 and 163: experience in the past. Moreover, s
Page 164 and 165: Total volume of outstanding financi
Page 166 and 167: The following tables show the capit
Page 168 and 169: Report of the Auditors We have audi
Page 170 and 171: Report of the Supervisory Board In
Page 172 and 173: Corporate Governance Bank Austria C
Page 174 and 175: Supervisory Board and Managing Boar
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Income Statement of our Consolidate
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Balance Sheets of our Consolidated
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Glossary Important concepts and ter
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General administrative expenses div
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In 1988, the Basel Capital Accord (
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Office Network of the Bank Austria
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Central and Eastern Europe Bosnia a
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Other Countries 196 Office Network
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Investor Relations Investor Relatio
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