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Liabilities evidenced by certificates – breakdown by product € m 2005 2004 Debt securities issued 21,203 17,929 Mortgage bonds and local-authority bonds 2,690 2,296 Other debt securities issued 18,514 15,633 of which: at fair value through profit or loss 1,129 Other liabilities evidenced by certificates 1,499 1,688 LIABILITIES EVIDENCED BY CERTIFICATES 22,703 19,617 Debt securities issued are liabilities evidenced by listed certificates. Other liabilities evidenced by certificates are securities issues of the Bank Austria Creditanstalt Group which are not listed, and certificates of deposit amounting to € 1,008 m. Given the complex structure of embedded derivatives, the Group used the fair value option. A positive change totalling € 17.5 m in the fair values of other debt securities issued with a total volume of € 1,129 m was recognised in income. In 2005, changes in fair values resulting from changes in our own credit rating were – € 3.6 m. Liabilities evidenced by certificates – breakdown by maturity € m With a remaining maturity of 2005 2004 up to 3 months 1,299 2,740 over 3 months up to 1 year 4,227 1,314 over 1 year up to 5 years 9,959 8,737 over 5 years 7,216 6,826 LIABILITIES EVIDENCED BY CERTIFICATES 22,703 19,617 € m 2005 2004 Negative fair values of derivative financial instruments 6,470 8,100 Other trading liabilities 337 830 TRADING LIABILITIES 6,807 8,930 € m 2005 2004 Provisions for retirement benefits and similar obligations 3,654 2,943 Provisions for taxes 603 650 Current taxes 62 36 Deferred taxes 541 614 Provisions for restructuring costs 112 – Provisions for contingent liabilities 153 132 Other provisions for impending losses 230 276 PROVISIONS 4,753 4,000 138 Notes to the balance sheet (22) Liabilities evidenced by certificates (23) Trading liabilities (24) Provisions
Movements in provisions for restructuring costs and contingent liabilities as well as other provisions € m Provisions for Provisions for Other restructuring costs contingent liabilities provisions As at 1 January 2005 – 132 260 Changes in group of consolidated companies 6 1 –1 Changes resulting from currency translation – 2 1 Allocations to provisions 109 69 84 Use – 2 –12 – 69 Release –1 – 38 – 44 As at 31 December 2005 112 153 230 The Managing Board of Bank Austria Creditanstalt AG has decided to restructure the SMEs Austria business segment which was newly defined with effect from 2005, and has communicated the restructuring plan to the Employees’ Council. A provision of € 90 m was made for restructuring costs relating to measures to be taken in this connection. The amount is expected to be used in the years 2006 and 2007. Provisions for restructuring costs were also made at various subsidiaries involving smaller amounts. Movements in provisions for retirement benefits and similar obligations € m 2005 2004 Provision as at 1 January 2,943 2,854 +/– changes in group of consolidated companies – 3 – +/– actuarial gains/losses with no effect on income 734 15 + interest cost 154 151 + current service cost 70 52 + past service cost/early retirement – 41 – payments in the reporting year – 224 –174 +/– result from plan changes – 23 – +/– other changes 4 4 PROVISION AS AT 31 DECEMBER 3,654 2,943 Deferred tax liabilities € m Relating to: 2005 2004 loan loss provisions for loans and advances to banks and customers 45 29 trading assets 103 125 property and equipment 24 25 investments 331 311 other assets 20 118 amounts owed to banks and customers 2 1 liabilities evidenced by certificates 3 4 provisions 4 – other balance sheet items 10 1 DEFERRED TAX LIABILITIES 541 614 Notes to the balance sheet 139
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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
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In the retail/private customers seg
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Our efforts to offer products meeti
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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 128 and 129: Leasing business Total gross and ne
Page 130 and 131: Movements in investments in 2005
Page 132 and 133: In 2005, deferred taxes were partly
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
Page 178 and 179: Income Statement of our Consolidate
Page 180 and 181: Balance Sheets of our Consolidated
Page 182 and 183: 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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