team spirit - Bankier.pl

Private Customers Austria
SMEs Austria
Large Corporates and
Real Estate
International Markets
CEE
Corporate Center
Methods
tomers Austria segment). The Large Corporates and Real Estate segment covers multinational
corporates, financial institutions, public sector and real estate customers. The
comparative figures for 2004 were adjusted to reflect these changes.
Responsibility for the Private Customers Austria segment covers the private customer
business of Bank Austria Creditanstalt AG and the activities of Schoellerbank AG,
BANKPRIVAT AG, the fund management activities and the credit card business.
The SMEs Austria segment covers small and medium-sized businesses (SMEs).
The Large Corporates and Real Estate segment comprises multinational corporates,
financial institutions, public sector and real estate customers as well as the activities of
BA-CA Wohnbaubank AG, BA-CA Real Invest GmbH and the leasing business of the
Bank Austria Creditanstalt Leasing Group.
International Markets essentially comprises the treasury activities of Bank Austria Creditanstalt
AG.
The CEE business segment includes the commercial banking units of the Bank Austria
Creditanstalt Group in Central and Eastern Europe.
“Corporate Center” covers all equity interests that are not assigned to other segments.
Also included are inter-segment eliminations and other items which cannot be assigned
to other business segments.
Net interest income is split up according to the market interest rate method. Costs are
allocated to the individual business segments from which they arise. Goodwill arising on
acquisitions is also assigned to the individual business segments.
Capital allocation is based on Austrian supervisory guidelines. Capital allocated to the
business segments amounts to 7 % (10 % for CEE subsidiaries) of the risk positions
(credit and market risk equivalent). The difference to the equity capital actually available
is transferred to the Corporate Center segment. An interest rate of 5 % which represents
the long-term average return on risk-free investments in the capital market, as determined
by empirical surveys, is applied to allocated capital on a uniform Group-wide basis,
and the notional income from investment of capital is included in net interest income.
The result of each business segment is measured by the net income before taxes and the net
income after taxes earned by the respective segment. In addition to the cost/income ratio,
the return on equity is one of the key ratios used for controlling the business segments.
The segment reporting data also show the net income after taxes. The changes in IFRSs
described in “Changes in accounting principles in 2005” in note 2 are applied retrospectively
for the year 2004 also for segment reporting purposes (first-time application).
Additional IFRS disclosures 145