RLB GB engl.44-68 - Raiffeisenlandesbank Niederösterreich-Wien

A. Accounting policies
* Dislosures subject to statutory reporting requirements
Notes to the accounts *
The annual financial statements were drawn up in accordance with generally accepted accounting principles
and the general requirement to present a true and fair view of the Company’s assets, finances and
earnings.
The individual items were accounted for, valued and reported in accordance with the provisions of the
Austrian Commercial Code, the Austrian Companies Act (AktG) and the specific regulations for the banking
industry contained in the Banking Act (BWG), in each case as amended.
B. Reorganisations and mergers
With retroactive effect from midnight 31 December 2000, Raiffeisenlandesbank Niederösterreich-
Wien reg.Gen.m.b.H. (hereafter RLB reg.Gen.m.b.H.) transferred its banking business and its
banking investments to Praelusio Beteiligungs AG as a contribution in kind in accordance with
section 92 Banking Act and Art. III Reorganisation Tax Act (UmgrStG). Following this transfer of
assets the transferee changed its name to Raiffeisenlandesbank Niederösterreich-Wien AG (hereafter
RLB AG) and the transferor was renamed as Raiffeisen-Holding Niederösterreich-Wien reg.Gen.m.b.H.
(hereafter R-Holding).
The contribution in kind was in exchange for new shares in the acquiring company. The share capital
of RLB AG was therefore increased by EUR 156,348,300, from EUR 100,000 to EUR 156,448,300
by issuance of 1,563,483 no par voting bearer shares (ordinary shares). At the time of the transfer
R-Holding was the sole shareholder in the acquiring company.
The licences and permits held by the banking business have passed to RLB AG in accordance with
section 92(6) Banking Act.
The banking operations were acquired by RLB AG as universal successor under section 92(4)
Banking Act.
These reorganisation measures were entered in the register of companies on 11 May 2001.
In connection with the above reorganisation a capital increase was effected by the issue of 427,490 no
par bearer shares in RLB AG, each corresponding to EUR 100 of the share capital. The right to subscribe
to these shares was exclusively reserved for the Lower Austrian Raiffeisen banks.
The comparative figures for the previous year shown in these financial statements are those of the former
RLB reg. Gen.m.b.H. for the year ended 31 December 2000, and are not adjusted to reflect the aforementioned
reorganisation. The disclosures for the year ended 31 December 2001 are thus only partly
comparable with those of the previous year.
Despite this, the inclusion of these results would seem appropriate in that the banking business of the
former RLB reg.Gen.m.b.H. represented by far the largest area of operations.
The effects of the reorganisation on individual balance sheet items are shown under “Supplementary
information”, below. This contains a comparison of the main items in the balance
sheet of the banking business with those in the balance sheet of RLB reg.Gen.m.b.H. as at
31 December 2000.
Annual financial statements 2001
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