balance sheet as of december 31, 2003 - Raiffeisenlandesbank ...

PROFIT AND LOSS ACCOUNT 2003
2003 2002
1. + Interest receivable and similar income 372,096,504.62 429,892,029.34
Amount from
Fixed-income securities 51,237,729.88 49,792,082.52
2. – Interest payable and similar expenses 284,502,626.20 335,478,278.21
I. NET INTEREST INCOME 87,593,878.42 94,413,751.13
3. + Interest from securities and equity interests 25,971,676.88 18,927,377.30
a) Income from equities, other equity stakes
and variable-yield securities 6,927,668.01 5,591,083.07
b) Income from associated enterprises 1,396,864.07 10,932,855.47
c) Income from group enterprises 17,647,144.80 2,403,438.76
4. + Fees and commissions receivable 63,252,851.40 55,387,350.02
5. – Fees and commissions payable 18,383,504.57 17,388,104.07
6. +/– Dealing income/expenses 7,253,067.14 4,680,789.57
53
7. + Other operating income 13,682,132.88 16,049,345.30
II. OPERATING INCOME 179,370,102.15 172,070,509.25
8. – General administrative expenses 114,801,535.25 111,699,903.82
a) Personnel costs 63,587,970.96 58,842,417.59
Amount in:
aa) Wages and salaries 45,828,137.55 42,693,816.62
bb) Statutory social security contributions,
pay-related levies and
compulsory contributions 11,543,375.59 10,664,953.81
cc) Other employee benefits 1,050,687.90 1,026,148.19
dd) Pensions 3,635,672.13 3,986,443.60
ee) Allocations for pension provisions 1,466,978.07 317,005.86
ff) Allocations for severance payment provisions 63,119.72 154,049.51
b) Other administrative expenses 51,213,564.29 52,857,486.23
9. – Depreciation and amortization for
balance sheet asset items 9 and 10 5,465,861.99 7,393,760.91
10. – Other operating expenses 190,069.82 1,115,087.03
III. OPERATING EXPENSES 120,457,467.06 120,208,751.76
IV. OPERATING PROFIT 58,912,635.09 51,861,757.49
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