Landeskreditbank Baden-Württemberg - L-Bank

Statement of income for the period
from January 1, 2004 to December 31, 2004
2004 2004 2004 2003
EUR EUR EUR EUR
1. Interest income from
a) Lending and money
market transactions .... 1,922,512,450.12 2,004,110,774.01
b) Fixed-interest securities
and debt register
receivables ........... 389,725,489.77 371,061,706.59
2,382,237,939.89 2,375,172,480.60
2. Interest expenses .......... 1,954,152,155.81 1,972,054,532.46
428,085,784.08 403,117,948.14
3. Current income from
a) Shares and other noninterest-bearing
securities ............ 408,384.28 463,406.51
b) Equity investments in
non-affiliated
companies ........... 4,192,713.08 5,202,792.35
c) Equity investments in
affiliated companies .... –.– –.–
4,601,097.36 5,666,198.86
4. Commission income ....... 28,289,920.06 28,279,542.78
5. Commission expenses ...... 10,877,681.49 11,258,353.10
6. Net income from financial
transactions .............. 860,764.36 2,093,939.16
7. Other operating income ..... 31,463,934.74 40,596,143.64
8. General administrative
expenses ................
a) Personnel expenses
aa) Wages and
salaries ......... 59,040,801.75 58,288,976.05
ab) Social security,
pension and other
benefit and welfare
expenses thereof:
for pensions
EUR
10,976,995.55
(6,275,576.65) .... 20,408,180.16 79,448,981.91 15,711,878.08
74,000,854.13
b) Other general
administrative
expenses ............. 34,895,168.02 35,791,136.20
114,344,149.93 109,791,990.33
9. Depreciation and
accumulated amortization on
intangible assets and tangible
assets, including property and
equipment ............... 10,010,895.97 11,077,630.14
10. Other operating expenses . . . 28,824,761.61 30,105,729.78
Carried forward: .......... 329,244,011.60 317,520,069.23
F-6