Landeskreditbank Baden-Württemberg - L-Bank

Landeskreditbank Baden-Württemberg – Förderbank
Statement of income for the period from January 1, 2003 to December 31, 2003
1. Interest income from
Dec. 31, 2003 Dec. 31, 2002
EUR EUR EUR EUR
a)
Lending and money
market transactions .... 2,004,110,774.01 2,101,601,820.39
b) Fixed-interest securities
and debt register
receivables ........... 371,061,706.59 389,841,589.13
2,375,172,480.60 2,491,443,409.52
2. Interest expenses ......... 1,972,054,532.46 2,103,783,365.73
403,117,948.14 387,660,043.79
3. Current income from
a) Shares and other noninterest-bearing
securities ............ 463,406.51 605,093.36
b) Equity investments in
non-affiliated
companies ........... 5,202,792.35 4,260,374.41
c) Equity investments in
affiliated companies .... —.— —.—
5,666,198.86 4,865,467.77
4. Commission income ....... 28,279,542.78 25,081,128.77
5. Commission expenses ..... 11,258,353.10 13,459,113.11
6. Net income from financial
transactions ............. 2,093,939.16 2,109,754.84
7. Other operating income . . . 40,596,143.64 41,134,887.96
8. General administrative
expenses
a) Personnel expenses
aa) Wages and
ab)
salaries ......... 58,288,976.05 56,331,911.21
Social security,
pension and other
benefit and welfare
expenses thereof:
for pensions EUR
6,275,576.65
(8,945,552.10) .... 15,711,878.08 22,767,299.91
74,000,854.13 79,099,211.12
b) Other general
administrative
expenses ............. 35,791,136.20 38,311,138.11
109,791,990.33 117,410,349.23
9. Depreciation and
accumulated amortization
on intangible assets and
tangible assets, including
property and equipment . . . 11,077,630.14 11,082,488.64
10. Other operating
expenses ................ 30,105,729.78 23,436,330.00
Carried forward: ............... 317,520,069.23 295,463,002.15
F-29