Landeskreditbank Baden-Württemberg - L-Bank

Landeskreditbank Baden-Württemberg – Förderbank
Statement of income for the period
from January 1, 2002 to December 31, 2002
Dec. 31, 2002 Dec. 31, 2001
EUR EUR EUR EUR
1. Interest income from
a) Lending and money market
transactions .................... 2,101,601,820.39 2,032,059,758.72
b) Fixed-interest securities and debt
register receivables .............. 389,841,589.13 357,301,098.12
2,491,443,409.52 2,389,360,856.84
2. Interest expenses .................. 2,103,783,365.73 2,005,496,735.15
387,660,043.79 383,864,121.69
3. Current income from
a) Shares and other non-interestbearing
securities ............... 605,093.36 792,889.41
b) Equity investments in non-affiliated
companies ..................... 4,260,374.41 5,561,935.66
c) Equity investments in affiliated
companies ..................... –.– –.–
4,865,467.77 6,354,825.07
4. Commission income ................ 25,081,128.77 25,624,281.98
5. Commission expenses .............. 13,459,113.11 12,485,132.48
6. Net income from financial
transactions ...................... 2,109,754.84 1,230,345.09
7. Other operating income ............ 41,134,887.96 37,234,241.31
8. General administrative expenses
a) Personnel expenses
aa) Wages and salaries ......... 56,331,911.21 51,901,035.42
ab) Social security, pension and
other benefit and welfare
expenses thereof: for pensions
EUR 8,945,552.10
(7,707,050.11) ............. 22,767,299.91 16,177,612.27
79,099,211.12 68,078,647.69
b) Other general administrative
expenses ...................... 38,311,138.11 33,253,509.08
117,410,349.23 101,332,156.77
9. Depreciation and accumulated
amortization on intangible assets and
tangible assets including property and
equipment ........................ 11,082,488.64 19,309,431.37
10. Other operating expenses ........... 23,436,330.00 8,539,154.54
11. Depreciation and accumulated
amortization on receivables and
certain securities, together with
allowances for possible loan losses .... 132,669,003.32 171,947,306.05
Carried forward: ........................ 162,793,998.83 140,694,633.93
F-52