Annual Report 2009 - Bawag

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Financial Statements as of 31 December 2009 The other operating income in the amount of EUR 23,865 thousand (2008: EUR 9,104 thousand) includes the following items, among others: in thousands of Euros 2009 Income from the sale of tangible non-current assets 6,568 Rental income 1,529 Damage claims paid to the Bank 12,000 The other operating expenses came to EUR 5,060 thousand (2008: EUR 4,046 thousand) and include EUR 3,247 thousand for expenses connected to the sale of properties. The Bank’s owner made a capital contribution of EUR 205 million to cover expenses, which is recognised in item 11/12. When the net expenses from the disposal and valuation of receivables, from securities held as current assets, and from contingent liabilities and commitments are adjusted, risk provisions for the financial year come to EUR 250,315 thousand (2008: EUR 263,339 thousand). The significant loss reported under item 13/14 in 2008 was due to the sale of securities to a subsidiary (EUR 510,073 thousand). This one-off effect did not occur in the reporting period. Write-downs on equity interests totalled EUR 56,440 thousand. As the parent of the taxable group, BAWAG P.S.K. received tax contributions that led to a positive tax balance in financial year 2009. 30
Financial Statements as of 31 December 2009 Staff, Boards and Officers Our average headcount during the 2009 financial year was 4,344 (2008: 4,379 employees), all of whom were salaried staff. This headcount includes 176 employees (2008: 250 employees) who are employed by BAWAG P.S.K. but who are assigned to P.S.K. Zahlungsverkehrsabwicklungs GmbH. Expenses for staff benefit fund contributions in financial year 2009 totalled EUR 790 thousand (2008: EUR 488 thousand). Expenses for remuneration paid to active members of the Managing Board during the financial year came to EUR 6,662 thousand (2008: EUR 7,108 thousand). Expenses for post-employment benefits for former members of the Managing Board and their surviving dependents came to EUR 2,414 thousand. Due to the death of beneficiaries, provisions were released and resulted in earnings of EUR 1,669 thousand in 2009 (2008: expenses of EUR 2,765 thousand). No bonuses were paid to members of the Managing Board for 2009. Remuneration of members of the Supervisory Board came to EUR 308 thousand (2008: EUR 289 thousand). Expenditures for severance pay and post-employment benefits for the Managing Board and key management personnel came to EUR 11,549 thousand (2008: EUR 16,760 thousand). Expenditures with respect to other employees came to EUR 39,400 thousand (2008: EUR 35,214 thousand). As of the balance sheet date, there were no outstanding loans to the members of the Managing Board (2008: no outstanding loans). Loans to members of the Supervisory Board totalled EUR 66 thousand (2008: EUR 42 thousand). Repayments of loans granted to board members took place as contractually agreed. A list of the boards and officers of BAWAG P.S.K. can be found in a separate annex at the end of the notes. 31
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Owner and publisher BAWAG P.S.K. Ba
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Annual Report 2009 - Bawag

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