A4 für Copyshop GB.indd - Bayerische Landesbank

144 Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts
Segment report as per 31 December 2003 1 / 2
EUR million Corporates
Segment report for the Group
Principles of segmentation
Primary segmentation is based on BayernLB’s business model and represents the busi-
ness areas, the dependent entities Labo and LBS, and the consolidated subsidiaries.
Profit contributions are allocated to the segments according to the causation principle.
The “Other / Consolidation” segment shows consolidation effects and profit contribu-
tions which are not attributable to the business areas. This includes in particular the
profit contributions made by the support operations, unless these can be allocated to
the operational units according to the causation principle.
Real Estate
Global Markets
Financial Institutions
& Sovereigns
Savings Banks,
Bavarian Municipals /
Corporates
Labo / LBS
Subsidiaries
strategic to the
Group
Net interest income 496 194 591 104 102 286 601 – 205 2,169
Net commission
income 107 27 11 38 0 30 90 39 343
Administrative
expenses – 139 – 65 – 304 – 27 – 83 – 144 – 325 – 99 – 1,185
Result from financial
transactions 0 0 76 0 5 0 0 24 105
Other operating
result – 10 – 2 0 0 0 7 0 124 120
Risk provisioning /
revaluation result – 323 – 404 – 96 0 – 35 – 6 – 238 97 – 1,005
Operating result 133 – 250 279 116 – 11 173 127 – 20 547
Segment assets 38,130 18,379 116,709 38,804 31,654 23,055 61,527 – 14,829 313,431
Risk positions 38,115 14,238 31,209 8,472 8,459 4,307 28,214 4,227 137,242
Av. equity capital
disclosed 1,217 455 997 271 270 1,979 2,912 – 1,771 6,328
Return on equity
(RoE in %) 10.9 – 55.1 28.0 42.8 – 4.1 8.7 4.3 — 4.9
Cost-income ratio (%) 23.4 29.9 44.7 18.8 77.3 44.5 47.1 — 43.3
Av. staff capacity 377 234 546 111 222 877 3,411 3,020 8,797
1 In the previous year, the capital contributions of silent partners were also allocated to business areas / support operations. In 2004, in contrast, only the
sum total of nominal capital, capital reserves (excluding appropriated reserves), revenue reserves and the amount governed by Section 340g of the German
Commercial Code (defined as equity capital disclosed) was allocated. For ease of comparison, in the segment report of 31 December 2003, the return on
equity is adjusted to the allocation method employed in the year under review.
2 In the year under review, in accordance with BayernLB’s control systems, Bayern-Invest Kapitalanlagegesellschaft mbH and BLB Asia Pacific Ltd. were included in
the segment Subsidiaries strategic to the Group. In the previous year, these had been included under the Global Markets segment. For ease of comparison, the
segment report of 31 December 2003 as presented here has been adjusted accordingly.
Other /
Consolidation
Group