A4 für Copyshop GB.indd - Bayerische Landesbank

Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts
Segment report as per 31 December 2004
EUR million Corporates
Real Estate
Global Markets
Financial Institutions
& Sovereigns
Savings Banks,
Bavarian Municipals /
Corporates
Labo / LBS
Subsidiaries
strategic to the
Group
Net interest income 413 215 330 95 109 262 763 – 156 2,030
Net commission
income 112 26 8 38 21 29 100 5 340
Administrative
expenses – 144 – 64 – 297 – 41 – 89 – 146 – 378 – 49 – 1,208
Result from financial
transactions 0 0 86 0 6 0 34 0 126
Other operating
result 3 – 3 – 2 0 0 8 83 133 223
Risk provisioning /
revaluation result 101 – 113 – 49 7 39 – 43 – 180 – 323 –561
Operating result 485 62 76 99 86 109 421 – 388 950
Segment assets 31,910 16,858 125,047 38,878 32,444 22,583 65,488 – 106 333,102
Segment liabilities 30,340 16,296 124,575 38,514 32,049 21,100 62,626 2,211 327,711
Risk positions 32,751 13,616 28,356 7,789 8,726 3,841 36,284 – 3,673 127,689
Av. equity capital
disclosed 1,471 527 830 341 370 1,389 2,711 – 2,089 5,550
Return on equity
(RoE in %) 33.0 13.8 12.5 29.0 24.1 8.6 14.1 — 9.5
Cost-income ratio (%) 27.2 26.7 70.3 31.0 65.3 49.0 38.6 — 44.4
Av. staff capacity 228 140 474 100 231 857 3,610 2,852 8,493
For the purposes of internal controlling, an average equity capital disclosed is allo-
cated to the business areas and support operations of each segment, in accordance
with their risk positions, i.e. the risk assets and market risks to be covered according
to the banking supervisory Principle I relating to Section 10 KWG.
The RoE and CIR ratios are used in the segment report to assess the business areas’
performance. The RoE reported is the quotient of the operating result and the allo-
cated average equity capital disclosed. The CIR is the quotient of administrative
expenses and the sum total of the net interest income, net commission income, result
from financial transactions and other operating result. In the 2004 financial year, the
other operating result was included in the CIR for the first time. For ease of compari-
son, given this change, the figures for the previous year have been adjusted accord-
ingly in the segment report of 31 December 2003 as presented here.
Other /
Consolidation
145
Group