A4 für Copyshop GB.indd - Bayerische Landesbank

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146 Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts Note on delimitation of segments in accordance with DRS 3.25 (German Accounting Standards) The Corporates segment serves large SME corporate customers in Germany as well as multinationals in Germany and in the Bank’s core markets of Europe, North America and Asia. The Real Estate segment comprises BayernLB’s commercial and residential real estate customers at both national and international levels. The Global Markets segment bundles all trading and issuing activities as well as the BayernLB Treasury. The Financial Institutions & Sovereigns segment encompasses worldwide business rela- tions with banks, insurance companies and other institutional customers, as well as government and non-Bavarian municipal customers. The Savings Banks, Bavarian Municipals / Corporates segment, acting as an interface, comprises all of BayernLB’s activities in supporting the Bavarian savings banks as well as Bavarian municipal and corporate customers. The Labo / LBS segment is made up of BayernLB’s legally dependent institutions, <strong>Bayerische</strong> Landesbodenkreditanstalt (Labo) and <strong>Bayerische</strong> Landesbausparkasse (LBS). The segment Subsidiaries strategic to the Group encompasses all consolidated subsidiaries of the BayernLB Group, including the capital investment company Bayern-Invest. The business activities of the Bank’s subsidiaries are focused on universal banking business, including retail / private banking and investment consulting. The Other / Consolidation segment comprises, in addition to consolidation effects, the profit contributions of our Corporate Center, Risk Office and Corporate Services Sup- port Operations, which are not allocated to the business areas according to the causa- tion principle. Primarily concerned here are the results of participations allocated to the support operations, as well as expenditure on the management of these participations. This segment also includes cross-divisional transactions whose contribution to the overall profit is allocable to neither business areas nor support operations.
Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts In order to provide a breakdown of BayernLB’s regional business activities, primary segmentation has been extended to include secondary segmentation by region. In regional segmentation, activities are broken down by the systematically formulated focal points of our business worldwide. The regional segments generated the follow- ing individual profit contributions: Segment report by region as per 31 December 2003 EUR million Germany Result before risk provisioning / revaluation result 795 368 322 107 – 40 1,552 Risk provisioning / revaluation result – 803 13 – 147 – 40 – 28 – 1,005 Operating result – 8 381 175 68 – 68 547 Risk positions 106,832 26,887 10,658 5,650 – 12,784 137,242 Cost-income ratio (%) 53.3 33.2 14.6 19.0 — 43.3 Av. staff capacity 6,491 1,869 217 220 — 8,797 Segment report by region as per 31 December 2004 EUR million Germany Result before risk provisioning / revaluation result 915 427 244 61 – 136 1,511 Risk provisioning / revaluation result – 599 – 1 62 96 – 120 – 561 Operating result 317 426 306 157 – 256 950 Risk positions 97,191 27,091 8,938 2,879 – 8,410 127,689 Cost-income ratio (%) 50.4 34.0 15.0 17.7 — 44.4 Av. staff capacity 6,170 1,978 185 160 — 8,493 Europe (excl. Germany) Europe (excl. Germany) Within the framework of BayernLB’s control systems, equity is not allocated to regions, but rather exclusively to business areas and support operations. America America Asia / Pacific Asia / Pacific Consolidation Consolidation 147 Group Group
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Annual Report and Accounts 2004
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LBS Bayern Corporates Business Area
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Clear figures. Clear objectives. Th
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Foreword by the Board of Management
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1 Board of Management and executive
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Dr. Rudolf Hanisch born in 1946, De
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In transforming its business model,
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Sparkassen-Finanzgruppe Bayern Baye
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Financial Statements Audit Committe
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Norbert Kastner Lord Mayor of the C
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2 Economic situation
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(Hartz IV) contributed to an overal
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An open mind. Clarity. Inspiration.
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30 BayernLB - our company } BayernL
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32 BayernLB - our company } Restruc
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34 BayernLB - our company } Cross-b
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36 BayernLB - our company } Lead ar
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38 BayernLB - our company } Coopera
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40 BayernLB - our company Real Esta
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42 BayernLB - our company Activitie
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46 BayernLB - our company New issue
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48 BayernLB - our company and the U
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50 BayernLB - our company Savings B
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54 BayernLB - our company } LBS Bay
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56 BayernLB - our company } Moderni
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58 BayernLB - our company Group ret
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60 BayernLB - our company In 2004,
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62 BayernLB - our company Support o
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64 BayernLB - our company Landesban
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66 BayernLB - our company Magyar K
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68 BayernLB - our company Banque LB
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70 BayernLB - our company LB(Swiss)
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72 BayernLB - our company Corporate
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74 BayernLB - our company } Shared
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76 BayernLB - our company } Target
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78 BayernLB - our company Our staff
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80 BayernLB - our company Fostering
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82 BayernLB - our company Public se
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84 BayernLB - our company DKB and S
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A product is only as good as the to
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4 Report on the Bank and the Group
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position and serves as a bridgehead
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Management report Assets, liabiliti
Page 99 and 100: Funding EUR billion Due to banks -
Page 101 and 102: EUR million 1.1. - 31.12.2004 Bayer
Page 103 and 104: Group operating expenses were down
Page 105 and 106: In the 2004 financial year, the ope
Page 107 and 108: Outlook The forecasts relating to t
Page 109 and 110: Strategy / rating Upon withdrawal o
Page 111 and 112: BayernLB’s subsidiaries (Hungaria
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Page 117 and 118: Net exposure of the Group by countr
Page 119 and 120: Market price risk Market risk compr
Page 121 and 122: Operational risk BayernLB defines o
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Page 127 and 128: 5 Report by the Board of Administra
Page 129 and 130: Report by the Board of Administrati
Page 133 and 134: Liabilities 1. Due to banks a) Paya
Page 135 and 136: Liabilities Report by the Board of
Page 139 and 140: Liabilities 1. Due to banks a) Paya
Page 141 and 142: Liabilities Report by the Board of
Page 149: Report by the Board of Administrati
Page 185: Complex enterprises demand reliabil
Page 188 and 189: 184 Advisory Boards and addresses T
Page 190 and 191: 186 Advisory Boards and addresses D
Page 192 and 193: 188 Advisory Boards and addresses B
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Page 198: Bayerische Landesbank Brienner Stra
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