A4 für Copyshop GB.indd - Bayerische Landesbank

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154 Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts Tangible assets EUR million This item includes: • Land and buildings used for own operations • Office furniture and equipment Other assets EUR million This item includes: • Premium claims from credit derivatives • Premium from credit derivatives not yet received • Claims on the German Tax Authorities Deferred taxes EUR million BayernLB Group 2004 2003 2004 2003 104 47 107 94 153 64 BayernLB Group 158 115 2004 2003 2004 2003 737 693 176 574 573 433 738 694 160 BayernLB Group 574 573 450 2004 2003 2004 2003 Deferred taxes 263 419 324 431 At BayernLB, deferred taxes have been disclosed pursuant to Section 274 H<strong>GB</strong>. At Group level, deferred taxes have been combined pursuant to Sections 274 and 306 H<strong>GB</strong>. The figures have been computed on the basis of the income tax rates which apply in the case of the respective consolidated companies. The deferred taxes are largely due to the fact that the impact of the German Tax Relief Act 1999 / 2000 / 2002 and the non-recognition for tax purposes of provisions for antici- pated unrealised losses have been taken into account. Deferred income EUR million This item includes: • Premium on receivables • Discount on liabilities BayernLB Group 2004 2003 2004 2003 306 280 356 395 324 301 378 419
Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts Changes in fixed assets and investments EUR million Purchase / BayernLB Investments manufacturing costs Additions Disposals Changes +/ – * Transfers Appreciation Depreciation / write-downs (accumulated) Net book value 31. 12. 2004 Net book value 31. 12. 2003 – 1,071 999 2,070 Shares in affiliated companies + 206 3,417 3,211 Investment securities – 3,807 10,157 13,964 155 Depreciation / write-downs for financial year Intangible assets — 17 5 102 — 88 26 — 14 Tangible assets 571 6 42 – 102 — 282 151 203 28 Other fixed assets 22 — — — — 5 17 17 — Group Investments Changes +/ – * – 343 1,329 1,672 Investments in associated companies – 562 25 587 Shares in affiliated companies – 241 1,085 1,326 Investment securities – 4,114 11,911 16,025 Intangible assets — 20 8 118 — 100 30 — 17 Tangible assets 746 17 48 – 118 — 374 223 281 40 Other fixed assets 24 — — — — 5 19 19 — * The aggregation option pursuant to Section 34, Sub-section 3 RechKredV was utilised.
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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
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Funding EUR billion Due to banks -
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EUR million 1.1. - 31.12.2004 Bayer
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Group operating expenses were down
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In the 2004 financial year, the ope
Page 107 and 108: Outlook The forecasts relating to t
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Page 111 and 112: BayernLB’s subsidiaries (Hungaria
Page 113 and 114: Gross exposure by Group entity [%]
Page 115 and 116: Investment risk Similarly to counte
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 157: 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
Page 194: 190 Advisory Boards and addresses S
Page 198: Bayerische Landesbank Brienner Stra
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