A4 für Copyshop GB.indd - Bayerische Landesbank

172 Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts
Disclosures relating to the profit and loss statement of the BayernLB
and the consolidated profit and loss statement
Other operating income and expenses
The main items included under Other operating income are earnings from tax refunds
of EUR 140 million for BayernLB and EUR 145 million for the Group (EUR 142 million
for the BayernLB and EUR 145 million for the Group in the previous year) as well as
earnings from the write-back of other provisions worth EUR 23 million at BayernLB and
EUR 26 million at Group level (EUR 27 million and EUR 30 million respectively in the
previous year).
Other operating income also includes one-off earnings of EUR 123 million posted by
Deutsche Kreditbank Aktiengesellschaft, Berlin. This amount resulted from the early
termination of payment obligations under the D-Markbilanzgesetz (DMBilG – legisla-
tion created in connection with German reunification) and, consequently, the neces-
sary review of reserves and valuation of residual risks at the Bank.
The main items included under Other operating expenses constitute expenditure on
provisioning measures affecting holdings of the Deutsche Kreditbank Aktiengesell-
schaft, Berlin.
Extraordinary expenses
This position includes in particular the payment of EUR 320 million to the Free State of
Bavaria upon termination of the EU state aid proceedings.
Taxes on income and earnings
Taxes disclosed on income and earnings relate to the result from ordinary business.
The tax position is also influenced by the writing back of tax deferrals.
Geographical markets
EUR million
The total amount of income disclosed
in items 1, 3, 5, 7 and 8 breaks down
into the following geographical
markets:
• Germany
• Europe (excluding Germany)
• Americas
• Asia
BayernLB Group
2004 2003 2004 2003
8,766
919
818
236
9,058
1,119
1,095
327
10,233
1,913
818
239
10,351
1,917
1,094
332