Annual Financial Statements 2008 of Bank Austria

Consolidated Financial Statements in accordance with IFRSs
Consolidated Income Statement
of the Bank Austria Group
for the year ended 31 December 2008
(€ m)
(Notes) 2008 2007
Interest income and similar revenues (5) 12,837 10,282
Interest expense and similar charges (5) –8,180 –6,629
Net interest margin 4,657 3,653
Fee and commission income (6) 2,706 2,575
Fee and commission expense (6) –629 –451
Net fees and commissions 2,076 2,124
Dividend income and similar revenue (7) 592 128
Gains and losses on financial assets and liabilities held for trading (8) –375 119
Fair value adjustments in hedge accounting (9) – –
Gains and losses on disposal of: (10) 133 255
a) loans 1 1
b) available-for-sale financial assets 132 252
c) held-to-maturity investments –1 –
d) financial liabilities 1 2
Gains and losses on financial assets/liabilities at fair value through profit or loss (11) –48 15
OperatiNg iNcOme 7,035 6,294
Impairment losses on: (12) –1,096 –502
a) loans –1,019 –507
b) available-for-sale financial assets –25 –3
c) held-to-maturity investments –59 –14
d) other financial assets 8 23
Net income from financial activities 5,939 5,792
Premiums earned (net) (13) 112 115
Other income (net) from insurance activities (14) –86 –82
Net income from financial and insurance activities 5,964 5,825
Administrative costs: –3,621 –3,113
a) staff expense (15) –2,235 –1,840
b) other administrative expense (16) –1,386 –1,273
Provisions for risks and charges (17) –78 –74
Impairment/write-backs on property, plant and equipment (18) –213 –197
Impairment/write-backs on intangible assets (19) –119 –80
Other net operating income (20) 178 184
OperatiNg cOsts –3,854 –3,280
Profit (loss) of associates (21) 412 181
Gains and losses on tangible and intangible assets measured at fair value – –
Impairment of goodwill –1,027 –
Gains and losses on disposal of investments (22) 9 14
tOtal prOfit Or lOss befOre tax frOm cONtiNuiNg OperatiONs 1,505 2,740
Tax expense (income) related to profit or loss from continuing operations (23) –222 –380
Net prOfit Or lOss fOr the year 1,283 2,360
Minorities –139 –106
Net prOfit Or lOss attributable tO the pareNt cOmpaNy 1,144 2,254
Earnings per share (in €, basic and diluted) 5.66 11.69
Bank Austria · Annual Financial Statements 2008
38