Annual Financial Statements 2010 of Bank Austria

Management Report of UniCredit Bank Austria AG
Key ecological indicators for Bank Austria: 1)
Electricity consumption in KWh incl. computer
operations centre 83,000,000 2)
89,509,114 3)
Heating in KWh (incl. long-distance heating, oil and
natural gas) 55,100,000 2)
52,383,439 3)
C02 emissions from electricity and heating in t * 9,366 25,736
Business travel in km 24,018,073 22,285,340
of which: air travel in km 17,739,435 15,975,899
of which: by car in km 5,560,294 5,543,793
of which: by train in km 718,344 765,648
CO2 emissions due to business travel in t 4)
3,125 2,942
Water consumption in m 3 incl. well water 290,000 315,000
Waste in kg 5)
2010 2009
1,845,905 2,253,622
Paper consumption in kg 1,021,761 1,069,690
of which: TCF/ECF paper 964,114 1,017,140
of which: recycling 21,150 21,970
1)
Includes all branches, central office locations and subsidiaries
located there
2)
Projection
3)
In contrast to the projections for 2009 included in the 2009 Annual
Report, these figures are effective consumption data for 2009.
This explains why they differ from the projections.
4)
Determined on the basis of conversion factors from: GHG
Protocol Initiative “CO2 emissions from business travel” version
2.0
5)
As the company canteen was sold, kitchen waste is no longer
included in the data.
*) Since the beginning of 2010, all electricity supplied to Bank
Austria has come from renewable sources of energy.
1.5. Capital resources and capital requirement of UniCredit
Bank Austria AG
The increase of about € 2 bn in Tier 1 capital is due to a capital
increase in 2010.
The bank’s capital resources of € 13,233 m are composed of Tier 1
capital, Tier 2 capital (supplementary capital resources) and Tier 3
capital.
Tier 3 capital amounts to € 96 m; in addition, unused Tier 2 capital of
€ 558 m is available for reclassification into Tier 3 capital.
Tier 1 capital is equal to 110.5 per cent of net capital resources.
The comparative figures show the development of capital resources
of UniCredit Bank Austria AG:
Amounts in € m 31 Dec. 2010 31 Dec. 2009
Paid-in capital 1,681 1,469
Capital reserves 9,332 7,544
Other reserves eligible as Tier 1 capital 3,587 3,569
Fund for general banking risks 0 0
Less: own shares 0 0
Less: intangible assets -81 -106
Tier 1 capital 14,519 12,476
Net valuation reserve 0 0
Net supplementary capital 445 484
Net subordinated capital 2,059 2,181
Tier 2 capital 2,504 2,665
Less: carrying value of shares where the equity interest is 10%
or less (excess over free amount) 0 0
Less: carrying value of shares where the equity interest exceeds
10% -1,204 -1,121
Less: subordinated claims where the holdings exceed 10% -45 -46
Less: carrying value of equity interests and capital components
of insurance companies -82 -82
Less: settlement risk 0 0
Less: securitisation exposure with a risk weighting of 1.250% -1,968 -1,434
Less: IRB provision shortfall -587 -287
Net capital resources 13,137 12,171
Tier 3 capital 96 116
13,233 12,287
Capital requirement
Amounts in € m 31 Dec. 2010 31 Dec. 2009
Capital requirement for credit risk pursuant to Sections
22a-22h of the Austrian Banking Act 5,521 5,256
Capital requirement for settlement risk - -
Capital requirement for position risk in debt instruments,
equities, foreign currencies and commodities 96 116
Capital requirement for operational risk 273 189
Capital requirement resulting from switch to Basel 2
rules (Section 103e, no. 6, of the Austrian Banking Act) - -
Total capital requirement 5,890 5,561
Net capital resources composed of Tier 1 capital and Tier 2 capital
(€ 13,137 m) exceed by 137.9% the capital requirement for credit
risk (€ 5,521 m).
Tier 1 capital amounts to € 14,519 m and would on its own suffice to
cover the entire capital requirement.
Bank Austria – Annual Financial Statements 2010 168