Annual Financial Statements 2010 of Bank Austria

Notes to the Financial Statements
4.24. Subordinated liabilities assumed
Subordinated liabilities assumed during the year did
not exceed 10% of the total amount of existing
subordinated liabilities.
As at 31 December 2010, subordinated liabilities
included 7 schilling-denominated bonds. Also included
were 45 bonds and 4 time deposits, most of which
have maturities exceeding ten years. The bonds and
time deposits are denominated in EUR, USD, JPY and
GBP.
The total amount of subordinated capital stated in the
balance sheet at 31 December 2010 was EUR
2,794,736,043.68 (31 December 2009: EUR 3,911,837
thsd), including accrued interest payable and interest
allocated to zero-coupon bonds.
The concept of subordination is defined in Section 51
(9) of the Austrian Banking Act.
4.25. Equity
4.25.1. Subscribed share capital
At the Extraordinary General Meeting of UniCredit
Bank Austria AG on 4 March 2010, a resolution was
adopted to increase the company’s share capital by
EUR 212,262,771.60, from EUR 1,468,770,749.80 to
EUR 1,681,033,521.40, through the issue of
29,197,065 no-par value bearer shares and 15 no-par
value registered shares in the pro-rata amount of EUR
7.27 per share. The total amount paid in with respect
to the capital increase, including the share premium,
was EUR 1,999,999,980.00.
After the above-mentioned capital increase, the share
capital of UniCredit Bank Austria AG as at 31
December 2010 was EUR 1,681,033,521.40, divided
into 10,115 no-par value registered shares carrying
voting rights and 231,218,705 no-par value bearer
shares carrying voting rights, with each no-par value
share representing the same proportion of the share
capital.
4.25.2. Authorised capital
Pursuant to a resolution adopted at the Annual
General Meeting on 19 May 2005, the Management
Board was authorised, in accordance with Section 169
of the Austrian Joint Stock Companies Act, to increase
the share capital by up to EUR 534,460,374.90 by
issuing up to 73,515,870 new no-par value shares
against contributions in cash or in kind, excluding or
not excluding subscription rights, until 21 June 2010.
When the authority expired as at 21 June 2010, the
amount of additional authorised capital was up to
EUR 134,610,374.90.
4.25.3. Capital reserves
As at 31 December 2010, capital reserves were stated
at EUR 9,332,128,625.78, up by EUR
1,787,737,208.40
(31 December 2009: EUR 7,544,391 thsd).
4.25.4. Revenue reserves
As at 31 December 2010, the statutory reserve was
shown at EUR 14,534,566.84 and other reserves were
stated at EUR 1,365,180,207.15.
4.25.5. Reserve pursuant to Section 23 (6) of the
Austrian Banking Act (BWG)
The reserve pursuant to Section 23 (6) of the Austrian
Banking Act (BWG) totalled EUR 2,129,748,409.45 as
at 31 December 2010 (31 December 2009: EUR
2,111,291 thsd), an increase of EUR 18,457,327.91
resulting from the integration of part of the operations
of UniCredit CAIB AG.
Bank Austria – Annual Financial Statements 2010 197