Annual Financial Statements 2010 of Bank Austria

Consolidated Financial Statements in accordance with IFRSs
A – Accounting policies (CoNTINuED)
Effects of amendments to IAS 39 and IFRS 7
In accordance with the amendments to IAS 39 and IFRS 7, “Reclassification of Financial Assets“, published in October 2008, and in response to
the rare circumstances presented by the financial market crisis, we reclassified asset-backed securities (ABSs) from financial assets held for trading
into loans and receivables with customers with effect from 1 July 2008 at the fair values determined at that date. Regardless of this fact, the
following disclosure table shows the effects of reclassification by balance sheet item and income statement item.
The effects arising from reclassification are shown in the following table as at 31 December 2010:
Reclassified financial assets: carrying amount, fair value and effects on comprehensive income (€ m)
types Of iNstrumeNts
accOuNtiNg
pOrtfOliO
befOre reclassificatiON
accOuNtiNg
pOrtfOliO after
reclassificatiON
carryiNg
amOuNt
as at
31 dec.
2010
fair Value
as at
31 dec.
2010
iNcOme/expeNses abseNt
reclassificatiON
(befOre taxes)
frOm
measuremeNt Other
iNcOme/expeNses
recOgNised duriNg the
periOd (befOre taxes)
frOm
measuremeNt Other
a. debt securities –1,585 –1,421 90 81 –18 50
HFT AFS –18 –18 1 1 1 1
HFT HTM –43 –46 2 3 – 2
HFT Loans to banks – – – – – –
HFT Loans to customers –1,482 –1,313 88 76 –21 45
AFS Loans to banks – – – – – –
AFS Loans to customers – – – – – –
HTM AFS –42 –43 – – 2 –
b. equity instruments – – – – – –
c. loans – – – – – –
d. units in investment funds – – – – – –
tOtal –1,585 –1,421 90 81 –18 50
A.4.2 – IFRSs which are not yet required to be applied
The following comments relate to new or amended IFRSs issued by the IASB which are not of relevance in the Bank Austria Group or have not
been applied:
IFRS 2 Share-based Payment
In June 2009 the IASB issued an amendment to IFRS 2 concerning accounting for group cash-settled share-based payment transactions.
The amendment is to be applied for the first time for financial years beginning on or after 1 January 2010. The amendment replaces IFRIC 8
and IFRIC 11. Since the beginning of 2009, there have been no new share-based payment programmes in Bank Austria.
IAS 24 Related Party Disclosures
In November 2009 the IASB issued a revised version of IAS 24 Related Party Disclosures (IAS 24 R). IAS 24 R provides a partial exemption from
the disclosure obligations for companies which are controlled, jointly controlled or significantly influenced by a government (“government-related
entities”). IAS 24 R also clarifies the definition of a related party. The revised version of IAS 24 is effective for financial years beginning on or after
1 January 2011; there is no earlier application in Bank Austria.
IAS 32 Financial Instruments: Presentation – Classification of Rights Issues (amended)
The amended IAS 32 is to be applied for financial years beginning on or after 1 February 2010. It amends the definition of a financial liability in
that rights (and specific options or warrants) are to be classified as equity instruments if such rights entitle the holder to acquire a fixed number of
an entity’s equity instruments for a fixed price in any currency and the entity offers such rights pro rata to all of its existing owners of the same
class of its own non-derivative equity instruments.
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