Annual Financial Statements 2011 of Bank Austria

Consolidated Financial Statements in accordance with IFRSs
B – Notes to the income statement (CoNTINuED)
Reconciliation of theoretical tax charge to actual tax charge (€ m)
2011 2010
total profit or loss before tax from continuing operations 509 1,146
Applicable tax rate 25% 25%
theoretical tax –127 –286
Different tax rates 115 70
Non-taxable income 23 6
Non-deductible expenses –82 – 94
Prior years and changes in tax rates 45 13
a) effects on current tax –26 14
b) effects on deferred tax 72 –1
Valuation adjustments and non-recognition of deferred taxes –34 27
Write-downs on goodwill –175 –84
Non-taxable foreign income – 1
Other differences –16 –
recOgNised taxes ON iNcOme –250 –348
Effective tax rate 49.2% 30.4%
B.20 – Earnings per share
During the reporting period, no financial instruments with a dilutive effect on the bearer shares were outstanding. Therefore basic earnings per share in
accordance with IAS 33 equal diluted earnings per share in accordance with IAS 33. Earnings per share are calculated on the basis of the average
number of shares outstanding (2011: 231.2 million shares; 2010: 226.3 million shares).
B.21 – Appropriation of profits
After movements in reserves in the amount of € 485,833,511.33 the profit of UniCredit Bank Austria AG for the financial year beginning on
1 January 2011 and ending on 31 December 2011 was € 100,000.00. The profit brought forward from the previous year was € 2,314,164.75. Thus
the profit available for distribution was € 2,414,164.75. The Management Board proposes to the Annual General Meeting that no dividend be paid on
the share capital of € 1,681,033,521.40 and that the total profit of € 2,414,164.75 available for distribution be carried forward to new account.
Bank Austria · Annual Financial Statements 2011
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