Annual Financial Statements 2011 of Bank Austria

Management Report of UniCredit Bank Austria AG
Key ecological indicators for Bank Austria: 1)
2011 2010
Electricity consumption in KWh incl. computer
operations centre 77,000,000 2)
Heating in KWh (incl. long-distance heating, oil and
natural gas) 50,000,000 2)
80,824,248 3)
55,248,832 3)
C0 2 emissions from electricity and heating in t *) 8,900 9,366
Business travel in km 24,985,198 24,018,073
of which: air travel in km 18,831,252 17,739,435
of which: by car in km 5,442,757 5,560,294
of which: by train in km 711,189 718,344
CO2 emissions due to business travel in t 4)
3,180 3,125
Water consumption in m 3 incl. well water 232,000 290,000
Waste in kg 5)
1,560,343 1,845,905
Paper consumption in kg 896,742 1,021,761
1)
of which: TCF/ECF paper 763,864 964,114
of which: recycling 61,467 21,150
Includes all branches, central office locations and subsidiaries
located there
2)
Projection
3)
In contrast to the projections for 2010 included in the 2010
report, these figures are effective consumption data for 2010.
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 bank’s capital resources of € 13,546 m are composed of Tier 1
capital (core capital), Tier 2 capital (supplementary capital
resources) and Tier 3 capital.
Tier 3 capital amounts to € 132 m; in addition, unused Tier 2 capital
of € 535 m is available for reclassification into Tier 3 capital.
Tier 1 capital is equal to 104.8 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. 2011 31 Dec. 2010
Paid-in capital 1,681 1,681
Capital reserves 9,332 9,332
Other reserves eligible as Tier 1 capital 3,101 3,587
Fund for general banking risks 0 0
Less: own shares 0 0
Less: intangible assets -59 -81
Tier 1 capital 14,055 14,519
Net valuation reserve 0 0
Net supplementary capital 392 445
Net subordinated capital 1,919 2,059
Tier 2 capital 2,311 2,504
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% -1,112 -1,204
Less: subordinated claims where the holdings exceed 10% -40 -45
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% -1,390 -1,968
Less: IRB provision shortfall -328 -587
Net capital resources 13,414 13,137
Tier 3 capital 132 96
13,546 13,233
Capital requirement
Amounts in € m 31 Dec. 2011 31 Dec. 2010
Capital requirement for credit risk pursuant to Sections 22a-22h of the
Austrian Banking Act
5,286 5,521
Capital requirement for settlement risk 0 0
Capital requirement for position risk in debt instruments, equities,
foreign currencies and commodities
132 96
Capital requirement for operational risk 294 273
Capital requirement resulting from switch to Basel 2 rules (Section
103e, no. 6, of the Austrian Banking Act)
0 0
Total capital requirement 5,712 5,890
Net capital resources composed of Tier 1 capital and Tier 2 capital
(€ 13,414 m) exceed by 153.8% the capital requirement for credit
risk (€ 5,286 m).
Tier 1 capital amounts to € 14,055 m and would on its own suffice
to cover the entire capital requirement.
1.6. Information on the share capital and the exercise of
special rights
The subscribed capital of UniCredit Bank Austria AG as at 31
December 2011 amounted to € 1,681,033,521.40 and consisted
solely of ordinary shares.
As at 31 December 2011, UniCredit S.p.A. held a direct interest of
99.996% in UniCredit Bank Austria AG.
The registered shares held by “Privatstiftung zur Verwaltung von
Anteilsrechten” (“AVZ Stiftung”, a private foundation under Austrian
law) and by “Betriebsratsfonds des Betriebsrats der Angestellten
der UniCredit Bank Austria AG Region Wien” (“Betriebsratsfonds”)
[the Employees’ Council Fund of the Employees’ Council of
UniCredit Bank Austria AG for the Vienna area (the Employees’
Council Fund)] have a long tradition and carry special rights for
historical reasons: for specific important resolutions to be adopted
at a general meeting of shareholders, the registered shareholders
have to be present when the resolutions are adopted. The relevant
resolutions are specified in Article 20 (13) and (14) of the bank’s
Articles of Association.
Bank Austria – Annual Financial Statements 2011 194