Annual Financial Statements 2011 of Bank Austria

Notes to the Financial Statements of UniCredit Bank Austria AG
4.7. Differences between cost and repayable
amount of bonds and other fixed-income
securities
In the case of bonds and other fixed-income securities
which are held as financial fixed assets and for which
cost exceeds the amount repayable, the difference is
amortised over the period to maturity pursuant to
Section 56 (2) of the Austrian Banking Act. At yearend,
the difference to be amortised over the remaining
maturity amounted to EUR 8,114,058.75
(31 December 2010: EUR 19,058 thsd).
In the case of bonds and other fixed-income securities
which are held as financial fixed assets and for which
cost is lower than the amount repayable, a write-up is
made for the difference over the period to maturity
pursuant to Section 56 (3) of the Austrian Banking Act.
Until the balance sheet date, write-ups made in respect
of such differences amounted to EUR 60,461,215.84
(31 December 2010: EUR 43,416 thsd).
4.8. Differences between cost and market value
of securities admitted to trading on an
exchange which are not held as financial
fixed assets
As at 31 December 2011, the market value of
securities held in the trading portfolio was
EUR 9,489.50 (31 December 2010: EUR 19 thsd)
higher than cost.
At the balance sheet date, the market value of listed
securities held to comply with liquidity requirements
was EUR 48,941,290.04 (31 December 2010:
EUR 52,031 thsd) higher than the carrying amount.
4.9. Bonds becoming due in the subsequent year
Assets held in the form of bonds and other fixedincome
securities in the amount of
EUR 4,481,922,144.86 (31 December 2010:
EUR 530,764 thsd) will become due in 2012. Of the
bonds issued, securities in the amount of
EUR 4,744,145,375.91 (31 December 2010:
EUR 3,630,706 thsd) will become due in 2012.
4.10. Trading book
In the 2011 financial year, UniCredit Bank Austria AG
maintained a trading book within the meaning of
Section 22n-q of the Austrian Banking Act. The
volume of the trading book amounted to
EUR 84,895,707,696.75 (31 December 2010:
EUR 107,251,491 thsd).
Of this total, securities carried in the balance sheet
account for EUR 538,500.07 (31 December 2010:
EUR 87,405 thsd), money market instruments were
EUR 808,341,525.98 (31 December 2010:
EUR 11,214,320 thsd) and other financial instruments
accounted for EUR 84,086,827,670.70 (31 December
2010: EUR 95,949,767 thsd).
Securities and money market instruments were
included at book value, and other financial instruments
(financial derivatives) at the notional amounts. The
inclusion of financial derivatives complies with the
reporting guideline applicable to VERA (Report on
Condition and Income), under which interest rate
swaps and currency swaps as well as forward foreign
exchange transactions are to be reported as assets
or liabilities. Compared with transaction-based
inclusion, this results in an additional volume of
EUR 34,195,275,700.13.
4.11. Own shares
There were no sales or purchases of UniCredit Bank
Austria AG ordinary shares in 2011 (2010: no sales or
purchases).
As at 31 December 2011, UniCredit Bank Austria AG
did not hold any of its own shares (31 December 2010:
0).
4.12. Shares in a controlling company
In the reporting year, sales or purchases of UniCredit
S.p.A. ordinary shares as part of customer business
involved 28,320,406 shares (2010: 5,088 thsd shares).
At the balance sheet date, Bank Austria did not hold
any UniCredit S.p.A. shares (31 December 2010: 0).
Bank Austria – Annual Financial Statements 2011 221