Annual Financial Statements 2011 of Bank Austria

Notes to the Financial Statements of UniCredit Bank Austria AG
4.19. Leasing activities
While UniCredit Bank Austria AG was not directly
active as lessor in the leasing business in 2010, its
activities included the extension of loans to leasing
companies.
4.20. Total expenses for the use of tangible fixed
assets not carried as assets
Obligations arising from the use of tangible fixed
assets not carried as assets in the balance sheet
(under leasing and rent agreements) which will
become due in the subsequent period and in the
subsequent five years are indicated in the table below:
Obligations under leasing and rent agreements
31 Dec. 2011 31 Dec. 2010
(in EUR) (in EUR '000)
for the subsequent business year 58,878,733.17 59,728
for the subsequent five business years 304,902,113.68 307,025
4.21. Other assets
4.21.1. Other assets
This item includes valuation components, both
reflected and not reflected in income, of
EUR 681,667,288.77 (31 December 2010:
EUR 689,247 thsd) from derivative products.
Dividends receivable from group companies with which
there are profit pooling arrangements totalled
EUR 66,871,860.19 (31 December 2010: EUR 88,729
thsd).
Claims against the Austrian tax office for companies
(Finanzamt für Körperschaften) totalled
EUR 247,311,339.68 (31 December 2010:
EUR 212,652 thsd).
Other assets also include accrued interest and fee
and commission income in the amount of
EUR 17,421,044.25 (31 December 2010: EUR 19,711
thsd).
4.21.2. Prepaid expenses
This item includes an advance rent payment of
EUR 32,650,167.76 (31 December 2010: EUR 34,552
thsd) for the property in Lassallestrasse 5, 1020
Vienna, and advance rent payments of
EUR 6,515,087.51 (31 December 2010: EUR 7,314
thsd) for various properties.
As a result of the transfer of structured own issues to
the banking book (see item 4.22.) this balance sheet
item includes discounts of EUR 364,667,875.30.
4.22. Debts evidenced by certificates
As at 30 November 2011, structured own issues with a
nominal value of EUR 1,266,676,567.55 were
transferred at market values from the trading book to
the banking book to comply with regulatory
requirements. In the banking book they are stated at
the amount repayable, with the differences between
market value and amount repayable being included in
the item “prepaid expenses” in the case of discounts,
and in the item “deferred income” in the case of
premiums. The related hedging derivatives were also
transferred at the market values from the trading book
to the banking book; in the banking book they form
valuation units together with the related own issues.
Derivatives with positive market values now form an
additional part of the discounts in prepaid expenses,
while derivatives with negative market values now form
an additional part of the premiums in deferred income.
As a result of the transfers of own issues, the amounts
stated in the balance sheet as at 30 November 2011
increased by EUR 253,255,508.59 in item 3a, by EUR
35,883,524.50 in item 3b, by EUR 374,099,555.91 in
prepaid expenses and by EUR 116,048,778.62 in
deferred income.
The transfer of the hedging derivatives from the trading
book to the banking book reduced other assets by
EUR 81,502,917.12 and other liabilities by EUR
112,591,172.92. Credit default swaps entered into for
hedging purposes were also transferred to the banking
book at market values and continue to be covered by
provisions in full.
Bank Austria – Annual Financial Statements 2011 223