Annual Financial Statements 2011 of Bank Austria

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Notes to the Financial Statements of UniCredit Bank Austria AG 4.23. Other liabilities This item includes valuation components, both reflected and not reflected in income, in the amount of EUR 802,695,138.20 (31 December 2010: EUR 1,469,595 thsd) from derivative products. Liabilities resulting from the settlement of Austrian capital yields tax (Kapitalertragsteuer – KESt) totalled EUR 13,405,399.76 (31 December 2010: EUR 14,931 thsd). Liabilities arising from short positions amounted to EUR 47.12 (31 December 2010: EUR 92 thsd). Other liabilities also include accrued expenses in the amount of EUR 2,787,476.00 (31 December 2010: EUR 2,664 thsd). The item also comprises liabilities of EUR 3,426,635.39 (31 December 2010: EUR 1,670 thsd) from the assumption of losses. 4.24. Deferred income As a result of the transfer of structured own issues to the banking book (see item 4.22.) this balance sheet item includes premiums of EUR 112,588,380.02. 4.25. Provisions 4.25.1. Provisions for pensions and severance payments The discount rate applied in 2011 was 5.25 %. The valuation of provisions results in a deficit of EUR 442,699,000.00 (31 December 2010: EUR 630,057 thsd) compared with the amount of pension provisions stated in the balance sheet, and a deficit of EUR 29,105,000.00 (31 December 2010: EUR 42,920 thsd) compared with the amount of provisions for severance payments stated in the balance sheet. The excess amount of EUR 117,760,000.00 resulting in the reporting year from the application of the corridor method will be spread over the average remaining service period in the subsequent year and recognised as an expense on this basis [2012: EUR 23,552,000.00 (pensions) and EUR 0.00 (severance payments)]. The amounts recognised as expenses in 2011 were EUR 58,669,000.00 (pensions) and EUR 2,695,000.00 (severance payments). In the financial year, pension provisions increased by EUR 62,211,000.00. The regular allocation to pension provisions was EUR 3,542,000.00 (2010: EUR 6,586 thsd). In the balance sheet at 31 December 2011, pension provisions were stated at EUR 2,856,359,607.19 (31 December 2010: EUR 2,794,149 thsd). In the financial year, provisions for severance payments rose by EUR 16,287,950.07 (2010: EUR 6,329 thsd). In the balance sheet at 31 December 2011, provisions for severance payments were stated at EUR 267,797,693.63 (31 December 2010: EUR 251,510 thsd). 4.25.2. Other provisions Other provisions 31 Dec. 2011 31 Dec. 2010 (in EUR) (in EUR '000) Provisions for receivables 623,428,844.43 411,926 Provisions for pending losses 472,100,231.84 306,267 Provisions for equity interests 9,021,360.00 38,136 Provisions for indeterminate liabilities 263,508,318.17 248,541 Restructuring provisions 13,000,000.00 3,000 Total 1,381,058,754.44 1,007,870 Provisions for indeterminate liabilities include provisions related to payroll accounting and provisions for legal costs and experts’ fees. 4.26. Subordinated liabilities assumed Subordinated liabilities assumed during the year did not exceed 10% of the total amount of existing subordinated liabilities. As at 31 December 2011, subordinated liabilities included 38 bonds and 4 time deposits, most of which have maturities exceeding ten years. The bonds and time deposits are denominated in USD, JPY and EUR. The total amount of subordinated capital stated in the balance sheet at 31 December 2011 was EUR 2,619,018,451.84 (31 December 2010: EUR 2,794,736 thsd), including accrued interest payable and interest allocated to zero-coupon bonds. The concept of subordination is defined in Section 51 (9) of the Austrian Banking Act. Bank Austria – Annual Financial Statements 2011 224
Notes to the Financial Statements of UniCredit Bank Austria AG 4.27. Equity 4.27.1. Subscribed share capital The share capital of UniCredit Bank Austria AG as at 31 December 2011 was EUR 1,681,033,521.40, unchanged compared with the previous year. The share capital is divided into 10,115 no-par value registered shares carrying voting rights and 231,218,705 no-par value bearer shares carrying voting rights, with each no-par value share representing the same proportion of the share capital. 4.27.2. Capital reserves As at 31 December 2011, capital reserves were stated at EUR 9,332,128,625.78, unchanged compared with the previous year. 4.27.3. Revenue reserves As at 31 December 2011, the statutory reserve was shown at EUR 14,534,566.84, unchanged compared with the previous year. Other reserves were stated at EUR 879,363,292.82 (31 December 2010: EUR 1,365,180 thsd). 4.27.4. Reserve pursuant to Section 23 (6) of the Austrian Banking Act (BWG) As at 31 December 2011, the reserve pursuant to Section 23 (6) of the Austrian Banking Act (BWG) was EUR 2,129,748,409.45, unchanged compared with the previous year. 4.27.5. Untaxed reserves The valuation reserve resulting from special depreciation was reduced by EUR 16,597.00 to EUR 77,734,238.75 (31 December 2010: EUR 77,751 thsd). The composition of and changes in untaxed reserves are shown in the table below. 4.28. Supplementary capital pursuant to Section 23 (7) of the Austrian Banking Act (BWG) As at 31 December 2011, supplementary capital amounted to EUR 446,982,499.40 (31 December 2010: EUR 452,810 thsd). 4.29. Cross-holdings There are no cross-holdings within the meaning of Section 240, item 9, of the Austrian Business Code. 4.30. Assets pledged as security Assets pledged as security pursuant to Section 64 (1) 8 of the Austrian Banking Act (BWG) 31 Dec. 2011 31 Dec. 2010 (in EUR) (in EUR '000) Cover fund for deposits held in trust for wards and included in liabilities item 2a) 125,264,085.88 125,010 Cover fund for mortgage bonds and public sector mortgage bonds included in liabilities item 3a) 10,285,491,202.32 7,874,463 for own bonds and medium-term notes included in liabilities item 3a) 56,370,888.94 104,144 Total 10,467,126,177.14 8,103,617 Security provided in favour of Oesterreichische Kontrollbank AG (OeKB) for the settlement of securities transactions 35,120,689.95 50,356 Margin requirement in favour of various business partners 101,157,549.42 1,275,982 Claims etc. assigned in favour of OeKB, security deposit with Oesterreichische Nationalbank 5,095,356,057.41 3,192,923 Claims assigned in favour of European Investment Bank, KfW , Oesterreichische Nationalbank; securities pledged 6,752,926,913.04 6,844,441 Security provided in favour of clearing systems (Cedel, Euroclear, Xetra) 114,548,361.21 128,373 Off-balance sheet transactions 4,317,969,063.30 4,706,898 Security provided for securities lending 0.00 253,952 Assets pledged in favour of foreign credit institutions and financial institutions which are group companies 257,990,117.70 197,350 Total 16,675,068,752.03 16,650,275 Aggregate total 27,142,194,929.17 24,753,892 The balance sheet item “Savings deposits“ includes deposits held in trust for wards in the amount of EUR 116,170,566.56 (31 December 2010: EUR 111,990 thsd). Movement in valuation reserve and other untaxed reserves as at 31 December 2011 (in EUR) 31 Dec. 2010 Transfers Allocations Releases 31 Dec. 2011 1. Valuation reserve resulting from special depreciation Reserve pursuant to Section 12 of the Austrian Income Tax Act (EStG) Securities 0.00 0.00 0.00 0.00 0.00 Equity interests 83,153.22 0.00 0.00 0.00 83,153.22 Shares in group companies 77,210,933.06 0.00 0.00 0.00 77,210,933.06 Land and buildings 18,066.47 -10,951.80 0.00 0.00 7,114.67 Other tangible fixed assets 76,208.80 0.00 0.00 0.00 76,208.80 Valuation reserve pursuant to Sections 8 and 122 of the Austrian Income Tax Act (EStG) 77,388,361.55 -10,951.80 0.00 0.00 77,377,409.75 Land and buildings 362,474.20 10,951.80 0.00 -16,597.00 356,829.00 Other tangible fixed assets 0.00 0.00 0.00 0.00 0.00 362,474.20 10,951.80 0.00 -16,597.00 356,829.00 Total 1 77,750,835.75 0.00 0.00 -16,597.00 77,734,238.75 2. Other untaxed reserves Untaxed reserves 0.00 0.00 0.00 0.00 0.00 Total 2 0.00 0.00 0.00 0.00 0.00 Aggregate total 77,750,835.75 0.00 0.00 -16,597.00 77,734,238.75 Bank Austria – Annual Financial Statements 2011 225
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Annual Financial Statements 2011 of Bank Austria

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