28Items below the bottom line:Balance as at 31.12.<strong>2007</strong> Balance as at 31.12.06eur eur thou. EUR thou. EURASSETS:1. Foreign assets 08,819,760.53 424,865LIABILITIES:1. Foreign assets 156,630,455.85 146,702thereof:a) Acceptedand endorsedbillssold (0.00) (0)b) Liabilities fromindemnity agreementsand guarantees (156,504,276.48) (146,678)2. Credit risks 257,994,890.72 210,815thereof: Liabilitiesfrom repo business (0.00) (0)3. Liabilitiesfrom trust business 0.00 04. Reserves pursuantto § 23 Section 6 14 320,845,524.81 316,334thereof: Deductible equity pursuantto § 23 Section 14, Item 7 (0.00) (0)5. Required equity pursuantto § 22 Section 1 227,818,287.02 216,704thereof: Equity pursuant to § 22,Section 1, Items 1 and 4 (227,580,287.02) (215,622)6. Foreign assets 364,117,746.15 421,7057. Hybrid capital pursuant to § 24 Section 2,Items 5 and 6 0.00 0
29Annual financial statementsProfit and loss calculation <strong>2007</strong><strong>2007</strong> 2006eur eur thou. EUR thou. EUR1. Interest and interest-related income 193,665,602.92 148,387thereof:From fixed interest securities (10,283,283.31) (5,889)2. Interest and interest-related income 148,903,583.18 108,077I. Net interest income 44,762,019.74 40,3103. Income from securitiesand investmentsa) Income from shares,otherstock rights andnon-fixed interest securities 3,062,784.97 2,788b) Income from investments 8,157,641.67 7,530c) Income from sharesin affiliated companies 1,709,144.42 12,929,571.06 1,017 11,3354. Income from commission 39,818,639.74 37,2435. Expenses on commission 9,533,264.45 9,2056. Income/expensesfrom financial business 2,705,672.08 2,4267. Other operating income 10,588,863.86 13,501II. Operating income 101,271,502.03 95,6108. General administrativeexpensesa) Personnel expenses 39,977,358.37 38,377thereof:aa) Wages and salaries (26,432,793.15) (24,145)ab) Expenses for legallyrequiredsocial securitycontributions andpayroll taxes (6,786,339.32) (6,617)ac) Other social expenses (2,107,529.98) (2,422)ad) Expenses for pension schemesand support (2,573,542.98) (2,617)ae) Allocations to the provisionsfor pensions (904,249.58) (1,538)af) Allocations to the provisionsfor severance paymentsto employee pensionfunds (1,172,903.36) (1,038)b) Other administrativeexpenses (material costs) 20,618,050.11 60,595,408.48 19,578 57,9559. Provisions for assetscontained in the assetside Items 9 and 10 4,426,877.15 5,67210. Other operatingexpenses 1,021,303.86 2,480III. Operating expenses ,043,589.49 ,107IV. Operating result 35,227,912.54 29,503