AnnuAl report 2007 - Raiffeisen Landesbank Tirol

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30Profit and loss calculation 2007 - Page 22007 2006eur eur thou. EUR thou. EURIV. Operating result Carry forward 35,227,912.54 Carry forward 29,50311./12. Balance from reversalsfrom the provisionsfor loans andcertain securitiesand the provision forcontingent liabilitiesand loan risks,and allocationsand certain securitiesand the provision for contingentliabilities and loan risks. -13,798,460.55 -17,38613./14. Balance from reversalsfrom the provisionsfor securities whichare reported as financialassets as well asinvestments and sharesin affiliated companies,and allocations to theprovisions for securitieswhich are reportedas financial assets as well asinvestments and sharesin affiliated companies -3,883,748.11 3,756V. Result from ordinary business activities 17,545,703.88 15,87315. Extraordinary income 0,00 0thereof: Withdrawalsfrom the fund for general bank risks (0,00) (0)16. Extraordinary income 0,00 0thereof: Allocations to the fundfor general bank risks (0,00) (0)17. Extraordinary result(sub-total fromItems 15 and 16) 0,00 018. Taxes on incomeand earnings -169,117.09 -76719. Other taxes unless reportedunder Item 18 -357,845.90 -703VI. Net profit 17,018,740.89 14,40320. Movements in the reserves -11,423,856.05 -9,603thereof:Allocation to the legal reserve (1,500,000.00) (390)Reversal from the legal reserve (0.00) (0)VII. Net income 5,594,884.84 4,80021. Profit brought forward ,047.07 VIII. Profit for the year 5,600,931.91 4,806
31AppendixAnnual financial statementsAccounting andvaluation principlesGeneral principlesThe annual financial statements weredrawn up in line with the principlesof orderly accounting, as well as thegenerally accepted standard thata true and fair view of the assets,financial position and profitability ofthe company be provided. The principleof completeness was observedduring the preparation of the annualfinancial statements.The principle of individual valuationwas observed during the valuationof the various assets and debts andthe going concern principle was assumed.The due diligence principle was observedand only those profits realisedon the balance sheet date werereported. All recognisable risks andimpending losses were taken intoaccount.Currency translationThe currencies of the member statesin the Currency Union were reportedat a fixed translation rate.In accordance with § 58 Section 1 ofthe Austrian Banking Act, amountsin foreign currencies are translatedaccording to the ECB reference rates,except where published at meanexchange rates (RZB fixing).Currency forward transactions aretranslated at the forward rate on thebalance sheet date in accordancewith § 58 Section 2 of the AustrianBanking Act.SecuritiesFixed interest securities in the fixedassets were valued according to themoderated lower of cost or marketprinciple in accordance with § 56Section 2 of the Austrian Banking Act.Other securities in the fixed assetswere valued according to the strictlower of cost or market principle.Securities serving as cover stock fortrust funds were regarded as fixed assetsand valued according to the strictlower of cost or market method pursuantto § 2 Section 3 of the AustrianTrust Fund Security Act.Trading stock and current assets werevalued according to the strict lower ofcost or market method in accordancewith § 207 of the Austrian CommercialCode. Current asset securitiesemployed as cover for own issueswere valued according to the marketvalue. The securities derived fromown issues contained in the currentassets were reported at redemptionvalue.Loans, contingent liabilities andcredit risksIndividual value adjustments andprovisions were made for recognisablerisks in the case of borrowers.Additional charges are recognised asincome in the year of the loanallocation.InvestmentsInvestments were valued at historiccost of acquisition. Extraordinarydepreciation was undertaken wherea permanent loss of value seemedprobable as a consequence of the reducedequity and/or reduced incomederived from continuing losses.➜
Page 1 and 2: Raiffeisen-Landesbank Tirol AGAnnua
Page 3 and 4: ContentspageForeword of the Board o
Page 5 and 6: 0Foreword of the Board of Managing
Page 7 and 8: 0Foreword of theChairman of the Sup
Page 9 and 10: 0Raiffeisen-Landesbank Tirol AGA mo
Page 11 and 12: 11Raiffeisen-Landesbank Tirol AGPro
Page 13 and 14: Managementreport13
Page 15 and 16: 15Management reportAsia the big win
Page 17 and 18: 17Management reportLoans to custome
Page 19 and 20: 19Income situationThe development o
Page 21 and 22: 21Management reportThe risk situati
Page 23: 23Management reportOutlook 2008In 2
Page 26 and 27: 26Balance as at 31 December 2007 -
Page 28 and 29: 28Items below the bottom line:Balan
Page 32 and 33: 32➜Tangible and intangible assets
Page 34 and 35: 34SecuritiesThe securities admissib
Page 36 and 37: 36Notes to the profitand loss calcu
Page 38 and 39: 38Assets analysisHistoric cost of a
Page 40 and 41: 40Audit certificateSince there are
Page 42 and 43: 42Info

AnnuAl report 2007 - Raiffeisen Landesbank Tirol

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