Dresdner Bank - Commerzbank International SA

Dresdner Bank Luxembourg S.A. Annual Report 2008
48
Profit and Loss Account for the Financial Year 2008
Expenses (in €)
2008 2007
Interest payable and similar charges 438,447,796.30 523,490,664.51
Commissions payable 8,064,857.10 7,174,695.38
Net loss on financial operations 0.00 0.00
General administrative expenses 58,493,063.65 60,485,955.64
a) Staff costs 40,143,655.58 40,710,013.92
Of which: Salaries and wages 31,609,333.33 30,620,628.46
Social security costs 4,816,895.21 6,146,328.83
Of which: For pensions 1,942,064.66 3,300,757.33
b) Other administrative expenses 18,349,408.07 19,775,941.72
Value adjustments in respect of intangible and tangible assets 1,342,870.02 3,709,056.79
Other operating expenses
Value adjustments in respect of loans and advances and provisions for
53,708,579.75 4,753,924.60
contingent liabilities and for commitments
Value adjustments in respect of transferable securities held as financial
414,000.00 506,179.07
fixed assets, participating interests and shares in affiliated undertakings 5,000,000.00 0.00
Transfer to special item with partial reserve character 0.00 0.00
Tax on profit on ordinary activities 44,476,826.57 19,937,753.10
Profit on ordinary activities after tax 317,763,212.97 62,073,576.81
Other taxes not shown under the preceding items 45,140.95 28,760.47
Profit for the financial year 317,718,072.02 62,044,816.34
Total expenses 927,711,206.36 682,131,805.90