GB00_erste lage_E - Erste Group

lower limits defined above, a gradual upward adjustment of the rebate is foreseen (up to a maximum
of 100% of the IPO offer price). The stock options may be exercised within the space of two
years after the lock-up period (between 30 June 2001 and 30 June 2003) and are neither negotiable
nor transferable. The number of stock options that can actually be exercised after the lockup
period will also depend on the return on equity of the Erste Bank Group in 2000. A return on
equity of 10.2% or more means that all stock options can be exercised. A return on equity of 6.8%
or less means that no stock options can be exercised. If ROE is between 6.8% and 10.2% then
a gradually increasing number of stock options can be exercised.
Owing to the results for 2000 all of the stock options can be exercised.
As of 31 December 2000 a total of 806,280 stock options had been issued to eligible employees;
each stock option entitles the holder to subscribe for one Erste Bank share.
26) Other liabilities
in EUR million 2000 1999
Trading liabilities
Currency transactions 50 3
Interest rate transactions 230 51
Other transactions 2 2
Deferred income 167 77
Accrued interest and commissions 547 470
Sundry liabilities 1,531 834
Total 2,527 1,437
Sundry liabilities include current balances from securities transactions, derivatives and from ongoing
payment transactions as well as other offset liabilities.
27) Subordinated capital
in EUR million 2000 1999
Subordinated liabilities 1,355 1,213
Supplementary capital 1,075 755
Total 2,430 1,968
Erste Bank 2000 91