GB00_erste lage_E - Erste Group

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2000 CONSOLIDATED FIANCIAL STATEMENTS ACCORDING TO IAS 28) Equity Total equity reported as of 31 December 2000 amounts to EUR 366,349,563.60 in subscribed capital, which is divided into: 50,360,799 voting bearer shares EUR 365,986,199.43 5,000 participation certificates EUR 363,364.17 Total subscribed capital EUR 366,349,563.60 The General Meeting held on 1 June 1999 resolved the conversion of share capital to shares with no par value and to convert nominal capital into euro. The entry in the Commercial Register is dated 6 August 1999. As of that date, the total subscribed capital thus amounts to EUR 322,745,863.10 and is divided into EUR 322,382,498.93 in share capital and EUR 363,364.17 in participation capital. Article 4.4.2. of the Articles of Association authorises the Management Board to increase the share capital from EUR 322,382,498.93 by as much as EUR 65,405,550.75 by issuing 9,000,000 ordinary bearer shares at an issue price of at least EUR 7.27 per share. In accordance with the resolution taken by the Management Board on 10 August 2000, 6,000,000 bearer shares were issued, thereby increasing share capital by EUR 43,603,700.50. This motion was approved by the Supervisory Board on 11 August 2000. The shares issued consisted of no par value voting stock. Following the subscription period for the offering (19 September to 4 October 2000) the final subscription price of EUR 47.00 was fixed on 5 October 2000. The proceeds of the issue of this Secondary Public Offering amounted to EUR 272 million (after issuing costs and taxes). As of the balance sheet date (31 December 2000) the Company held the following authorised and conditional capital: ❚ EUR 43,603,700.50, pursuant to Article 4.4.1. of the Articles of Association for a period of five years from the date of registration of the amendment of the Company’s Articles of Association in the Commercial Register through the issue of 6,000,000 ordinary registered or bearer shares as authorised capital; ❚ EUR 21,801,850.25, pursuant to Article 4.4.2. of the Articles of Association for a period of five years from the date of registration of the amendment of the Company’s Articles of Association in the Commercial Register through the issue of 3,000,000 bearer shares as authorised capital; ❚ EUR 43,603,700.50, pursuant to the Extraordinary General Meeting held on 21 August 1997 a conditional capital increase in case convertible bond holders exercise their conversion rights (bearer shares); ❚ EUR 363,364.17, pursuant to a resolution taken at the General Meeting held on 11 May 2000 as a conditional capital increase in case participation certificate holders exercise their conversion rights (bearer shares). 92 Erste Bank 2000
As all own shares held in the Company’s own portfolio are reported under trading asset, they are not netted with equity. The composition of the Erste Bank Group’s qualifying capital as determined pursuant to the Bank- ing Act showed the following changes over the previous year: in EUR million 2000 1999 Subscribed capital (less shares held in own portfolio) 366 322 Reserves 1,954 1,580 Intangible fixed assets (195) (149) Core capital (Tier 1) 2,125 1,753 Participation capital 0 0 Eligible subordinated liabilities 1,623 1,341 Revaluation reserve 85 91 Qualifying supplementary capital (Tier 2) 1,708 1,432 Short-term subordinated capital (Tier 3) 401 295 Total qualifying capital Deductions acc. to Sections 23 (13) and 29 4,234 3,480 Austrian Banking Act (1–2) (278) (184) Total eligible qualifying capital 3,956 3,296 Capital requirement 2,952 2,440 Surplus capital 1,004 856 Cover ratio in % 134.0 135.1 Tier 1 ratio in % 6.7 6.3 Solvency ratio in % 11.2 10.8 The risk-weighted basis pursuant to Section 22 (1) Banking Act and the resulting capital requirement showed the following changes: in EUR million 2000 1999 Risk-weighted basis acc. to Section 22 Austrian Banking Act 31,879 27,750 Thereof 8% minimum capital requirement Capital requirement for the open foreign exchange 2,550 2,220 position acc. to Section 26 Austrian Banking Act Capital requirement for the trading book 19 28 acc. to Section 22b (1) Austrian Banking Act 383 192 Total capital requirement 2,952 2,440 Erste Bank 2000 93
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The leading financial services prov
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Key figures of Erste Bank share 200
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2000 Annual Report We are Erste Ban
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September ❚ The 24 Styrian branch
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from left to right Franz Hochstrass
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The third factor, the effectiveness
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ution channels. The complete classi
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❚ Operating income ❚ General ad
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❚ Net interest income ❚ Net com
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❚ Securities transactions ❚ Bui
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greater, since some of the staff cu
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▲ Cost-income ratio ■ ROE ❚ L
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❚ Amounts owed to credit institut
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▲ Solvency ratio ■ Core capital
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Results by business segment The act
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Retail and Real Estate
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Innovative advisory tools now also
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Volume has risen further The market
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Strong, united identity conveyed by
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Holdings of Erste Bank in Central E
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Erste Bank— a seal of quality Hun
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Asset Gathering
Page 45 and 46: Erste Bank in the top tier of asset
Page 47 and 48: Strong rise in insurance premium in
Page 49 and 50: The Large Corporate Customers segme
Page 51 and 52: Positive trend in International Bus
Page 53 and 54: Domestic credit risk by sectors A g
Page 55 and 56: Foreign credit risk by sectors Inte
Page 57 and 58: As a supplement to the general cred
Page 59 and 60: The Trading and Investment Banking
Page 61 and 62: However, lower income from trading
Page 63 and 64: Corporate Centre
Page 65 and 66: Harmonisation of EDP systems enhanc
Page 67 and 68: Leading-edge technology for Erste B
Page 69 and 70: 2000 Consolidated Financial Stateme
Page 71 and 72: II. Group Income Statement of Erste
Page 73 and 74: IV. Cash Flow Statement in EUR Mio
Page 75 and 76: During the reporting period 52.07%
Page 77 and 78: Scope of Consolidation The impact o
Page 79 and 80: While the agreement is in force (un
Page 81 and 82: Principles of Consolidation Account
Page 83 and 84: All realised and unrealised gains f
Page 85 and 86: In the case of operating leases (in
Page 87 and 88: 13) Loans and advances to credit in
Page 89 and 90: 17) Investments available for sale
Page 91 and 92: 20) Other assets in EUR million 200
Page 93 and 94: a) Employee benefits Total provisio
Page 95: lower limits defined above, a gradu
Page 99 and 100: The above figures do not include th
Page 101 and 102: In addition to the above-mentioned
Page 103 and 104: Sundry operating expenses are compr
Page 105 and 106: 37) Segment reporting The aim of se
Page 107 and 108: Asset Gathering Corporate Center To
Page 109 and 110: 38) Additional information Assets a
Page 111 and 112: Organisation of risk management at
Page 113 and 114: Risks at Erste Bank Market risk Flu
Page 115 and 116: In March 2000 Erste Bank launched a
Page 117 and 118: Open fixed-income positions not att
Page 119 and 120: Nominal amount by remaining maturit
Page 121 and 122: Česká spořitelna, a.s. is the de
Page 123 and 124: Delegated by the Employee Council G
Page 125 and 126: Percentage Investment Net Fin. stat
Page 127 and 128: Percentage Investment Net Fin. stat
Page 129 and 130: Trading assets All trading assets a
Page 131 and 132: Other operating results This item i
Page 133 and 134: It is our conviction that the Finan
Page 135 and 136: Report of Supervisory Board During
Page 137 and 138: Prague Hlavní nádrazí (Central R
Page 139: Erste Bank share is included in fol
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GB00_erste lage_E - Erste Group

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