Landesbank Berlin Holding

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Group key figures at a glance Income statement 1.1. – 31.12. 2010 1.1. – 31.12. 2009 1) 1.1. – 31.12. 2008 1.1. – 31.12. 2007 1.1. – 31.12. 2006 Net interest income € million 725 862 1,247 815 743 Allowance for losses on loans and advances € million 105 185 63 – 68 118 Net commission income € million 274 262 302 297 368 Net income from hedge accounting € million 7 – 15 – 18 3 3 Net gain from financial instruments recognised at fair value through profit or loss € million 349 478 – 344 – 45 186 Net income from financial assets € million – 22 – 107 – 308 – 4 50 Net income from investments carried at equity € million 8 – 14 – 18 12 – 4 Other operating income € million 84 41 139 119 636 Administrative expense € million 1,003 985 940 965 1,115 Operating result before restructuring € million 317 337 – 3 300 749 Restructuring expenditure and income (net) € million 0 – 8 12 6 35 Operating profit / earnings before taxes € million 317 329 9 306 784 Income tax expense € million 52 64 – 35 76 97 Consolidated net profit for the period / earnings after taxes € million 265 265 44 230 687 Balance Sheet 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 Total assets € million 131,477 143,835 145,388 142,163 141,625 Shareholders’ equity including unappropriated surplus € million 2,722 2,712 1,962 2,847 2,624 Dormant participations (nom.) € million 700 700 700 700 700 Capital resources in accordance with SolvV € million 2,547 2,891 3,292 xx xx Key figures 1.1. – 31.12. 2010 1.1. – 31.12. 2009 1) 1.1. – 31.12. 2008 1.1. – 31.12. 2007 1.1. – 31.12. 2006 Cost-income ratio % 70.4 65.4 94.0 80.6 56.3 Return on equity (before taxes) 2) % 11.8 14.0 0.4 10.8 35.3 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 Overall capital ratio (German Banking Act) 3) % 16.89 16.82 16.41 15.04 10.6 Tier 1 capital ratio (German Banking Act) 3) % 15.24 14.45 13.74 11.80 7.2 Shares 1.1. – 31.12. 2010 1.1. – 31.12. 2009 1) 1.1. – 31.12. 2008 1.1. – 31.12. 2007 1.1. – 31.12. 2006 Earnings per share 4) € 0.27 0.25 0.03 0.21 0.67 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 Market capitalisation € million 4,397 3,328 2,928 6,366 7,851 1.1. – 31.12. 2010 1.1. – 31.12. 2009 1) 1.1. – 31.12. 2008 1.1. – 31.12. 2007 1.1. – 31.12. 2006 Share price (closing price on Frankfurt Stock Exchange) High € 4.41 3.76 6.32 8.18 7.96 Low € 3.24 2.07 2.18 5.25 3.11 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 Employee capacity (reporting date) Number 5,985 6,009 5,999 5,965 5,960 1) Figures for the previous year have been adjusted 2) Average IFRS equity 3) RVG Group; after approval of the financial statements 4) Diluted = basic earnings
Contents Landesbank Berlin Holding AG 2 Corporate profile 2 Letter from the Chairman of the Supervisory Board 3 Letter Letter from from the Board of Management 4 Executive bodies of Landesbank Berlin Holding AG and Landesbank Landesbank Berlin AG 6 Our business areas 8 Employees 32 Share price of Landesbank Berlin Holding AG 33 Ratings 34 Group management report 35 Overview of the Group 36 General development 50 Development of business – January to December 2010 53 Events after 31 December 2010 66 Final statement on the dependent company report in accordance with Article 312 of the German Stock Corporation Act 67 Risk Report 68 Opportunities and risks / outlook 107 Landesbank Berlin Holding AG 1 Annual financial statements for the Group 113 Consolidated statement of comprehensive income 114 Quarterly development of the LBB Holding Group 116 Consolidated statement of financial position 118 Statement of changes in consolidated equity 120 Consolidated cash flow statement 122 Notes 124 Auditors’ report 206 Responsibility statement 207 Other information 208 Report of the Supervisory Board of Landesbank Berlin Holding AG 209 Executive bodies of Landesbank Berlin Holding AG 212 Corporate Governance Report 214 Important addresses 218 Major investments 221 Abbreviations 222
Page 1: Landesbank Berlin Holding ANNUAL RE
Page 5 and 6: Letter from the Chairman of the Sup
Page 7 and 8: Dear shareholders, the 2011 financi
Page 9 and 10: Sascha Händler * Landesbank Berlin
Page 11 and 12: We have steadily developed the trie
Page 13 and 14: LBB small and medium-sized enterpri
Page 15 and 16: A sense of proportion and an apprec
Page 17 and 18: Focus on customer business The Capi
Page 19 and 20: Each of them champions customers di
Page 21 and 22: Landesbank Berlin Holding AG 19 Mar
Page 23 and 24: Landesbank Berlin Holding AG 21 Tim
Page 25 and 26: Landesbank Berlin Holding AG 23 Nor
Page 27 and 28: Landesbank Berlin Holding AG 25 Sus
Page 29 and 30: Landesbank Berlin Holding AG 27 Knu
Page 31 and 32: Landesbank Berlin Holding AG 29 Ale
Page 33 and 34: Landesbank Berlin Holding AG 31 Mic
Page 35 and 36: Share price of Landesbank Berlin Ho
Page 37 and 38: Group management report Overview of
Page 39 and 40: LBB concluded a control agreement a
Page 41 and 42: Corporate governance declaration in
Page 43 and 44: deductible of 10 percent of losses
Page 45 and 46: profit contribution of the member o
Page 47 and 48: Individual details: Pension rights
Page 49 and 50: LBB Supervisory Board: For work on
Page 51 and 52: Powers of the Board of Management c
Page 53 and 54:
The strategic business areas are ma
Page 55 and 56:
Development of business - January t
Page 57 and 58:
Earnings before taxes virtually mat
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Net income from financial assets im
Page 61 and 62:
The Regional Corporate Banking segm
Page 63 and 64:
The central management of the banki
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Shares carried at equity amounted t
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overall capital ratio for the LBBH
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Final statement on the dependent co
Page 71 and 72:
The new version entered into effect
Page 73 and 74:
In addition, for risk tolerance ana
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Internal capital adequacy The devel
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The information shown on the overal
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140.0 135.0 130.0 125.0 120.0 115.0
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The breakdown by remaining term cle
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In line with the risk class, the po
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1800 1600 1400 1200 1000 800 600 40
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AGE STRuCTuRE OF CREDIT RISK Prior-
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In the context of Bank-wide stress
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The following graphic shows the liq
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As it was not possible to use the u
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Reporting market price risks The re
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Development of the market price ris
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SECuRITISATION PORTFOLIO OF THE GRO
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purpose of an exchange of informati
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Fluctuation risk: Appropriate repre
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The OpRisk unit in the Risk and Con
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The objective of the ICS is to reco
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Opportunities and risks / outlook E
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The strategic refocusing of sales i
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Opportunities for even more effecti
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Annual financial statements for the
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Total comprehensive income 1.1. - 3
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Total comprehensive income in € m
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Liabilities and shareholders’ equ
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for the period from 1 January to 31
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The cash flow statement provides in
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Consolidated financial statements N
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All the above amendments are to be
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4 Principles of consolidation Conso
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6 Segment reporting Consolidated fi
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Capital Markets Interest Management
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Notes on accounting policies 7 Fina
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7.2 Receivables Receivables are bro
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Micro fair value hedge accounting I
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8 Cash Cash in hand and balances at
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13 Leases In accordance with IAS 17
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16 Provisions Provisions are recogn
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Minimum capital requirements The LB
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23 Net commission income in € mil
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Net income by category The “net i
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Other administrative expenses in
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As in the previous year, the additi
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34 Loans and advances to banks Loan
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Group as lessor (finance leases) Th
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Existing loans Provisions for lendi
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Financial instruments designated at
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Summary of financial information on
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The main measurement parameters are
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Deferred tax assets reflect the pot
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48 Amounts due to customers Amounts
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Contractual remaining maturities of
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Breakdown of fair value option fina
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Development of pension obligations
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Of which: Provisions for EU measure
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55 Subordinated capital in € mill
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58 Trust activities Trust activitie
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Part of the change in value is due
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Consolidated financial statements O
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The table below shows a statement o
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RVG, the general partner of S-Erwer
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Variable remuneration totalling €
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The members of the Board of Managem
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64 Number of employees Average numb
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Company, registered office Total sh
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Company, registered office Special
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Responsibility statement To the bes
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Report of the Supervisory Board of
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Report by the Board of Management o
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Frank Meysel * Member of the Works
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In accordance with the recommendati
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Declaration of conformity of the Bo
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Retail Banking Private Banking Bund
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Major investments Berlin-Hannoversc
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Imprint Published by Landesbank Ber
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Landesbank Berlin Holding

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