DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung

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Personnel expenses -1,930 -1,744 10.7% Project and general administrative expenses -3,587 -3,517 2.0% Depreciation/amortization -185 -178 3.9% Other operating expenses 0 0 - Operating expenses -5,702 -5,440 4.8% Operating result 12,443 3,692 237.0% Value adjustments for securities recognised as financial assets and for equity interests and shares in Group companies -17,568 0 - Income from value adjustments for securities recognized as financial assets and for equity interests and shares in Group companies 25,254 6,747 274.3% Result from ordinary business activity 20,130 10,440 92.8% Extraordinary result 0 0 - Taxes on income and earnings and other taxes 0 0 - Surplus for the period 20,130 10,440 92.8% Changes to reserves 0 0 - Profit carryforward 0 0 Accumulated profit 20,130 10,440 92.8% Unaudited balance sheet of <strong>ERSTE</strong> Foundation as of 30 September 2011 (compared to 31 December 2010) In EUR thousands (rounded) 30 September 2011 31 December 2010 Assets Change in % Loans and advances to credit institutions 150,441 290,208 -48.2% a) repayable on demand 30,441 10,208 198.2% b) other loans and advances 120,000 280,000 -57.1% Shares and other variable-yield securities 17,184 17,184 - Equity interests 1,246,041 1,395,712 -10.7% Investments in subsidiaries 96,601 0 - Intangible assets 397 255 55.7% Tangible assets 144 313 -54.0% Other assets 7,063 6,898 2.4% Prepaid expenses 5,013 2,086 140.3% Total assets 1,522,884 1,712,655 -11.1% Liabilities and equity Amounts owed to credit institutions 402,000 906,154 -55.6% Amounts owed to customers 0 0 - Debts evidenced by certificates 776,926 495,000 57.0% Other liabilities 45,682 22,335 104.5% Defferred income 24 0 Provisions 1,378 6,235 -77.9% Capital reserves 79,147 79,147 0.0% Page 68
Revenue reserves 197,597 203,784 -3.0% Retained earnings 20,130 0 - Total liabilities and equity 1,522,884 1,712,655 -11.1% Page 69
Page 1 and 2:
DIE ERSTE österreichische Spar-Cas
Page 3 and 4:
In this Prospectus, unless otherwis
Page 5 and 6:
SELLING RESTRICTIONS ..............
Page 7 and 8:
DOCUMENTS INCORPORATED BY REFERENCE
Page 9 and 10:
SUMMARY OF THE PROGRAMME This summa
Page 11 and 12:
Credit Risk Credit risk is the risk
Page 13 and 14:
Business of ERSTE Foundation DIE ER
Page 15 and 16:
Risk Factors arising from Erste Gro
Page 17 and 18: RISK FACTORS Prospective investors
Page 19 and 20: implementation of the Issuer's stra
Page 21 and 22: Interest rate fluctuations may adve
Page 23 and 24: of the Notes. A downgrading of the
Page 25 and 26: Noteholders are exposed to the risk
Page 27 and 28: Holders of Fixed Rate Notes are exp
Page 29 and 30: Investors have to rely on the funct
Page 31 and 32: epresented by a global note in bear
Page 33 and 34: exclusive jurisdiction. Consumers w
Page 35 and 36: Terms and Conditions [Title of Note
Page 37 and 38: [insert definition of EURIBOR and E
Page 39 and 40: [in the case of "Actual/365" or "Ac
Page 41 and 42: § 9 Taxation All payments of princ
Page 43 and 44: [In case of early redemption on the
Page 45 and 46: 17. 18. (iii) Partial Redemption: (
Page 47 and 48: General DIE ERSTE ÖSTERREICHISCHE
Page 49 and 50: VolkswagenStiftung 2,457,544,000 (M
Page 51 and 52: The development objective of ERSTE
Page 53 and 54: financial services by other banks d
Page 55 and 56: In the case that funds will be requ
Page 57 and 58: ("AGM") not to pay a dividend for t
Page 59 and 60: Member Boris Marte Other positions:
Page 61 and 62: Member Maximilian Hardegg Privatsti
Page 63 and 64: Sparkassen AG, with the procedure i
Page 65 and 66: The foundation’s auditor is the a
Page 67: Other assets 7.132 6.898 Subscribed
Page 71 and 72: The English translation of the repo
Page 73 and 74: MATERIAL CONTRACTS Since 31 Decembe
Page 75 and 76: the taxation of financial instrumen
Page 77 and 78: Private foundations pursuant to the
Page 79 and 80: CZECH REPUBLIC General Czech tax im
Page 81 and 82: interest paid (with the exception o
Page 83 and 84: LUXEMBOURG The following summary is
Page 85 and 86: Luxembourg income tax on interest a
Page 87 and 88: Capital gains Income from the sale
Page 89 and 90: OFFER AND SUBSCRIPTION The Programm
Page 91 and 92: SELLING RESTRICTIONS This Prospectu
Page 93 and 94: (ii) the published annual report an
Page 95 and 96: LIBOR means the London Inter-bank O
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DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung

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