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

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ADDITIONAL FINANCIAL INFORMATION Cash flow statement of ERSTE Foundation as of 30 September 2011 and the financial years 2010 and 2009 In EUR thousands (rounded) 3. Q. 2011 (unaudited) 2010 2009 €000 €000 €000 Surplus 20,130 16,098 8,525 +/- Capital gain/Capital loss from the disposal of shares -7,687 -13,806 0 + Depreciation and amortisation 185 221 162 = Cash flow for the period 12,627 2,513 8,688 +/- Increase in short/long-term accruals -4,856 4,083 515 +/- Increase/Decrease in inventories, accounts receivable and other assets -3,092 -1,852 -1,367 +/- Increase/Decrease in accounts payable (excluding liabilities to bank and bills payable) and other liabilities 23,371 -2,062 -2,480 = Cash inflow/outflow from operating activities 28,051 2,682 5,356 - Payment for tangible and intangible assets -158 -68 -638 +/- Equity investments 0 -17,184 +/- Investments good.bee 0 0 -573 +/- Investments in subsidiaries -96,601 - - +/- Disposal of shares or other securities 157,357 89,812 0 = Cash inflow for investment activities 60,598 72,560 -1,211 +/- Debts evidenced by certificates 281,926 295,000 0 +/- Repayments/Payments of liabilities to banks -504,154 -107,270 -300 = Cash inflow/outflow from financing activities -222,228 187,730 -300 Fundings (Distributions) -6,188 -5,822 -5,960 Changes in cash and cash equivalents effected by payments -139,767 257,150 -2,115 - Cash and cash equivalents at the beginning of the period 290,208 33,058 35,173 + Cash and cash equivalents at the end of the period 150,441 290,208 33,058 Overall change in cash and cash equivalents -139,767 257,150 -2,115 Page 70
The English translation of the report of the auditors on the audit of the cash flow statements for the financial year 2010 is included in the English translation of the audited annual financial statements which is included in this prospectus by reference. The English translation of the report of the auditors on the audit of the cash flow statements for the financial year 2009 state: “We have audited the cash flow statement for the financial year 2009. The cash flow statement supplement the financial statements of DIE ERSTE österreichische Spar-Casse Privatstiftung prepared in accordance with the Austrian Commercial Code (UGB) for the year from 1 January to 31 December 2009. The preparation and the contents of the cash flow statement for the year from 1 January to 31 December 2009 is the responsibility of the legal representatives. Our responsibility is to express an audit opinion based on the audit in order to determine whether the cash flow statements for the year from 1 January to 31 December 2009 have been properly prepared based on the audited financial statements for the year from 1 January to 31 December 2009. Our responsibility and liability towards DIE ERSTE österreichische Spar-Casse Privatstiftung as well as towards third parties is subject to the liability limitations of Art. 275 par. 2 Austrian Commercial Code. We conducted our audit in accordance with national auditing standards. Those standards require that we plan and perform the audit in such a manner that we are able to give a reasonable assurance whether the cash flow statements are free from any material mistakes. Our audit has not given rise to any objections. In our opinion, the cash flow statement for the financial years from 1 January to 31 December 2009 has been properly prepared based on the financial statements for the year from 1 January to 31 December 2009." Page 71
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 and 68: Other assets 7.132 6.898 Subscribed
Page 69: Revenue reserves 197,597 203,784 -3
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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