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THE BANK FOR CORPORATES Notes 52 BWG- Investment Extent of investment Information on financial statement Category Shareholders´ equity Last financial pursuant Profit/loss without with statement to § 244 (3) for the dormant dormant holding available Commercial Code year Name and registered office 1) direct indirect 2) % 3) % as at EUR m EUR m “Die Erste“ Büro- und Gewerbezentren Errichtungsund Betriebs-Gesellschaft mbH, Linz OE x 25.50 % 31.12.2000 2.8 0.2 Dexia Kommunalkredit Holding Gesellschaft mbH, Vienna AB x 25.07 % 31.12.2001 27.2 2.3 Tisi Leasinggesellschaft mbH, Vienna Leasing 431 Grundstückverwaltung FI x x 25.00 % 99.26 % 31.12.2000 3.8 3.7 Gesellschaft mbH, Vienna FI x 25.15 % 31.12.2000 11.3 1.0 Prvá Komunálna Banka a.s., Zilina (SK) CI x 19.65 % 31.12.2001 31.6 6.4 2.2. Included at cost IMMORENT-IBA Leasinggesellschaft mbH, Vienna Invest Equity Management Consulting FI x x x 50.00 % 93.59 % 31.12.2000 0.1 0.0 Gesellschaft mbH, Vienna OE x x 47.39 % 31.12.2000 0.1 0.0 <strong>AG</strong>CS Gas Clearing and Settlement GmbH, Vienna OE x 20.00 % x x x 6) Betriebsanlagen & Wirtschaftsgüterleasing GmbH, Vienna FI x 50.00 % CALG 435 Grundstückverwaltung Gesellschaft mbH, Vienna FI x 50.00 % LBL drei Grundstückverwaltung-GmbH, Vienna FI x 33.20 % Ing. Rudolf Kaiser Gesellschaft mbH, Sattledt OE x 28.57 % Kofis Leasing a.s., Zilina (SK) IMS - Ionen Mikrofabrikations Systeme OE x 25.07 % Gesellschaft m.b.H., Vienna OE x 24.04 % 3. Other investments included at cost APCS Power Clearing and Settlement <strong>AG</strong> (previously APCS Power Clearing and Settlement GmbH), Vienna Venture Capital in treuhändiger Verwaltung der Venture OE x 14.00 % 31.12.2000 0.2 -0.1 9) Finanzierungsgesellschaft m.b.H. in Liqu., Vienna OE x 5.78 % 31.12.2000 0.1 0.0 Venture Finanzierungsgesellschaft m.b.H. in Liqu., Vienna CI x 5.78 % 31.12.2000 0.1 0.0 WED Holding GmbH, Vienna OE x 5.77 % 31.12.2000 11.5 0.0 Kasberg Lift - GmbH & Co KG, Grünau OE x 4.88 % x x x 4) Euro Synergies Investment S.C.A., Luxembourg Austrian Research Centers GmbH (previously Österreich- OE x 1.51 % 31.12.2000 7.1 -5.5 isches Forschungszentrum Seibersdorf GmbH), Vienna OE x 0.93 % x x x 4) Aviation Holdings plc, London Einlagensicherung der Banken und OE x 0.37 % x x x 4) Bankiers GmbH, Vienna OE x x 0.15 % x x x 4) 1) CI = Credit Institution, FI = Financial Institution, AB = Auxiliary Banking Service, OE = Other Enterprise 2) Shares include dormant partnerships 3) Including indirect investments, without dormant partnerships 4) Investments of minor significance 5) No controlling influence 6) New investment 7) According to the preliminary financial statements 8) Incomplete financial year from 28 July to 31 December 2001 9) Incomplete financial year from 30 June to 31 December 2000 10) Merger of Europolis Invest Immobilieninvestitionsgesellschaft m.b.H., Vienna, and VBV fünf Anlagen Vermietung Gesellschaft m.b.H., Vienna with VBV drei Anlagen Vermietung Gesellschaft m.b.H., Vienna in the financial year of 2001 11) Merger of Warsaw Tower Sp. z o.o., Warsaw with Europolis Holding Sp. z o.o., Warsaw, in the financial year of 2001 12) Merger of E.I.P. Beteiligungs Gesellschaft m.b.H., Vienna, and RCP Beteiligungsverwaltung-Gesellschaft m.b.H., Vienna with RCP Holding GmbH, Vienna in the financial year of 2001 13) Merger of Europolis Hadovka s.r.o., Prague with Europolis Holding s.r.o., Prague (now Europolis Hadovka s.r.o., Prague) 14) Incomplete financial year from 7 February to 31 December 2001 15) Incomplete financial year from 29 November to 31 December 2001 16) Controlling influence
(36) PROPERTY AND EQUIPMENT. in EUR m 31.12.2001 31.12.2000 Land and buildings used by the Group 23 24 Land and buildings used by outside parties 259 185 Office furniture and equipment 6 6 Aggregate 289 215 The development and composition of property and equipment is presented under point 37 (Schedule of fixed asset transactions). Minor value assets are entered in the schedule of fixed asset transactions as additions and disposals in the year of acquisition. The balance sheet item of Land and buildings used by the Group includes a land value of EUR 4 m (2000: EUR 4 m). The increase from EUR 185 m to EUR 259 m in the item of land and buildings used by outside parties is due to the acquisition of three office properties and one building in Prague with the latter being still under construction. The difference between the fair value and the carrying amount in the items of the individual balance sheets which cover all land and buildings used by outside parties results in EUR 73 m (2000: EUR 55 m). (37) SCHEDULE OF FIXED ASSET TRANSACTIONS. At cost Currency Additions Disposals At cost as of trans- as of 31 in EUR m 1 January lation December Property and equipment 225 7 77 -2 306 Land and buildings 210 7 74 -1 290 Office furniture and equipment 14 0 3 -1 16 Intangible assets 17 0 3 -11 9 Goodwill 14 0 2 -10 7 Other 2 0 0 -1 2 Financial investments (excluding securities available for sale) 1,368 6 287 -106 1,555 Other related enterprises 92 2 3 -20 77 Enterprises accounted for under the equity method 74 1 17 0 92 Other investments 5 0 11 -1 16 Fixed-income securities 1,197 2 256 -85 1,370 Variable-yield securities 0 0 0 0 0 Other financial investments 0 0 0 0 0 Aggregate 1,610 12 367 -119 1,870 Accumu- Accumu- Carrying Current Current Carrying lated lated amount depre- write- amount in EUR m depreciation write-ups 31.12. ciation ups 1.1. Property and equipment -22 5 289 -4 2 215 Land and buildings -12 5 282 -2 2 209 Office furniture and equipment -10 0 6 -2 0 6 Intangible assets -3 0 6 -1 0 15 Goodwill -1 0 5 0 0 14 Other -2 0 1 0 0 1 Financial investments (excluding securities available for sale) -100 6 1,462 -17 2 1,251 Other related enterprises -47 0 30 -3 0 32 Enterprises accounted for under the equity method -34 1 59 -3 0 44 Other investments -3 0 13 0 0 2 Fixed-income securities -15 5 1,360 -12 2 1,173 Variable-yield securities 0 0 0 0 0 0 Other financial investments 0 0 0 0 0 0 Aggregate -125 11 1,756 -22 4 1,481 Notes THE BANK FOR CORPORATES 53
Page 1 and 2:
THE BANK FOR CORPORATES. Annual Rep
Page 3 and 4: CONTENTS. Investkredit at a glance.
Page 5 and 6: INCOME DEVELOPMENT OF THE INVESTKRE
Page 7 and 8: LETTER FROM THE BOARD OF MANAGEMENT
Page 9 and 10: Letter from the Board of Management
Page 11 and 12: Board of Management. ALFRED REITER
Page 13 and 14: INVESTKREDIT SHARES. Investkredit s
Page 15 and 16: MANAGEMENT DISCUSSION. The members
Page 17 and 18: Management style allows for quick d
Page 19 and 20: Increase in business volume and ear
Page 21 and 22: Significantly improved capital rati
Page 23 and 24: Ensuring liquidity for corporate cu
Page 25 and 26: A euro financial market is emerging
Page 27 and 28: Deal structuring in the context of
Page 29 and 30: Competent consulting on aid-related
Page 31 and 32: Assistance in the acquisition and d
Page 33 and 34: Issuing focus on strengthening equi
Page 35 and 36: 60% of Austrian local authorities a
Page 37 and 38: Benefiting from advantages of Centr
Page 39 and 40: FINANCIAL STATEMENTS OF THE INVESTK
Page 41 and 42: STATEMENT OF CHANGES IN EQUITY. For
Page 43 and 44: Notes to the financial statements o
Page 45 and 46: (5) LOANS AND ADVANCES. Loans and a
Page 47 and 48: a fluctuation rate of 0% and assume
Page 49 and 50: (23) GENERAL ADMINISTRATIVE EXPENSE
Page 51 and 52: (32) RISK PROVISIONS. Risk provisio
Page 53: BWG- Investment Extent of investmen
Page 57 and 58: (42) PROVISIONS. in EUR m 31.12.200
Page 59 and 60: Expenses related to all subordinate
Page 61 and 62: Local go- Real Disclosure in EUR m
Page 63 and 64: (51) SUBORDINATED ASSETS. The asset
Page 65 and 66: (58) FAIR VALUE BALANCE SHEET. Fair
Page 67 and 68: (65) INFORMATION ON EMOLUMENTS OF A
Page 69 and 70: Equity capital. Equity held by outs
Page 71 and 72: REPORT OF THE SUPERVISORY BOARD. In
Page 73 and 74: Cost-income ratio. Index of the cos
Page 75 and 76: Own funds to be taken into account.
Page 77 and 78: INVESTOR RELATIONS. Margot Binder P
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