Download - Volksbank AG

THE BANK FOR CORPORATES
Notes
58
OTHER INFORMATION.
(47) INFORMATION ON THE CASH FLOW STATEMENT. The Cash flow statement shows the status and development of cash flows
of the Investkredit Group. The cash holdings recorded include cash in hand and balances with central banks, strictly interpreted.
(48) SEGMENT REPORTING. The purpose of segment reporting is to present the components of net results of the Investkredit
Group in the following segments:
Corporates (corporate lending, corporate finance, private equity and consulting, asset management, treasury)
Local government (local government financing)
Real estate (real-estate project development, investments and portfolio management)
Consolidation bookkeeping entries are shown under Other. When interest rates corresponding to the market conditions do not
apply, market interest rates fixed according to the market interest rate method are used for pricing between the individual segments.
Services for subsidiaries are performed at cost price by Investkredit Bank AG.
Local go- Real
Disclosure in EUR m of results by segments 2001
Corporates vernment estate Other Total
Interest and similar income 524.9 478.6 27.1 0.0 1,030.5
Interest and similar expenses -470.1 -451.4 -12.0 0.0 -933.6
Net interest income 54.8 27.1 15.0 0.0 96.9
Fee and commission income 3.7 6.8 0.4 0.0 10.9
Fee and commission expenses -3.2 -2.3 -0.4 0.0 -5.9
Net fee and commission income 0.5 4.5 0.0 0.0 5.0
Net credit risk result -8.0 -0.5 0.0 0.0 -8.5
Trading result 2.6 0.4 0.0 0.0 3.0
Net financial investments result -22.5 0.5 0.0 0.0 -22.0
General administrative expenses -25.5 -15.4 -2.9 0.0 -43.9
Other operating results 2.9 1.3 -0.9 0.0 3.3
Extraordinary result 0.0 0.0 0.0 0.0 0.0
Profit for the year before tax 4.7 17.9 11.2 0.0 33.8
Tax on income 0.7 -0.3 -3.9 0.0 -3.6
Profit for the year after tax 5.4 17.5 7.3 0.0 30.2
External share in profit for the year 0.3 -7.1 -0.2 0.0 -7.1
Net profit 5.7 10.4 7.1 0.0 23.1
Segment assets 5,873 5,015 336
Segment liabilities 5,844 4,872 142
Average equity 175 55 47 277
Cost-income ratio 44.0% 48.2% 19.6% 41.8%
Return on equity before tax 12.2%
Return on equity – net profit 3.2% 18.9% 15.1% 8.4%