Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

Consolidated Income Statement of VBAG for the year ended 31 December 2006
For the year ended
31 December
2006 2005
(in EUR thousand)
1. Interest receivable and similar income 3,768,376 2,179,700
2. Interest payable and similar expenses -3,105,451 -1,767,692
I. Net interest income 662,925 412,008
3. Provisions for risks -61,729 -52,422
4. Commission income 200,155 158,178
5. Commission expenses -64,838 -56,229
Net commission income (Net of 4 and 5) 135,317 101,949
6. Trading result 70,597 69,852
7. General administrative expenses -507,361 -395,584
8. Other operating result -1,197 56,540
9. Income from financial investments -12,457 7,120
10.Result of a disposal group 23,336 20,478
11. Extraordinary result 0 0
II. Pre-tax profit for the year 309,433 219,942
12. Income taxes
13. Tax of a disposal group
-47,925
1,268
58
-6,709
-2,348
III. After-tax profit for the year 262,776 210,885
14. Minority interests -107,617 -50,524
IV. Net profit after minority interests 155,159 160,361
Auditors’ Report
The Auditors’ Reports on the consolidated financial statements as of 31 December 2006 and
2005 are incorporated by reference.
Material changes in the financial position of VBAG
Save as disclosed herein, there have been no significant or material adverse changes in the financial
position of VBAG and its subsidiaries taken as a whole since 31 December 2006, being
the date of the latest audited published financial statements of VBAG.
Legal and arbitration proceedings
In June 2002, VBAG was fined by the European Commission for alleged participation in
agreements and concerted practices with regard to prices, charges and advertising measures for
the purpose of limiting competition on the market for bank products and bank services in Aus-