Ársskýrsla Landsbankans - Landsbankinn

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Notes to the Consolidated Financial Statements 30. Net foreign exchange gain (loss) 2010 2009 Assets: Cash and balances with Central Bank (130) 38 Bonds and debt instruments (3,580) 1,017 Equities and equity instruments (652) 1,719 Derivative instruments (4,436) 1,300 Loans and advances to financial institutions (6,053) 2,783 Loans and advances to customers (14,853) 17,975 Other assets (89) (260) Total (29,793) 24,572 Liabilities: Due to financial institutions and Central Bank 1,924 (2,380) Deposits from customers 5,757 (7,056) Provisional liability due to Landsbanki Íslands hf. - (24,233) Secured bonds 36,721 6,119 Other liabilities 13 (22) Total 44,415 (27,572) Net foreign exchange gain (loss) 14,623 (3,000) The foreign exchange differences which were recognised during the year 2010 in the consolidated income statement and arose on financial instruments not measured at fair value through profit or loss amounted to a ISK 21,125 million loss for financial assets (2009: gain of ISK 20,536 million) and gain of ISK 44,403 million for financial liabilities (2009: loss of ISK 9,458 million). As disclosed in Note 3, the Group applied the average FX-delta ratio to foreign exchange differences arising on loans and advances to customers that were acquired from Landsbanki Íslands hf. on 9 October 2008. The amount of foreign exchange difference arising on loans and advances to customers for the year 2010, which is deemed to be uncollectible and is therefore offset by the FX-delta ratio, amounted to a loss of ISK 3,035 million (2009: gain of ISK 9,244 million). 31. Other income and expenses 2010 2009 Recharged expenses 479 965 (Loss) gain on sale of property and equipment (18) 23 Loss on repossessed collateral (2,534) (132) Other 496 46 Total (1,577) 902 32. Salaries and related expenses 2010 2009 Salaries 7,497 6,969 Contributions to defined contribution pension plans 1,020 955 Other personnel expenses 814 544 Total 9,331 8,468 Number of full-time employment positions at year-end 1,146 1,161 Average number of full-time employment positions during the year 1,139 1,153 NBI hf. Consolidated Financial Statements 2010 42 All amounts are in ISK million 142 Ársreikningur 2010 Allar upphæðir eru í milljónum króna
Notes to the Consolidated Financial Statements 33. Other operating expenses 2010 2009 Software licensing and other information technology costs 1,047 868 Real estate and fixtures 909 791 Advertising and marketing 433 355 Contribution to the Depositors' and Investors' Guarantee Fund 680 680 Audit and related services 173 116 Other professional services 889 613 Operating lease rentals 495 484 Other operating expenses 2,687 2,157 Total 7,312 6,064 Audit and related services 2010 2009 Audit of financial statement and audit related service 109 96 Review of interim financial statement 61 - Other services 2 20 Total 173 116 34. Acquisition-related costs 2010 2009 Cost of acquisition of assets and liabilities from Landsbanki Íslands hf. 542 886 Claims on Landsbanki Íslands hf. which were written off due to a settlement - 158 Total 542 1,044 35. Income tax expense Income tax is recognised based on the tax rates and tax laws enacted by the end of the period, according to which the domestic corporate income tax rate was 18.0% (2009: 15.0%). Income tax recognised in the income statement is specified as follows: 2010 2009 Current tax expense (1 (1,979) 979) (83) Effect of increase in tax rate 164 295 Deferred tax expense (5,967) (827) Total (7,782) (615) Further information on deferred income tax is presented in Note 21. The tax on Group profits differs to the following extent from the amount that would theoretically arise by the domestic corporate income tax rate: 2010 2009 Profit before tax 32,644 14,254 Tax on liabilities of financial institutions (400) - Profit before income tax 32,244 14,254 Income tax calculated using the domestic corporate income tax rate 18.0% (5,804) 15.0% (2,138) Effect of increase in tax rate (0.5%) 164 (2.1%) 296 Effect of different tax rates in other countries - - 0.3% (38) Income not subject to tax (5.0%) 1,641 (9.0%) 1,289 Non-deductable expenses 6.4% (2,099) 0.8% (110) Other 5.2% (1,684) (0.6%) 86 Effective income tax 24.1% (7,782) 4.3% (615) NBI hf. Consolidated Financial Statements 2010 43 All amounts are in ISK million Allar upphæðir eru í milljónum króna Ársreikningur 2010 143
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Ársskýrsla 2010
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Lykiltölur Heildareignir Eiginfjá
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Efnisyfirlit 1. 2010 í hnotskurn .
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Júlí Þriðji ársfjórðungur Vi
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Ávarp formanns Bankaráðs og bank
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Steinþór Pálsson, bankastjóri S
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Fjármunamyndun % af VLF Millj. kr.
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Þróun verðbólgu Framlag til 12
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Heildareignir stærstu viðskiptaba
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Innleiðing stefnunnar Markmið Lan
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Ánægðir viðskiptavinir Viðskip
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Ávinningur samfélags og eigenda A
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Viðskiptabanki Viðskiptabanki Lan
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Útibúanet Landsbankans Landsbanki
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Fyrirtækjabanki Fyrirtækjabanki v
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Markaðir og fjárstýring Á svið
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Eignastýring Eignastýring veitir
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Vöxtur Global Equity í samanburð
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Endurskipulagning eigna Endurskipul
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Ferli fjárhagslegrar endurskipulag
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Stoðsvið og stoðdeildir Landsban
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Fjármál Á sviðinu eru starfandi
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Regluvarsla Regluvarsla er ein af g
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Skrifstofa bankastjóra Skrifstofa
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Reginn ehf. Reginn tók til starfa
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Mannauður Landsbankinn er þekking
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Kynjahlutfall og launamunur kynjann
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Vinnustaðagreining: Landsbankinn h
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Samfélagsleg ábyrgð Landsbankinn
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Steinþór Pálsson kynnir verkefni
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Menningarnótt Landsbankinn hefur v
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Stjórn og stjórnendur bankans Eig
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Frá vinstri: Ólafur Helgi Ólafss
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Helgi Teitur Helgason, Viðskiptaba
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Stjórnarhættir Það er markmið
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sérstakar nefndir í umboði Banka
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Helstu þættir í árangursmati Ba
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Hömlur - smærri fasteignir Tegund
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Áhættustýring Áhættustýring e
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Áhætta Útlánaáhætta Markaðs
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Markaðsáhætta Markaðsáhætta e
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Vaxtaáhætta utan veltubókar Vaxt
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Samantekt úr ársreikningi Afkoman
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Efnahagsreikningur - eignir 31.12.2
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Lausafjáreignir Þróun á lausafj
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Samsetning innlána 600.000 500.000
Page 95 and 96: Eigið fé 200.000 150.000 100.000
Page 97 and 98: Arðsemi eigin fjár 20% 15% 10% 5%
Page 99 and 100: Gjaldeyrisjöfnuður og gengismunur
Page 101 and 102: Landsbankinn Consolidated Financial
Page 103 and 104: Content Endorsement and Statement b
Page 105 and 106: Endorsement and Statement by the Bo
Page 107 and 108: Independent Auditor's Report To the
Page 109 and 110: Consolidated Income Statement for t
Page 111 and 112: Consolidated Statement of Cash Flow
Page 113 and 114: Notes to the Consolidated Financial
Page 145: Notes to the Consolidated Financial
Page 180 and 181: Útgefandi: Landsbankinn Ábyrgðar
Page 182: Landsbankinn þinn Þróun og áran
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Ársskýrsla Landsbankans - Landsbankinn

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