Annual Report 2004

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11.6 Sundry Sundry assets comprise the following accounts: Dec. 31, 2003 Dec. 31, 2004 Change EUR million EUR million EUR million Claims arising from ERP loans to companies 645.023 649.991 +4.968 OeKB overnight account for ERP lending 266.068 277.216 +11.148 ERP loan portfolio managed by the OeNB 911.091 927.207 +16.116 Schilling coins 86.805 88.566 +1.761 Shareholder loans 7.616 6.720 —0.896 Advances on salaries 6.459 6.734 +0.275 Other claims 25.666 26.575 +0.909 Total 1,037.637 1,055.802 +18.165 According to Article 3.2 of the ERP Fund Act, the ceiling of the OeNBÕs financing commitment corresponds to the sum by which the federaldebtwaswrittendowninitially (EUR 341.955 million) plus interest accrued (EUR 585.439 million on December 31, 2004). The ERP loan portfolio managed by the OeNB thus totaled EUR 927.394 million on December 31, 2004. The provisions governing the extension of loans from this portfolio are laid down in Article 83 of the Nationalbank Act. The residual terms of advances on salaries generally exceed one year. All advance payments are secured by life insurance plans. Other claims came to EUR 26.575 million at December 31, 2004, and mainly comprised advances, accounts receivable and claims arising from day-to-day business. Financial Statements Annual Report 2004 × 101
Financial Statements Liabilities 1 Banknotes in circulation Closing balance Dec. 31, 2004 EUR million 13,416.143 Closing balance Dec. 31, 2003 EUR million 11,691.232 Change +EUR million 1,724.911 +14.8% This item consists of the OeNBÕs share of the euro banknotes in circulation in the entire Eurosystem calculated by applying the banknote allocation key 6 ; it developed as follows: Dec. 31, 2003 Dec. 31, 2004 Change EUR million EUR million EUR million Total value of euro banknotes in circulation less: 14,754.948 10,541.342 —4,213.606 Liability resulting from the share allocated to the balance sheet of the ECB (8%) —1,016.629 1 —1,166.712 2 —150.083 Liability or claim resulting from allocation of euro banknotes within the Eurosystem (CSM) —2,047.087 1 4,041.513 2 +6,088.600 Value of euro banknotes actually put into circulation 11,691.232 13,416.143 +1,724.911 1 In 2003 this amount was shown under Intra-Eurosystem liabilities item 10.3. 2 In 2004 this amount was shown under Intra-Eurosystem claims item 9.4. OeNB’s Banknotes in Circulation over the Past Five Years Calendar-day volumes, EUR billion 15.0 14.0 13.0 12.0 11.0 10.0 9.0 8.0 7.0 Jan. 2000 2001 20021 Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 2003 2004 Source: OeNB. 1 In the financial year 2002 OeNB’s banknotes in circulation included two components: 1 1. euro banknote liabilities (the 2.68% share of total banknotes in circulation allocated to the OeNB as at January 1, 2002, and subsequently as 1 at the end of the month plus cumulative transactions made by the OeNB between cutoff dates); 1 2. schilling banknotes in circulation (only until December 31, 2002). 6 This key has come to 2.6765% for the OeNB since May 1, 2004. It is calculated on the basis of the OeNBÕs share of the paid-up capital of the ECB, of which 92% are used as a calculation basis. 102 × Annual Report 2004
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√ Oesterreichische Nationalbank S
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ˆ Report on the Financial Year 200
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In 2004 the global economy expanded
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Financial Statements of the Oesterr
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GeneralCouncil(Generalrat),StateCom
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Organization Chart President Herber
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ˆ Report of the Governing Board (D
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The Eurosystem Secures Price Stabil
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The OeNB as a Competent Partner in
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Competition and transparency in cas
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Page 132 and 133: Artwork All artwork featured in thi
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Annual Report 2004

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