Annual Report 2004

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Governing Board (Direktorium) Governor Klaus Liebscher Vice Governor Wolfgang Duchatczek Executive Director Peter Zo‹llner Executive Director Josef Christl GeneralCouncil(Generalrat) President Herbert Schimetschek Vice President Manfred Frey August Astl Christian Domany (from May 13, 2004) Bernhard Felderer Lorenz R. Fritz (until August 13, 2004) Philip Go‹th (from August 1, 2004) Elisabeth Gu‹rtler-Mauthner (from September 9, 2004) Herbert Kofler Georg Kovarik (from September 9, 2004) Richard Leutner (until July 1, 2004) Johann Marihart Werner Muhm Gerhard Randa Walter Rothensteiner Karl Werner Ru‹sch (until July 31, 2004) R. Engelbert Wenckheim (until May 13, 2004) Johann Zwettler In accordance with Article 22 paragraph 5 of the Nationalbank Act, the following representatives of the Staff Council participated in discussions on personnel, social and welfare matters: Thomas Reindl and Martina Gerharter. Vienna, March 30, 2005 Financial Statements Annual Report 2004 × 115
Financial Statements Report of the Auditors We have audited the financial statements of the Oesterreichische Nationalbank for the year ending December 31, 2004, in accordance with generally accepted Austrian auditing standards as recommended by the reports, guidelines and opinions of the Institut O‹ sterreichischer Wirtschaftspru‹fer. We have found that the accounting records and the financial statements of the Oesterreichische Nationalbank for the year ending December 31, 2004, are presented in accordance with the provisions of the Federal Act on the Oesterreichische Nationalbank 1984 as amended. The financial statements were prepared in conformity with the accounting policies defined by the Governing Council of the European Central Bank, as set forth in the Guideline of the European Central Bank of 5 December 2002 on the legal framework for accounting and reporting in the European System of Central Banks (ECB/2002/10), in conformity with Article 26.4 of the Protocol on the Statute of the European System of Central Banks and the European Central Bank. In our opinion the accounts provide a true and fair picture of the OeNBÕs financial position and the results of its operations. The annual report complies with the provisions of Article 68 paragraph 1 and paragraph 3 of the Federal Act on the Oesterreichische Nationalbank 1984 as amended and as promulgated in Federal Law Gazette I No. 55/2002 and corresponds with the financial statements. Vienna, March 30, 2005 Pipin Henzl Certified Public Accountant Peter Wolf Certified Public Accountant 116 × 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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Integration of Payment Services in
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ÒStability and SecurityÓ — the
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Page 69 and 70: The OeNB — An Innovative, Dynamic
Page 78 and 79: ˆ Financial Statements of the Oest
Page 80 and 81: Liabilities December 31, 2004 Decem
Page 82 and 83: Notes to the Financial Statements 2
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Page 128 and 129: Primary balance: government net bor
Page 130 and 131: Periodical Publications of the Oest
Page 132 and 133: Artwork All artwork featured in thi
Page 134: The Annual Report of the OeNB provi
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Annual Report 2004

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