Annual Report 2004

Financial Statements
Consequently, on January 1,
2004, the share that the OeNB held
in the subscribed capital of the ECB
— EUR 5 billion in total — decreased
from 2.3594% to 2.3019% and asset
subitem 9.1 Participating interest in
the ECB decreased by EUR 2.875 million
to EUR 115.095 million.
In accordance with Article 49.3
of the Statute of the ESCB, which
was added to the Statute by the
Treaty of Accession, the ECBÕs subscribed
capital is automatically increased
when a new member joins
the EU and its NCB joins the ESCB.
Theincreaseisdeterminedbymultiplying
the prevailing amount of the
subscribed capital (i.e. EUR 5 billion)
by the ratio, within the expanded
capital key, between the
weighting of the entering NCB(s)
and the weighting of those NCBs that
are already members of the ESCB.
Therefore, on May 1, 2004, the subscribed
capital of the ECB was increased
to EUR 5.565 billion. Consequently,
on May 1, 2004, the share
that the OeNB held in the increased
subscribed capital of the ECB —
EUR 5.565 billion in total — decreased
from 2.3019% to 2.0800%
and asset subitem 9.1 Participating
interest in the ECB increased by
EUR 0.650 million to EUR 115.745
million.
As a result of the aforementioned
capital key changes, the relative
shares of NCBs in the accumulated
net profits of the ECB (also referred
to as net equity) as at December 31,
2003, and April 31, 2004, changed.
Subitem 9.1 Participating interest in
the ECB also reflects the net increase
of the OeNBÕs share in this respect.
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Annual Report 2004