ANNUAL REPORT 2006 - DG Hyp

PROFIT AND LOSS ACCOUNT
FOR THE PERIOD FROM 1 JANUARY TO 31 DECEMBER 2006
2005
€ 000’s Note # € 000’s € 000’s € 000’s
Interest income from
a) Lending and money market transactions 2,518,410 2,801,661
b) Fixed-income securities and debt register claims 1,405,970 1,083,799
3,924,380 3,885,460
Interest expense 3,598,451 3,561,020
325,929 324,440
Current income from
a) Participating interests 68 35
b) Interests in affiliated companies 0 10
68 45
Income from profit-pooling,
profit transfer, and partial
profit transfer agreements 1,818 1,108
Commission income 16,842 19,491
Commission expense 63,293 77,994
Net commission result – 46,451 – 58,503
Other operating income
General administrative expenses
a) Personnel expenses
(27) 15,244 22,780
aa) Wages and salaries
ab) Compulsory social security contributions and
45,112 41,125
expenses for pensions and other employee benefits 22,666 10,842
67,778 51,967
of which: Pension expenses 16,344 (4,897)
b) Other administrative expenses 112,559 115,156
180,337 167,123
Amortisation/depreciation and write-downs of
intangible and tangible fixed assets 11,104 10,976
Miscellaneous other operating expenses (28) 12,646 4,548
Amortisation and write-downs of receivables
and specific securities, as well as additions
to loan loss provisions 73,913 92,715
Income from write-ups on participations,
interests in affiliated companies,
and investment securities 14,047 36,984
Expenses for losses assumed under
profit-transfer and similar agreements 42 141
Profit from ordinary activities 32,613 51,351
Extraordinary income – –
Extraordinary expenses – 1,318
Net extraordinary income/expenses – – 1,318
Taxes on income
Other taxes not disclosed under
(29) – 2,368 –
“Miscellaneous other operating expenses” 2 –
– 2,366 –
Profits transferred under partial profit
transfer agreements
Profits transferred under profit
59,057 39,133
transfer agreements – –
Change in the fund for general banking risks 24,078 – 10,900
Net income – –