Raiffeisenlandesbank Kärnten

Size: px
Start display at page:

Download "Raiffeisenlandesbank Kärnten"

Transcription

1 Annual Report 2005 Raiffeisenlandesbank Kärnten computer centre and auditing association registered co-operative with limited liability

2 Situation report 2005 Contents Foreword by the Board of Management 3 Economic report for RLB Kärnten 5 The course of business 6 Competence in financial consultancy 6 Competence in business 7 Competence in service provision 8 Report of the Supervisory Board 10 Economic outlook 11 Summary of annual accounts 13 Assets 14 Liabilities 15 Movement of members 16 Profit and loss account 17 Raiffeisen in figures 19 Raiffeisen in Carinthia 20 Contact 21 2

3 Foreword Lasting growth with a regional reference Dear customers, business partners, officers and employees, Once again Raiffeisenlandesbank Kärnten can look back on 2005 as a very satisfactory year. Our strategy of lasting growth with risk orientation is also refl ected in the operating result for 2005, which we have been able to increase by a further 13.1 %. In the context of the Beratung, die sitzt ( the right advice ) positioning campaign, Raiffeisenlandesbank Kärnten has been able to record extremely positive development in customer business, winning the VICTOR 2005 award for the most innovative bank in Austria. According current market research data, Raiffeisen Bankengruppe Kärnten continues to be the market leader in Carinthia. Raiffeisen Landesbank contributes to this result not only with its customer business and own business, but is also a service provider for the 47 Raiffeisen banks in Carinthia. In order to guarantee on site competitive capability in the long term, the range of services offered has once again been steadily expanded over the last year, the focus being on the development of a new marketing model and the resulting consultancy tool known as the Raiffeisen Kärnten Portal, which will enable customer service managers to provide an even more professional advisory service in the coming year. In order to ensure that Raiffeisen continues to be number 1 in Carinthia in the future also, the partnership marketing model between the Landesbank and the Raiffeisen banks, known as the Kärntner Weg or Carinthian way, is constantly being further developed, in order to strengthen the culture of association and trust within the Group and to make target oriented working of the market possible. The regional anchoring of the Raiffeisen banks in Carinthia is very strong, and we regard this as a special mandate for regionally based sponsorship. In the last year alone, approximately 1.5 million euros were provided for many different promotional activities in the fi elds of sport, culture and science, the objective being a regionally based wealth creation partnership which should create new jobs and, through capital investment, have a knock on effect for Carinthia as a region. Regional anchoring combined with an international network! A high point for Raiffeisen last year was the fl otation of Raiffeisen International, rightly regarded as the most successful fl otation of the year. It is only through an Austria-wide bundling of the strengths of the Raiffeisen Bankengruppe that such fl otations are possible. The aim is to achieve lasting long term strengthening of Raiffeisen s overseas commitment through the building up of market shares. We are very optimistic for the year 2006 and are convinced that with the support of our highly committed staff we can certainly attain our goals. As far as 2005 is concerned, it only remains to thank all those who have made this success possible: our customers, our staff and our business partners. Gen. Dir. Dr. Klaus PEKAREK Deputy Dir. Mag. Peter GAUPER Board of Management of Raiffeisenlandesbank Kärnten 3

4 Situation report 2005 I The course of business Competence in financial consultancy We give our customers the support they need even in extreme situations. Beratung, die sitzt! 8

5 Economic report for 2005 Further drop in economic growth in Austria The world economy continued to expand in 2005, in spite of the strong increase in crude oil prices. At 4 %, the growth rate of the world economy can certainly be regarded as extremely healthy. Economic growth in Austria in 2005 fell to 1.8 %, having reached 2 % in In the Euro area generally, however, growth was only 1.5 % (previously 2 %). Positive impulses to growth from exports have dwindled, and internal demand has remained weak due to high levels of uncertainty among consumers and investors. Consumer confidence was already stagnating at the end of 2004 as a result of the unfavourable situation on the employment market, the negative effects of employment market and social reforms, and the fall in disposable real income. Weak growth among the important trading partners in the Euro area has had a braking effect on Austrian exports. Following 11.8 % in the previous year, the growth in real exports of goods fell to 2.7 %. Another record year for unemployment The year 2005 provided the domestic employment market with three records: around 40,000 more non independent employees were recorded in the year ended. At the same time, the numbers of people unemployed have never been higher: the yearly average was 252,654, to which have to be added around 40,000 people in training. The third record concerns the percentage of unemployed, which at 7.2 % reached a level last seen in In Carinthia, 17,640 people were without employment (+ 4.2 %), bringing the quota up to 8.2 % (previously 7.9 %). Sharp rise in the number of private insolvencies The year 2005 saw a new record number of insol vencies in Austria. The number of insolvency proceedings instituted in 2005, at 3,203, was 7.8 % higher than in However, the number of rejected bankruptcy applications rose by around 15 %. Thus the total insolvency rose by 11.7 %. The number of employees affected rose by 4.2 % to 22,100. The only reduction was in the amount of estimated insolvency liabilities (- 4 %). The number of extrajudicial proceedings rose by 25 %. In Carinthia, the number of total insolvencies fell from 442 to 390, a reduction of 13.3 %. With regard to private bankruptcies, there was a total of 6,460 insolvencies in 2005, a rise of 15.9 %. In Carinthia, there were 677 cases (previously 508) of private insolvency. The estimated liabilities increased by 56.9 %, from 61.2 million euros to 96 million euros. RLB Kärnten Operating result up 13.1 % The positive trend of recent years was continued in 2005, with the operating result rising by 13.1 % to 20.9 million euros. The Raiffeisenlandesbank Kärnten result has thus trebled in the last ten years. The POA, at 13.8 million euros, has actually risen 19 % this year. The Cost Income Ratio has improved from 61.8 % to 60.2 %, and the Return on Equity is 13.6 %. Moderate rise in the rate of inflation The inflation rate in Austria rose in the previous year from 2.1 to 2.3 %. In the Euro area, the general increase in prices rose last year to 2.6 %, due to oil prices being at a record high. Private consumer expenditure rose by 1.4 %. 5

6 Situation report 2005 I The course of business The course of business Competence in financial consultancy Beratung, die sitzt Under this slogan, Raiffeisenlandesbank Kärnten positions itself as a world of financial consultancy services for its customers. And this slogan also set the tone for the opening of the new consultancy services premises on the St. Veiter Ring last year. In an ambience of comfort and wellbeing, in which the provision of a personal consultancy service is of paramount importance, we have been able to celebrate considerable sales success in Within the competitive marketing environment of Carinthian Raiffeisen banks, the team from RLB customer business was able to achieve the top position in The spatial implementation of our customer management philosophy, and the concept and the communicative effectiveness of the new RLB financial consultancy service, were rewarded with the VICTOR 2005 award for the most innovative bank in Austria. The new ambience has also attracted many visitors: top guests at the RLB event platform included Finance Minister Karl-Heinz Grasser and Federal Minister Ursula Plassnik, as well as ORF luminary Hugo Portisch, swimming star Markus Rogan and award-winning chef Johanna Maier. RLB customer business on successful course The successful course of RLB customer business is clear from the results: a total increase in asset volume of 8.5 % and a historic rise of 6 % in savings deposits. Extremely positive development has also been recorded in securities business, with a rise of 24.4 % in securities deposit volume and 37 % in securities sales, and a 70.7 % rise in net earnings. In commercial customer management, the customer base and the assets volume have again been increased (+ 9 % and % respectively). Similarly, there has again been very good development in foreign business in 2005, as is clearly evident from an increase in the assets volume of 21.9 %. For RLB s Italian subsidiary (A Leasing SpA) also, 2005 has been a very successful year, with a result well in excess of the very optimistic forecasts. Growth has continued. The number of employees has increased from 28 to 37, reflecting the subsidiary s successful business development. In real estate business, the team has been newly formed in 2005 and the steady positive development has been continued with further additional commitments in Austria and abroad. Expansion of RLB Services However, important decisions were also taken in 2005 in respect of the further development of the RLB financial advisory service. With the opening of the new city arcades in Klagenfurt in March 2006, RLB is expanding its locations to include a new world of services, enabling customers to carry out routine banking transactions easily while they shop in Carinthia s biggest shopping centre. The Kardinalplatz office has moved into the main building on the St. Veiter Ring. Here, from 3 April 2006, customers have been enjoying a new dimension in the quality of service and advice. The known and trusted customer advisers from Kardinalplatz continue to support their customers and remain their first point of contact. This pleasing development extends over all areas: in private customer business alone, the assets volume rose by 5.9 %. As a result of active campaigning directed towards schools and young people generally, large numbers of new club members have joined in 2005 also (+309!). 6

7 Competence in business Stable revenue development for RLB In treasury business, our main focus is on the continuing further development of the Asset Allocation Process. On a basis of allocated risk capital, we invest mainly in interest markets, share positions and liquid credit products. Our control strategy is predominantly orientated towards earning revenues and reserves for RLB which will be stable in the long term. In addition, investment portfolios are held with which we aim to achieve short to medium term price results. These control strategies and our continually developing risk management enable us to make a significant contribution to the RLB result in treasury. RLB participation portfolio Our commitment in the sphere of participations is concentrated in three main areas: sector participations, which are intended to secure the long term competitive capability of the Raiffeisen Bankengruppe, participations which serve to support customer business, and participations aimed purely at return on investment. The participation portfolio of RLB Kärnten contains a total of 39 direct and 14 indirect participations. Our largest participation is in Raiffeisenzentralbank Österreich AG (RZB), the top bank within the Austrian Raiffeisen sector. Through this participation, we are involved in the so called network banks which RZB maintains in central and eastern Europe. In addition, we hold shares in specialist banks such as Raiffeisen Bausparkasse, Raiffeisen Leasing and Raiffeisen Capital Management, the products of which make Raiffeisen a comprehensive finance provider (Allfinanzanbieter). Unser Lagerhaus WHG has come to be regarded as a top enterprise within the Carinthian economy, and we are pleased to announce that it has again achieved a record result in the business year ended. By means of our participations, we put in place important economic initiatives in the country, securing jobs, maintaining the wealth creation chain and signalling our willingness to make an active contribution to shaping the economy of Carinthia. IT- services provided locally The increasing complexity of IT processes and settlement processes, continually increasing security requirements and auditing capability, together with a simultaneous demand for reduced budgets, have in the last few years led to many Carinthian computer centres being relocated abroad. In a decision that runs counter to this trend, the Raiffeisen Bankengruppe Kärnten has opted in favour of permanent capital investment in its own IT infrastructure, and has concluded targeted co-operation agreements with well known companies such as IBM Österreich, which bundle their IT services, in order to operate more effectively and innovatively as a locally based IT service provider for the entire economy of the Alps-Adriatic region. Through the bundling of the IT and processing services in the Raiffeisen computer centre, it is intended to offer the possibility, both to previous users and to public administrative bodies and small and medium sized operations in the Alps-Adriatic region, of making use of the technical and economic synergy and scaling effects of a large service enterprise. The Raiffeisen computer centre, as an open platform for service providers and users, thus brings significant added value to Carinthia as a centre for technology. The IT and processing services will be bundled in the Morogasse in 2006, thus creating further efficiency potential. A total capital investment volume of around 1.4 million euros has been allocated to this initiative. 7

8 Situation report 2005 I The course of business Competence in service provision Banking services in 2005 were characterised by the development of a joint marketing model for the entire Raiffeisen Bankengruppe in Carinthia. Together with the Raiffeisen computer centre and the IT advisory committee, a start was made on the development of the Raiffeisen Kärnten Portal, an integrated web-based platform for structured market working and customer oriented advice, thus putting the first steps in place for the implementation of this strategic policy. Entirely in keeping with the Structure follows Strategy slogan, a restructuring of the banks management is intended to guarantee for Raiffeisen banks in Carinthia an improvement in the provision of management services in respect of their quality and usefulness, on the basis of the marketing model. The organisational implementation for this concept will support us during Saving and investing Supported by the positive mood of the stock exchange, the volume of customer securities deposits in the Raiffeisen Bankengruppe in Carinthia has grown a further 29 % over the previous year, reaching 1.3 billion euros. In particular, investors benefited from the strongly rising Austrian share market. The fact that Carinthians favour building society savings as an attractive form of saving is demonstrated by the large number of new agreements concluded (15,621). Thus Carinthia broke through the 90,000 mark for the first time in 2005, with more than 91,300 building society savings agreements now concluded. Securing pensions and assets Raiffeisen became involved with the subject of private pension provision in autumn An important instrument is the Raiffeisen PensionsPlaner, which determines the governmental, company and private retirement provision for each customer and sets these out in an easy-to-view form. As a result, around 8,000 Raiffeisen life pensions were sold in Building and living The Carinthian construction industry has benefited from stimulating effects, with 53 million euros (+ 6 %) being made available in interest-favourable building association loans for new building and renovations. The right financing for what our customers want Leasing as a financing form is currently very popular in Carinthia. With a cash value increase of 28 % to 44.6 million euros, top results can be expected in A sales co-operation with Unser Lagerhaus WHG has been successfully implemented in the leasing for agricultural machinery and farmers sector. Secure and convenient payment The pushing through of account checks, and therefore the optimal structuring of customer account transactions for ongoing and recurring payments, were significant factors in the rate of increase in electronic payment processing. In 2005 a total of 28 million transactions were processed, of which 85 % were electronic. The increase in Internet crime through phishing and Trojan horses is to be regarded as a challenge in terms of providing information to our customers. Raiffeisen Internet systems have so far been able to withstand any attempted attacks from outside, and can thus still be described as the most secure of the Internet banking systems. Customer PCs (virus protection) or the extraction (phishing) of data about customers by means of s are currently the weak points, if proper care is not exercised. Intensive work is being undertaken into the provision of additional security measures as a support for our customers. Technological upgrading The preparations and agreements for a renewal of the Raiffeisen data network with an average 5-fold increase in bandwidth, without any increase in costs for the Raiffeisen Bankengruppe Kärnten, have been completed by the Raiffeisen computer centre. For the archiving and processing of EDP listings which have so far been shown by means of microfiche, there will in future be an electronic tamper-proof system available. Process analysis and optimisation in handling service Both in money transfers and in securities handling, the individual processes have been analysed and efficiency potential has been identified and implemented. 8

9 Competence in service provision We put our many decades of know how at the service of our association partners! 9

10 Situation report 2005 I Report of the Supervisory Board Report of the Supervisory Board In the financial year 2005, successful development has been continued and we have been able once again to exceed the previous year s result. There has been a slight improvement in the economic situation and it is to be hoped that a lasting upturn will develop from this. The Supervisory Board of Raiffeisenlandesbank has been informed in detail by the Board of Management, at the regular meetings of the Supervisory Board and the management committee, regarding the economic development of the company, and has carried out the tasks required of it by law and by the Articles of Association. The present annual accounts (balance sheet, income statement, notes and situation report) have been audited by the Österreichischer Raiffeisenverband, as the statutory auditing association, and have been accorded an unqualified audit opinion. The Supervisory Board has noted and approved the annual accounts and the audit result. At the general meeting, the further structural development of the audit, already under way, was brought to completion by the appointment of Mag. Bernhard Sonvilla and Mag. Ulrich Zafoschnig as audit managers. The appointment was made in the context of the provision on succession, and is effective from The Supervisory Board wishes the two audit managers every success in the execution of their responsibilities. In the context of the general meeting in 2006 there will be an opportunity for an appropriate expression of thanks for his many years of activity to Dir. Albin Mössler, who is retiring for reasons of age. In the year under review, contacts with representatives from the field of agriculture have been intensified in the context of the agriculture advisory committee. The medium term entrepreneurial concept as decided by the Board of Management and the Supervisory Board in the previous year is to be specified in greater detail in the context of more detailed strategy discussion. The successful Carinthian way is to be adapted to changing circumstances, in the interests of the ongoing further development of the sector association. In 2005, the period of office of the entire Supervisory Board (apart from one member) expired. ÖR Erwin Lerchster and Deputy Director Dr. Erwin Hermann have retired, or have not stood for re-election, by reason of their age. Thanks are due at this point to both members of the Supervisory Board for their many years of excellent work within the Carinthian Raiffeisen organisation, always finding a balance between the interests of the shareholder representatives and the interests of the Raiffeisenlandesbank. In the respective regional conferences, all the remaining members of the Supervisory Board were proposed for re-election. In addition, Mrs. Sonja Moritsch was proposed for election to the Supervisory Board for the region of Upper Carinthia, and Deputy Director Franz Obereder for the GL-Vereinigung. All members of the Supervisory Board, including the Chairman, were confirmed at the general meeting. The Supervisory Board wishes to express its thanks to the Board of Management and all staff in recognition of the work they have carried out in 2005 and for their willingness in service. A motivated and satisfied workforce is a guarantor for the continued positive development of Raiffeisenlandesbank in the future. Klagenfurt, 9 June 2006 Raiffeisenlandesbank Kärnten computer centre and auditing association, registered co-operative with limited liability For the Supervisory Board: Dkfm. Dr. Hans MALLIGA (honorary) Chairman of the Supervisory Board 10

11 Economic outlook for 2006: Improved mood in the Austrian economy The world economy is expected to remain in a healthy condition. There may be some reduction in growth in America and the south east Asian economic area, but the economic situation in the Euro area, on the other hand, is set to pick up, with a forecast growth rate of 2 %. This impetus is being mainly borne by an increase in exports. The risks attached to this positive outlook lie in the considerable performance defi cit of the USA and in the economic overheating of the Chinese economy. The international political situation is currently beset with considerable uncertainty, and there is a risk of a strong rise in oil prices which would also affect the development of the economic situation in Europe. The domestic economic situation is showing signs of recovery, with Austria s economy set to grow in real terms by 2.5 % in The economic recovery is being largely borne by exports and capital investment. Growth in goods exports in 2006 is likely to accelerate as a result of additional stimulus from Germany. An accelerated increase in private consumption and in capital investment activity is also expected. As a result of the economic recovery, there should be an increase in employment in 2006, with most new jobs arising in the part time sector. However, the percentage of unemployed is set to remain at 7.2 % (according to national calculation), since the supply of those available for work will also increase. For Carinthia, it is expected that the status can be maintained as in 2005, although developments on the employment market will continue to be the dominant theme and the main area for concern in Carinthia. In spite of high oil prices, there is likely to be a turning point in 2006 as far as price developments in the euro area are concerned. The upsurge in prices should fall below the 2 % barrier. An average annual rate of infl ation of 1.4 % is forecast for Austria. Under these framework conditions, it is assumed that the number of company insolvencies in Austria could rise slightly in 2006, in spite of the growth in the economy. Raiffeisenlandesbank Kärnten has set itself the aim of achieving a further increase in its result for 2006 also. The partnership model of the Carinthian way is to be developed further, in order to strengthen the culture of association and mutual trust within the Group, and to stimulate the culture of performance and success. Klagenfurt, 9 June 2006 Raiffeisenlandesbank Kärnten computer centre and auditing association, registered co-operative with limited liability Gen. Dir. Dr. Klaus PEKAREK (honorary) Chairman of the Board of Management 11

12 Situation report 2005 I The course of business Competence in business With our participations, we set the right course for Carinthia s economic future! 12

13 Annual accounts 2005 Raiffeisenlandesbank Kärnten computer centre and auditing association, registered co-operative with limited liability Bank branches: St. Veiter Ring Kardinalplatz Universität Feldkirchner Straße Summary Result %-change in thousands of euros Balance sheet total ,9 % Operating revenue ,5 % Operating expenses ,7 % Operating result ,1 % Profit on ordinary acitivity (POA) ,9 % Balance sheet profit ,6 % Return-on-Equity (ROE) 13,6 % 12,3 % Cost-Income-Ratio (CIR) 60,2 % 61,8 % The unabbreviated German-language annual accounts to of Raiffeisenlandesbank Kärnten, as disclosed in the company books, were accorded an unqualified audit opinion by the auditor of the accounts of the Österreichischer Raiffeisenverband. In accordance with 281 (2) HGB, we point out that this business report is an extract from the annual accounts as drawn up in the statutory form, which have been audited and confirmed by the Österreichischer Raiffeisenverband. The annual accounts will be published in the Raiffeisen Zeitung. Klagenfurt, 9 June 2006 Auditing association: Österreichischer Raiffeisenverband registered association Auditor: Mag. Olaf FUCHS 13

14 Annual accounts for 2005 I Balance sheet to 31 December 2005 Assets in EUR in thousands of euros 1. Cash in hand, and balances with central banks and post office banks 2. Public sector securities and bills eligible for rediscounting with the central bank a) Public sector securities and similar securities b) bills eligible for rediscounting with central banks 3. Loans to banks a) repayable on demand b) other loans 4. Loans and advances to customers 5. Debt securities and other fixed income securities a) public sector issuers b) other issuers thereof own debt securities 6. Shares and other variable yield securities 7. Investments in associates thereof banks 8. Interests in Group enterprises thereof banks 9. Intangible fixed assets 10. Tangible fixed assets thereof Land and buildings used by the Bank in its own activities 11. Own shares and shares in enterprises in which the Bank has a controlling or majority interest thereof nominal 12. Other assets 13. Capital subscribed and called but not yet paid 14. Prepayments and accrued and deferred income , , , , , , , , , , , , , , , , , , , , TOTAL ASSETS ,

15 Equity & Liabilities in EUR in thousands of euros 1. Amounts owed to banks a) repayable on demand b) with agreed maturities or periods of notice 2. Amounts owed to customers a) Savings deposits thereof: aa) repayable on demand ab) with agreed maturities or periods of notice b) Other liabilities thereof: ba) repayable on demand bb) with agreed maturities or periods of notice 3. Debt evidenced by certificates a) debt securities in issue b) other debts evidenced by certificates 4. Other liabilities 5. Accruals and deferred liabilities 6. Provisions a) Provisions for severance payments b) Provisions for pensions c) Tax provisions d) Other 6. A, General provision for bad and doubtful debts 7. Subordinated liabilities 8. Supplementary capital 9. Issued capital 10. Capital reserves a) appropriated b) not appropriated 11. Revenue reserves a) statutory reserve b) other reserves thereof appropriated reserves 12. Mandatory reserve ( 23 (6) BWG 13. Balance sheet profit 14. untaxed reserves a) Valuation reserve based on special depreciation allowances b) other untaxed reserves thereof: ba) Capital investment exemption amount ( 10 EStG 1988) bb) Reserve carried forward ( 12 EStG 1988) Total Equity & Liabilities , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

16 Annual accounts for 2005 I Movement of members Assets in EUR in thousands of euros 1. Foreign assets , Liabilities 1. Contingent liabilities thereof: a) acceptances and endorsements on discounted bills of exchange b) guarantees and other collateral securities 2. Loan exposures thereof: Liabilities arising from pension transactions 3. Liabilities arising from fiduciary activities 4. Eligible capital under 23 (14) BWG thereof: Capital under 23 (14) 7 BWG 5. Eligible capital under 22 (1) BWG thereof: eligible capital under 22 (1) 1 and 4 BWG 6. Foreign liabilities , , , , , , , , MOVEMENT OF MEMBERS Changes in the number of members and number of shares Number of members Number of shares Total liability Start ,00 Increase ,00 Decrease ,00 End ,00 16

17 Profit and loss account in EUR in thousands of euros 1. Interest receivable and similar income thereof: from fixed income securities 2. Interest payable and similar expense , , , I. Net interest income 3. Income from securities and equity interests a) Income from shares, other equity interests and variable rate securities b) Income from equity interests c) Income from associated enterprises 4. Commissions and fees receivable 5. Commissions and fees payable 6. Dealing income / expense 7. Other operating income , , , , , , , , , II. Operating income 8. General administrative expenses a) Staff costs thereof: aa) wages and salaries ab) costs of statutory social security contributions and other pay related and compulsory contributions ac) other staff benefits ad) expenses for pensions and other retirement benefits ae) allocation for pension provisions af) expenses for employees severance pay and pension funds b) other administrative expenses (materials) , , , , , , , , , , Depreciation and amortisation of fixed assets (balance sheet items 9 and 10) 10. Other operating expenses , ,97 63 III. Operating expenses , IV. Operating profit ,

18 Annual accounts for 2005 I Profit and loss account in EUR in thousands of euros Operating profit carried forward 11./12. Net gain/loss on disposal or revaluation of receivables, provisions for contingent liabilities and loan exposures 13./14. Net gain/loss on disposal or revaluation of securities treated as financial assets and of interests in associated companies , , ,68 14 V. Profit on ordinary activities 15. Extraordinary income thereof: Withdrawals from the fund for general bank risks 16. Extraordinary expenses thereof: Allocation to the fund for general bank risks 17. Extraordinary result. (subtotal from items 15 and 16) 18. Taxes on income and earnings 19. Other taxes not shown in item , , , VI. Annual surplus 20. Changes in reserves Dotierung [ - ] Auflösung [ + ] thereof: allocated to compulsory reserve released from compulsory reserve VII. Annual profit 21. Profit/loss carried forward , , , , VIII. Balance sheet profit ,

19 Raiffeisen in figures Data and facts %-chance Raiffeisen in Carinthia Number of co-operatives of which Raiffeisen banks incl. RLB Warehouse co-operatives Dairies 6 6 Livestock breeding and pasture co-operatives Electricity and district heating co-operatives Other Number of members Number of employees Raiffeisen Bankengruppe Kärnten (incl. RLB) Number of bank branches Number of members Number of employees Balance sheet total cumulative (in EUR 000) ,41 % Money under Management (in EUR 000) ,87 % of which savings deposits ,60 % of which customer securities ,10 % Lendings (in EUR 000) ,67 % Number of accounts Number of securities deposits Number of building society savings contracts Number of pension provision contracts Operating revenue (in EUR 000) ,22 % Operating expenses (in EUR 000) ,55 % Operating result (in EUR 000) ,37 % POA (in EUR 000) ,38 % Equity acc. to BWG (in EUR 000) ,07 % as % of evaluation basis 12,48 % 12,60 % (statutory requirement 8 %) Raiffeisen Warengruppe (incl. WHG) Number of warehouse sites Number of members Number of employees Total turnover (in EUR 000) Capital investment (in EUR 000)

20 Raiffeisen in Carinthia Raiffeisen Bankengruppe Kärnten In 2005 also, the Raiffeisen Bankengruppe Kärnten is undisputedly the strongest partner in banking business as is confirmed by the market research study carried out by FMDS (Finanzmarkt Datenservice, financial markets data service). Our market share of 37 % proves that the values we uphold, i.e. proximity to the customer, regional anchoring, competence in consultancy services and security of deposits, are valued by our customers. In particular, Raiffeisen above all stands for permanence. For example, last year the emphasis was very much on strategic policy in customer management, in order to enable us to continue to guarantee high quality and above all requirementorientated consultancy in the future also. Raiffeisen Bankengruppe Kärnten has drawn up a sales model which places customer requirements in the foreground, rather than any particular product. In addition, marketing and sales operations are being restructured and the resource input in management staff and employees is being strengthened. Brand maintenance The main points of Austria-wide communication policy have been appropriately implemented at provincial level in the sphere of advertising and publicity work. One highlight was the annual Geld und Gut ( money and assets ) campaign with ORF, in which viewers were comprehensively informed about the main important topics relating to money, insurance and pensions in the Kärnten heute ( Carinthia today ) programme. There have also been numerous events aimed at target groups, particularly the traditional economic forum, the first big event of the year for medium sized enterprises and managers in the Province. Swimming champion Markus Rogan spoke on the subject: Success is yours if you believe in it. In April, we were delighted to welcome over 600 investors at presentations in connection with the IPO of Raiffeisen International. A few weeks later, Hugo Portisch offered some historical food for thought in his talk European perspectives where did we come from and where are we going?. In autumn, a discussion round table event was held in co-operation with Catholic Action on the subject of Industry versus ethics, in the presence of Bishop Dr. Alois Schwarz. In addition to sponsoring cultural and scientific initiatives, we have continued our longstanding co-operation in the field of agriculture and forest management. In the field of sport, in the year under review we sponsored the running project in co-operation with Kleine Zeitung. The high point was the Wörthersee half marathon from Velden to Klagenfurt, held in August. Raiffeisen Bankengruppe Kärnten was once again presented with the FITTESTES UNTERNEHMEN ( fittest company ) award. Raiffeisen Club Kärnten on record course For the first time in the history of the Raiffeisen Club Kärnten, the number of members has exceeded 50,000. By the end of December 2005, the biggest youth club in Austria had 50,504 members in Carinthia, with 5,967 young people aged up to 27 joining over the year, a rise of almost 14 %. Under its slogan Da ist was los! ( Something s going on! ), the Raiffeisen Club has had plenty to offer in A consistent membership strategy, from Juniors to schoolchildren to apprentices/students, is reflected in the membership numbers. The strong growth in the youth sector is the result of active working of this target group by the youth services managers of Carinthian Raiffeisenbanken and a strong marketing co-operation with Carinthian schools. The modified new media activities (new home page, SMS service), target group events in the sports and creative fields, and the increasing number of Raiffeisen Club advantage partners are also responsible for the growth. 20

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

nine months statement

nine months statement nine months statement 22 Brüder Mannesmann Aktiengesellschaft Remscheid Brüder Mannesmann AG is a trading group with two orientations the worldwide trading in tools and the trading in pipe fittings for

More information

Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006

Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006 Consolidated Financial and Performance Review for the First Quarter of Fiscal Year Ending March 2007 July 28, 2006 Company Name: URL: Representative: Inquiries: Kenwood Corporation (Code No. 6765, Stock

More information

Unaudited Financial Report

Unaudited Financial Report RECRUITING SERVICES Amadeus FiRe AG Unaudited Financial Report Quarter I - 2015 Temporary Staffing. Permanent Placement Interim Management. Training www.amadeus-fire.de Unaudited Amadeus FiRe Group Financial

More information

Announcement of Financial Results 1999. for. Den Danske Bank Group

Announcement of Financial Results 1999. for. Den Danske Bank Group Announcement of Financial Results 1999 for Den Danske Bank Group 2 Den Danske Bank Group Highlights Core earnings and net profit for the year (DKr million) 1999 1998 1997 1996 1995 Net interest income,

More information

mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com

mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com Date: 27 August 2015 For information: mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com Growth of 20% in net result, excluding non-recurring items, to EUR 8.3

More information

Consolidated Financial Results for Six Months Ended September 30, 2007

Consolidated Financial Results for Six Months Ended September 30, 2007 Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,

More information

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

5. Provisions for decrease in value of marketable securities (-)

5. Provisions for decrease in value of marketable securities (-) Balance sheet ASSETS I. CURRENT ASSETS A. Liquid Assets: 1. Cash. 2. Cheques received. 3. Banks. 4. Cheques given and payment orders (-). 5. Other liquid assets. B. Marketable Securities: 1. Share certificates.

More information

Summary Statement of Second Quarter Settlement of Accounts Fiscal Year Ending March 31, 2009

Summary Statement of Second Quarter Settlement of Accounts Fiscal Year Ending March 31, 2009 JASDAQ November 7, 2008 Summary Statement of Second Quarter Settlement of Accounts Fiscal Year Ending March 31, 2009 Listed Company Name: Plaza Create Co., Ltd. Listed Market: JASDAQ Code Number: 7502

More information

Financial Overview INCOME STATEMENT ANALYSIS

Financial Overview INCOME STATEMENT ANALYSIS In the first half of 2006, China s economy experienced steady and swift growth as evidenced by a 10.9% surge in GDP. In order to prevent the economy from getting overheated and to curb excess credit extension,

More information

Interim report as at 31 March 2015

Interim report as at 31 March 2015 Interim report as at 31 March 2015 Increase of unit sales, revenue and profit Dividend raises to 1.60 per share Fielmann expects continuation of positive business performance Fielmann Aktiengesellschaft

More information

2014/2015 The IndusTrIal Group

2014/2015 The IndusTrIal Group Q2 2014/2015 Half-Year Interim Report 2014/2015 1 April to 30 September 2014 The Industrial Group The first six months of financial year 2014/2015 at a glance Incoming orders increased in the first half

More information

2OO 6 9 MONTHS REPORT 2OO 7

2OO 6 9 MONTHS REPORT 2OO 7 2OO 6 9 MONTHS REPORT 2OO 7 Hönle at a glance Hönle Group Figures 1) 2006/2007 2005/2006 Changes 9 months 9 months Income Statement T T in % Revenues 19,055 17,081 11.6 EBITDA 3,504 2,661 31.7 EBIT 3,005

More information

9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast

9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast /08 9-MONTHS REPORT Stable development of business in Q3 Lila Logistik confirms full-year forecast Key figures for the first three quarters of 2008 in accordance with IFRS 01.01. 01.01. Change in Change

More information

Quarter Report 2014 ESSANELLE HAIR GROUP AG

Quarter Report 2014 ESSANELLE HAIR GROUP AG Quarter Report 2014 ESSANELLE HAIR GROUP AG Q1 2 Q1/2014 ESSANELLE HAIR GROUP KEY FIGURES for 1 January to 31 March 2014/2013 (IFRS) million 2014 2013 Change* Consolidated sales 32.3 30.8 +4.7% essanelle

More information

Consolidated and Non-Consolidated Financial Statements

Consolidated and Non-Consolidated Financial Statements May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,

More information

CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009

CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 (March 1, 2009 to May 31, 2009) July 9, 2009 F&A Aqua Holdings, Inc. is listed on the First Section of the Tokyo Stock Exchange under the securities

More information

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 on the first nine months of fiscal 2005/06 (December 1, 2005, to August 31, 2006) BUSINESS DEVELOPMENT IN THE FIRST NINE MONTHS OF FISCAL 2005/06 According

More information

Interim report as at 30 September 2015

Interim report as at 30 September 2015 Interim report as at 30 September 2015 Fielmann improves unit sales, revenue and profit Specialists of tomorrow: 3,000 apprentices Fielmann creates 500 new jobs Fielmann Aktiengesellschaft Group interim

More information

Small Company Limited. Report and Accounts. 31 December 2007

Small Company Limited. Report and Accounts. 31 December 2007 Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account

More information

Quarterly Report II/2004

Quarterly Report II/2004 Quarterly Report II/ Foreword Group management report Dear Shareholders, Result of operations Stagnating share prices and declining trading volumes dominated the German stock exchanges in Q2. The hike

More information

Williams Grand Prix Holdings PLC

Williams Grand Prix Holdings PLC Registration number: 07475805 Williams Grand Prix Holdings PLC Condensed Consolidated Financial Statements for the 6 month period ended Consolidated Profit and Loss Account for the 6 Months Ended Note

More information

Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley

Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley Financial Publication for Fiscal Year Ended March 31, 2009 June 30, 2009 Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley

More information

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards]

Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards] The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued

More information

Logwin AG. Interim Financial Report as of 31 March 2015

Logwin AG. Interim Financial Report as of 31 March 2015 Logwin AG Interim Financial Report as of 31 March 2015 Key Figures 1 January 31 March 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 274,433 278,533 Change on 2014-1.5% Solutions 101,821

More information

Bank BPH Group Financial Report. 3 quarters

Bank BPH Group Financial Report. 3 quarters Bank BPH Group Financial Report 3 quarters SELECTED FINANCIAL DATA 3 quarters in accruals (current year) from 01.01. to 30.09. PLN'000 3 quarters in accruals (previous year) from 01.01. to 30.09. 3 quarters

More information

Press Release Corporate News Vienna, 18 March 2015

Press Release Corporate News Vienna, 18 March 2015 Press Release Corporate News Vienna, 18 March 2015 IMMOFINANZ with stable operating performance in the first three quarters, Net profit reduced New share buyback program resolved KEY FIGURES (in MEUR)

More information

2008 SJ Group Report. Contents. SJ Holdings Inc. 2007.4.1-2008.3.31

2008 SJ Group Report. Contents. SJ Holdings Inc. 2007.4.1-2008.3.31 Securities code : 2315 28 SJ Group Report 27.4.1-28.3.31 Contents A Message to Our Shareholders 1 Consolidated Results and Assets and Liabilities 2 Breakdown of Results (1): By Business Category 3 Breakdown

More information

2014/2015 The IndusTrIal Group

2014/2015 The IndusTrIal Group Q1 2014/2015 Interim Report 1 April to 30 june 2014 The Industrial Group The essentials at a glance in the first quarter Big increase in incoming orders, sales on par with previous year, earnings considerably

More information

Travel24.com AG. Quarterly Report Q1 2015

Travel24.com AG. Quarterly Report Q1 2015 Travel24.com AG Quarterly Report Q1 2015 2 Selected Key Group Data January 1 - March 31 Change In thousands of euro 2015 2014 % Revenue 4,494 7,810-42 % EBIT 806 1,231-35 % Net profit 66 518-87 % Earnings

More information

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP]

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] October 27, 2010 Company Name: KOITO MANUFACTURING CO., LTD. Stock Listing: First Section, Tokyo Stock Exchange Code Number:

More information

Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012

Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012 Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012 Overview of key figures EARNINGS 1 Jan. - 30 Sept. 2012 1 Jan. - 30 Sept. 2011 Change % Net interest income thou. 4.06 4.66-13.0

More information

Summarized Business Results Consolidated Financial Statements for Fiscal 2003

Summarized Business Results Consolidated Financial Statements for Fiscal 2003 Summarized Business Results Consolidated Financial Statements for For Immediate Release May 23, 2003 The management of Focus Systems Corporation (4662 JASDAQ), is pleased to inform you of the Company s

More information

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS QUARTERLY STATEMENT AS OF MARCH 31, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has made a dynamic start in the 2015 financial year and continues

More information

March 31, 2006 TABLE OF CONTENTS

March 31, 2006 TABLE OF CONTENTS March 31, 2006 TABLE OF CONTENTS Managing Director s review 2 Lending 3 Funding 3 Risk management and internal audit 4 Capital adequacy and own funds 4 Credit Ratings 4 Operating result 4 Personnel and

More information

Interim report as at 30 September 2014

Interim report as at 30 September 2014 Interim report as at 30 September 2014 Fielmann increases unit sales, revenue and profit Result registers significant growth in the 3 rd quarter of 2014 Fielmann trains more than 2,900 opticians Fielmann

More information

Consolidated Quarterly Report of Baader Bank AG as at 31.03.2015

Consolidated Quarterly Report of Baader Bank AG as at 31.03.2015 Consolidated Quarterly Report of Baader Bank AG as at 31.03.2015 OVERVIEW OF KEY FIGURES RESULTS OF OPERATIONS Q1 2015 Q1 2014 Change in % Net interest income EUR thousand -95 869 >-100.0 Current income

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT

SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT SIMPLIFIED CONSOLIDATED BALANCE SHEET ASSETS in thousand euro Year 2002 A. SUBSCRIBED CAPITAL UNPAID 0 0 of which called-up capital ( 0 ) B.

More information

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATED INTERIM FINANCIAL STATEMENTS CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND GROUP INTERIM MANAGEMENT REPORT SECOND QUARTER OF 2008 JUNE 30, 2008 FRANCONOFURT AG FRANKFURT AM MAIN FRANCONOFURT AG, FRANKFURT AM MAIN CONSOLIDATED INTERIM

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

Kurita Water Industries Reports Earnings for the First Half Ended September, 2004

Kurita Water Industries Reports Earnings for the First Half Ended September, 2004 FOR IMMEDIATE RELEASE Kurita Water Industries Reports Earnings for the First Half Ended September, Tokyo Japan November 4, Kurita Water Industries Ltd. (TSE Security Code 6370) announced revenue for the

More information

Management s Review. For more details, please see the Management s Review in the Consolidated Financial Statements.

Management s Review. For more details, please see the Management s Review in the Consolidated Financial Statements. Management s Review Principal activities Arla Foods amba and its subsidiary enterprises operate dairy activities based on milk weighed in by its members in Denmark, Sweden, Germany and now also the United

More information

Annual Report 2007 COMMERCIAL FINANCE WWW.INGCOMFIN.PL

Annual Report 2007 COMMERCIAL FINANCE WWW.INGCOMFIN.PL 2007 Annual Report 2007 COMMERCIAL FINANCE WWW.INGCOMFIN.PL It is with pleasure that I present to you the Annual Report of 2007 which describes the activity of ING Commercial Finance Polska S.A. Last year

More information

VIII. Parent company financial statements Credit Suisse (Bank) 339 Report of the Statutory Auditors. 340 Financial review. 341 Statements of income

VIII. Parent company financial statements Credit Suisse (Bank) 339 Report of the Statutory Auditors. 340 Financial review. 341 Statements of income VIII Parent company financial statements Credit Suisse (Bank) 339 Report of the Statutory Auditors 340 Financial review 341 Statements of income 342 Balance sheets 343 Off-balance sheet business 344 Notes

More information

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP)

Summary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP) This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the Second

More information

3 MONTH REPORT AS AT 31 DECEMBER 2014

3 MONTH REPORT AS AT 31 DECEMBER 2014 3 MONTH REPORT AS AT 31 DECEMBER 2014 KEY FIGURES IFRS in KEUR 10/2014 12/2014 10/2013 12/2013 Difference in % Earnings situation Sales revenues 61,403 56,296 5,107 9% EBITDA 7,159 5,901 1,258 21% EBITDA

More information

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011) November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company

More information

PRESS RELEASE. Board of Directors approves results as of December 31 2014

PRESS RELEASE. Board of Directors approves results as of December 31 2014 PRESS RELEASE Board of Directors approves results as of December 31 2014 SOGEFI (CIR GROUP): REVENUES AT OVER 1.3 BLN (+1.1%; +4.7% AT SAME EXCHANGE RATES), NET INCOME AT 3.6 MLN MARGINS LOWER BECAUSE

More information

Consolidated Financial Report 2009

Consolidated Financial Report 2009 Consolidated Financial Report 2009 Fiscal year ended March 31, 2009 Management's Discussion and Analysis Forward-looking statements in this document represent the best judgment of the Kagome Group as of

More information

Letter to shareholders 1. Quarter of

Letter to shareholders 1. Quarter of Letter to shareholders 1. Quarter of 216 JDC Group Financial Services Annual Report 27 2 Dr. Sebastian Grabmaier CEO Ralph Konrad CFO 3 Management Board letter to shareholders Dear Shareholders, Dear Business

More information

Consolidated Half-Year Report of Baader Bank AG as at 30.06.2014

Consolidated Half-Year Report of Baader Bank AG as at 30.06.2014 Consolidated Half-Year Report of Baader Bank AG as at 30.06.2014 OVERVIEW OF KEY FIGURES RESULTS OF OPERATIONS 01.01-30.06.2014 01.01-30.06.2013 Change in % Net interest income thousand 1,017 1,991-48.9

More information

Quarterly Financial Report March 31, 2009. MBB Industries AG. Berlin

Quarterly Financial Report March 31, 2009. MBB Industries AG. Berlin Quarterly Financial Report March 31, 2009 MBB Industries AG. Berlin Quarterly Financial Report March 31, 2009 MBB Industries AG MBB Industries in Numbers 03 MBB Industries in Numbers Three Month (Jan.

More information

The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC Holdings plc.

The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC Holdings plc. We only advise on our own life assurance, pensions and unit trusts The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC

More information

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp

More information

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012 The Awa Bank, Ltd. Consolidated Financial Statements Years ended March 31, 2011 and 2012 Consolidated Balance Sheets (Note 1) 2011 2012 2012 Assets Cash and due from banks (Notes 3 and 4) \ 230,831 \

More information

(April 1, 2015 June 30, 2015)

(April 1, 2015 June 30, 2015) Financial Results Summary of Consolidated Financial Results For the Three-month Period Ended June 30, 2015 (IFRS basis) (April 1, 2015 June 30, 2015) *This document is an English translation of materials

More information

Consolidated Financial Statements 2009

Consolidated Financial Statements 2009 Consolidated Financial Statements 2009 (April 1, 2009 - March 31, 2010) Senkon Logistics Co., Ltd. CONSOLIDATED BALANCE SHEET ASSETS (As of March 31,2009) (As of March 31,2010) Current assets Cash and

More information

DEUFOL SE JOHANNES-GUTENBERG-STR. 3 5 65719 HOFHEIM (WALLAU), GERMANY PHONE: + 49 (61 22) 50-00 FAX: + 49 (61 22) 50-13 00 WWW.

DEUFOL SE JOHANNES-GUTENBERG-STR. 3 5 65719 HOFHEIM (WALLAU), GERMANY PHONE: + 49 (61 22) 50-00 FAX: + 49 (61 22) 50-13 00 WWW. SEMI-ANNUAL REPORT 5 Key Figures for the Deufol Group figures in thousand 6M 2015 6M 2014 Results of operations Revenue (total) 152,088 141,450 Germany 83,770 77,730 Rest of the World 68,318 63,720 International

More information

Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013

Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013 Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013 September 27, 2012 Company name Aeon Mall Co., Ltd. Listings The First Section

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the

More information

Financial Results for the Nine-Month Period Ended March 31, 2013

Financial Results for the Nine-Month Period Ended March 31, 2013 Financial Results for the Nine-Month Period Ended March 31, 2013 May 14, 2013 Company name: ZERO CO., LTD. Code No: 9028 Tokyo Stock Exchange (Second Section) (URL http://www.zero-group.co.jp/) Representative:

More information

FINANCIAL REPORT H1 2014

FINANCIAL REPORT H1 2014 FINANCIAL REPORT H1 2014 HIGH SPEED BY PASSION 02_Key Figures 03_Group Status Report 05_Consolidated Financial Statements 10_Notes 11_Declaration of the Legal Representatives 02 PANKL KEY FIGURES EARNING

More information

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008)

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) February 5, 2009 Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) Company name: KOSÉ Corporation Stock listing: Tokyo Stock

More information

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER

More information

Consolidated Financial Results

Consolidated Financial Results UFJ Holdings, Inc. November 25, 2003 For the Six Months Ended September 30, 2003 UFJ Holdings, Inc. today reported the company's consolidated financial results for the six months ended September 30, 2003.

More information

Sydbank s preliminary announcement of 2006 annual results

Sydbank s preliminary announcement of 2006 annual results Copenhagen Stock Exchange London Stock Exchange Bourse de Luxembourg Other stakeholders Stock Exchange Announcement No 01/07 Group Executive Management Peberlyk 4 PO Box 1038 DK-6200 Aabenraa Tel +45 74

More information

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8%

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% IR release 2 November 2015 Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% Operating profit in Group in third quarter at EUR 429 m (Q3 2014:

More information

West Japan Railway Company

West Japan Railway Company (Translation) Matters to be disclosed on the Internet in accordance with laws and ordinances and the Articles of Incorporation NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO NON-CONSOLIDATED FINANCIAL

More information

Addresses. Corporate Equity Partners AG. Subsidiaries. Company s Registered Head Office: Obmoos 4 CH 6301 Zug Switzerland. The Fantastic IP GmbH

Addresses. Corporate Equity Partners AG. Subsidiaries. Company s Registered Head Office: Obmoos 4 CH 6301 Zug Switzerland. The Fantastic IP GmbH Corporate Equity Partners Group 9 Month Financial Statements 2009 Addresses Corporate Equity Partners AG Company s Registered Head Office: Obmoos 4 CH 6301 Zug Switzerland Subsidiaries The Fantastic IP

More information

VII. Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors. 283 Consolidated statements of income

VII. Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors. 283 Consolidated statements of income VII Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors 283 Consolidated statements of income 284 Consolidated balance sheets 286 Statements of changes in shareholder

More information

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President

More information

The Sumitomo Warehouse Co., Ltd.

The Sumitomo Warehouse Co., Ltd. Consolidated Financial Results for the Year Ended March 31, 2014[ Japan GAAP ] May 13, 2014 The Sumitomo Warehouse Co., Ltd. Securities code: 9303 Stock exchange listings: URL: Representative: Inquiries:

More information

January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016

January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 <under Japanese GAAP> Translation January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 Company name: Alpine Electronics, Inc. Listing: First

More information

(amounts in USD/GBP/CYP/MKD/CSD)

(amounts in USD/GBP/CYP/MKD/CSD) @CONSOLIDATED COMPANY @ CODE COMPANY NAME 1045 ALPHA ASSET FINANCE C.I. LTD @TABLE : - ASSETS @FOR THE CONSOLIDATED FINANCIAL STATEMENTS OF ALPHA BANK GROUP 31.12.2005 @ACCOUNT CODE ACCOUNT DESCRIPTION

More information

Partnership Life Assurance Company Limited

Partnership Life Assurance Company Limited Partnership Life Assurance Company Limited Annual PRA Insurance Returns for the year ended 31 December 2013 IPRU(INS) Appendices 9.1, 9.3, 9.4, 9.6 Contents Balance Sheet and Profit and Loss Account Form

More information

Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP]

Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP] Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP] November 6, 2015 Company name: Shibaura Electronics Co., Ltd. Stock exchange listing: Tokyo Stock Exchange Code

More information

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend IR release 12 February 2016 Commerzbank: Strategy successful net profit of over 1 billion euros and dividend Operating profit in 2015 more than doubled to EUR 1,909 m (2014: EUR 689 m) Operating profit

More information

3 M O N T H S R E P O R T 2 O O 3 / 2 O O 4

3 M O N T H S R E P O R T 2 O O 3 / 2 O O 4 3 M O N T H S R E P O R T 2 O O 3 / 2 O O 4 Content 03 Hönle at a glance 04 Letter to the Shareholders 06 Management Report 09 Consolidated financial statement 17 Shareholdings of the corporate bodies

More information

Consolidated Financial Statements (For the fiscal year ended March 31, 2013)

Consolidated Financial Statements (For the fiscal year ended March 31, 2013) Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction

More information

QUARTERLY REPORT 1/2001

QUARTERLY REPORT 1/2001 Industrial Automation 4CONTROL Automotive Electronics We set Standards in Control and Communication Technology Softing Everything under 4CONTROL For the first three months of 2001, turnover and EBIT of

More information

Pioneer Announces Business Results for Fiscal 2014

Pioneer Announces Business Results for Fiscal 2014 For Immediate Release May 12, 2014 Pioneer Announces Business Results for Fiscal 2014 Pioneer Corporation today announced its consolidated business results for fiscal 2014, the year ended March 31, 2014.

More information

Quarterly Financial Report Q1 2008

Quarterly Financial Report Q1 2008 This is a translation of the german Quarterly Financial Report Q1 2008 of Business Media China AG. Please be aware that only the original version is legally binding. Quarterly Financial Report Q1 2008

More information

Chart of Accounts for Banks

Chart of Accounts for Banks Chart of Accounts for Banks ASSETS Cash and Cash Equivalents 1 0 0 1 Cash in vault 1 0 0 2 Cash in ATM 1 0 0 3 Cash in transit 1 0 0 4 Damaged notes 1 0 0 5 Travellers cheques 1 0 0 6 Items for collection:

More information

SEMI-ANNUAL REPORT 2000

SEMI-ANNUAL REPORT 2000 We set world standards in control and communication technology in our fields of business Industrial Automation and Automotive Electronics Softing continues to grow during the first six months of 2000 With

More information

PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS

PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS December 2014 PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS (1) The balance sheet and income statement are in euros, rounded up to integers. Amounts recorded in foreign currencies must be converted into

More information

Dear shareholders, TAKKT highlights during the first six months of 2001. The TAKKT group. Half-year report 2001

Dear shareholders, TAKKT highlights during the first six months of 2001. The TAKKT group. Half-year report 2001 Half-year report 2001 Stuttgart, July 2001 Dear shareholders, TAKKT AG continued its dynamic development during the first six months of 2001. Compared to the same period last year, the group increased

More information

HABIB BANK LIMITED BALANCE SHEET AS AT MARCH 31, 2005 (Unaudited) (Audited) March 31, December 31, Note 2005 2004 (Rupees in '000) ASSETS

HABIB BANK LIMITED BALANCE SHEET AS AT MARCH 31, 2005 (Unaudited) (Audited) March 31, December 31, Note 2005 2004 (Rupees in '000) ASSETS HABIB BANK LIMITED BALANCE SHEET AS AT MARCH 31, 2005 (Unaudited) (Audited) Note ASSETS Cash and balances with treasury banks 31,546,678 31,934,375 Balances with other banks 28,226,519 24,005,342 Lendings

More information

The first quarter was highlighted by:

The first quarter was highlighted by: Mercantile Bank Corporation Reports Strong First Quarter 2013 Results Diluted earnings per share increased 79 percent Continued asset quality improvement and outlook remains positive GRAND RAPIDS, Mich.,

More information

Interim report as at 31 March 2014. Unit sales, revenue and profit increase Dividend increases to 2.90 per share Stock split ratio of two-for-one

Interim report as at 31 March 2014. Unit sales, revenue and profit increase Dividend increases to 2.90 per share Stock split ratio of two-for-one Interim report as at 31 March 2014 Unit sales, revenue and profit increase Dividend increases to 2.90 per share Stock split ratio of two-for-one Fielmann Aktiengesellschaft Group interim report as at 31

More information

Interim consolidated financial statements as of September 30, 2007

Interim consolidated financial statements as of September 30, 2007 1 Interim consolidated financial statements as of September 30, 2007 January 1 through September 30, 2007 MeVis Medical Solutions AG laying the foundation for further dynamic growth: Sales plus other operating

More information

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia Project LINK Meeting New York, - October 1 Country Report: Australia Prepared by Peter Brain: National Institute of Economic and Industry Research, and Duncan Ironmonger: Department of Economics, University

More information

Financial Results for the Six Months Ended December 31, 2015 [Japanese GAAP] (Non-consolidated)

Financial Results for the Six Months Ended December 31, 2015 [Japanese GAAP] (Non-consolidated) Financial Results for the Six Months Ended December 31, 2015 [Japanese GAAP] (Non-consolidated) Company name: WELLNET CORPORATION Stock exchange listing: Tokyo Stock Exchange Code number: 2428 URL: http://www.well-net.jp

More information

Notes to Consolidated Balance Sheet

Notes to Consolidated Balance Sheet Notes to Consolidated Balance Sheet 1. Amounts less than one million yen have been omitted. 2. Standards for recognition and measurement of trading assets and liabilities are as follows: Recognition: Trading

More information

Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016

Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016 Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016 [Japan GAAP] July 21, 2015 Listed company name: YASKAWA Electric Corporation http://www.yaskawa.co.jp/en/ Representative:

More information

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability 2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth

More information

Consolidated Half-year Report of Baader Bank AG as at 30 June 2015

Consolidated Half-year Report of Baader Bank AG as at 30 June 2015 Consolidated Half-year Report of Baader Bank AG as at 30 June 2015 OVERVIEW OF KEY FIGURES RESULTS OF OPERATIONS 01.01.-30.06.2015 01.01.-30.06.2014 Change in % Net interest income EUR thousand -100 1,017

More information

NN Group N.V. 30 June 2015 Condensed consolidated interim financial information

NN Group N.V. 30 June 2015 Condensed consolidated interim financial information Interim financial information 5 August NN Group N.V. Condensed consolidated interim financial information Condensed consolidated interim financial information contents Condensed consolidated interim

More information