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24
Management report
Review of operations in 2012
Raiffeisen-Landesbank Tyrol AG can look back on a satisfactory 2012, one in which we even succeeded in slightly increasing our prof-
it from ordinary activities. This was primarily due to a moderate rise in operating expenses, coupled with a significant reduction in impair-
ment losses on receivables.
Balance sheet liabilities fell to 7,069.63 million euros, a difference of 286.08 million euros or –3.9 per cent as compared with 2011. This
drop was chiefly the result of a marked reduction in our liabilities to banks. At the end of the year, these came to 3,506 million euros,
446.41 million euros or 11.3 per cent down on the 2011 figure. Meanwhile, current account deposits rose by 20 per cent, or 169.15 million
euros, to 1,016.25 million euros, whereas savings deposits fell by 1.9 per cent to 599.27 million euros, representing a fall of 11.65 million
euros. Liabilities evidenced by paper underwent a slight rise, by 0.6 per cent or 8.32 million euros to 1,387.50 million euros, while equity
was up 0.8 per cent, or 2.71 million euros, to 362.83 million euros. Other liabilities were 8.20 million euros down, at 197.78 million euros,
representing a drop of four per cent.
Balance sheet total in millions of euros
31.12.2005
31.12.2006
31.12.2007
31.12.2008
31.12.2009
31.12.2010
31.12.2011
31.12.2012
4,882
4,758
5,047
6,654
7,296
7,182
7,356
7,070
Origin of funds and capital structure
31.12.2012
31.12.2011
Change
millions of
euros
per cent
millions of
euros
per cent
millions of
euros
per cent
Liabilities to
banks
3,506.00
49.6% 3,952.41
53.7%
–446.41
–11.3%
Current account deposits
1,016.25
14.4%
847.10
11.5%
169.15
20.0%
Savings account deposits
599.27
8.5%
610.92
8.3%
–11.65
–1.9%
Liabilities evidenced by
paper
1,387.50
19.6% 1,379.18
18.7%
8.32
0.6%
Equity
362.83
5.1%
360.12
4.9%
2.71
0.8%
Other liabilities
197.78
2.8%
205.98
2.8%
–8.20
–4.0%
Equity and liabilities
7,069.63
100.0% 7,355.71
100.0%
–286.08
–3.9%