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In the year under review Raiffeisen-Landesbank Tirol AG’s regulatory capital rose by 0.7 per cent, or 2.71 million euros, to 376.58 million
euros.
The 2012 operating income was 0.3 per cent, or 0.34 million euros down, at 110.24 million euros. This was largely due to a 6.2 per cent,
or 1.46 million euros fall in the commission income, to 22.09 million euros. Income from securities and participating interests was slightly
down, by 0.9 per cent or 0.13 million euros, at 15.09 million, while net interest income was up 1.2 per cent, or 0.70 million euros, to 57.73
Regulatory capital pursuant to Section 23 BWG
31.12.2012 31.12.2011 31.12.2010
Change
Thousands of
euros
Thousands of
euros
Thousands of
euros
Thousands of
euros
per cent
Subscribed capital
84,950
84,950
84,950
Reserves
277,883
275,170
265,899
Intangible assets
0
0
0
CORE CAPITAL
362,833
360,120
350,849
2,713
0.8%
Subordinate capital
13,752
13,752
13,752
SUPPLEMENTARY CAPITAL
13,752
13,752
13,752
0
0.0%
REGULATORY CAPITAL before deductions
376,585
373,872
364,601
2,713
0.7%
Deduction pursuant to Section 23 (13) BWG
–2
–2
–2
Short-term subordinate capital
0
0
0
TOTAL REGULATORY CAPITAL
376,583
373,870
364,599
2,713
0.7%
Income statement
2012
2011
Change
Millions of
euros
Millions of
euros
Millions of
euros
per cent
Net interest income
57.73
57.03
0.70
1.2%
Income from securities
and participating interests
15.09
15.22
–0.13
–0.9%
Commission income
22.09
23.55
–1.46
–6.2%
Profit/loss from financial transactions
3.37
3.24
0.13
4.0%
Other operating income
11.96
11.54
0.42
3.6%
OPERATING INCOME
110.24
110.58
–0.34
–0.3%
Personnel costs
–38.91
–36.67
2.24
6.1%
Other administrative costs
(operating expenses)
–24.79
–24.66
0.13
0.5%
Impairment losses on
assets
–2.78
–3.05
–0.27
–8.9%
Other operating costs
–0.68
–1.79
–1.11
–62.0%
TOTAL OPERATING COSTS
–67.16
–66.17
0.99
1.5%
OPERATING PROFIT
43.08
44.41
–1.33
–3.0%
Net expense for
impairment losses on receivables
–12.76
–21.02
–8.26
–39.3%
Net expense for
impairment losses on securities and participating interests
–5.53
0.82
–6.35
–774.4%
Profit from ordinary activities
24.79
24.21
0.58
2.4%
Management report