23
Management report
Review of operations in 2014
Operating income as at 31.12.2014 amounted to 7,079 million euros, lower than the comparable figure at year end 2013. It decreased by
3 per cent. This corresponds to a difference of 220 million euros. Equity increased by 3.5 per cent to 385 million euros in the financial year
2014. Current account deposits, too, were higher, increasing by 10.2 per cent and totalling 1,199 million euros as at 31.12.2014. Liabilities
to banks were reduced from 3,697 million euros to 3,535 million euros. This constitutes a decrease of 4.4 per cent. Compared to the
previous year, savings account deposits decreased by 6.4 per cent to 499 million euros and liabilities evidenced by paper were down by
8.9 per cent to 1,313 million euros. Other liabilities decreased by 20 million euros to 148 million euros, a downturn of 11.9 per cent.
Balance sheet total in millions of euros
31.12.2008
31.12.2009
31.12.2010
31.12.2011
31.12.2012
31.12.2013
31.12.2014
6,654
7,296
7,182
7,356
7,070
7,299
7,079
Origin of funds and capital structure
31.12.2014
31.12.2013
Change
Millions of
euros
Per cent
Millions of
euros
Per cent
Millions of
euros
Per cent
Liabilities to banks
3,535
49.9%
3,697
50.7%
–162
–4.4%
Current account deposits
1,199
16.9%
1,088
14.9%
111
10.2%
Savings account deposits
499
7.1%
533
7.3%
–34
–6.4%
Liabilities evidenced by
paper
1,313
18.6%
1,441
19.7%
–128
–8.9%
Equity
385
5.4%
372
5.1%
13
3.5%
Other liabilities
148
2.1%
168
2.3%
–20
–11.9%
Equity and liabilities
7,079
100.0%
7,299
100.0%
–220
–3.0%
Raiffeisen-Landesbank Tirol AG can look back on a satisfactory 2014. Operating income improved by 3.7 per cent over the previous year
from EUR 40.8 million to EUR 42.3 million. Revenue from ordinary activities likewise developed positively, increasing by 3.5 per cent. The
latter increased from EUR 25.6 million to EUR 26.5 million.
On the assets side, receivables from customers have remained unchanged at 2,353 million euros. Participating interests, including shares
in affiliated companies, increased by 9.0 per cent and amounted to 230 million euros as at 31.12.2014. Receivables from banks showed
a downward trend. They decreased by 5.8 per cent from 2,756 million euros to 2,595 million euros compared with the previous year.
Securities owned by the bank likewise showed a negative trend, decreasing by 2.7 per cent to 1,783 million euros. Other assets were
down from 146 million euros to 118 million euros, a decline of 19.2 per cent.
Appropriation of funds and asset structure
31.12.2014
31.12.2013
Change
Millions of
euros
Per cent
Millions of
euros
Per cent
Millions of
euros
Per cent
Receivables from banks
2,595
36.7%
2,756
37.8%
–161
–5.8%
Receivables from customers
2,353
33.2%
2,353
32.2%
0
0.0%
Securities
1,783
25.2%
1,833
25.1%
–50
–2.7%
Participating interests,
including shares in affiliated
companies
230
3.2%
211
2.9%
19
9.0%
Other assets
118
1.7%
146
2.0%
–28
–19.2%
Assets
7,079
100.0%
7,299
100.0%
–220
–3.0%
