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ePaper created 2012-04-20, 15:08:32 | version 1.23.0
60 Income statement – münchener Hypothekenbank eg l annual Report 2011 for the year ended 31 December 2011 Expenses 31 Dec. 11 31 Dec. 10 € € € 000 1. Interest expenses 1,198,452,130.41 1,209,602 2. Commission paid 47,431,937.57 37,729 3. Net expenses of trading book 3,640,090.00 4,559 4. General administrative expenses a) Personnel expenses 29,588,738.12 31,308 aa) Wages and salaries € 24,871,134.26 ( 25,096 ) ab) Social security contributions and cost of pensions and other benefits € 4,717,603.86 ( 6,212 ) of which for pensions € 964,280.45 b) Other administrative expenses 29,286,697.83 23,028 58,875,435.95 54,336 5. Depreciation and write-downs of intangible and tangible assets 4,647,365.17 4,557 6. Other operating expenses 3,928,489.14 2,984 7. Write-downs on and adjustments to claims and certain securities and additions to provisions for possible loan losses 0.00 17,804 8. Depreciation and write-downs of participating interests, shares of affiliated companies and securities treated as fixed assets 61,853,361.06 0 9. Payment to fund for general banking risks 1,750,000.00 0 10. Extraordinary expenses 0.00 1,053 11. Taxes on revenue and income -227,179.92 4,612 12. Other taxes not included under “Other operating expenses” 94,120.14 96 13. Net income 4,857,889.27 10,999 Total expenses 1,385,303,638.79 1,348,331 1. Net income 4,857,889.27 10,999 2. Retained earnings brought forward from previous year 302,013.07 633 5,159,902.34 11,632 3. Transfer to legal reserve 0.00 3,000 4. Unappropriated profit 5,159,902.34 8,632 income statement