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Geschäftsbericht 2012, englisch

Contents 3 Letter from the Board of Management 6 Management report 9 Overall Economic Conditions 9 Business Development AND OVERALL CONDITIONS 19 Earnings, Financial and Asset Situation 27 RisK Report 33 Corporate Planning and Outlook 45 balance sheet 54 income statement 58 STATEMENT OF DEVELOPMENT IN EQUITY CAPITAL AND CASH FLOW STATEMENT 60 Notes 64 Report of the Supervisory Board 87 The MEMBERS OF THE DELEGATES MEETING 88 Executive Management and Bodies 89 CONTACT 90 Imprint 93 Contents

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