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ePaper created 2013-04-15, 17:20:51 | version 1.25.7
Income statement – münchener Hypothekenbank eg l annual Report 201258 Expenses 31 Dec. 12 31 Dec. 11 € € T€ 1. Interest expenses 1,178,802,170.29 1,198,452 2. Commission paid 60,259,270.27 47,432 3. Net expenses of trading book 0.00 3,640 4. General administrative expenses a) Personnel expenses 32,556,880.48 29,589 aa) Wages and salaries € 27,864,550.94 ( 24,871 ) ab) Social security contributions and cost of pensions and other benefits € 4,692,329.54 ( 4,718 ) of which for pensions € 546,537.98 b) Other administrative expenses 27,774,034.99 29,287 60,330,915.47 58,876 5. Depreciation and write-downs of intangible and tangible assets 5,209,776.86 4,647 6. Other operating expenses 4,429,550.15 3,929 7. Write-downs on and adjustments to claims and certain securities and additions to provisions for possible loan losses 13,987,245.15 0 8. Depreciation and write-downs of participating interests, shares of affiliated companies and securities treated as fixed assets 0.00 61,853 9. Payment to fund for general banking risks 2,500,000.00 1,750 10. Taxes on revenue and income 1,850,953.95 -227 11. Other taxes not included under “Other operating expenses” 0.00 94 12. Net income 5,383,035.94 4,858 Total expenses 1,332,752,918.08 1,385,304 1. Net income 5,383,035.94 4,858 2. Retained earnings brought forward from previous year 50,217.60 302 3. Unappropriated profit 5,433,253.54 5,160 Income Statement For the year ended 31 December 2012