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Geschäftsbericht 2013, englisch

54 For the year ended 31 December 2013 Income Statement Income Statement – münchener Hypothekenbank eg l annual Report 2013 Expenses 31 Dec. 13 31 Dec. 12 € € € 000 1. Interest expenses 1,073,276,819.17 1,178,802 2. Commission paid 61,037,967.52 60,259 3. General administrative expenses a) Personnel expenses 35,817,780.06 32,557 aa) Wages and salaries € 29,540,422.73 ( 27,865 ) ab) Social security contributions and cost of pensions and other benefits € 6,277,357.33 ( 4,692 ) of which for pensions € 1,853,466.40 b) Other administrative expenses 31,228,423.07 27,774 67,046,203.13 60,331 4. Depreciation and write-downs of intangible and tangible assets 6,461,651.10 5,210 5. Other operating expenses 5,076,678.52 4,430 6. Write-downs on and adjustments to claims and certain securities and additions to provisions for possible loan losses 21,363,093.08 13,987 7. Payment to fund for general banking risks 5,000,000.00 2,500 8. Taxes on revenue and income 9,493,180.69 1,851 9. Net income 6,707,712.48 5,383 Total expenses 1,255,463,305.69 1,332,753 1. Net income 6,707,712.48 5,383 2. Retained earnings brought forward from previous year 200,424.54 51 3. Unappropriated profit 6,908,137.02 5,434

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