Financial Statements for the Year 2001
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≈◊ Oesterreichische Nationalbank Eurosystem Financial Statements for the year 2001 http://bilanz.oenb.at/ Balance Sheet as at December 31, 2001 Assets December 31, 2001 December 31, 2000 euro euro 1. Gold and gold receivables 3,519,118,265.13 3,556,162,714.08 2. Claims on non-euro area residents denominated in foreign currency 13,979,832,639.04 15,062,227,984.50 2.1 Receivables from the IMF 1,262,683,249.24 888,393,041.77 2.2 Balances with banks, security investments, external loans and other external assets 12,717,149,389.80 14,173,834,942.73 3. Claims on euro area residents denominated in foreign currency 1,108,565,345.82 1,543,590,501.40 4. Claims on non-euro area residents denominated in euro 1,569,219,994.13 1,860,162,390.22 4.1 Balances with banks, security investments and loans 1,569,219,994.13 1,860,162,390.22 4.2 Claims arising from the credit facility under ERM II Ñ Ñ 5. Lending to euro area credit institutions related . to monetary policy operations denominated in euro 1,290,549,780 Ñ 6,970,764,744 Ñ . 5.1 Main refinancing operations 379,071,760 Ñ 4,843,970,690 Ñ . 5.2 Longer-term refinancing operations 911,478,020 Ñ 2,126,794,054 Ñ 5.3 Fine-tuning reverse operations Ñ Ñ 5.4 Structural reverse operations Ñ Ñ 5.5 Marginal lending facility Ñ Ñ 5.6 Credits related to margin calls Ñ Ñ 6. Other claims on euro area credit institutions denominated in euro 182,269,783.31 166,356,570.34 7. Securities of euro area residents denominated in euro 1,742,630,781.57 1,381,551,936.48 8. General government debt denominated in euro 287,632,718.05 255,644,384.50 . 9. Intra-Eurosystem claims 3,153,430,658.76 1,297,670,000 Ñ . 9.1 Participating interest in the ECB 117,970,000 Ñ 117,970,000 Ñ . 9.2 Claims equivalent to the transfer of foreign reserves 1,179,700,000 Ñ 1,179,700,000 Ñ 9.3 Claims related to promissory notes backing the issuance of ECB debt certificates1)xx 9.4 Other claims within the Eurosystem (net) 1,855,760,658.76 Ñ 10. Items in course of settlement 83,404,749.23 Ñ 11. Other assets 4,384,003,886.29 4,091,433,515.89 11.1 Coins of euro area 151,994,553.97 67,951,433.59 11.2 Tangible and intangible fixed assets 135,622,952.35 109,891,122.93 11.3 Other financial assets 2,548,765,865.44 2,432,098,313.47 11.4 Off-balance-sheet instruments revaluation differences 6,571,481.94 41,598,284.98 11.5 Accruals and deferred expenditure 355,593,036.02 399,075,911.29 11.6 Sundry 1,185,455,996.57 1,040,818,449.63 31,300,658,601.33 36,185,564,741.41 1) Only an ECB balance sheet item. 2 × Annual Report 2001 Balance Sheet Liabilities December 31, 2001 December 31, 2000 euro euro 1. Banknotes in circulation 10,172,302,497.04 13,933,755,136.11 2. Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 5,497,601,442.69 3,402,808,903.32 2.1 Current accounts (covering the minimum reserve system) 5,497,601,442.69 3,402,808,903.32 2.2 Deposit facility Ñ Ñ 2.3 Fixed-term deposits Ñ Ñ 2.4 Fine-tuning reverse operations Ñ Ñ 2.5 Deposits related to margin calls Ñ Ñ 3. Other liabilities to euro area credit institutions denominated in euro 1,059,618,205.55 Ñ 4. Debt certificates issued1) x x 5. Liabilities to other euro area residents denominated in euro 42,101,899.13 18,201,500.45 5.1 General government 21,298,633.20 766,081.04 5.2 Other liabilities 20,803,265.93 17,435,419.41 6. Liabilities to non-euro area residents denominated in euro 63,530,444.37 7,176,741.20 7. Liabilities to euro area residents denominated in foreign currency 308,726,918.84 330,687,652.96 8. Liabilities to non-euro area residents denominated in foreign currency 985,659,161.39 900,889,207.44 8.1 Deposits, balances and other liabilities 985,659,161.39 900,889,207.44 8.2 Liabilities arising from the credit facility under ERM II Ñ Ñ 9. Counterpart of Special Drawing Rights allocated by the IMF 255,051,392.95 250,678,218.83 10. Intra-Eurosystem liabilities Ñ 5,024,023,947.10 10.1 Liabilities equivalent to the transfer of foreign reserves1)xx 10.2 Liabilities related to promissory notes backing the issuance of ECB debt certificates Ñ Ñ 10.3 Other liabilities within the Eurosystem (net) Ñ 5,024,023,947.10 11. Items in course of settlement 507,385,260.28 Ñ 12. Other liabilities 1,516,790,955.97 1,101,311,694.59 . 12.1 Off-balance-sheet instruments revaluation differences 207,999,252.71 3,975,845 Ñ 12.2 Accruals and deferred income 109,867,776.42 79,671,367.74 12.3 Sundry 1,198,923,926.84 1,017,664,481.85 13. Provisions 1,856,057,752.80 1,937,247,894.71 14. Revaluation accounts 4,680,053,372.83 4,908,714,957.34 15. Capital and reserves 4,247,440,269.22 4,260,243,425.62 . 15.1 Capital 12,000,000 Ñ 12,000,000 Ñ 15.2 Reserves 4,235,440,269.22 4,248,243,425.62 16. Profit for the year 108,339,028.27 109,825,461.74 (thereof EUR 4,656.82 profit brought forward from 2000) 31,300,658,601.33 36,185,564,741.41 1) Only an ECB balance sheet item. Annual Report 2001 × 3 Profit and Loss Account for the Year 2001 Business year 2001 Business year 2000 euro euro 1.1 Interest income 1,287,006,069.51 1,584,887,939.87 1.2 Interest expense À 413,905,931.65 À 570,441,348.81 1. Net interest income 873,100,137.86 1,014,446,591.06 2.1 Realised gains/losses arising from financial operations 995,744,801.23 700,374,710.16 2.2 Writedowns on financial assets and positions À 88,353,343.41 À 97,846,732.39 2.3 Transfer to/from provisions for foreign exchange and price risks 87,320,307.38 293,986,735.09 2. Net result of financial operations, writedowns and risk provisions 994,711,765.20 896,514,712.86 3.1 Fees and commissions income 1,381,355.03 2,086,141.87 3.2 Fees and commissions expense À 1,701,254.24 À 1,703,371.45 3. Net income from fees and commissions À 319,899.21 382,770.42 4. Income from equity shares and participating interests 54,095,046.59 6,268,546.99 5. Net result of pooling of monetary income À 606,563.30 À 652,250.40 6. Other income 7,322,868.26 7,036,340.02 Total net income 1,928,303,355.40 1,923,996,710.95 7. Staff cost À 92,971,491.46 À 88,191,757.12 8. Administrative expenses À 110,604,056.83 À 89,265,008.06 9. Depreciation of tangible and intangible fixed assets À 19,945,786.71 À 12,298,656.21 10. Banknote production services À 62,232,247.83 À 37,837,721.57 11. Other expenses À 1,119,902.18 À 10,355,410.30 1,641,429,870.39 1,686,048,157.69 12. Corporate income tax À 558,086,155.93 À 573,256,373.61 1,083,343,714.46 1,112,791,784.08 13. Central governments share of profit and transfer to the pension reserve (the latter refers only to 2000) À 975,009,343.01 À1,002,966,322.34 14.1 Net income 108,334,371.45 109,825,461.74 14.2 Profit brought forward 4,656.82 Ñ 14. Profit for the year 108,339,028.27 109,825,461.74 4 × Annual Report 2001 Notes to the Financial Statements 2001 General Notes to the Financial Statements Accounting Pursuant to Council Regulation Fundamentals and Legal (EC) No. 1478/2000 of 19 June Framework 2000 amending Regulation (EC) No. The OeNB is committed (pursuant to 2866/98 on the conversion rates be- Article 67 paragraph 2 of the Federal tweentheeuroandthecurrenciesof Act on the Oesterreichische Natio- the Member States adopting the euro, nalbank of 1984 as amended — Natio- the conversion rate between the euro nalbank Act) to prepare its balance and the Greek drachma was irrevoca- sheet and its profit and loss account bly fixed at 340,750 Greek drachma in conformity with the policies estab- to the euro. This Regulation entered lished by the Governing Council of into force on January 1, 2001. the ECB under Article 26.4 of the The financial statements for 2001 ESCB/ECB Statute. These policies were prepared in the formats laid are laid down in the Guideline of down by the Governing Council of the ECB of 1 December 1998 on the ECB. This format has remained the legal framework for accounting unchanged from that of the financial and reporting in the European Sys- statements for 2000.