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24
Review of operations in 2013
The balance sheet total increased to 7,299 million euros, a difference of 229 million euros or 3.2 per cent as compared with 2012. This rise
was chiefly the result of an increase in our liabilities to banks. At the end of the year, these came to 3,697 million euros, 191 million euros
or 5.4 per cent up on the 2012 figure. Current account deposits rose by 7.1 per cent, or 72 million euros, to 1,088 million euros, and
liabilities evidenced by paper rose by 3.8 per cent, or 53 million euros, to 1,441 million euros. Equity was also up by 2.6 per cent, or
9 million euros, at 372 million euros. Savings deposits fell by 11 per cent to EUR 533 million, representing a drop of EUR 66 million.
Other liabilities also fell by 30 million euros to 168 million euros, representing a drop of 15.4 per cent.
Balance sheet total in millions of euros
31.12.2008
31.12.2009
31.12.2010
31.12.2011
31.12.2012
31.12.2013
6.654
7.296
7.182
7.356
7.070
7.299
Origin of funds and capital structure
31.12.2013
31.12.2012
Change
Millions
of euros
Per cent
Millions
of euros
Per cent
Millions
of euros
Per cent
Liabilities to banks
3,697
50.7%
3,506
49.6%
191
5.4%
Current account deposits
1,088
14.9%
1,016
14.4%
72
7.1%
Savings account deposits
533
7.3%
599
8.5%
–66
–11.0%
Liabilities evidenced by
paper
1,441
19.7%
1,388
19.6%
53
3.8%
Equity
372
5.1%
363
5.1%
9
2.6%
Other liabilities
168
2.3%
198
2.8%
–30
–15.4%
Equity and liabilities
7,299
100.0%
7,070
100.0%
229
3.2%
Raiffeisen-Landesbank Tirol AG can look back on a satisfactory 2013, one in which we once again succeeded in slightly increasing our
profit from ordinary activities. A slight fall in the operating profit and the increased cost of accounts receivable provisions were compensated
for by improvements in the valuation of securities and participating interests.
The rise in balance sheet assets is primarily due to significant increases in securities held beneficially, which rose by EUR 330 million,
or 22.0 per cent, to EUR 1,833 million. Also up were other assets by EUR 21 million, or 17.5 per cent, to EUR 146 million. In contrast,
receivables from banks were down by EUR 70 million, or 2.5 per cent, to EUR 2,756 million. Receivables from customers also decreased
by EUR 52 million, or 2.2 per cent, to EUR 2,353 million. Our participating interests, including investments in affiliated companies, fell
marginally by 0.1 per cent and stand at EUR 211 million.
Appropriation of funds and asset structure
31.12.2013
31.12.2012
Change
Millions
of euros
Per cent
Millions of
euros
Per cent
Millions of
euros
Per cent
Receivables from banks
2,756
37.8%
2,826
40.0%
–70
–2.5%
Receivables from customers
2,353
32.2%
2,405
34.0%
–52
–2.2%
Securities
1,833
25.1%
1,503
21.3%
330
22.0%
Participating interests,
including shares in affiliated
companies
211
2.9%
211
3.0%
0
–0.1%
Other assets
146
2.0%
125
1.7%
21
17.5%
Assets
7,299
100.0%
7,070
100.0%
229
3.2%
Management report