for the year ended 31 December 2007
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Income statement of the Bank Austria Creditanstalt Group


(€ m)
         CHANGE 
     (Notes) 2007 2006 in € M in %

Net interest
(5) 3,653 2,456 1,197 48.7
Dividend income (6) 124 130 –6 –4.6
Other income from equity investments (6) 160 96 64 67.3
Net interest income   3,936 2,681 1,255 46.8
Net fees and commissions (7) 2,124 1,667 457 27.4
Net trading, hedging and fair value income (8) 141 348 –207 –59.6
Net other expenses/income (9) 214 66 147 >100
Net non-interest income   2,478 2,081 397 19.1
OPERATING INCOME   6,414 4,762 1,652 34.7
Payroll costs (10) –1,836 –1,606 –230 14.3
Other administrative expenses (11) –1,243 –903 –340 37.6
Recovery of expenses   4 4 >100
Amortisation, depreciation and impairment losses on tangible and intangible assets
(12) –270 –248 –23 9.1
OPERATING EXPENSES   3,346 2,757 589 21.4
OPERATING PROFIT   3,069 2,005 1,063 53.0
Goodwill impairment   –8 8 –100.0
Provisions for risks and charges (13) –75 –111 36 –32.4
Restructuring costs (14) –33 –248 215 –86.7
Net writedowns of loans and provisions for guarantees and commitments (15) –483 –679 196 –28.9
Net income from investments (16) 268 2,313 –2,045 –88.4
PROFIT BEFORE TAX   2,745 3,272 –527 –16.1
Income tax  (17)  –382  –140  –242  >100
NET PROFIT    2,364  3,132  –769  –24.5
Minority interests    –106  –111  5  –4.3
CONSOLIDATED PROFIT    2,258  3,022  –764  –25.3