Balance Sheet of NRW.BANK as at December 31, 2006

Assets	31.12.2006 € thousands	31.12.2005 € thousands	change in € thousands	change in %
Total assets	135,551,764	(128,114,976)	7,436,788	5.8
Cash	96,927	(75,372)	21,555	28.6
Debt instruments issued by public institutions and bills of exchange	18,073	(0)	18,073	> 100
Receivables from banks	31,023,494	(31,758,606)	-735,112	-2.3
Receivables from customers	49,939,690	(49,284,263)	655,427	1.3
Bonds and other interest-bearing securities	48,687,718	(41,110,402)	7,577,316	18.4
Shares and other non-interest-bearing securities	26,934	(0)	26,934	> 100
Equity investments in non-affiliated companies	2,323,535	(2,316,555)	6,980	0.3
Equity investments in affiliated companies	76,123	(71,816)	4,307	6.0
Trust assets	2,391,825	(2,520,519)	-128,694	-5.1
Intangible assets	24,625	(27,057)	-2,432	-9.0
Tangible fixed assets	26,605	(21,967)	4,638	21.1
Other assets	576,060	(531,858)	44,202	8.3
Deferred items	340,155	(396,561)	-56,406	-14.2

 

Balance Sheet of NRW.BANK as at December 31, 2006

Liabilities	31.12.2006 € thousands	31.12.2005 € thousands	Change in € thousands	Change in %
Total liabilities	135,551,764	(128,114,976)	7,436,788	5.8
Liabilities to banks	43,128,723	(37,767,892)	5,360,831	14.2
Liabilities to customers	21,825,391	(19,056,046)	2,769,345	14.5
Certificated liabilities	46,319,428	(47,120,472)	-801,044	-1.7
Trust liabilities	2,391,825	(2,520,519)	-128,694	-5.1
Other liabilities	374,880	(154,076)	220,804	> 100
Deferred items	471,077	(559,666)	-88,589	-15.8
Provisions	1,081,513	(968,798)	112,715	11.6
Subordinated liabilities	405,000	(405,000)	0	0.0
Capital with participation rights	11,000	(135,755)	-124,755	-91.9
Fund for general banking risks	85,000	(85,000)	0	0.0
Equity capital	19,457,927	(19,341,752)	116,175	0.6

Contingent liabilities	4,521,150	(1,806,933)	2,714,217	150.2
Other commitments	3,032,822	(2,964,957)	67,865	2.3
Administered funds	120,862	(182,020)	-61,158	-33.6

 

NRW.BANK - Condensed Statement of Income

in € millions	2006	2005	Change in € millions	Change in %
Net income for the year after taxes	101.9	84.8	17.1	20.2
Net interest income	340.5	343.8	-3.3	-1.0
Net commission income	16.2	13.7	2.5	18.2
Net result from trading operations	1.2	-2.0	3.2	> 100
Personnel expenses	-104.6	-91.5	-13.1	-14.3
Operating expenditure	-81.8	-70.4	-11.4	-16.2
Other operating result	-0.9	17.0	-17.9	>-100
Operating income before risk provisions	170.6	210.6	-40.0	-19.0
Risk provisions/revaluation adjustments	12.8	-53.9	66.7	>100
Operating income after risk provisions	183.4	156.7	26.7	17.0
Extraordinary result	-47.6	-63.9	16.3	25.5
Net income for the year before taxes and promotion dividend	135.8	92.8	43.0	46.3
Income taxes	-8.1	-7.0	-1.1	-15.7
Promotion dividend	-25.8	-1.0	-24.8	>-100