Income Statement of Landwirtschaftliche Rentenbank
for the period from 1 January to 31 December 2024
| Assets side | Note | 2024 mEUR |
2024 mEUR |
2024 mEUR |
2023 mEUR |
| 1.Interest income from | 22 | ||||
| a) Lending and money market transactions | 3,503.6 | 3,181.5 | |||
| b) Fixed-income securities and debt register claims | 346.0 |
274.8 |
|||
| 3,849.6 | 3,456.3 | ||||
| less negative interest: EUR 2.9 million | (3.7) | ||||
| 2. Interest expenses | 23 | 3,572.7 | 3,154.9 | ||
| less positive interest: EUR 0.0 million | (0.3) | ||||
| 276.9 | 301.4 | ||||
| 3. Current income from | |||||
| a) Shares and other non-fixed-income securities | 0.0 |
0.0 |
|||
| b) Equity interests | 10.6 | 8.6 | |||
| 10.6 | 8.6 | ||||
| 4. Fee and commission income | 0.6 | 0.5 | |||
| 5. Fee and commission expenses | 5.3 | 3.0 | |||
| 6. Other operating income | 24 | - 4.7 | - 2.5 | ||
| 7. General administrative expenses | 16.8 | 14.5 | |||
| a) Personnel expenses | |||||
| aa) Wages and salaries | 43.1 | 38.5 | |||
| ab) Social security contributions and expenses for pensions and other employee benefits | 9.7 |
9.7 |
|||
| 52.8 | 48.2 | ||||
| of which: EUR 3.1 million for pensions | (3.3) |
||||
| b) Other administrative expenses | 63.8 | 55.2 | |||
| 116.6 | 103.4 | ||||
| 8. Depreciation, amortisation and impairments of intangible assets as well as property and equipment | 14.2 |
10.2 |
|||
| 9. Other operating expenses | 25 | 5.5 | 9.7 | ||
| 10. Write-downs and impairments of loans and advances and certain securities and additions to provisions for loan losses | 49.8 |
75.5 |
|||
| 11. Write-downs and impairments of equity interests, shares in affiliated companies and securities held as fixed assets | 0.1 |
0.0 |
|||
| 12. Income from reversals of write-downs and impairments of equity interests, shares in affiliated companies and securities held as fixed assets | 0.0 |
0.0 |
|||
| 13. Additions to the fund for general banking risks | 73.7 |
84.8 |
|||
| 14. Profit on ordinary activities | 39.7 | 38.4 | |||
| 15. Taxes on income and profit | 1.6 | 1.3 | |||
| 16. Other taxes not included in “Other operating expenses” | 0.1 |
0.1 |
|||
| 1.7 | 1.4 | ||||
| 17. Net income for the year | 38.0 | 37.0 | |||
| 18. Allocations to retained earnings | |||||
| to principal reserve pursuant to Section 2 (2) of Rentenbank’s Governing Law | |||||
| from net income | 19.0 | 18.5 | |||
| 19. Distributable profit | 19.0 | 18.5 |