Financial statements and key figures
OeNB records operating profit of EUR 753 million
In 2015, the OeNB's operating profit before writedowns and transfers went up by EUR 360 million to EUR 1,171 million against the previous year. This increase was primarily attributable to a significant rise in income from equity shares and participating interests. Following an allocation of EUR 350 million to risk provisions and writedowns on foreign currency assets and securities totaling EUR 69 million, the operating profit for 2015 came to EUR 753 million. After taxes and dividends – namely EUR 188 million of corporate income tax plus the 90% share of profit due to the central government (pursuant to the Federal Act on the Oesterreichische Nationalbank) in the amount of EUR 508 million – the profit for the year 2015 came to EUR 56 million. The OeNB’s net currency position decreased to EUR 14.3 billion, owing to risk-reducing hedging transactions in the amount of -EUR 5.1 billion among other factors. Gold and gold receivables accounted for EUR 8.8 billion of the net currency position.
|Net currency position||14,324||18,531||13,430||18,142||17,276|
|of which gold and gold receivables||8,761||8,892||7,843||11,353||10,954|
|Banknotes in circulation||27,795||26,237||24,497||23,298||22,687|
|Operating profit excluding selected items||1,171||811||662||988||638|
|Corporate income tax||188||85||75||94||62|
|Transfer to the pension reserve||−||−||22||−||−|
|Central government’s share of profit||508||230||181||255||168|
|Profit for the year||56||26||20||28||19|
|Staff in full-time equivalents (FTEs)1||1,229.2||1,234.8||1,232.9||1,222.4||1,146.0|
|staff employed in core business areas1, 2||1,085.9||1,084.0||1,089.1||1,071.7||985.7|
|1 Including part-time employees on a pro rata basis.|
|2 Excluding employees on secondment or leave (such as maternity and parental leave).|
The OeNB has been an integral part of the European System of Central Banks since January 1, 1999. For definitions of the individual balance sheet items, see Annex IV of the ECB’s accounting guideline (link provided under General information).
The current accounting format differs from the format on which the financial statements used to be based before 1999; therefore, it is not possible to make meaningful comparisons.
Discrepancies may arise from rounding.