Annual Report 2017

In 2017, ILB‘s annual net income totalled EUR 11.4m (previous year: EUR 11.6m), that of the group EUR 8.6m (previous year: EUR 11.3m).

In addition to the loss of EUR 0.4m recorded by subsidiary ILB Beteiligungsgesellschaft mbH, the decline in consolidated net income is mainly due to the termination of the investment agreement of group subsidiary BC Venture GmbH. In the financial year, a profit-sharing bonus of EUR 0.8m was paid to external investors. Furthermore, ILB’s acquisition of the remaining shares in group subsidiary BC Brandenburg Capital GmbH had a negative impact of EUR 0.9m on the group result.