Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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Landeskreditbank Baden-Württemberg – Förderbank – Balance sheet as of December 31, 2004 Assets Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2003 EUR EUR EUR EUR 1. Cash reserve a) Cash on hand .............. 35,695.01 42,241.10 b) Cash at central banks thereof: at Federal Central Bank EUR 332,370,597.18 (257,485,390.46) ............ 332,370,597.18 257,485,390.46 c) Cash in postal giro accounts . . . –.– –.– 332,406,292.19 257,527,631.56 2. Receivables from credit institutions a) Payable on demand .......... 61,674,396.39 91,035,045.39 b) Other receivables ........... 12,896,730,645.00 11,669,629,275.91 12,958,405,041.39 11,760,664,321.30 3. Receivables from customers thereof: Mortgage loans EUR 18,945,593,461.99 (19,689,099,500.70) Loans to public authorities and entities organized under public law EUR 3,478,191,433.72 (3,065,463,938.41) .............. 24,178,074,725.42 24,584,056,954.30 4. Notes and other interest-bearing securities a) Money market securities aa) Due from public-sector issuers thereof: eligible as collateral at Federal Central Bank EUR –.– (–.–) ......... 0.00 0.00 ab) Due from other issuers thereof: eligible as collateral at Federal Central Bank EUR –.– (–.–) ......... 0.00 0.00 0.00 b) Bonds and notes ba) Due from public-sector issuers thereof: eligible as collateral at Federal Central Bank EUR 1,449,635,281.94 (1,171,231,022.49) ..... 1,636,349,703.75 1,291,958,910.34 bb) Due from other issuers thereof: eligible as collateral at Federal Central Bank EUR 6,188,187,892.74 (5,473,135,432.82) ..... 7,442,623,862.38 7,008,756,949.33 9,078,973,566.13 8,300,715,859.67 c) Bank’s own notes Principal amount: EUR 122,973,444.62 (192,768,923.69) ............ 124,034,803.31 197,221,813.93 9,203,008,369.44 8,497,937,673.60 Carried forward: ................ 46,671,894,428.44 45,100,186,580.76 F-2
Equity and liabilities Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2003 EUR EUR EUR EUR 1. Liabilities to credit institutions a) Payable on demand .......... 180,454,972.74 112,389,611.08 b) With an agreed maturity or notice period ............... 18,115,286,037.54 18,788,060,340.35 18,295,741,010.28 18,900,449,951.43 2. Liabilities to customers a) Savings deposits aa) With an agreed notice period of three months . . –.– –.– ab) With an agreed notice period exceeding three months ............... –.– –.– –.– b) Other liabilities ba) Payable on demand ..... 103,551,982.02 122,014,468.53 bb) With an agreed maturity or notice period ........ 4,728,700,346.05 5,038,300,154.25 4,832,252,328.07 4,832,252,328.07 5,160,314,622.78 3. Certificated liabilities a) Notes and bonds issued ....... 18,111,084,126.89 16,415,697,411.11 b) Other certificated liabilities –.– –.– thereof: money market securities EUR –.– (–.–) own acceptances and promissory notes outstanding EUR –.– (–.–) 18,111,084,126.89 16,415,697,411.11 4. Fiduciary liabilities thereof: fiduciary loans EUR 405,687,774.93 (511,274,426.95) ............... 406,289,739.56 511,876,387.93 5. Other liabilities ................. 1,140,982,310.18 1,152,003,643.91 6. Deferred items ................. 861,517,510.30 977,461,922.06 7. Contingency reserves a) Reserves for pensions and similar obligations .......... 90,916,341.00 83,308,717.00 b) Reserves for taxes ........... 10,500.00 14,000.00 c) Other reserves .............. 649,484,821.29 666,492,854.26 740,411,662.29 749,815,571.26 8. Subordinated liabilities ........... 912,289,083.16 598,818,103.10 Carried forward: ................ 45,300,567,770.73 44,466,437,613.58 F-3
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INTERNATIONAL PROSPECTUS SUPPLEMENT
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ISSUER Landeskreditbank Baden-Würt
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TABLE OF CONTENTS Use of Proceeds .
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EXCHANGE RATE INFORMATION The follo
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Maturity, Repurchase Maturity. The
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the rules of such stock exchange pe
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THE CLEARING SYSTEMS DTC DTC is a l
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Cross-market transfers between pers
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For the purposes of this provision,
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These activities by the managers or
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You should rely only on the informa
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PROSPECTUS SUMMARY The following su
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APPLICATION OF PROCEEDS As may be m
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(4) Loans to customers (i.e., non-c
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transferred to independent subsidia
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Our housing-related activities are
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(1) Holdings in companies for strat
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Loan Portfolio Risks We maintain a
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securities portfolio. In accordance
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The following table shows our borro
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authorized limits. A daily risk and
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MANAGEMENT INFORMATION Introduction
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credit institutions increased by 10
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To control the risks of unhedged po
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RECENT DEVELOPMENTS Development of
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MANAGEMENT Board of Management Our
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Wirtsch.-Ing. Bernd Bechtold Presid
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REGULATION AND SUPERVISION OF L-BAN
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non-banking corporations if the use
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Covering Market Risk Positions Mark
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ank, and the aggregate nominal valu
Page 63 and 64: may at any time change the reserve
Page 65: The Entschädigungseinrichtung GmbH
Page 68 and 69: ECONOMY General Germany The economy
Page 70 and 71: Industrial Structure General Positi
Page 72 and 73: The following table shows the amoun
Page 74 and 75: The Euro-zone follows a mutual mone
Page 76 and 77: Revenue Equalization While the Germ
Page 78 and 79: For more detailed information regar
Page 80 and 81: Outstanding Principal Maturity Amou
Page 82 and 83: DESCRIPTION OF THE DEBT SECURITIES
Page 84 and 85: (iv) a waiver by the holders of the
Page 86 and 87: CURRENCY CONVERSION RATES The follo
Page 88 and 89: TAXATION UNITED STATES FEDERAL INCO
Page 90 and 91: number of complete years to maturit
Page 92 and 93: will equal such U.S. Holder’s ini
Page 94 and 95: using the constant yield method des
Page 96 and 97: We have included the federal income
Page 98 and 99: Capital gains resulting from the di
Page 100 and 101: SUMMARY OF CERTAIN DIFFERENCES BETW
Page 102 and 103: The credit risk of the loan and sec
Page 104 and 105: Under U.S. GAAP, repurchased debt s
Page 106 and 107: LIMITATIONS ON ACTIONS AGAINST THE
Page 108 and 109: GLOSSARY This glossary describes ce
Page 110 and 111: Administrative loans, which are loa
Page 112 and 113: Depreciation and accumulated amorti
Page 116 and 117: Balance sheet as at December 31, 20
Page 118 and 119: Statement of income for the period
Page 120 and 121: Notes to the annual financial state
Page 132 and 133: Authorities of Landeskreditbank Bad
Page 134 and 135: Proposal of the Board of Management
Page 136 and 137: FINANCIAL STATEMENTS OF L-BANK AS O
Page 138 and 139: Landeskreditbank Baden-Württemberg
Page 140 and 141: Landeskreditbank Baden - Württembe
Page 154 and 155: Directorships held by members of th
Page 156 and 157: State government deputy representat
Page 158 and 159: Independent Auditors’ opinion We
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Landeskreditbank Baden-Württemberg
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Notes to the annual financial state
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Directorships held by members of th
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Authorities of Landeskreditbank Bad
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Proposal of the Board of Management
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Debt of L-Bank at December 31, 2004
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Debt Securities
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Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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