Landeskreditbank Baden-Württemberg - L-Bank
Landeskreditbank Baden-Württemberg - L-Bank
Landeskreditbank Baden-Württemberg - L-Bank
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Notes to the annual financial statements for<br />
the financial year ended December 31, 2004<br />
Fixed assets analysis<br />
EUR ’000<br />
Fixed assets – balance<br />
sheet items –<br />
Historical<br />
cost<br />
Jan. 1, 2004 Additions Retirements Transfers Write-ups<br />
Write-offs<br />
and<br />
cumulative<br />
depreciation<br />
Book value<br />
Dec. 31, 2004<br />
Write-offs<br />
and<br />
depreciation<br />
in 2004<br />
Notes and other<br />
interest-bearing<br />
securities .......... 8,110,173 8,755,735 0<br />
Shares and other noninterest<br />
–bearing<br />
securities .......... 0<br />
Net adjustment in compliance with<br />
§ 34, para. 3, subpara. 2 RechKredV:<br />
EUR 575,618,000 0 0<br />
Equity investments in<br />
non-affiliated<br />
companies ......... 213,162 170,292 -8,046<br />
Equity investments in<br />
affiliated<br />
companies ......... 122,582 95,508 0<br />
Intangible assets ...... 0 0 0 1,251 0 -551 700 -408<br />
Tangible assets ....... 182,282 3,362 -184 -1,251 0 -68,925 115,284 -9,603<br />
Other assets ......... 13,737 24 0 0 0 -22 13,739 0<br />
<strong>Landeskreditbank</strong> <strong>Baden</strong>-Württemberg – Förderbank – hedging account for mortgage bonds at December 31,<br />
2004 based on the Directive on the net present value of mortgage-backed bonds issued on December 19, 2003.<br />
Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2004<br />
Current valuation<br />
EUR million<br />
Stress test 1<br />
+250 BP<br />
EUR million<br />
Stress test 2<br />
./. 250 BP<br />
EUR million<br />
Target cover<br />
– Bearer instruments ................................... 456,436 438,326 475,840<br />
– Registered mortgage-backed instruments .................. 871,351 842,485 901,952<br />
1,327,787 1,280,811 1,377,792<br />
Actual cover ............................................ 1,718,602 1,589,387 1,870,895<br />
Surplus cover ........................................... 390,815 308,576 493,103<br />
Total emoluments paid out to authorities and administrative bodies of <strong>Landeskreditbank</strong> <strong>Baden</strong>-<br />
Württemberg - Förderbank - in 2004<br />
Dec. 31, 2004 Dec. 31, 2003<br />
EUR ’000 EUR ’000<br />
– Board of Governors ................................................. 155 160<br />
– Board of Management ............................................... 1,516 1,585<br />
– Former members of the Board of Management or their dependents ........... 914 1,048<br />
– Advisory Council (incl. travel expenses) ................................ 138 214<br />
– Pension reserves for former members of the Board of Management and their<br />
dependents ........................................................ 11,198 11,271<br />
F-17
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