Landeskreditbank Baden-Württemberg - L-Bank

Notes to the annual financial statements of
Landeskreditbank Baden-Württemberg – Förderbank –
for the financial year ended December 31, 2003
Landeskreditbank Baden-Württemberg – Förderbank –
hedging account for mortgage bonds at December 31, 2003
Dec. 31, 2003 Dec. 31, 2002
EUR million EUR million
Mortgage bonds issued .................................................. 2,295 3,104
Specific assets allocated for hedging
• receivables from credit institutions ...................................... 162 206
• receivables from customers ........................................... 2,568 3,234
Surplus cover .......................................................... 435 336
Total emoluments paid out to authorities and administrative bodies
of Landeskreditbank Baden-Württemberg – Förderbank – in 2003
Dec. 31, 2003 Dec. 31, 2002
EUR ’000 EUR ’000
• Board of Governors .................................................. 160 160
• Board of Management ................................................ 1,585 1,582
• Former members of the Board of Management or their dependents ............ 1,048 890
• Advisory Council (incl. travel expenses) ................................. 214 214
• Pension reserves for former members of the Board of Management and their
dependents ........................................................ 11,271 11,413
Loans to members of administrative bodies (incl. contingent liabilities)
Dec. 31, 2003 Dec. 31, 2002
EUR ’000 EUR ’000
• – Board of Governors ................................................ 346 683
• – Board of Management .............................................. 1,140 1,218
Average number of staff employed in 2003
Male Female Total
Employees ............................................ 506 628 1,134
of whom: full-time employees ............................ 495 420 915
part-time employees ............................ 11 208 219
excluding trainees, temporary staff, students on placement,
volunteers, cleaning staff
F-41