Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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Notes to the annual financial statements of Landeskreditbank Baden-Württemberg – Förderbank – for the financial year ended December 31, 2002 Maturities of selected balance sheet items (to final maturity or first call) Dec. 31, 2002 Dec. 31, 2001 EUR ’000 EUR ’000 Receivables from credit institutions payable on demand ................................................. 67,680 63,689 due in three months or less ........................................... 2,456,809 2,943,491 due in more than three months to one year ............................... 1,015,186 657,886 due in more than one year to five years ................................. 2,997,131 2,740,300 due in more than five years ........................................... 4,025,393 3,368,867 Receivables from customers due in three months or less ........................................... 502,867 474,632 due in more than three months to one year ............................... 649,987 719,364 due in more than one year to five years ................................. 2,400,261 2,263,512 due in more than five years ........................................... 19,705,074 19,829,632 no fixed maturity ................................................... 0 0 Notes and other interest-bearing securities Loans and notes payable in the following year ............................ 808,708 726,732 Liabilities to credit institutions .......................................... payable on demand ................................................. 192,409 257,468 due in three months or less ........................................... 3,402,134 5,403,174 due in more than three months to one year ............................... 1,764,600 1,943,089 due in more than one year to five years ................................. 4,488,868 3,884,975 due in more than five years ........................................... 9,881,194 10,140,718 Liabilities to customers payable on demand ................................................. 115,740 82,303 due in three months or less ........................................... 279,202 363,286 due in more than three months to one year ............................... 95,178 146,862 due in more than one year to five years ................................. 873,225 1,068,285 due in more than five years ........................................... 2,632,769 2,489,283 Certificated liabilities payable on demand ................................................. 0 2,045 due in three months or less ........................................... 635,384 985,533 due in more than three months to one year ............................... 1,816,999 702,913 due in more than one year to five years ................................. 10,140,068 7,773,132 due in more than five years ........................................... 1,989,758 3,053,412 thereof under subitem “Notes and bonds issued” payable in the following year: TEUR 2,452,383 F-56
Notes to the annual financial statements of Landeskreditbank Baden-Württemberg – Förderbank – for the financial year ended December 31, 2002 Notes to individual balance sheet items Receivables from credit institutions Dec. 31, 2002 Dec. 31, 2001 EUR ’000 EUR ’000 Under this heading are shown: • receivables from non-affiliated companies ............................ 286,209 210,478 • subordinated receivables .......................................... 0 0 Receivables from customers Under this heading are shown: • receivables from affiliated companies ............................... 151,453 192,528 • receivables from non-affiliated companies ............................ 247,276 196,055 • subordinated receivables .......................................... 8,476 175 Notes and other interest-bearing securities The subheading “Bonds and notes” does not include any certificated subordinated receivables or receivables from affiliated or non-affiliated companies. Of the securities shown under this heading: • listed securities account for ........................................ 8,116,537 8,543,378 • unlisted securities account for ...................................... 160,317 141,380 Securities amounting to EUR 7,638 million were assigned to fixed asset. Of these, EUR 1,638 million were valued as fixed assets. Shares and other non-interest-bearing securities Under this heading are shown: • subordinated assets in the amount of ................................ 6,462 — • non-affiliated companies account for ................................ — — Of the marketable securities shown under this heading: • listed securities account for ........................................ 6,462 24,240 • unlisted securities account for ...................................... — — Equity investments in non-affiliated companies Of the marketable securities included under equity investments in non-affiliated companies: • listed securities account for ........................................ 120,563 120,563 • unlisted securities account for ...................................... 0 0 Equity investments in affiliated companies This item does not include equity investments which have been certificated as marketable securities. F-57
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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
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may at any time change the reserve
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The Entschädigungseinrichtung GmbH
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ECONOMY General Germany The economy
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Industrial Structure General Positi
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The following table shows the amoun
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The Euro-zone follows a mutual mone
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Revenue Equalization While the Germ
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For more detailed information regar
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Outstanding Principal Maturity Amou
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DESCRIPTION OF THE DEBT SECURITIES
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(iv) a waiver by the holders of the
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CURRENCY CONVERSION RATES The follo
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TAXATION UNITED STATES FEDERAL INCO
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number of complete years to maturit
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will equal such U.S. Holder’s ini
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using the constant yield method des
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We have included the federal income
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Capital gains resulting from the di
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SUMMARY OF CERTAIN DIFFERENCES BETW
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The credit risk of the loan and sec
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Under U.S. GAAP, repurchased debt s
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LIMITATIONS ON ACTIONS AGAINST THE
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GLOSSARY This glossary describes ce
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Administrative loans, which are loa
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Depreciation and accumulated amorti
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Landeskreditbank Baden-Württemberg
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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
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Page 158 and 159: Independent Auditors’ opinion We
Page 178 and 179: Directorships held by members of th
Page 180 and 181: Authorities of Landeskreditbank Bad
Page 182 and 183: Proposal of the Board of Management
Page 184 and 185: Debt of L-Bank at December 31, 2004
Page 186: Debt Securities
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Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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