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 Fixed assets analysis EUR ’000 Fixed assets – balance sheet items – Historical cost Jan. 1, 2002 Additions Retirements Transfers Write-ups Write-offs and cumulative depreciation Book value Dec. 31, 2002 Write-offs and depreciation in 2002 Notes and other interest-bearing securities ....... 6,428,934 7,481,851 0 Shares and other non-interestbearing Net adjustments in compliance securities ....... 0 Equity investments in non-affiliated companies ...... 176,825 with § 34 para. 3 subpara. 2 RechKredV: 0 0 TEUR 1,109,666 155,448 –4,720 Equity investments in affiliated companies ...... 31,982 110,108 0 Tangible assets .... 180,113 11,158 –16,493 0 0 –48,795 125,983 –11,082 Other assets ....... 13,663 88 0 0 0 –19 13,722 –3 Landeskreditbank Baden-Württemberg – Förderbank – hedging account for mortgage bonds at December 31, 2002 Dec. 31, 2002 Dec 31, 2001 EUR million EUR million Mortgage bonds issued ................................................... 3,104 3,808 Specific assets allocated for hedging – receivables from credit institutions ........................................ 206 137 – receivables from customers .............................................. 3,234 4,268 Surplus cover .......................................................... 336 597 Total emoluments paid out to authorities and administrative bodies of Landeskreditbank Baden-Württemberg – Förderbank – in 2002 (EUR ’000) Dec. 31, 2002 Dec. 31, 2001 EUR ’000 EUR ’000 – Board of Governors ............................................. 160 130 – Board of Management ........................................... 1,582 1,380 – Former members of the Board of Management or their dependents ....... 890 793 – Advisory Council (incl. travel expenses) ............................ 214 200 – Pension reserves for former members of the Board of Management and their dependents ................................................ 11,413 9,364 F-64
Notes to the annual financial statements of Landeskreditbank Baden-Württemberg – Förderbank – for the financial year ended December 31, 2002 Loans to members of administrative bodies (incl. contingent liabilities) Dec. 31, 2002 Dec. 31, 2001 EUR ’000 EUR ’000 – Board of Governors ............................................. 683 540 – Board of Management ........................................... 1,218 1,492 Average number of staff employed in 2002 male female total Total no. of employees .................................................. 508 639 1,147 of whom: full-time employees ............................................ 497 432 929 part-time employees ............................................. 11 207 218 trainees (not included in the total number) excluding temporary staff, students on placement, volunteers, cleaning staff F-65
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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
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Statement of income for the period
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Notes to the annual financial state
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Page 126 and 127: 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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