annual report - Hypo Real Estate Holding AG

Group Accounts
The movement in investment securities may be summarised as follows:
The investment securities balance at 31 December is analysed by counterparty risk below:
22. Shares in Group undertakings
164
Group Company Group Company
Available-for-sale
2007 2007 2006 2006
€ m € m € m € m
At 1 January 50,833 32,475 58,776 34,718
Exchange differences on monetary assets -1,060 -767 -1,250 -930
Additions 28,212 22,654 13,767 12,098
Acquisitions under common control (note 47) 8,332 - - -
Disposals (sale and redemption) -29,962 -22,385 - 18,989 -14,445
Gains/(losses) from changes in fair value -2,138 -1,323 -1,471 1,034
Disposal of discontinued operations -11,097 - - -
At 31 December 43,120 30,654 50,833 32,475
Group
2007 2006
€ m € m
AFS-debt AFS-equity Total AFS AFS-debt AFS-equity Total AFS
securities securities securities securities securities securities
Government bonds 34,025 - 34,025 45,820 - 45,820
Local government bonds 2,196 - 2,196 3,795 - 3,795
Other bonds and notes 6,898 1 6,899 1,198 20 1,218
Total 43,119 1 43,120 50,813 20 50,833
Company
2007 2006
€ m € m
AFS-debt AFS-equity Total AFS AFS-debt AFS-equity Total AFS
securities securities securities securities securities securities
Government bonds 28,188 - 28,188 30,352 - 30,352
Local government bonds 1,582 - 1,582 1,788 - 1,788
Other bonds and notes 883 1 884 315 20 335
Total 30,653 1 30,654 32,455 20 32,475
Company
2007 2006
€ m € m
At 1 January 2,278 2,305
Additions 949 -
Capital repayments -728 -
Impairment of investment - -27
Disposals -1,218 -
At 31 December 1,281 2,278