Group Accounts Blindtext Directors’ strategische Report und sonstige Risiken nterdum The Directors volgus of rectum DEPFA videt, BANK est plc ubi present peccat. their Si <strong>report</strong> veteres and ita miratur the audited laudatque financial poetas, statements ut nihil for anteferat, the year nihil ended illis comparet, 31 December errat. 2007. Si quaedam nimis antique, si peraque dure dicere credit eos, ignave multa fatetur, et sapit et mecum facit et Iova iudicat aequo. Non equidem insector delendave carmina Livi esse reor, memini quae plagosum Principal mihi parvo activities Orbilium dictare; sed emendata videri pulchraque et exactis minimum distantia miror. Inter quae verbum DEPFA BANK emicuit plc si forte and decorum, its subsidiary et si undertakings versus paulo concinnior (“the Group”)*, unus operating et alter, iniuste in Ireland totum and ducit in venditque other parts poema. of the world, provide a comprehensive range of banking, financial and related services. Indignor quicquam reprehendi, non quia crasse compositum illepedeve putetur, sed quia nuper, nec veniam antiquis, Ownership sed honorem et praemia posci. Recte necne crocum floresque perambulet Attae fabula si dubitem, clament periisse On 2 October pudorem 2007 cuncti the entire paene ordinary patres, share ea cum capital reprehendere of the Company coner, quae was acquired gravis Aesopus, by <strong>Hypo</strong> quae <strong>Real</strong> doctus <strong>Estate</strong> Roscius <strong>Holding</strong> egit; <strong>AG</strong> (“HRE vel quia Group”). nil rectum, DEPFA nisi BANK quod placuit plc shareholders sibi, ducunt, received vel quia cash turpe consideration putant parere of minoribus, €6.80 and et .189 quae shares imberbes in <strong>Hypo</strong> didicere <strong>Real</strong> <strong>Estate</strong> senes.Quod <strong>Holding</strong> si <strong>AG</strong> tam for Graecis each DEPFA novitas share invisa held. fuisset quam nobis, quid nunc esset vetus? Aut quid haberet quod legeret tereretque viritim. Business Review Kreditportfolio-Entwicklung The information that satisfies the requirements of the business review can be found in the management discussion Ut section primum on pages positis 18 nugari to 65 Graecia and in the bellis business coepit et performance in vitium fortuna section labier on pages aequa, 66 nunc to 75. athletarum studiis, nunc arsit equorum, marmoris aut eboris fabros aut aeris amavit, tibicinibus, nunc est gavisa tragoedis; sub nutrice puella. Interdum Dividends volgus rectum videt, est ubi peccat. Si veteres ita miratur laudatque poetas, ut nihil anteferat, nihil illis comparet, A dividend errat. of Si €138 quaedam million nimis was paid antique, in 2007 si peraque in respect dure of dicere the year credit ended eos, 31 ignave December multa 2006. fatetur, The et Directors sapit et mecum do not propose facit et Iova a dividend iudicat aequo. in respect of the year ended 31 December 2007. Non Directors equidem insector delendave carmina Livi esse reor, memini quae plagosum mihi parvo Orbilium dictare; sed emendata The names videri of the pulchraque Directors in et office exactis at 25 minimum March 2008 distantia are miror. set out Inter on page quae 76. verbum emicuit si forte decorum, et si versus paulo concinnior unus et alter, iniuste totum ducit venditque poema. Indignor In accordance quicquam with reprehendi, the Articles non of Association, quia crasse Georg compositum Funke, illepedeve Markus Fell, putetur, Bettina sed von quia Oesterreich, nuper, nec John veniam Bourke, antiquis, Patrick sed Ryan, honorem Cyril Dunne, et praemia Bo Heide-Ottosen, posci. Paul Leatherdale, Tom Glynn and James Campbell retire by rotation Recte at the necne 2008 Annual crocum General floresque Meeting perambulet and, being Attae fabula eligible si and dubitem, recommended clament periisse by the Directors, pudorem cuncti offer themselves paene patres, for ea re-election. cum reprehendere coner, quae gravis Aesopus, quae doctus Roscius egit; vel quia nil rectum, nisi quod placuit sibi, ducunt, vel quia turpe putant parere minoribus, et quae imberbes didicere senes.Quod si tam Graecis novitas invisa fuisset quam nobis, quid nunc esset vetus? Aut quid haberet quod legeret tereretque viritim. Ut primum positis nugari Graecia bellis coepit et in vitium fortuna labier aequa, nunc athletarum studiis, nunc arsit equorum, marmoris aut eboris fabros aut aeris amavit, tibicinibus, nunc est gavisa tragoedis; sub nutrice puella. Interdum volgus rectum videt, est ubi peccat. Si veteres ita miratur laudatque poetas, ut nihil anteferat, nihil illis comparet, errat. Si quaedam nimis antique, si peraque dure dicere credit eos, ignave multa fatetur, et sapit et mecum facit et Iova iudicat aequo. Non equidem insector delendave carmina Livi esse reor, memini quae plagosum mihi parvo Orbilium dictare; sed emendata videri pulchraque et exactis minimum distantia miror. Inter quae verbum emicuit si forte decorum, et si versus paulo concinnior unus et alter, iniuste totum ducit venditque poema. Indignor * References quicquam in the reprehendi, financial statements non quia crasse to “the compositum Group”, “DEPFA” illepedeve or to “the putetur, Bank” sed refer quia to nuper, DEPFA nec BANK veniam plc anti- and quis, its subsidiary sed honorem undertakings. et praemia posci. Recte necne crocum floresque perambulet Attae fabula si dubitem, clament periisse pudorem cuncti paene patres, ea cum reprehendere coner, quae gravis Aesopus, quae doctus Roscius egit; vel quia nil rectum, nisi quod placuit sibi, ducunt, vel quia turpe putant parere minoribus, et quae imberbes didicere senes.Quod si tam Graecis novitas invisa fuisset quam nobis, quid nunc esset vetus? Aut quid haberet quod legeret tereretque viritim. Ut primum positis nugari Graecia bellis coepit et in vitium fortuna labier aequa, nunc athletarum studiis, nunc arsit 78
Directors’ and Secretary’s interest in the share capital The interests of the Directors and Company Secretary, in office at 31 December 2007 and of their spouses and minor children in the shares of the Company or Group undertakings are set out below: Interest in Shares Interest in Shares in <strong>Hypo</strong> <strong>Real</strong> <strong>Estate</strong> in <strong>Hypo</strong> <strong>Real</strong> <strong>Estate</strong> Interest in Shares <strong>Holding</strong> <strong>AG</strong> <strong>Holding</strong> <strong>AG</strong> in DEPFA BANK plc 31 December at appointment date 31 December 2007 (see page 76) 2006 Georg Funke 40,876 40,876 n/a Markus Fell 5,188 5,188 n/a Bettina von Oesterreich - - n/a Patrick Ryan - - n/a John Bourke - - n/a Cyril Dunne 36,079 36,079 n/a Bo Heide-Ottosen 55,546 55,546 n/a Paul Leatherdale 16,293 16,293 n/a Angus Cameron 14,000 26,500 n/a James Campbell - - n/a Tom Glynn 3,032 3,032 n/a Andrew Readinger 30,083 35,990 n/a Company Secretary Ms. E. Tiernan - - 1,624 No Directors held any options on <strong>Hypo</strong> <strong>Real</strong> <strong>Estate</strong> <strong>Holding</strong> <strong>AG</strong> shares at 31 December 2007 (2006: nil). Own Shares Details of own shares transactions are disclosed in note 36 to the financial statements. Going concern After making enquiries, the Directors have a reasonable expectation that the Bank has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the financial statements. Political donations The Electoral Act, 1997 requires companies to disclose all political donations over €5,079 in aggregate made during the financial year. The Directors, on enquiry, have satisfied themselves that no such donations have been made by the Bank during the financial year. 79
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