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THE BANK FOR CORPORATES
Notes
56
(43) DEFERRED TAX ASSETS AND LIABILITIES. Deferred tax assets and liabilities include taxes arising out of temporary differences
between valuation according to IAS and amounts from the tax-based profit calculations of the Group enterprises.
Deferred tax were related to the following items:
Deferred tax assets Deferred tax liabilities
in EUR m 31.12.2001 31.12.2000 31.12.2001 31.12.2000
Financial investments 19 6 21 8
Property and equipment 0 0 4 1
Leasing 0 0 0 0
Provisions for personnel expenses 4 4 0 0
Other provisions 0 0 0 0
Risk provisions 0 0 0 0
Trading portfolio 0 0 0 0
Other items 0 0 0 1
Tax losses carried forward 7 2 0 0
Aggregate 30 12 25 10
Net 5 2
No deferred tax items were formed for temporary differences in relation with investments of EUR 51.1 m in subsidiaries, since the
requirements under IAS 12.39 were satisfied.
(44) OTHER LIABILITIES.
in EUR m 31.12.2001 31.12.2000
Trading liabilities 78 52
Deferred items 44 41
Leasing liabilities 0 0
Other liabilities 389 226
Dividend paid by Investkredit Bank AG 6 6
Aggregate 517 324
The negative fair values from derivative financial instruments in the trading portfolio are presented under trading liabilities. The
deferred liabilities chiefly contain premiums from long-term loans and bonds as well as deferred items related to interest support for
the TOP schemes. Other liabilities include EUR 9.5 m of tax debts (2000: EUR 10.4 m), most of which are deferrals arising out of a tax
inspection.
(45) SUBORDINATED CAPITAL.
in EUR m 31.12.2001 31.12.2000 31.12.2001
thereof listed
31.12.2000
Profit participation rights capital 0 0 0 0
Supplementary capital 100 49 88 37
Other subordinated liabilities 191 148 190 148
Aggregate 291 197 278 185
The most important subordinated liabilities are:
Nominal in EUR Interest
Currency in m m rate Issuer/type
EUR 45.0 45.0 7.000 % Investkredit-supplementary capital bond 2001
ATS 400.0 31.4 8.250 % Investkredit bond issue 1995-2005
ATS 300.0 23.2 6.500 % Investkredit bond issue 1997-2012
USD 20.0 23.2 5.250 % Subordinated Collared Floating Rate Notes 1994-2004
ATS 300.0 22.8 7.500 % Investkredit bond issue 1993-2005