münchener hypothekenbank eg | annUaL report 2010 notes profit-participation certificates The amount of profit-participation capital of € 21,474 (thousand) (previous year € 21,474 (thousand)) fulfils the criteria of section 10 (5) of the german Banking Act with € 16,361 (thousand) (previous year € 21,474 (thousand)). Details of revenue reserves Legal reserve € 000 other revenue reserves € 000 01 Jan. 2010 277,804 1,534 Transfer from 2009 retained earnings 0 0 Transfer from 2010 net income 3,000 0 31 dec. 2010 280,804 1,534 memBers’ capital contriButions Members’ capital contributions disclosed under capital and reserves item 10aa) consisted of: 31 dec. 10 € 31 dec. 09 € Capital contributions 156,113,623.21 148,741,215.03 a) of remaining members 151,537,023.21 146,922,055.03 b) of former members 4,407,620.00 1,768,410.00 c) in respect of shares under notice 168,980.00 50,750.00 outstanding obligatory payments in respect of shares 26.79 34.97 silent participations The silent participations valued at € 342,147 (thousand) (previous year € 335,196 (thousand)) satisfy the criteria of Art. 10 (4) of the german Banking Act for the amount of € 340,647 (thousand) (previous year € 322,170 (thousand)). Expenses attributable to these participations amounted to € 24,821 (thousand) (previous year € 16,166 (thousand)). assets pleDGeD to secure liaBilities No open market deals existed with the European Central Bank as at the date of record (previous year € 1,500,000 (thousand)). The book value of the pledged assets (genuine repurchase agreements) was € 1,040,320 (thousand) (previous year € 880,248 (thousand)). Within the framework of security arrangements for derivative transactions, cash collateral of € 1,001,560 (thousand) (previous year € 792,411 (thousand)) was provided. Securities valued at € 12,189 (thousand) (previous year € 12,208 (thousand)) were pledged to secure pension obligations and requirements of the partial retirement model for older employees. Securities valued at € 26,777 (thousand) (previous year € 21,976 (thousand) were pledged to secure financial aid obligations within the framework of a Contractual Trust Arrangement (CTA). foreiGn currencY items 31 dec. 10 € 000 31 dec. 09 € 000 Assets side 5,542,426 4,147,218 Liabilities side 3,014,264 1,899,937 Contingent liabilities and other obligations 271,687 267,984