Annual Report 2010 - Muenchener Hypothekenbank eG

münchener hypothekenbank eg | annUaL report 2010 notes 74 | 75 cover statement for pfanDBriefe a. mortGaGe pfanDBriefe 31 dec. 10 € 000 31 dec. 09 € 000 ordinary cover 14,686,337 13,826,353 1. Claims on banks (mortgage loans) 61,824 73,420 2. Claims on customers (mortgage loans) 14,572,049 13,700,469 3. Tangible assets (charges on land owned by the Bank) 52,464 52,464 Substitute cover 1,566,289 1,470,498 1. other claims on banks 375,000 615,000 2. Bonds and other fixed-income securities 1,194,200 853,500 3. other assets (offsetting currency derivatives) -2,911 1,998 Total cover 16,252,626 15,296,851 Total mortgage Pfandbriefe requiring cover 14,094,173 13,003,529 Surplus cover 2,158,453 2,293,322 B. puBlic-sector pfanDBriefe 31 dec. 10 € 000 31 dec. 09 € 000 ordinary cover 9,824,763 10,518,363 1. Claims on banks (public-sector loans) 1,244,220 1,558,208 2. Claims on customers (public-sector loans) 6,038,954 6,022,667 3. Bonds and other fixed-income securities 2,541,589 2,937,488 Substitute cover 1,158,638 1,145,209 1. other claims on banks 525,000 275,000 2. Bonds and other fixed-income securities 622,500 865,000 3. other assets (offsetting currency derivatives) 11,138 5,209 Total cover 10,983,401 11,663,572 Total public-sector Pfandbriefe requiring cover 10,457,915 10,894,593 Surplus cover 525,486 768,979