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Annual Report 2010 - Muenchener Hypothekenbank eG

münchener hypothekenbank eg | annUaL report 2010 notes dgRv – deutscher genossenschafts- und Raiffeisenverband e.v., Berlin, Pariser Platz 3 Pursuant to Art. 53 of the Cooperatives Act, in association with Art. 340k of the german Commercial Code, total costs of € 855(thousand) (previous year € 719 (thousand)) were incurred during the year under review for auditing the an- nual financial statements and the management report, the cooperatives organisational structures, and to examine the Bank’s management, as well as for an audit review of the interim financial statements. Total costs of € 10 (thousand) (previous year € 48 (thousand)) were incurred for other con- firmation services, and € 60 (thousand) (previous year € 84 (thousand)) was incurred for other services. continGent liaBilitY our Bank is a member of the protection scheme of the National Association of german Cooperative Banks (Sicherungseinrich- tung des Bundesverbandes der deutschen volksbanken und Raiffeisenbanken e.v.). Per the statutes of the protection scheme we have issued a guarantee to the National Association of german Cooperative Banks. As a result, we have a contingent liability of € 16,080 (thousand). Munich, 8 february 2011 MÜNChENER hYPoThEKENBANK eg The Board of Management dr. Louis hagen Bernhard heinlein Michael Jung auDitinG association