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Geschäftsbericht 2011 englisch

72 notes – münchener Hypothekenbank eg l annual Report 2011 Profit-participation Certificates The amount of profit-participation capital of € 21,474 (thousand) (previous year € 21,474 (thousand)) fulfils the criteria of Art. 10 (5) of the German Banking Act with € 6,136 (thousand) (previous year € 16,361 (thousand)). Details of revenue reserves Legal reserve € 000 Other revenue reserves € 000 01 Jan. 2011 280,804 1,534 Transfer from 2010 retained earnings 1,500 0 Transfer from 2011 net income 0 0 31 Dec. 2011 282,304 1,534 Members’ capital contributions Members’ capital contributions disclosed under capital and reserves item 11aa) consisted of: 31 Dec. 11 € 31 Dec. 10 € Capital contributions 161,209,276.92 156,113,623.21 a) of remaining members 158,859,446.92 151,537,023.21 b) of former members 2,192,540.00 4,407,620.00 c) in respect of shares under notice 157,290.00 168,980.00 Outstanding obligatory payments in respect of shares 23.08 26.79 SILENT PARTICIPATIONS The silent participations valued at € 341,647 (thousand) (previous year € 342,147 (thousand)) satisfy the criteria of Art. 10 (4) of the German Banking Act for the amount of € 340,647 (thousand) (previous year € 340,647 (thousand)). Expenses attributable to these participations amounted to € 26,376 (thousand) (previous year € 24,821 (thousand)). ASSETS PLEDGED TO SECURE LIABILITIES Within the framework of open market deals with the European Central Bank, securities valued at € 1,247,786 (thousand) (previous year € 0 thousands) were pledged as collateral to secure the same amount of liabilities. The book value of the pledged assets (genuine repurchase agreements) was € 1,343,937 (thousand) (previous year € 1,040,320 (thousand)). Within the framework of security arrangements for derivative transactions, cash collateral of € 1,807,260 (thousand) (previous year € 1,001,560 (thousand)) was provided. Securities valued at € 12,414 (thousand) (previous year € 12,189 (thousand)) were pledged to secure pension obligations and requirements of the partial retirement model for older employees. Securities valued at € 26,764 (thousand) (previous year € 26,777 (thousand)) were pledged to secure financial aid obligations within the framework of a Contractual Trust Arrangement (CTA ). FOREIGN CURRENCY ITEMS 31 Dec. 11 € 000 31 Dec. 10 € 000 Assets side 5,699,758 5,542,426 Liabilities side 2,760,535 3,014,264 Contingent liabilities and other obligations 306,217 271,687

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