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Geschäftsbericht 2013, englisch

63Notes deferred items from the issuing and loan business 31 Dec. 13 € 000 31 Dec. 12 € 000 Assets side 12. Discount from liabilities 39,390 34,350 Premium from claims 13,690 15,778 Other deferred charges 923 3,344 Liabilities side 6. Premium from liabilities 10,633 10,329 Discount from claims 9,138 11,588 Other deferred income 74 184 deferred TAXES Deferred tax liabilities were primarily related to the low valuation of bank buildings taken for tax purposes. Deferred tax assets arise from provisions made for pensions, and the different methods used to value premiums from swap options that were exercised. A backlog of deferred tax assets arising after clearing is not recorded in the balance sheet. Subordinated liabilities Subordinated liabilities incurred interest expenses of € 8,760 (thousand) (previous year € 8,856 (thousand)). Subordinated liabilities which individually exceed 10 percent of the overall statement amount to: Nominal amount Currency Interest rate Maturity date 20,000,000.00 euro 6.02 % 20 March 2018 Fund-raising activities did not include any conditions that deviated from Art. 10 (5a) of the German Banking Act. Premature repay- ment obligations are excluded in all cases. The conversion of these funds into capital or other forms of debt has not been agreed upon nor is foreseen. Reporting on the balance sheet is shown at nominal value. Profit-participation Certificates The amount of profit-participation capital of € 6,136 (thousand) (previous year € 16,361 (thousand)) fulfils the criteria of Art. 10 (5) of the German Banking Act with € 6,136 (thousand) (previous year € 6,136 (thousand)).

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