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ePaper created 2014-04-15, 13:56:41 | version 1.30.00
64 notes – münchener Hypothekenbank eg l annual Report 2013 Details of revenue reserves Legal reserve € 000 Other revenue reserves € 000 01 Jan. 2013 282,304 1,534 Transfer from 2012 retained earnings 0 0 Transfer from 2013 net income 0 0 31 Dec. 2013 282,304 1,534 Members’ capital contributions Members’ capital contributions disclosed under capital and reserves item 11aa) consisted of: 31 Dec. 13 € 31 Dec. 12 € Capital contributions 249,640,212.53 162,591,919.69 a) of remaining members 246,914,972.53 160,772,129.69 b) of former members 2,246,230.00 1,418,690.00 c) in respect of shares under notice 479,010.00 401,100.00 Outstanding obligatory payments in respect of shares 17.47 20.31 SILENT PARTICIPATIONS The silent participations valued at € 340,647 (thousand) (previous year € 340,647 (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 € 26,776 (thousand) (previous year € 26,807 (thousand)). ASSETS PLEDGED TO SECURE LIABILITIES Within the framework of open market deals with the European Central Bank, securities valued at € 100,000 (thousand) (previous year € 2,000,000 (thousands)) were pledged as collateral to secure the same amount of liabilities. The book value of the pledged assets (genuine repurchase agreements) was € 503,963 (thousand) (previous year € 220,305 (thousand)). Within the framework of security arrangements for derivative transactions, cash collateral of € 1,786,150 (thousand) (previous year € 2,301,740 (thousand)) was provided. Securities valued at € 13,268 (thousand) (previous year € 12,884 (thousand)) were pledged to secure pension obli- gations and requirements of the partial retirement model for older employees. Securities valued at € 30,086 (thousand) (previous year € 26,776 (thousand)) were pledged to secure financial aid obligations within the framework of a Contractual Trust Arrangement (CTA). FOREIGN CURRENCY ITEMS 31 Dec. 13 € 000 31 Dec. 12 € 000 Assets side 4,971,107 5,702,278 Liabilities side 2,273,067 2,516,550 Contingent liabilities and other obligations 223,347 227,256 OTHER OBLIGATIONS The irrevocable loan commitments contained in this item consist almost solely of mortgage loan commitments made to customers. It is anticipated that the irrevocable loan commitments will be drawn down. Against the background of the ongoing monitoring of loans, the probable need to create provisions for risks related to the remaining obligations is viewed as minor.