Geschäftsbericht 2015, englisch

63 deferred items from the issuing and loan business 31 Dec. 15 € 000 31 Dec. 14 € 000 Assets side 12. Discount from liabilities 47,379 36,845 Premium from claims 6,242 9,496 Other deferred charges 528 243 Liabilities side 6. Premium from liabilities 6,581 8,278 Discount from claims 5,856 7,141 Other deferred income 16 37 deferred TAXES Deferred tax liabilities mainly result from 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. The remain- ing backlog of deferred tax assets arising after clearing is not recorded in the balance sheet. Subordinated liabilities Subordinated liabilities incurred interest expenses of € 8,720 (thousand) (previous year € 8,762 (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 % 20.03.2018 The instruments comply with the provisions of Art. 63 of the Capital Requirements Regulation (CRR). Premature repayment 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 nominal € 6,136 (thousand) (previous year € 6,136 (thousand)) fulfils the criteria of Art. 63 CRR with € 6,136 (thousand) (previous year € 6,136 (thousand)). OTHER LIABILITIES The item “Other liabilities” consists of € 372,781 (thousand) for deferred items and adjustment items for valuation of foreign currency items, and € 86,128 (thousand) related to derivative transactions as well as, above all, liabilities valued at € 7,245 (thousand) for accrued interest related to silent participations. Notes 31 Dec. 15 € 00031 Dec. 14 € 000 Discount from liabilities 47,37936,845 Premium from claims 6,2429,496 Other deferred charges 528243 Premium from liabilities 6,5818,278 Discount from claims 5,8567,141 Other deferred income 1637

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