ANNUAL REPORT 2006 - DG Hyp

(16) Subscribed capital
70 Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006
Notes to the Financial Statements
31 Dec 2006 31 Dec 2005
€ 000’s € 000’s
Issued share capital 90,000 90,000
Silent partnership contributions 927,687 773,687
Total 1,017,687 863,687
The issued share capital amounts to € 90,000,000 and is divided into 3,500,000 notional no-par value shares (“unit shares”).
VR-Immobilien GmbH, Frankfurt/Main (“VR IMMO”) holds 3,321,500 shares (94.9 per cent), of which 1,131,320 shares are held
in trust by other entities. The remaining 178,500 shares (5.1 per cent) are held by DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt/Main.
The silent partnership contributions are partial profit transfer agreements within the meaning of section 292 (1) no. 2 of the AktG.
Of the silent contributions, € 334.0 million are unlimited, the remaining € 593.7 million are available through to the end of financial
years 2007-2009. Of the silent contributions, € 773.9 million correspond to the provisions of Section 10 (4) of the KWG on
the balance sheet date.
(17) Breakdown of, and statement of changes in reserves
Balance on Additions Disposals Balance on
31 Dec 2005 31 Dec 2006
€ 000’s € 000’s € 000’s € 000’s
Capital reserve 524,113 30,000 – 554,113
Retained earnings (93,145) (93,145)
– Legal reserves 945 – – 945
– Other retained earnings 92,200 – – 92,200
Total 617,258 30,000 – 647,258
The contribution to the capital reserve was shared between VR IMMO (94.9 per cent) and DZ BANK AG (5.1 per cent), in line with
their respective shareholding.
(18) Contingent liabilities
This item includes predominantly € 563 million in loan guarantees extended to DZ BANK AG as cover for new commercial
real estate finance exposures extended by DZ BANK AG and guaranteed by DG HYP.
(19) Revaluation reserves
No revaluation reserves pursuant to section 10 (2b) sentence 1 no. 6 of the KWG were included in liable capital.