The following table provides a specification of the Subordinated liabilities as at 31 December.
 Download XLS |
|
|
|
General (incl. |
|
|
Banking |
Insurance |
eliminations) |
Total |
31 December 2007 |
|
|
|
|
Liability component of subordinated convertible securities |
2,106 |
|
3,577 |
5,683 |
Other hybrid and Tier 1 liabilities |
5,569 |
599 |
(2,635) |
3,533 |
Other subordinated liabilities |
13,482 |
757 |
(3,470) |
10,769 |
Held at fair value through profit or loss |
1,971 |
|
|
1,971 |
Fair value adjustment from hedge accounting |
(31) |
|
|
(31) |
Total subordinated liabilities |
23,097 |
1,356 |
(2,528) |
21,925 |
|
|
|
|
|
31 December 2006 |
|
|
|
|
Liability component of subordinated convertible securities |
|
|
1,108 |
1,108 |
Other hybrid and Tier 1 liabilities |
2,438 |
600 |
494 |
3,532 |
Other subordinated liabilities |
10,302 |
819 |
(1,726) |
9,395 |
Held at fair value through profit or loss |
1,322 |
|
|
1,322 |
Fair value adjustment from hedge accounting |
18 |
|
|
18 |
Total subordinated liabilities |
14,080 |
1,419 |
(124) |
15,375 |
|
|
|
|
|
31 December 2005 |
|
|
|
|
Liability component of subordinated convertible securities |
|
|
1,048 |
1,048 |
Other hybrid and Tier 1 liabilities |
2,433 |
599 |
|
3,032 |
Other subordinated liabilities |
8,674 |
993 |
(1,373) |
8,294 |
Held at fair value through profit or loss |
1,325 |
|
|
1,325 |
Fair value adjustment from hedge accounting |
58 |
|
|
58 |
Total subordinated liabilities |
12,490 |
1,592 |
(325) |
13,757 |
The average balance for Subordinated liabilities was EUR 17,352 million in 2007 (2006: EUR 14,808 million; 2005: EUR 13,397 million). The average yield was 5.4% in 2007 (2006: 5.3%; 2005: 5.5%).
The nominal value of the Subordinated liabilities held at fair value through profit or loss was EUR 1,954 million at 31 December 2007 (2006: EUR 1,271 million; 2005: EUR 1,208 million).
