Law on the determination of the economic plan of the ERP special assets for the year 2015 (ERP-Economic Planning Act 2015)
Unofficial table of contents
ERPWiPlanG 2015
Date of completion: 29.11.2014
Full quote:
" ERP-Economic Planning Act 2015 of 29 November 2014 (BGBl. I p. 1805) "
| § § 2 to 5 shall act in accordance with § 6 on the day of the proclamation of the ERP Business Plan Act 2016 repeal of force |
For more details, please refer to the menu under
Notes
Footnote
(+ + + Text evidence from: 1.1.2015 + + +)
Unofficial table of contents
§ 1 Determination of the economic plan of the ERP special assets
The economic plan of the ERP special assets for 2015, which is attached to this law as an annex and in accordance with § 8 paragraph 1 sentence 1 of the ERP Administration Act of 26 June 2007 (BGBl. I p. 1160) shall be drawn up in revenue and expenditure
noted.
Unofficial table of contents
§ 2 authorization to take credit
The Federal Ministry for Economic Affairs and Energy is authorized to borrow loans from the Kreditanstalt für Wiederaufbau up to 30 percent of the amount determined in § 1.
Unofficial table of contents
§ 3 Permitted additional expenditure without a supplementary economic plan
If additional expenditure is required in relation to the ERP economic plan as a result of an unforeseen and unpredictable need (Article 112 of the Basic Law), there is no need for any supplementary economic plan if the multi-issue in the individual case is Amount not exceeding EUR 5 000 000 or if legal obligations are to be fulfilled.
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§ 4 Assumption of warranties
(1) The Federal Ministry of Economic Affairs and Energy is authorized, with the consent of the Federal Ministry of Finance, to guarantee guarantees, guarantees or other warranties to promote the commercial economy, including the liberal professions up to a total amount of EUR 2 600 million to the detriment of the special ERP assets. (2) The maximum amount referred to in paragraph 1 shall be the guarantees, guarantees and guarantees taken on the basis of the appropriations entered in the previous economic plan laws; and Other warranties are credited to the extent that the ERP special fund is still in (3) A guarantee, guarantee or other guarantee shall be set on the maximum amount in the amount in which the amount of the maximum amount of the total amount of the goods shall be calculated. ERP special assets can be used from this. Interest and costs are to be calculated on the enabling framework only if a common liability amount for the principal obligation, interest and costs is determined at the time of the acquisition. (4) Insofar as the ERP special assets without recourse to the Liability is free or replacement for rendered services has been obtained, an assumed warranty on the maximum amount is no longer to be counted.
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§ 5 amounts excluded from the intended use
The amounts and commitment appropriations entered in Chapter 1, Titles 681 02 and 681 03, are excluded from the limitation of the purpose defined in § 2 of the ERP Administration Act.
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§ 6 Freezer
§ § 2 to 5 come out of force on the day of the proclamation of the ERP Economic Planning Act 2016.
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Section 7 Entry into force
This Act shall enter into force on 1 January 2015.
Unofficial table of contents
Annex (to § 1)
Economic plan according to § 8 of the ERP-Administrative Law of 26 June 2007
(Fundstelle: BGBl. I 2014, 1807-1820)
| Chapter 1 (expenditure): |
Investment finance |
| Chapter 2 (Other expenditure): |
Other expenditure |
| Chapter 3 (Revenue): |
Revenue |
| Appendix 1: |
Overview of commitment appropriations |
| Appendix 2: |
Remitting of the ERP special assets according to the status of 31 December 2013 |
| Appendix 3: |
Report of the KfW pursuant to § 8 of the ERP-Verwaltungsgesetz (ERP-Verwaltungsgesetz) on the use of the included equity and the granted post-rangout loan |
Chapter 1
Title and Functional Purpose Amount for 2015 1 000 €amount for 2014 1 000 €Ist-Result 2013 1 000 €
12345
| |
Expenditure |
|
|
|
| 892 01-691 |
Financial support to support start-ups and mergers, to increase the performance of small and medium-sized private enterprises, and for exports of the commercial economy... |
37 700 |
32 200 |
24 017 |
| |
The estimated funds will be used for the approval of KfW-funded loans. |
|
|
|
| |
Commitment appropriation .......... |
315 600 T€ |
|
|
|
| |
of which: |
|
|
|
|
| |
Year 2016 up to .......... |
49 600 T€ |
|
|
|
| |
Year 2017 up to .......... |
48 000 T€ |
|
|
|
| |
Year 2018 up to .......... |
43 300 T€ |
|
|
|
| |
in future financial years .......... |
174 700 T€ |
|
|
|
| |
Budget note: |
|
|
|
| |
1. Savings shall be used to cover additional expenditure in Titles 683 01 and 870 01. |
|
|
|
| |
Additional expenditure may be made up to the amount of € 10 000 of the savings under Title 683 01. |
|
|
|
| 683 01-691 |
Delivery costs from commitments up to 31.12.2014 as well as other obligations arising from the reorganisation of ERP-economic promotion .......... |
261 100 |
252 000 |
227 983 |
| |
Payment obligations .......... |
1 020 900 T€ |
|
|
|
| |
of which: |
|
|
|
|
| |
Year 2016 up to .......... |
224 400 T€ |
|
|
|
| |
Year 2017 up to .......... |
184 700 T€ |
|
|
|
| |
Year 2018 up to .......... |
148 900 T€ |
|
|
|
| |
in future financial years .......... |
462 900 T€ |
|
|
|
| |
Budget note: |
|
|
|
| |
Additional expenditure may be made up to the amount of the savings under Title 892 01. |
|
|
|
| |
2. Savings shall be used to cover up to 10 000 T€ of the cover of additional expenditure under Title 892 01. |
|
|
|
| 682 02-330 |
Financing of projects with German and European partners for the provision of risk capital for small and medium-sized enterprises in Germany as well as projects related to the energy transition.
Additional expenditure on energy projects can be made up to the level of revenue from Chapter 3 of the Regulation 129 01. In this context, with the approval of the BMF, commitments may be made for future financial years.... |
500 000 |
500 000 |
89 072 |
| |
Commitment appropriation .......... |
1 733 100 T€ |
|
|
|
| |
of which: |
|
|
|
|
| |
in future financial years .......... |
1 733 100 T€ |
|
|
|
| |
Budget note: |
|
|
|
| |
Additional expenditure may be made up to the level of the additional revenue under Title 129 01. |
|
|
|
| 681 02-029 |
Grant of scholarships to students and young scientists as well as long-term promotion of information trips of German/Jewish-American youths and of multipliers to Germany .......... |
2 700 |
2 700 |
2 600 |
| |
Commitment appropriation .......... |
4 460 T€ |
|
|
|
| |
of which: |
|
|
|
|
| |
Year 2016 up to .......... |
1 140 T€ |
|
|
|
| |
Year 2017 up to .......... |
1 660 T€ |
|
|
|
| |
Year 2018 up to .......... |
1 660 T€ |
|
|
|
| |
Budget note: |
|
|
|
| |
1. Expenditure is mutually congrued with the following title: 681 03. |
|
|
|
| |
2. The expenditure shall be transferable. |
|
|
|
Investment finance
To Tit. 892 01
The purpose of the ERP financial support is to support business start-ups and companies, to increase the performance of medium-sized private enterprises and to promote exports of the commercial economy. In addition, funding contributions for the promotion of energy efficiency measures can be made. Accordingly, the funds will be used to finance the following financing purposes with a volume of approx. 6 320.0 million Euro interest rates are:
| a) |
Projects in regional assisted areas .......... |
€ 350 million Euro |
| b) |
Start-ups and growth-
financings .......... |
€ 3 680 million Euro |
| c) |
Refinancing of private equity investment companies .......... |
€ 90 million Euro |
| d) |
Innovations .......... |
1 200 million Euro |
| e) |
Export Financing .......... |
1 000 million Euro. |
If demand demands, interest-rate reductions can be adjusted, procurement volumes can be adjusted accordingly and shifts between the individual funding areas can be carried out. ERP-Special ability can permanently bear the resulting loads. The funding volume planned for 2015 has also been used for the coming years. According to the above division and with the objective that this will contribute to sustainable development in the sense of Agenda 21 , financial support may be granted for the following purposes, with interest subsidies:
-
a)
-
Investments of medium-sized enterprises in the areas of the joint task "Improvement of the regional economic structure".
-
b)
-
Business start-ups, corporate overtaking and growth financing of medium-sized enterprises in the commercial and liberal professions.
-
c)
-
Refinancing for private equity investment companies, which facilitate the procurement of risk capital for medium-sized enterprises.
-
d)
-
Long-term promotion of market-oriented research and development of new products, processes or services as well as their market launch.
-
e)
-
Financing of supplies and services in connection with the export of capital goods to developing countries.
As part of the appropriation, up to € 10 million may also be available. Expenditure on mandating/project/administration costs can also be provided from the approach.
To Tit. 683 01
The title approach includes the payment obligations arising from the credit claims (old business) not transferred to the Federal Government in the course of the reorganisation and from other obligations in the course of the reorganisation of the ERP business promotion and the costs of Commitments following the reorganisation of ERP-Economic development up to and including 31 December 2014.The payment obligations in future financial years amount to 1 020.9 million. Euro, of which:
| Year 2016 to .......... |
€ 224.4 million Euro |
|
| Year 2017 up to .......... |
184.7 million Euro |
|
| Year 2018 up to .......... |
€ 148.9 million Euro |
|
| in future financial years .......... |
€ 462.9 million Euro. |
|
To Tit. 682 02
The approach includes in particular:
-
-
-
the doping of the ERP/EIF funds with the aim of facilitating the procurement of risk capital both in the early and growth phases (venture capital) and in the expansion phase (private equity, mezzanine capital);
-
-
-
Burdens arising from the acquisition of participation in High-Tech Gründerfonds GmbH & Co. KG (High-Tech Gründerfonds I) and at High-Tech Gründerfonds II GmbH & Co. KG (High-Tech Gründerfonds II).
In addition, provision was made for envisaged changes in equity financing together with KfW (in particular, realignment and spin-off of the successor programme ERP-Startfonds; resumption of the Further measures are the Microcredit Fund and the Micromezzanine Fund together with the European Social Fund (ESF), participations in medium-sized investment companies as well as projects in the context of the energy transition in the scope of approx. 650 million Euro.In the title are double estimates as an approach in the financial year 2015 or as commitment authorisation with disbursement in the years 2016 ff. , since it is the freedom of decision of the managers of the refinanced funds, whether they make commitments with disbursements in the financial year 2015 or in subsequent years. The identified funds are part of the special assets (redeployment) and go not to the detriment of the earned income. The approach may also provide for expenditure on mandating/project management costs. The commitment appropriations at the expense of future financial years amount to 1 733.1 million. Euro.
To Tit. 681 02
The budgeted cash approach is based on scholarship programmes, and
-
-
-
€ 1,040 million Euro on the MOE/GUS scholarship program, which allows students of economics from central, eastern and southeastern European countries to study in Germany,
-
-
-
€ 0.830 million Euro on the ERP scholarship program USA, with which young German postgraduate scientists are given the opportunity to continue their education at a leading university in the United States of America,
-
-
-
€ 0.210 million Euro to co-finance the McCloy Academic Scholarship Program.
In addition, in this context, expenditure on teaching and learning material for universities in Central, Eastern and Southeastern Europe, the temporary stay of German university teachers at universities in these countries, as well as the provision of teaching and learning material for universities in these countries, can also be used. Expenditure on evaluation and fellowship selection of the scholarship programmes mentioned will be financed. Up to € 0.580 million The euro of the baran approach is based on a German/Jewish-American meeting project, with which young American Jews and multipliers will be given the opportunity to get a picture of the situation in the present day. Germany and about the relationship with the Jewish fellow citizens. This project is long term. Basically, travel to the USA is not to be promoted. In addition to the cash approach, this title is subject to a commitment appropriation of 4,460 million. Euro is expected to be due in 2016 until 2018, in order to also promote multi-annual projects. The approach may also include mandating/project management/administration costs.
Chapter 1
Title and Functional Purpose Amount for 2015 1 000 €amount for 2014 1 000 €Ist-Result 2013 1 000 €
12345
| 681 03-029 |
Promotion of measures within the framework of the German Programme for Transatlantic Encounters .......... |
3 600 |
3 600 |
1 037 |
| |
Commitment appropriation .......... |
5 100 T€ |
|
|
|
| |
of which: |
|
|
|
|
| |
Year 2016 up to .......... |
1 500 T€ |
|
|
|
| |
Year 2017 up to .......... |
1 300 T€ |
|
|
|
| |
Year 2018 up to .......... |
1 300 T€ |
|
|
|
| |
Year 2019 up to .......... |
1 000 T€ |
|
|
|
| |
Budget note: |
|
|
|
| |
1. Expenditure is mutually congrued with the following title: 681 02. |
|
|
|
| |
2. The expenditure shall be transferable. |
|
|
|
| 870 01-680 |
Use made of warranties .......... |
1 000 |
1 000 |
0 |
| |
Budget note: |
|
|
|
| |
Additional expenditure may be made up to the amount of the savings under Title 892 01. |
|
|
|
| |
Total Investment Finance |
806 100 |
791 500 |
|
| |
Completion |
|
|
|
| |
Allocations and grants .......... |
6 300 |
6 300 |
|
| |
Expenditure on investment .......... |
799 800 |
785 200 |
|
| |
Total Investment Finance |
806 100 |
791 500 |
|
Investment finance
To Tit. 681 03
The funds will be used for the implementation of the German Programme for Transatlantic Encounters (Transatlantic Programme). Under this programme, international, in particular transatlantic, projects will be funded in the spirit of George C. Marshall. In principle, the Federal Ministry of Economics and Energy (BMWi) decides on the funding in agreement with the Interministerial Committee (IMA). In addition to the cash approach, this title is subject to a commitment appropriation in the amount of a total of 5.1 million Euro is due in 2016 until 2019, in order to also promote multi-annual projects. The approach can also be carried out by mandating/project management/administration costs.
To Tit. 870 01
The amount is provided for the use of warranties, guarantees, liability exemptions and liability commitments. The empowerment to take over the warranties arises from § 4 of the respective ERP economic plan law. Commitments made from warranties amounted to approximately 1 300 million on 31 December 2013. Euro.
Chapter 2
Title and Functional Purpose Amount for 2015 1 000 €amount for 2014 1 000 €Ist-Result 2013 1 000 €
12345
| |
Other expenditure |
|
|
|
| 531 01-013 |
Costs for publications and investigations as well as other costs of the ERP special assets .......... |
750 |
750 |
59 |
| 575 01-680 |
Interest payable .......... |
1 000 |
1 000 |
0 |
| 671 01-680 |
Processing fees .......... |
50 |
50 |
1 |
| 595 01-062 |
Redemption of credits according to § 2 ERP-Economic Planning Act 2015 .......... |
- |
- |
0 |
| 697 01-389 |
Compensation of liquidity inflows .......... |
- |
- |
0 |
| |
Total Other Expenditure |
1 800 |
1 800 |
60 |
| |
Completion |
|
|
|
| |
Other expenditure .......... |
1 800 |
1 800 |
|
| |
Interest cost .......... |
- |
- |
|
| |
Total Other Outputs |
1 800 |
1 800 |
60 |
Other expenditure
To Tit. 531 01
This appropriation is intended to finance public relations activities and the development of the ERP programmes. This includes publications in which information on the activities and programmes of the ERP special assets is also provided on the Internet. Furthermore, other expenses of the ERP special assets can be made from the approach, insofar as they are not taken over by the Federal Government. Evaluation of ERP programs as well as practice-oriented forms of examination (e.g. Seminars, workshops, conferences, etc. Ä.), which can contribute to the further development of the ERP support.
To Tit. 575 01
The amount is earmarked for the return of funds raised by the Kreditanstalt für Wiederaufbau in accordance with the ERP economic plan 2014.
To Tit. 671 01
This appropriation is intended to cover processing fees which are not to be covered by the interest margin. This includes, in particular, the fees for the fiduciary management of ERP loans and other claims (e.g. B. if the special ERP assets are made up of guarantees and the funding institutions have been transferred to the resale of the receivings transferred to the ERP special fund). It is also possible to pay judicial, audit and similar costs from the approach.
To Tit. 595 01
The title is intended for the repayment of funds received by the Kreditanstalt für Wiederaufbau.
To Tit. 697 01
In connection with the audit of the 2008 annual accounts, the Federal Court of Auditors agreed that all payment flows should be recorded in the framework of the ERP economic plan, that is to say, those which are not in the economic promotion area but in the Asset range of the ERP special assets (e.g. B. Repayments of depleted loans or receipts serving the maintenance of the asset). The compensation title compensates for revenue and expenditure by means of a correction item and thus contributes to the principle of budgetary compensation in the ERP administrative law. The title also allows payments to be made in the context of the financial statements of the ERP-Economic development of the previous year.
Chapter 3
Title and Functional Purpose Amount for 2015 1 000 €amount for 2014 1 000 €Ist-Result 2013 1 000 €
12345
| |
Revenue |
|
|
|
| 119 99-680 |
Mixed revenue .......... |
0 |
0 |
354 |
| 141 02-680 |
Refluxes from the use of warranties .......... |
0 |
0 |
0 |
| 162 01-691 |
Income from assets .......... |
261 084 |
332 541 |
367 153 |
| 182 01-691 |
Redemption of loans .......... |
33 672 |
42 427 |
33 615 |
| 129 01-873 |
Income from assets .......... |
445 544 |
350 232 |
21 000 |
| |
Budget note:
Revenue may be used for expenditure in Chapter 1. Multi-revenue measures are used to perform the additional expenditure under Title 682 02. |
|
|
|
| 231 01-699 |
Interest subsidies and reimbursements from the federal budget to increase the performance of medium-sized private enterprises of the commercial economy .......... |
67 600 |
68 100 |
84 100 |
| |
(a) ERP Innovation Programme: |
45 280 T€ |
|
|
|
| |
(b) Special funds energy efficiency: |
8 320 T€ |
|
|
|
| |
c) ERP Start Fund: |
9 000 T€ |
|
|
|
| |
(d) High-Tech Gründerfonds I and II: |
5 000 T€ |
|
|
|
| |
Budget note:
Is-revenue is earmarked. They are used for the performance of the expenditures for the federal share of the ERP Innovation Programme, for the ERP environment and energy efficiency programme (special funds energy efficiency/investment loans), the ERP start-up fund as well as the High-Tech Gründerfonds I and II at the following titles: 892 01, 683 01 and 682 02. |
|
|
|
| 325 02-928 |
Revenue from borrowing by KfW .......... |
0 |
0 |
0 |
| |
Total revenue |
807 900 |
793 300 |
|
| |
Completion |
|
|
|
| |
Administrative revenue .......... |
0 |
0 |
|
| |
Other revenue .......... |
807 900 |
793 300 |
|
| |
Total revenue |
807 900 |
793 300 |
|
Revenue
To Tit. 119 99
The title is intended for arrivals from already booked claims.
To Tit. 162 01
The following liquid income from the ERP assets are expected:
| a) |
Remuneration ERP-promotional reserve I.......... |
166 325 T€ |
| b) |
Interest-rate subordinated loan .......... |
54 148 T€ |
| c) |
Income from loans to enterprises .......... |
40 611 T€ |
| Total .......... |
261 084 T€ |
These revenues are used for support measures within the framework of the ERP business plan. The excess yields, together with the expected increase in non-liquid assets of the ERP special assets in the KfW, serve the substance of the subsistent. Non-cash income of the ERP special assets is the profit on the shares of the ERP special assets at the liable capital of the KfW. For income from the ERP support reserves II and III, which only in the KfW liquide and there exclusively for promotion can be used, no approach is put out, as the yield depends on the KfW profit, whose creation and altitude is uncertain. In order to ensure a lasting substance content of the ERP special assets, BMWi and BMF have a Compensation agreement completed, after the annual misdeed amounts to the continued Countervalue of the ERP special assets is compensated annually. The amounts required for compensation are determined in each case in connection with the drawing up of the annual balance sheet of the ERP special assets and are booked with effect for this balance sheet.
To Tit. 182 01
This appropriation is intended to cover the repayment of ERP loans:
| Senator of Finance Berlin .......... |
1 076 T€ |
| Company .......... |
32 596 T€ |
| Total .......... |
33 672 T€ |
To Tit. 129 01
There will be a. Receipts from the repayment of the repaid loan expected. The revenue shall be used to cover expenditure under Title 682 02.
To Tit. 231 01
The federal budget participates in the titles 892 01 (financial support for the support of business start-ups and companies, for the increase in the performance of medium-sized private enterprises as well as for exports of the commercial economy) and 683 01 (promotional costs from commitments up to 31.12.2013 as well as other obligations arising from the reorganisation of the ERP economic promotion) of the ERP economic plan under the Innovation Programme and the interest subsidies granted under the Energy efficiency programme and the ERP launch fund Interest-rate reductions. The amounts to be reimbursed by the Federal budget of the ERP special fund shall be collected under this Title. New commitments from 2012 will only be subsidised from the Federal budget in the ERP Innovation Programme; moreover, it is the financing of Altzusagen.As compensation for those with the relocation of High-Tech Gründerfonds I and II The federal budget provides additional costs of € 5 million by 2016. Euro annually, which serve the necessary substance content in the ERP special fund. There is no obligation to provide the Federal Government with an obligation to follow up on the appropriation. The allocations will be collected on this title.
To Tit. 325 02
According to § 2 ERP-Economic Planning Act, funds can be procured by loans.
Completion
Ka- pitelLabelling revenue Expenditure Of which
other Expenditure Interest Cost Assignments and Grant investment
1 000 € 1 000 € 1 000 € 1 000 € 1 000 € 1 000
1
|
Investment and
Export Financing |
807 900 |
806 100 |
1 800 |
|
6 300 |
799 800 |
2
|
Other expenditure/
Revenue |
|
1 800 |
|
|
|
|
| |
|
807 900 |
807 900 |
1 800 |
|
6 300 |
799 800 |
| |
|
|
Annex 1Overview of commitment appropriations
Title and purpose (Valid) Issues- to 2015a) Up To 31.12.2013 received Commitments b) VE 2014 c) VE 2015of which
2016201720182019 ff.
in € million
1234567
892 01
|
Medium-sized enterprises,
Export Financing .......... |
37,7 |
a) |
- |
- |
- |
- |
- |
| |
|
|
b) |
- |
- |
- |
- |
- |
| |
|
|
c) |
315,600 |
49,600 |
48,000 |
43,300 |
174,700 |
| 683 01 |
Funding costs .......... |
261.1 |
a) |
- |
- |
- |
- |
- |
| |
|
|
b) |
- |
- |
- |
- |
- |
| |
|
|
c) |
1 020,900 |
224,400 |
184,700 |
148,900 |
462,900 |
681 02
|
Grant of scholarships and
Promotion of information travel .......... |
2.7 |
a) |
0.520 |
0.520 |
- |
- |
- |
| |
|
|
b) |
2,080 |
1,040 |
1,040 |
- |
- |
| |
|
|
c) |
4,460 |
1,140 |
1,660 |
1,660 |
- |
681 03
|
Promotion of measures within the framework of the German Programme for
Transatlantic Encounter .......... |
3.6 |
a) |
0.500 |
0.400 |
0.100 |
- |
- |
| |
|
|
b) |
3,600 |
1,300 |
1,300 |
1,000 |
- |
| |
|
|
c) |
5.100 |
1,500 |
1,300 |
1,300 |
1,000 |
| |
Total |
305.1 |
a) |
1,020 |
0.920 |
0.100 |
- |
- |
| |
|
|
b) |
5,680 |
2,340 |
2,340 |
1,000 |
- |
| |
|
|
c) |
1 346,060 |
276,640 |
235,660 |
195,160 |
638,600 |
| 682 02 |
Cooperation projects .......... |
500.0 |
a) |
- |
|
|
|
|
| |
|
|
b) |
- |
|
|
|
|
| |
|
|
c) |
1 733,100 |
|
2016 ff.: |
1 733,100 |
|
Annex 2Restatement of the ERP special assets
Compilation of assets and commitments
Assets:
Stand on 31.12.2013Stand on 31.12.2012
€€
| A. |
Bank balance .......... |
1 897 630 404 |
1 749 015 018 |
| |
KfW Subordinated Loan .......... |
2 246 588 990 |
3 246 588 990 |
| B. |
Loan receiving.......... |
239 340 455 |
189 462 272 |
| C. |
Other requirements |
0 |
37 081 117 |
| |
1. |
Interest rate and commission received.......... |
0 |
37 081 117 |
| |
2. |
Redemption requirements .......... |
0 |
0 |
| D. |
Participations |
|
|
| |
1. |
Credit institution for reconstruction .......... |
1 082 876 331 |
1 082 876 331 |
| |
2. |
KfW-reserve from funds of the ERP special assets .......... |
1 190 752 106 |
1 113 261 654 |
| |
3. |
Capital reserve II .......... |
1 000 000 000 |
1 000 000 000 |
| |
4. |
Separate capital reserve .......... |
614 280 731 |
614 280 731 |
| |
5. |
Returns on the return of capital .......... |
1 567 857 542 |
1 296 092 393 |
| |
6. |
ERP-promotional reserve I.......... |
4 650 000 000 |
4 650 000 000 |
| |
7. |
Legal reserve of the KfW .......... |
615 270 643 |
615 270 643 |
| |
8. |
Special profit reserve .......... |
0 |
0 |
| |
9. |
ERP-promotional reserve II .......... |
253 794 385 |
250 000 000 |
| |
10. |
ERP-profit reserve I.......... |
92 370 642 |
44 952 004 |
| |
11. |
ERP support reserve III .......... |
1 000 000 000 |
|
| |
12. |
High-Tech Gründerfonds I and II .......... |
112 749 881 |
|
| |
|
|
16 563 512 110 |
15 888 881 153 |
| |
|
|
|
|
according to the status of 31 December 2013Passiva:
Stand on 31.12.2013Stand on 31.12.2012
€€
| A. |
Provisions |
|
|
| |
1. |
Asset heating.......... |
0 |
380 000 000 |
| |
2. |
Promotional loads .......... |
911 534 623 |
|
| |
3. |
High-Tech Gründerfonds I and II .......... |
105 250 000 |
|
| B. |
Liabilities |
|
0 |
| |
1. |
from ERP-promotional load .......... |
922 002 |
|
| |
2. |
from micromezzanine funds .......... |
35 000 000 |
|
| C. |
Assets |
15 510 805 485 |
15 508 881 153 |
| |
|
|
|
16 563 512 110 |
15 888 881 153 |
| |
|
|
|
|
|
| Obligations arising from warranties .......... |
1 290 740 912 |
764 452 677 |
Annex 3Report of the KfW
pursuant to § 8 of the ERP-Verwaltungsgesetz über die Usage
of the amount of the capital and of the subordinated loan granted
In 2013, a financing volume of rd was established in the SME funding from the ERP support programmes. 4.5 billion EUR 267.1 million for the period referred to in the above-mentioned period. EUR.The income from the ERP support reserves I and II as well as from the subordinated loan are used within the framework of this financing requirement, the equity also serves the risk-side management of the ERP promotional loans. The 2007 within the framework of the The new order of the ERP business promotion has been paid by KfW for the period from 01.01. to 31.12.2013 as follows:
-
•
-
Remuneration of the ERP support reserve I in accordance with § 4 of the implementing contract with a rate of 4.17%. The revenues of 193,9 million EUR were available in full to cover the funding costs for the year 2013.
-
•
-
Interest rate of the secondary loan in accordance with § 3 of the implementing contract with an interest rate of 3.41%. This resulted in an interest-rate amount of 110.7 million in 2013. EUR.
In addition to the capital introduced in 2007, the special ERP assets at the end of 2012 have a further funding reserve of 250 million. EUR (ERP-Förderrücklage II) was introduced into the KfW. Their remuneration is made in accordance with § 2 of the ERP-Förderrücklage II (ERP-Förderrücklage II) through the annual participation of the reserve in the distribution of the remaining commercial legal results of the KfW according to the pre-doings in proportion to their amount. at the level of all equity components participating in the distribution. The corresponding share of the annual surplus of KfW to be distributed amounted to 13.8 million for the 2013 financial year. EUR.The total funds available to cover the 2013 ERP funding from the capital contributed to the KfW amounted to 318.4 million in 2013. EUR. These were used as follows:
-
•
-
Pre-doping of the ERP support reserve I: The ERP special assets from the remuneration of the ERP support reserve I (193,9 million) EUR) and the ERP support grant (108.1 million) EUR from the interest of the ERP-Nachrangdarlehens) in accordance with ERP-Economic Planning Act of 302.0 million. EUR 257.1 million has been allocated to the budget. EUR to cover the loads from the ERP business promotion of the year 2013 (without ERP-Startfonds 2011). The remaining resources of € 44.9 million In accordance with § 4 paragraph 6 in conjunction with Section 11 (5) of the Implementing Contract, EUR were assigned to the separate profit reserve I of the ERP special assets with the KfW. This profit backlog is available for the coverage of ERP-payloads of the coming years.
-
•
-
Pre-doping of the ERP support reserve II: The funds allocated to the ERP special assets from the remuneration of the ERP support reserve II in the amount of 13.8 million. EUR 10.0 million in EUR 10 million. EUR to cover the loads from the ERP business promotion of the year 2013 in the framework of the ERP-Startfonds 2011. The remaining funds of € 3.8 million In accordance with § 2 (5) of the introduction contract ERP-Förderrücklage II of the separate profit reserve II of the ERP-special assets with the KfW were allocated. This profit reserve is available, in particular, for the provision of venture capital by the KfW for the purpose of promoting young technology companies in Germany.
-
•
-
The amount of EUR 2.6 million not used as part of the pre-doping to cover the amount of the subsidy. EUR (remaining interest from the subordinated loan) was used to partially cover the payments in the ERP grant programs in 2013. The difference to the total disbursements (€ 3.5 million) EUR) of EUR 0.9 million EUR was charged to the account of the ERP special assets.
Thus, the revenues generated from the capital contributed were used for the ERP promotion, respectively. the ERP special fund is supplied for promotional purposes. The regularity of the reporting as of December 31, 2013 will be examined and confirmed by an auditor in accordance with the contract.
