Financial Report For the period ended June 30, 2016...DEUTSCHE POSTBANK FUNDING TRUST I Consolidated...
Transcript of Financial Report For the period ended June 30, 2016...DEUTSCHE POSTBANK FUNDING TRUST I Consolidated...
Deutsche Postbank Funding Trust I
Financial Report
For the period ended June 30, 2016
Wertpapierhandelsgesetz)
Management Report
Outlook
DEUTSCHE POSTBANK FUNDING TRUST I
Consolidated Financial Statements
UNAUDITED
June 30, 2016
DEUTSCHE POSTBANK FUNDING TRUST I
Consolidated Statement of Financial Condition
Period ended June 30, 2016
AssetsCash 14,891 Subordinated note receivable 300,027,000 Accrued interest receivable 147,188
Total assets 300,189,079
Liabilities, Preferred Securities Subject to Redemption, and Equity
Accrued interest payable 144,758 Accrued expense 15,660
Total liabilities 160,418
Preferred securities subject to redemption 300,000,000
Consolidated Financial Statements
outstanding, 1 share 1,000 Retained earnings 1,661
2,661
Noncontrolling interest 26,000 Total equity 28,661
Total liabilities, preferred securities subject to redemption, and equity 300,189,079
See accompanying notes to consolidated financial statements.
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DEUTSCHE POSTBANK FUNDING TRUST I
Consolidated Statement of Operations
Period January 1 - June 30, 2016
Interest income 1,262,172 Interest expense (1,247,063)
Net interest income 15,109
Noninterest expenses (300)
Net income 14,809
See accompanying notes to consolidated financial statements.
Consolidated Financial Statements
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DEUTSCHE POSTBANK FUNDING TRUST I
Consolidated Statement of Changes in Equity
Period ended June 30, 2016
TotalCommon Retained stockholder’s Noncontrolling Total
stock earnings equity interest equity
Balance at December 31, 2015 1,000 (13,148) (12,148) 26,000 13,852
Net income/Loss Jan 1 - June 30, 2016 14,809 14,809 14,809
Balance at June 30, 2016 1,000 1,661 2,661 26,000 28,661
See accompanying notes to consolidated financial statements.
Consolidated Financial Statements
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DEUTSCHE POSTBANK FUNDING TRUST I
Consolidated Statement of Cash Flows
Period ended June 30, 2016
Cash flows from operating activities:Net income 14,809 Adjustments to reconcile net income to net cash provided by operating activities:
Decrease in operating assets:Accrued interest receivable 66,948
Increase (decrease) in operating liabilities:Accrued interest payable (66,942) Accrued expenses (300)
Net cash provided by operating activities 14,515
Cash, beginning of year 376
Cash, end of year 14,891
Consolidated Financial Statements
Cash paid during the year for:
Interest 1,314,000
See accompanying notes to consolidated financial statements.
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DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
(1) Organization
(2) Summary of Significant Accounting Policies
DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
Consolidation
Distinguishing Liabilities from Equity
DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
Fair Value Measurement
(3) Preferred Securities Subject to Redemption
(4) Related-Party Transactions
DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
(5) Special Redemption Events
DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
DEUTSCHE POSTBANK FUNDING TRUST I
Notes to Consolidated Financial Statements
UNAUDITED
June 30, 2016
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(6) Fair Value of Financial Instruments
June 30, 2016Carryingamount Fair value
(7) Subsequent Events