Art. 61

(Art. 37 FinIA)

The following shall be deducted when calculating the level of capital adequacy:

1. the loss carried forward and the loss for the current financial year;
2. the unsecured valuation adjustments and provisions for the current financial year;
3. in the case of loans in accordance with Article 60 paragraph 2: 20% of the original nominal amount per year for the last five years prior to repayment;
4. intangible assets (including start-up and organisational costs as well as goodwill) with the exception of software;
5. own shares held by the fund management company at its own risk;
6. the carrying amount of participations.