Profit Participation Capital  

in € millions12/31/201512/31/2014
Profit participation capital 19922323
Profit participation capital 2001390390
413413

Profit participation capital is made up of profit participation certificates issued in 2001 (ISIN DE0005229942, hereafter referred to as 2001 profit participation certificates) and profit participation certificates issued in 1992 (ISIN DE0005229900, hereafter referred to as 1992 profit participation certificates). At the end of the reporting period, nominal profit participation capital consisted of €390 million in 2001 profit participation certificates (previous year: €390 million) and €23 million in 1992 profit participation certificates (previous year: €23 million). The 1992 and 2001 profit participation certificates are listed for public trading on the Regulated Market.
On December 31, 2015, the nominal value of the profit participation capital totaled €301 million (previous year: €301 million).

Of this amount, €284 million is due to 2001 profit participation certificates (previous year: €284 million) and €17 million to 1992 profit participation certificates (previous year: €17 million). The 2001 profit participation certificates each have a notional value of €10 and the notional value of each 1992 profit participation certificate is €0.01. The market value of the 2001 profit participation certificates with a closing rate of 317.50 percent on the last day of trading in the past financial year on the Frankfurt Stock Exchange was €903 million (previous year: €856 million with a rate of 301.00 percent) and correspondingly, €29 million for the 1992 profit participation certificates with a rate of 172.00 percent (previous year: €34 million with a rate of 200.00 percent). The fair values are based on level 1 of the fair value hierarchy.