ALLIANZ GROUP 158 39 Supplementary information on banking  business *) Volume of foreign currency exposure from banking business The amounts reported constitute aggregate euro equivalents of a wide variety of currencies outside the European Monetary Union. Any differences between the amounts of assets and liabilities result from differing valuation principles. Loans and advances and liabilities are reported at amortized cost, while all derivative transactions are ac- counted for at fair value. For the following liabilities and contingencies, assets having the  indicated value were pledged as collateral: Collateral pledged for own liabilities of banking business USD GBP Other 12/31/2003 12/31/2002 in  ¤ mn in  ¤ mn in  ¤ mn ¤ mn ¤ mn Assets 78,732 54,128 25,636 158,496 163,861 Liabilities 88,589 56,259 23,255 168,103 177,919 12/31/2003 12/31/2002 ¤ mn ¤ mn Liabilities to banks 108,925 84,081 Liabilities to customers 55,578 40,411 Contingent liabilities 7 70 Other commitments 431 8,863 Total collateralized liabilities 164,941 133,425 The total amount of collateral pledged consists of the following assets: 12/31/2003 12/31/2002 ¤ mn ¤ mn Loans and advances to banks 37,943 24,648 Loans and advances to customers 22,681 23,843 Trading assets 104,123 65,430 Investments 187 19,483 Property and equipment 7 21 Total value of collateral pledged 164,941 133,425 $^{*)}$After eliminating intra-Group transactions between segments