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<strong>Munich</strong> <strong>Re</strong> Group<br />

Consolidated balance sheet as at 30th June 1996<br />

Previous<br />

Assets Notes TDM TDM year TDM<br />

A. Liability of shareholders for uncalled capital 444,000 410,153<br />

B. Intangible assets (1) 122,795 117,774<br />

C. Investments<br />

III. <strong>Re</strong>al estate (2) 6,574,822 6,659,228<br />

III. Investments in affiliated companies<br />

and participations (2, 3) 6,482,587 5,846,199<br />

III. Other investments (2) 89,784,615 82,370,714<br />

102,842,024 94,876,141<br />

IV. Deposits retained on assumed<br />

reinsurance business (5) 17,393,154 16,089,722<br />

120,235,178 110,965,863<br />

D. Investments for the benefit of life insurance<br />

policyholders who bear the investment risk 43,587 42,225<br />

E. <strong>Re</strong>ceivables (4, 5)<br />

III. Amounts receivable on direct insurance<br />

business 1,146,172 1,296,236<br />

III. Accounts receivable on reinsurance<br />

business 1,430,461 1,269,536<br />

III. Other receivables 495,024 469,723<br />

3,071,657 3,035,495<br />

F. Other assets (6) 856,004 840,267<br />

G. Deferred items (7) 2,086,945 1,958,415<br />

Total assets 126,860,166 117,370,192<br />

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