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<strong>Munich</strong> <strong>Re</strong> Group Notes on the accounts<br />

Notes on the consolidated balance sheet – assets<br />

The intangible assets and investments developed as follows in the year<br />

under review:<br />

64<br />

Book values<br />

30.6.1995 Additions<br />

TDM TDM<br />

(1) Intangible assets 117,774 142,775<br />

(2) Investments<br />

<strong>Re</strong>al estate 6,659,228 228,707<br />

Investments in affiliated companies and participations<br />

– Shares in affiliated companies 191,655 250,714<br />

– Loans to affiliated companies 107,862 1,295<br />

– Participations in associated companies 89,566 7,781<br />

– Other participations 5,436,938 502,323<br />

– Loans to participations 20,178 34,786<br />

5,846,199 796,899<br />

30.6.1996 Previous year<br />

TDM TDM<br />

Other investments<br />

– Shares, investment fund certificates<br />

and other variable-yield securities 20,869,338 16,005,131<br />

– Bearer bonds and other fixed-interest<br />

securities 13,046,116 13,334,389<br />

– Mortgage loans 9,399,610 9,083,649<br />

– Other loans<br />

• <strong>Re</strong>gistered bonds 28,215,187 25,812,371<br />

• Loans and promissory notes 16,790,255 16,617,423<br />

• Loans and advance payments on<br />

insurance policies 740,055 738,796<br />

• Miscellaneous 23,663 23,862<br />

– Deposits with banks 700,293 751,504<br />

– Miscellaneous investments 98 3,589<br />

Total 89,784,615 82,370,714

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