Download PDF version - Munich Re
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<strong>Munich</strong> <strong>Re</strong> Group Notes on the accounts<br />
Book values<br />
<strong>Re</strong>allocations Disposals Depreciation 30.6.1996<br />
TDM TDM TDM TDM<br />
– 110,544 27,210 122,795<br />
– 53,184 259,929 6,574,822<br />
– 189,603 5,145 247,621<br />
5,608 50,397 – 64,368<br />
– – – 97,347<br />
250,180 93,275 33,182 6,062,984<br />
–5,806 38,891 – 10,267<br />
249,982 372,166 38,327 6,482,587<br />
The intangible assets consist of purchased insurance portfolios and<br />
software.<br />
The book value of self-occupied real estate amounts to TDM 1,082,230.<br />
The shares in affiliated companies involve those subsidiaries that are not<br />
consolidated in the accounts because of their subordinate importance for<br />
assessing the Group’s assets, liabilities, financial position and results.<br />
These are mainly holding companies and service and management<br />
companies.<br />
Derivative financial products are used exclusively for hedging purposes in<br />
respect of parts of the portfolio and for implementing planned purchases<br />
and sales. In relation to the balance sheet total, the volume of open<br />
positions on the balance sheet date and all the transactions concluded in<br />
the period under review was negligible.<br />
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