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<strong>Munich</strong> <strong>Re</strong> Group Notes on the accounts<br />
(11) Other provisions 30.6.1996 Previous year<br />
TDM TDM<br />
Provisions for employees’<br />
pensions and similar commitments 636,779 588,614<br />
Provisions for tax 640,658 517,727<br />
Miscellaneous 557,351 616,596<br />
Total 1,834,788 1,722,937<br />
There are pension provisions of TDM 24,323 (previous year: TDM 23,194)<br />
for former members of the Board of Management and their surviving<br />
dependants.<br />
(12) Amounts payable on<br />
direct insurance business 30.6.1996 Previous year<br />
TDM TDM<br />
To policyholders 4,024,412 3,842,218<br />
To intermediaries 74,781 85,238<br />
Total 4,099,193 3,927,456<br />
(13) Miscellaneous liabilities The miscellaneous liabilities include liabilities with a remaining term of more<br />
than five years totalling TDM 35,963. Liabilities secured by mortgages total<br />
TDM 74,812.<br />
They also include liabilities from taxes amounting to TDM 85,065 (previous<br />
year: TDM 76,064) and for social security amounting to TDM 29,961<br />
(previous year: TDM 32,171).<br />
(14) Deferred items For loans posted in the balance sheet at their nominal values, the<br />
difference between these nominal values and lower acquisition costs totals<br />
TDM 117,303.<br />
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