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Munich Reinsurance Company Notes on the accounts
Notes on the balance sheet – assets
The intangible assets and investments developed as follows in the year
under review:
Book values
30.6.1995 Additions
TDM TDM
(1) Intangible assets 74,821 1,699
(2) Investments
Real estate 2,274,732 20,692
Investments in affiliated companies and participations
– Shares in affiliated companies 1,651,027 125,914
– Loans to affiliated companies 6,409 774
– Participations 3,915,689 425,229
– Loans to participations 1,696 10,576
5,574,821 562,493
Other investments
– Shares, investment fund certificates
and other variable-yield securities 7,095,986 3,782,943
– Bearer bonds and other fixed-interest securities 6,481,050 15,740,529
– Mortgage loans 40,111 4,841
– Other loans
• Registered bonds 1,100,623 936,896
• Loans and promissory notes 5,548,609 3,604,556
– Deposits with banks 359,977 –
– Miscellaneous investments 348 –
20,626,704 24,069,765
Total investments 28,476,257 24,652,950
The intangible assets consist of purchased insurance portfolios and
software.
The book value of self-occupied real estate amounts to TDM 440,737
(previous year: TDM 478,172).
The shares in affiliated companies and participations involve those shareholdings
that make up more than 20 % of the share capital of the
respective company, as well as the shareholdings in limited liability
companies.
The information to be disclosed in accordance with Article 285 item 11 of
the German Commercial Code will be filed with the commercial registry in
Munich. The companies of significance in this connection are listed in the
notes on the consolidated accounts.
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