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<strong>Munich</strong> <strong>Re</strong>insurance Company Notes on the accounts<br />
Book values<br />
<strong>Re</strong>allocations Disposals Depreciation 30.6.1996<br />
TDM TDM TDM TDM<br />
– – 7,039 69,481<br />
– – 109,788 2,185,636<br />
– 88,294 1,141 1,687,506<br />
– 1,173 – 6,010<br />
251,482 38,565 31,307 4,522,528<br />
– 5,402 – 6,870<br />
251,482 133,434 32,448 6,222,914<br />
–251,482 871,518 29,384 9,726,545<br />
– 16,222,955 1,398 5,997,226<br />
– 6,339 – 38,613<br />
– 252,821 – 1,784,698<br />
– 3,946,660 – 5,206,505<br />
– 27,098 – 332,879<br />
– 338 – 10<br />
–251,482 21,327,729 30,782 23,086,476<br />
– 21,461,163 173,018 31,495,026<br />
Of our total investments (excluding deposits retained on assumed<br />
reinsurance business) with a book value of TDM 31,495,026 (previous<br />
year: TDM 28,476,257), an amount of TDM 4,349,166 (previous<br />
year: TDM 4,342,324) is deposited with ceding companies or foreign<br />
governments or in the custody of trustees nominated by us.<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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