Download PDF version - Munich Re
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<strong>Munich</strong> <strong>Re</strong>insurance Company Notes on the accounts<br />
(9) Other provisions 30.6.1996 Previous year<br />
TDM TDM<br />
Provisions for employees’<br />
pensions and similar commitments 237,608 207,508<br />
Provisions for tax 512,866 398,687<br />
Miscellaneous 153,011 235,302<br />
Total 903,485 841,497<br />
We have agreed to pay pensions to nearly all our staff and their surviving<br />
dependants. These commitments are to be met partly by the<br />
company itself and partly by the “Versorgungskasse der Angestellten<br />
der Münchener Rückversicherungs-Gesellschaft”, the <strong>Munich</strong> <strong>Re</strong> staff<br />
pension fund.<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 />
(10) Miscellaneous The miscellaneous liabilities contain liabilities from taxes amounting to<br />
TDM 8,295 (previous year: TDM 8,071) and for social security amounting to<br />
TDM 4,015 (previous year: TDM 3,911). The total amount of the liabilities<br />
secured by mortgages is TDM 875 (previous year: TDM 891). These<br />
liabilities have a remaining term of more than five years.<br />
(11) Deferred items This item includes differences totalling TDM 3,874 (previous year:<br />
TDM: 3,600) arising from the posting of loans in the balance at nominal<br />
values.<br />
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