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<strong>Munich</strong> <strong>Re</strong>insurance Company Notes on the accounts<br />
Taking into account the proposal for the distribution of the profit, the total<br />
emoluments of the members of the Board of Management amount to<br />
TDM 9,777 (previous year: TDM 9,450). Payments to retired members<br />
of the Board of Management or their surviving dependants amount to<br />
TDM 3,272 (previous year: TDM 4,146).<br />
Also taking into account the proposal for distribution of the profit, the total<br />
emoluments of the members of the Supervisory Board amount to TDM 845<br />
(previous year: TDM 715). This sum includes emoluments of TDM 714<br />
(previous year: TDM 587) dependent on the dividend paid to the shareholders.<br />
(18) Investment income 1995/96 Previous year<br />
TDM TDM<br />
Dividends from participations 357,289 574,413<br />
Income from other investments:<br />
– <strong>Re</strong>nts from real estate 221,880 207,307<br />
– Income from other investments 2,663,080 2,226,206<br />
2,884,960 2,433,513<br />
<strong>Re</strong>alized gains on investments 322,157 352,124<br />
Income from profit-transfer agreements 1,958 1,995<br />
Income from the reduction<br />
of the special reserve 2,954 28,418<br />
Total 3,569,318 3,390,463<br />
This includes the following income from affiliated companies:<br />
1995/96 Previous year<br />
TDM TDM<br />
Dividends from participations 64,013 79,355<br />
Income from other investments 364,413 299,139<br />
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