R+V Versicherung AG Annual Report

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Assets C. Investments Present values of investments carried at cost thereof fixed assets in accordance with section 341 b (2) HGB Book value Present value Book value Present value Type of investment €m €m €m €m Land 4 9 – – Fixed-income securities 254 265 – – Other investments 1,602 3,309 52 48 1,859 3,583 52 48 The revaluation reserves of the investments carried at cost including fixed assets amount to €1,724 million net, or 80.4% of total investments. The reserves for investments carried at their nominal amount were not taken into account. Generally, present values were calculated on the basis of market prices, or using a simplified capitalized earnings value method. All three plots of land were last appraised in 2002. Where other carrying amounts have been used in individual cases, these correspond with the provisions of section 56 RechVersV. In accordance with section 341b HGB, investments in the amount of €51.9 million were allocated to fixed assets. This includes negative revaluation reserves in the amount of €3.9 million based on prices as of December 31, 2002. C.I. Land, land rights and buildings including buildings on third-party land The balance sheet value of land used predominantly by R+V companies amounts to €3,844,809. G. II. Other prepaid expenses 2002 € Discount on subordinated loans 57,520 Premium on investments 852,584 Expenses relating to subsequent fiscal years 11,648,932 12,559,036 48
Equity and liabilities A. I. Subscribed capital 2002 € The subscribed capital is composed of 8,701,000 no-par value shares (registered shares) As of Dec. 31 226,000,000 The subscribed capital is unchanged as against December 31, 2001. DZ BANK AG Deutsche Zentral-Genossenschaftsbank AG, Frankfurt am Main, has informed us in accordance with section 20 (4) AktG that it holds a majority interest in our company. A. II. Capital reserves 2002 € As of Dec. 31 429,590,228 A. III. Revenue reserves 2002 € 2. Reserve for own shares Brought forward as of Jan. 1 1,583,458 Reversal –1,583,458 As of Dec. 31 – 5. Other revenue reserves 2002 € Brought forward as of Jan. 1 68,408,087 Appropriations from the net retained profits of the previous year 6,150,000 Appropriations from the net income for 2002 33,000,000 As of Dec. 31 107,558,087 K. Deferred income 2002 € Discounts on investments 147,297 Income relating to subsequent fiscal years 14,600 As of Dec. 31 161,897 Note There are no subordinated liabilities with a time to maturity of more than five years or liabilities secured by liens or similar rights. 49
Page 1 and 2: 2002 R+V Versicherung AG Annual Rep
Page 3 and 4: Content Management Report 4 Proposa
Page 5 and 6: However, the significant increase i
Page 7 and 8: Developments on the international r
Page 9 and 10: However, the events of September 11
Page 11 and 12: As a result of the relatively poor
Page 13 and 14: Business development and position o
Page 15 and 16: Liability business developed negati
Page 17 and 18: Including interest on deposits and
Page 19 and 20: In terms of sums insured, the portf
Page 21 and 22: Overall, gross premium income decli
Page 23 and 24: Major claim events such as ”Petro
Page 25 and 26: Shareholder structure As of the bal
Page 27 and 28: Investment risks: In order to creat
Page 29: Significant events and outlook The
Page 32 and 33: Proposal on the Appropriation of Pr
Page 34 and 35: Balance Sheet as of December 31, 20
Page 36 and 37: Equity and liabilities 36 2002 2001
Page 38 and 39: Income Statement for the period fro
Page 40 and 41: 40 2002 2001 € € € € 8. Ext
Page 42 and 43: Premiums and discounts were amortiz
Page 44 and 45: List of Shareholdings Shares in aff
Page 46 and 47: Notes to the Balance Sheet Statemen
Page 50 and 51: Notes to the Income Statement I. 1
Page 52 and 53: Dr. Jürgen Förterer Chairman Wolf
Page 54 and 55: Auditors’ Report We have audited

R+V Versicherung AG Annual Report

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