talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
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160<br />
Financial statem<strong>en</strong>ts Notes<br />
G<strong>en</strong>eral information<br />
Segm<strong>en</strong>t <strong>report</strong>ing.<br />
Balance sheet as at 31 December <strong>2011</strong><br />
Talanx Group. Annual Report <strong>2011</strong><br />
Accounting principles<br />
and policies<br />
Segm<strong>en</strong>t <strong>report</strong>ing Consolidation,<br />
business combinations<br />
Non-curr<strong>en</strong>t assets held for<br />
sale and disposal <strong>group</strong>s<br />
Industrial Lines Retail Germany Retail International<br />
Assets 31.12.<strong>2011</strong> 1) 31.12.2010 31.12.<strong>2011</strong> 31.12.2010 2) 31.12.<strong>2011</strong> 1) 31.12.2010<br />
Figures in EUR million<br />
A. Intangible assets<br />
a. Goodwill 153 60 403 397 118 124<br />
b. Other intangible assets 24 8 1,275 1,361 28 29<br />
B. Investm<strong>en</strong>ts<br />
177 68 1,678 1,758 146 153<br />
a. Investm<strong>en</strong>t property 36 39 594 684 73 69<br />
b. Investm<strong>en</strong>ts in affiliated companies and<br />
participating interests 9 9 23 24 — —<br />
c. Investm<strong>en</strong>ts in associated companies 78 — 38 9 22 24<br />
d. Loans and receivables 2,606 3,084 26,877 26,993 7 3<br />
e. Other financial instrum<strong>en</strong>ts<br />
i. Held to maturity 118 121 293 295 269 71<br />
ii. Available for sale 2,984 2,764 9,122 8,364 2,274 2,444<br />
iii. At fair value through profit or loss 7 16 287 445 523 487<br />
f. Other invested assets 774 559 848 849 316 224<br />
Investm<strong>en</strong>ts under own managem<strong>en</strong>t 6,612 6,592 38,082 37,663 3,484 3,322<br />
g. Funds held by ceding companies 29 43 2 3 — —<br />
Investm<strong>en</strong>ts 6,641 6,635 38,084 37,666 3,484 3,322<br />
C. Investm<strong>en</strong>ts for the account and risk of holders of<br />
life insurance policies — — 5,283 5,419 784 995<br />
D. Reinsurance recoverables on technical provisions 4,332 3,866 2,454 2,797 583 713<br />
E. Accounts receivable on insurance business 1,004 1,675 423 368 424 354<br />
F. Deferred acquisition costs 27 26 1,739 1,498 210 202<br />
G. Cash 245 242 581 337 158 204<br />
H. Deferred tax assets 25 25 18 22 64 59<br />
I. Other assets 419 448 1,110 1,412 245 211<br />
J. Non-curr<strong>en</strong>t assets and assets of disposal <strong>group</strong>s<br />
classified as held for sale 5 — 111 — 572 —<br />
Total assets 12,875 12,985 51,481 51,277 6,670 6,213<br />
1) In <strong>2011</strong>, private-customer property insurance business in Austria was allocated to the Retail International segm<strong>en</strong>t (previously shown in the Industrial Lines segm<strong>en</strong>t);<br />
prior-year figures were not adjusted<br />
2) Adjusted on the basis of IAS 8
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