talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
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Nature of risks Notes on the balance<br />
Notes on the balance<br />
sheet – assets<br />
sheet – liabilities<br />
2010 1)<br />
Ordinary<br />
investm<strong>en</strong>t<br />
income<br />
Amor tisation<br />
Gains on<br />
disposal<br />
Notes on the consolidated<br />
statem<strong>en</strong>t of income<br />
Losses on<br />
disposal<br />
Impairm<strong>en</strong>ts<br />
Other information List of shareholdings<br />
Appreciation<br />
Unrealised<br />
gains<br />
Unrealised<br />
losses Total<br />
Figures in EUR million<br />
Investm<strong>en</strong>ts in affiliated companies and<br />
participating interests 3 — — — 3 — — — —<br />
Loans and receivables 1,265 79 53 20 10 3 — — 1,370<br />
Financial assets held to maturity<br />
Financial assets available for sale<br />
120 — — — — — — — 120<br />
Fixed-income securities 1,036 20 251 42 8 30 — — 1,287<br />
Variable-yield securities<br />
Financial assets at fair value<br />
through profit or loss<br />
Financial assets classified at<br />
fair value through profit or loss<br />
65 — 121 16 51 — — — 119<br />
Fixed-income securities 42 — 23 3 — — 45 24 83<br />
Variable-yield securities<br />
Financial instrum<strong>en</strong>ts held for trading<br />
— — — — — — 2 — 2<br />
Fixed-income securities 4 — — — — — 1 — 5<br />
Variable-yield securities — — 3 1 — — — — 2<br />
Derivatives<br />
Other invested assets, insofar<br />
4 — 23 23 — — 18 2 20<br />
as they are financial assets 29 — 7 — 22 4 4 — 22<br />
Other 1) 109 6 9 — 21 — 4 60 47<br />
Investm<strong>en</strong>ts under own managem<strong>en</strong>t<br />
Funds held by ceding companies/funds<br />
2,677 105 490 105 115 37 74 86 3,077<br />
held under reinsurance treaties 280 — — — — — — — 280<br />
Total 2,957 105 490 105 115 37 74 86 3,357<br />
1) For the purposes of reconciliation with the consolidated statem<strong>en</strong>t of income, the “Other” item combines the gains on<br />
investm<strong>en</strong>t property, associated companies and derivative financial instrum<strong>en</strong>ts – insofar as the fair values are negative.<br />
Derivatives held for hedging purposes within the scope of hedge accounting (see item 12) are not included in the list if they<br />
do not relate to hedges in the area of investm<strong>en</strong>ts<br />
2) No allowance made for exp<strong>en</strong>ses for the administration of investm<strong>en</strong>ts and other exp<strong>en</strong>ses<br />
The interest income on investm<strong>en</strong>ts was as follows in the year under review:<br />
Interest income from investm<strong>en</strong>ts <strong>2011</strong> 2010<br />
Figures in EUR million<br />
Loans and receivables 1,329 1,344<br />
Financial assets held to maturity 146 120<br />
Financial assets available for sale<br />
Financial assets at fair value through profit or loss<br />
1,136 1,056<br />
Financial assets classified at fair value through profit or loss 44 42<br />
Financial instrum<strong>en</strong>ts held for trading 1 4<br />
Other 78 50<br />
Total 2,734 2,616<br />
Talanx Group. Annual Report <strong>2011</strong><br />
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