talanx group annual report 2011 en

268
Financial statements Notes
General information
Talanx Group. Annual Report 2011
Accounting principles
and policies
(32) Other income/expenses
Segment reporting Consolidation,
business combinations
Non-current assets held for
sale and disposal groups
2011 2010 1)
Figures in EUR million
Other income
Foreign exchange gains 121 262
Income from services and rents 138 194
Reversals of impairments on receivables
Income from contracts recognised in accordance
21 98
with the deposit accounting method 49 50
Profits from the disposal of property, plant and equipment 1 9
Income from the release of other non-technical provisions 88 143
Interest income 108 44
Commission income 59 57
Income from the repurchase of own securities 3 4
Sundry income 116 86
Total 704 947
Other expenses
Foreign exchange losses 105 120
Other interest expenditures 165 158
Depreciation and impairments 94 110
Expenses for the company as a whole 2) 216 226
Expenses for personnel 41 19
Expenses for services 2) 89 164
Other taxes 22 51
Expenses from the recognition of disposal groups 4 55
Allocation for restructuring provisions (“WIR” project) 80 —
Sundry expenses 215 183
Total 1,031 1,086
Other income/expenses –327 –139
1) Adjusted on the basis of IAS 8
2) In the previous year a portion of the expenses for the company as a whole was erroneously recognised under expenses for
services. We have adjusted the comparable figures accordingly (reclassification of EUR 63 million)
Other income/expenses does not in general include personnel expenses of our insurance companies
in as far as these expenses are attributed according to function units by means of cost
object accounting and allocated to expenses for investments, claims and claims expenses as well
as acquisition costs and administrative expenses. In the same way this also applies to depreciation
and impairments of intangible and other assets of our insurance companies.
The increase in other interest income stems primarily from the interest portion of the tax refund
as a result of the fiscal court (BFH) ruling of the previous year. Please see our explanatory remarks in
the Notes, item 35 “Taxes on income”.
The allocation for restructuring provisions relates to the implementation of our strategic orientation.
The amount recognised in the year under review is comprised of expenses within the scope of
our “WIR” project.