talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
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278<br />
Financial statem<strong>en</strong>ts Notes<br />
G<strong>en</strong>eral information<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 />
The history of the stock appreciation rights granted by Hannover Rückversicherung AG to date is as<br />
follows:<br />
History of the Hannover Rückversicherung AG<br />
Allocation year<br />
stock option scheme/number of rights<br />
2010 2009 2007 2006 2004 2003 2002<br />
Issued 2003 — — — — — — 710,429<br />
Exercised 2003 — — — — — — —<br />
Lapsed 2003 — — — — — — 23,765<br />
Outstanding at 31.12.2003 — — — — — — 686,664<br />
Issued 2004 — — — — — 904,234 —<br />
Exercised 2004 — — — — — — —<br />
Lapsed 2004 — — — — — 59,961 59,836<br />
Outstanding at 31.12.2004 — — — — — 844,273 626,828<br />
Issued 2005 — — — — 211,171 — —<br />
Exercised 2005 — — — — — — 193,572<br />
Lapsed 2005 — — — — 6,397 59,834 23,421<br />
Outstanding at 31.12.2005 — — — — 204,774 784,439 409,835<br />
Issued 2006 — — — — — — —<br />
Exercised 2006 — — — — — 278,257 160,824<br />
Lapsed 2006 — — — — 14,511 53,578 22,896<br />
Outstanding at 31.12.2006 — — — — 190,263 452,604 226,115<br />
Issued 2007 — — — 817,788 — — —<br />
Exercised 2007 — — — — 12,956 155,840 110,426<br />
Lapsed 2007 — — — 8,754 13,019 38,326 10,391<br />
Outstanding at 31.12.2007 — — — 809,034 164,288 258,438 105,298<br />
Issued 2008 — — 926,565 — — — —<br />
Exercised 2008 — — — — 1,699 121,117 93,747<br />
Lapsed 2008 — — — 3,103 1,443 2,162 944<br />
Outstanding at 31.12.2008 — — 926,565 805,931 161,146 135,159 10,607<br />
Issued 2009 — — — — — — —<br />
Exercised 2009 — — — — 1,500 79,262 560<br />
Lapsed 2009 — — 17,928 16,158 3,192 — —<br />
Outstanding at 31.12.2009 — — 908,637 789,773 156,454 55,897 10,047<br />
Issued 2010 — 1,569,855 — — — — —<br />
Exercised 2010 — — 10,399 95,380 29,832 52,581 7,682<br />
Lapsed 2010 — 34,255 8,380 2,642 — — —<br />
Outstanding at 31.12.2010 — 1,535,600 889,858 691,751 126,622 3,316 2,365<br />
Issued <strong>2011</strong> 1,681,205 — — — — — —<br />
Exercised <strong>2011</strong> — — 41,583 437,491 7,183 602 2,365<br />
Lapsed <strong>2011</strong> 15,245 39,710 4,044 1,817 — — —<br />
Outstanding at 31.12.<strong>2011</strong> 1,665,960 1,495,890 844,231 252,443 119,439 2,714 —<br />
The total amount paid out was EUR 4.7 million. On this basis the aggregate provisions, which are<br />
recognised in the sundry non-technical provisions, amounted to EUR 19.1 (18.6) million for the <strong>2011</strong><br />
financial year. Total exp<strong>en</strong>diture amounted to EUR 5.2 (9.4) million.
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