talanx group annual report 2011 en

284
Financial statements Notes
General information
Talanx Group. Annual Report 2011
Accounting principles
and policies
Rents and leasing
Segment reporting Consolidation,
business combinations
Non-current assets held for
sale and disposal groups
Leases under which Group companies are the lessee
Outstanding commitments from non-cancellable contractual relationships existed in an amount of
EUR 477 (492) million as at the balance sheet date.
Future rental and leasing commitments 2012 2013 2014 2015 2016
Subsequent
years
Figures in EUR million
Payments 49 44 39 36 33 276
Operating leasing contracts produced expenditures of EUR 39 (51) million in the year under review.
Multi-year lease contracts existed above all with respect to subsidiaries of Hannover Re in Africa
and the United States. Further commitments refer to multi-year lease contracts entered into by
primary insurance companies in Germany.
Expenditures from financing leases existed in a minimal amount (EUR 0.1 million) as at the balance
sheet date.
Leases under which Group companies are the lessor
The total amount of rental income due under non-cancellable contracts in subsequent years is EUR
492 (340) million.
Future rental income 2012 2013 2014 2015 2016
Subsequent
years
Figures in EUR million
Payments to be received 83 80 75 73 70 111
Rental income in the year under review totalled EUR 74 (65) million. It resulted principally from the
renting out of properties by a US-based real estate company in the Non-Life Reinsurance segment
as well as from the renting out of properties in Germany by primary insurance companies.