Annual Report 2011 - R+V Versicherung

INFORMATION ABOUT CONTINGENT LIABILITIES AND OTHER FINANCIAL OBLIGATIONS
1. Letters of Credit
2. Supplementary payment obligations
3. Letters of comfort
4. Put options from multi-tranches
Remaining term > 1 year
5. Put options from shares
6. Guarantee bond from the grant
of a loan
7. Liabilities from pending transactions
8. Blocked deposit
9. Amount of liability
Total
193,186,025
88,834,180
47,400,000
20,000,000
17,300,000
1,015,000
18,000,000
78,230,549
5,000
463,970,754
Management Report 4 Annual Financial Statements 35 Further Information 62
–
85,516,950
47,400,000
20,000,000
–
1,015,000
4,000,000
–
–
157,931,950
If payment obligations to cedents are
not met, securities from the blocked
deposit can be drawn on.
There is an obligation to pay.
No influence on the time of the claim
is possible. There is a risk that the
holding will fall in value in the
meantime.
Liability for meeting all claims from
pension provision insofar Condor
Lebensversicherungs-AG does not
meet these as well as liability for
granting loans.
Opportunity costs are incurred due
to the low interest rate. There is also an
issuer risk.
Opportunity costs are incurred due to
the low interest rate.
Outflow of liquidity Opportunity
costs are incurred due to the low
interest rate. It is possible to draw on
this if the borrower becomes insolvent.
Opportunity costs are incurred due
to the low interest rate. There is also
an issuer risk.
Outflow of liquidity Opportunity
costs are incurred due to the low
interest rate.
No increase in balance sheet capital
investments on recourse. There is no
balance sheet current value for the
liability total.
Other Information
On the reporting date the following contingent liabilities arose from contracts concluded and memberships in accordance with § 251 HGB
and other financial obligations in accordance with § 285 Clause 1 No. 3a HGB:
Thereof
due to
Details affiliated
in EUR concerning amount companies Risks Benefits
Claims from contingent liabilities in accordance with
§ 251 HGB are unlikely.
Collateralisation of actuarial liabilities
by placing security collateral in order
to be able to conduct business on the
USA market.
No increase in balance sheet capital
investments if not paid out. Liquidity
benefits arise from non-payment that
can be used for a capital investment
with better interest yield, if applicable.
Due to the bond in favour of Condor
Lebensversicherungs-AG is was
possible to take out pension provision
for a one-off amount.
Better credit procurement possibilities
for a borrowing company within the
R+V Group.
Higher coupon of underlying asset.
The implementation of capital
measures at a subsidiary was made
possible.
Safeguarding business operations at
the borrower.
Compensation for liquidity fluctuations
during the course of the fiscal year and
avoidance of market disturbances with
high investment requirements.
Investments were blocked in
separate deposit accounts in favour
of reinsurers.
Increase in liable shareholders' equity
at cooperative companies, low
probability of occurrence through
deposit guarantee funds.
65