Content

5.11 Other liabilities

Other liabilities in EUR thousand 2010 2009
Liabilities from derivatives 77,205 21,129
Interest 73,575 71,770
Deferred income 16,545 19,522
Costs of the annual financial statements 5,840 6,189
Liabilities due to affiliated companies 4,833 3,285
Provisions arising out of employment relationships 29,746 33,850
Direct minority interests in partnerships 38,470 31,258
Other 197,718 126,447
Total 443,932 313,450

The liabilities from derivatives of EUR 77.2 million (EUR 21.1 million) consist of instruments to hedge currency and inflation risks as well as embedded derivatives recognised separately from the underlying insurance contract at fair value pursuant to IAS 39 “Financial Instruments: Recognition and Measurement”. Please see our remarks on derivative financial instruments in Section 7.1 “Derivative financial instruments”.

The other liabilities include sundry non-technical provisions of EUR 131.8 million (EUR 69.1 million), which developed as shown in the following table.

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Development of sundry non-technical provisions in EUR thousand
  Balance at 31.12.2009 Currency translation at
1 January
Balance at
1 January of the year under review
Reclassi-
fications pursuant
to IFRS 5
Other
reclassi-
fications
Changes in consoli-
dated group
Additions Utilisation Release Currency translation at
31 December
Balance at 31.12.2010
Provisions for                      
Audits and costs of publishing the annual financial statements 6,189 183 6,372 (707) - - 5,306 5,104 - (27) 5,840
Consultancy fees 1,847 157 2,004 (206) 918 - 1,407 1,097 15 145 3,156
Suppliers‘ invoices 7,909 611 8,520 (444) (190) - 6,731 6,152 307 119 8,277
Partial retirement arrangements and early retirement obligations 8,232 266 8,498 (3,947) - - 3,983 3,043 - (8) 5,483
Holiday entitlements and overtime 3,880 132 4,012 (121) - - 5,184 3,444 7 186 5,810
Anniversary bonuses 2,131 - 2,131 - - - 2 53 - - 2,080
Management bonuses 19,607 964 20,571 (2,803) - - 17,600 14,894 4,095 (6) 16,373
Measurement of disposal groups - - - - - - 54,918 - - 137 55,055
Other 19,287 839 20,126 (672) (728) (17) 15,786 4,267 377 (99) 29,752
Total 69,082 3,152 72,234 (8,900) - (17) 110,917 38,054 4,801 447 131,826
Development of sundry non-technical provisions in EUR thousand
  Balance at 31.12.2009 Currency translation at
1 January
Balance at
1 January of the year under review
Reclassi-
fications pursuant
to IFRS 5
Other
reclassi-
fications
Changes in consoli-
dated group
Additions Utilisation Release Currency translation at
31 December
Balance at 31.12.2010
Provisions for                      
Audits and costs of publishing the annual financial statements 6,189 183 6,372 (707) - - 5,306 5,104 - (27) 5,840
Consultancy fees 1,847 157 2,004 (206) 918 - 1,407 1,097 15 145 3,156
Suppliers‘ invoices 7,909 611 8,520 (444) (190) - 6,731 6,152 307 119 8,277
Partial retirement arrangements and early retirement obligations 8,232 266 8,498 (3,947) - - 3,983 3,043 - (8) 5,483
Holiday entitlements and overtime 3,880 132 4,012 (121) - - 5,184 3,444 7 186 5,810
Anniversary bonuses 2,131 - 2,131 - - - 2 53 - - 2,080
Management bonuses 19,607 964 20,571 (2,803) - - 17,600 14,894 4,095 (6) 16,373
Measurement of disposal groups - - - - - - 54,918 - - 137 55,055
Other 19,287 839 20,126 (672) (728) (17) 15,786 4,267 377 (99) 29,752
Total 69,082 3,152 72,234 (8,900) - (17) 110,917 38,054 4,801 447 131,826

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