Quarterly Report 1/2009 - Munich Re Group

Consolidated balance sheet
Interim consolidated financial statements
Consolidated balance sheet as at 31 March 2009
Assets 31.12.2008 Change
A. Intangible assets
28 Munich Re Group Quarterly Report 1/2009
€m €m €m €m €m %
I. Goodwill 3,578 3,570 8 0.2
II. Other intangible assets 1,878 1,786 92 5.2
B. Investments
5,456 5,356 100 1.9
I. Land and buildings, including buildings on
third-party land 3,730 3,732 –2 –0.1
Thereof:
Investment property held for sale 16 16 – –
II. Investments in affiliated companies
and associates
Thereof:
1,022 1,198 –176 –14.7
Investments in associates held for sale 24 – 24 –
III. Loans
IV. Other securities
42,683 40,426 2,257 5.6
1. Held to maturity 131 143 –12 –8.4
2. Available for sale 115,043 114,844 199 0.2
3. At fair value through profit or loss 2,368 3,122 –754 –24.2
117,542 118,109 –567 –0.5
V. Deposits retained on assumed reinsurance 6,756 6,646 110 1.7
VI. Other investments 2,347 1,992 355 17.8
174,080 172,103 1,977 1.1
C. Investments for the benefit of life insurance policyholders
who bear the investment risk 2,959 2,874 85 3.0
D. Ceded share of technical provisions
E. Receivables
5,595 5,251 344 6.6
I. Current tax receivables 580 919 –339 –36.9
II. Other receivables 10,323 8,409 1,914 22.8
10,903 9,328 1,575 16.9
F. Cash at bank, cheques and cash in hand
G. Deferred acquisition costs
3,065 2,354 711 30.2
Gross 8,722 8,500 222 2.6
Ceded share 78 108 –30 –27.8
Net 8,644 8,392 252 3.0
H. Deferred tax assets 5,910 5,708 202 3.5
I. Other assets 4,087 4,051 36 0.9
Total assets 220,699 215,417 5,282 2.5