Quarterly Report 1/2009 - Munich Re Group

Selected notes to the consolidated financial statements
Notes to the consolidated The main items of the consolidated balance sheet are made up as follows:
balance sheet
46 Munich Re Group Quarterly Report 1/2009
Intangible assets
€m 31.3.2009 31.12.2008
I. Goodwill 3,578 3,570
II. Other intangible assets
Thereof:
1,878 1,786
Software 344 342
Purchased insurance portfolios 711 721
Other 823 723
Total 5,456 5,356
The deterioration in parameters caused by the spreading of the financial crisis
to the real economy prompted us to critically review the business plans of our
international primary insurance companies and, in some cases, adjust them
downwards. We therefore made write­downs of around €81m for impairments
of goodwill, in particular for Bank Austria Creditanstalt Versicherung (BACAV),
whose goodwill we wrote off completely.
Number of shares in circulation and number of own shares held
31.3.2009 31.12.2008
Number of shares in circulation 195,087,851 195,655,351
Number of own shares held 11,315,953 10,748,453
Total 206,403,804 206,403,804
The equities portfolio contains 9,002,180 shares acquired in the share buyback
programme decided on by the Board of Management on 6 May 2008.The
shares were retired on 2 April 2009.
Minority interests
€m 31.3.2009 31.12.2008
Unrealised gains and losses 7 18
Consolidated result 5 18
Other equity 260 254
Total 272 290
These are mainly minority interests in the ERGO Insurance Group.