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Annual Report 1997/1998 - Munich Re

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<strong>Munich</strong> <strong>Re</strong> Group Notes on the accounts<br />

(1) Intangible assets<br />

Notes on the consolidated balance sheet – assets<br />

The intangible assets and investments developed as follows in the<br />

year under review:<br />

84<br />

Book values<br />

30.6.<strong>1997</strong> Additions<br />

TDM TDM<br />

Goodwill 3,687,427 570,958<br />

Other intangible assets 126,897 141,397<br />

(2) Investments<br />

3,814,324 712,355<br />

<strong>Re</strong>al estate 7,687,754 3,819,404<br />

Investments in affiliated companies and participations<br />

– Shares in affiliated companies 96,741 193,716<br />

– Loans to affiliated companies 42,732 6,545<br />

– Participations in associated companies 97,591 146,099<br />

– Other participations 6,617,416 1,483,467<br />

– Loans to participations 9,807 67,797<br />

6,864,287 1,897,624<br />

30.6.<strong>1998</strong> Previous year<br />

TDM TDM<br />

Other investments<br />

– Shares, investment fund certificates<br />

and other variable-yield securities 48,419,760 27,693,688<br />

– Bearer bonds and other fixedinterest<br />

securities 20,309,428 17,158,417<br />

– Mortgage loans 13,823,732 9,538,538<br />

– Other loans<br />

• <strong>Re</strong>gistered bonds 52,346,360 36,854,454<br />

• Loans and promissory notes 30,040,623 21,787,904<br />

• Loans and advance payments on<br />

insurance policies 1,207,866 738,025<br />

• Miscellaneous 113,427 51,369<br />

– Deposits with banks 1,362,949 725,419<br />

– Miscellaneous investments 217,249 4,627<br />

Total 167,841,394 114,552,441

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