Annual Report 2003 - Hannover Re

Notes
notes on assets
Figures in EUR thousand
2003
Current values pursuant to § 54 RechVersV
of asset items B.I. to B.III.
Book value
31.12.
Current value
31.12.
Difference
31.12.
B. I. Land and buildings,
rights to land and buildings, leasehold 69 823 101 745 31 922
B. II. Investments in affiliated companies
and participating interests
1. Shares in affiliated companies 2 621 029 3 045 634 424 605
2. Loans to affiliated companies 182 211 182 211 –
3. Participating interests 122 541 133 335 10 794
4. Loans to enterprises in which the company
has a participating interest 14 274 14 274 –
5. Total B. II. 2 940 055 3 375 454 435 399
B. III. Other investments
1. Shares, units in unit trusts and other
variable-yield securities 967 857 1 072 025 104 168
2. Bearer-debt securities and
other fixed-income securities 3 895 241 3 924 195 28 954
3. Mortgages and loans secured
on land and buildings 1 885 1 885 –
4. Other loans
a) Registered debt securities 131 496 141 750 10 254
b) Debentures and loans 147 093 148 845 1 752
c) Sundry loans 60 226 62 183 1 957
5. Deposits with banks 193 475 193 475 –
6. Other investments 5 5 –
7. Total B. III. 5 397 278 5 544 363 147 085
Total 8 407 156 9 021 562 614 406
Notes on § 341b of the Commercial Code (HGB)
Of the units in unit trusts totalling EUR 855,122 (2002: 900,470) thousand shown under the other
investments in the item "shares, units in unit trusts and other variable-yield securities", an amount of
EUR 592,129 (2002: 744,235) thousand was allocated to fixed assets. To this extent, depreciation of
EUR 15,174 (2002: 78,468) thousand was omitted.
Of the bearer-debt securities and other fixed-income securities, securities with a book value of
EUR 537,528 (2002: 29,742) thousand were allocated to fixed assets. The omitted depreciation totalled
EUR 12,637 (2002: 8,162) thousand.
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