Annual Report 2003 - Hannover Re
Annual Report 2003 - Hannover Re
Annual Report 2003 - Hannover Re
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Notes<br />
notes on the profit and loss account<br />
Expenses for investments<br />
Figures in EUR thousand<br />
<strong>2003</strong> 2002<br />
Fixed-income securities 39 774 15 426<br />
Shares, units in unit trusts 33 879 59 489<br />
Administrative expenses 14 813 13 211<br />
Futures and options contracts 8 094 5 394<br />
<strong>Re</strong>gistered bonds and other loans 7 984 358<br />
Land and buildings 3 759 4 595<br />
Deposit and bank fees 1 610 3 683<br />
Shares in affiliated companies and participations as well as<br />
loans to affiliated companies and enterprises in which the<br />
company has a participating interest 761 50<br />
Deposits 676 11 857<br />
Total 111 350 114 063<br />
Other income<br />
Figures in EUR thousand<br />
<strong>2003</strong> 2002<br />
Exchange rate gains 23 936 30 705<br />
Cancellation of value adjustments 16 391 6 472<br />
Profit from services 8 075 5 000<br />
Allocated investment return 2 916 8 392<br />
<strong>Re</strong>lease of non-technical provisions 751 1 151<br />
Income from repayments 597 1 002<br />
Profit from clearing transactions 570 829<br />
Amounts realised 64 11<br />
Other income 2 654 1 934<br />
Total 55 954 55 496<br />
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