01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Consolidated Financial Statements
Reclassification
in accordance with
IAS 39.50
Anticipated cash flows
No reclassification in accordance with IAS 39.50 was made in the financial year. In 2008
investments available for sale with a fair value of €1,034.4 million were reclassified as
loans. These financial instruments had a carrying value, i.e. amortized costs of €936.1
million (PY: €1,063.1 million) at the end of the financial year and a fair value of €956.7
million (PY: €1,096.6 million), and income and expenses totalling €105.4 million (PY:
€59.3 million) was recorded in the statement of comprehensive income.
Change in fair value of reclassified investments €million
2009 2008
Until time of reclassification
Unrealized gains and losses 0.0 –117.0
Realized gains and losses 0.0 –0.8
Without reclassification (shadow accounting)
Unrealized gains and losses 107.6 –43.7
Realized gains and losses 0.4 –0.8
The effective yield of the reclassified financial instruments was between 3.4 % and
20.3 %.
Payment times €million
2009 2008
Up to 1 year 69.7 28.9
1 to 2 years 91.4 18.4
2 to 3 years 80.3 62.5
3 to 4 years 42.8 54.6
4 to 5 years 179.7 47.2
5 to 10 years 656.9 929.0
Total 1,120.8 1,140.7
140 Gothaer Group Annual Report 2009