Annual Report 2012 - Swiss Life

In CHF million
2012
208 Consolidated Financial Statements
In May 2012, the Swiss Life Group acquired a 100% share of aXenta AG, Baden, a company specialised
in software development for pension funds.
In March 2011, the Swiss Life Group acquired a majority share of Viveris REIM, Marseilles, a real
estate management company.
Assets and liabilities from DISPOSALs
Consideration
Non-cash consideration received 8
Assets and liabilities disposed
Cash and cash equivalents 1
Financial assets at fair value through profit or loss 0
Financial assets available for sale 15
Loans and receivables 12
Reinsurance assets 0
Property and equipment 1
Intangible assets including intangible insurance assets 0
Other assets 0
Financial liabilities –12
Insurance liabilities –8
Employee benefit liabilities –1
Provisions –1
Other liabilities 0
Net assets disposed of 7
Gain/loss on disposals
Consideration received 8
Net assets disposed of –7
Amounts recognised in other comprehensive income 0
Gain (+)/loss (–) on disposals 1
In June 2012, the French non-life operation Garantie Assistance S.A., Paris, was sold. In December
2012, the Swiss Life Group sold AWD s.r.o., Bratislava.
In 2011, no significant disposals of subsidiaries took place.
Swiss Life – Annual Report 2012