Annual Financial Statements 2011 of Bank Austria

Consolidated Financial Statements in accordance with IFRSs
B – Notes to the income statement (CoNTINuED)
B.9 – Premium earned (net) – breakdown
direct
busiNess
B.10 – other income (net) from insurance business
Bank Austria · Annual Financial Statements 2011
(€ m)
2011 2010
Net change in insurance provisions –10 –2
Claims paid pertaining to the year –102 –100
Other income and expense from insurance business 13 7
tOtal – 98 – 95
(€ m)
2011 2010
iNdirect
busiNess tOtal tOtal
life business
Gross premiums written (+) 28 – 28 12
Reinsurance premiums paid (–) –5 – –5 –3
total 23 – 23 9
Non-life business
Gross premiums written (+) 151 – 151 146
Reinsurance premiums paid (–) –38 – –38 –26
Change in gross value of premium reserve (+/–) –23 – –23 –11
Change in provision for unearned premiums ceded to reinsurers (–/+) 11 – 11 –
total 102 – 102 109
tOtal Net premiums 126 – 126 118
B.11 – Payroll
2011 2010
employees –1,958 –1,895
Wages and salaries –1,423 –1,374
Social charges –288 –276
Provision for retirement payments and similar provisions –248 –246
Defined contribution –2 –4
Defined benefit –245 –243
Payments to external pension funds –30 –30
Defined contribution –28 –28
Defined benefit –2 –2
Costs related to share-based payments –6 –1
Other employee benefits –102 –106 1)
Recovery of compensation 2) 139 139
Others –50 –37
tOtal –2,008 –1,931
1) Figures for the previous year adjusted to changes in presentation.
2) This includes recovery of staff costs relating to Bank Austria employees who are not active within the Group.
(€ m)
101