Annual Financial Statements 2011 of Bank Austria

Consolidated Financial Statements in accordance with IFRSs
C – Notes to the statement of financial position (CoNTINuED)
C.26 – Insurance provisions
C.27 – Equity
direct busiNess
From 1 January 2011 to 31 December 2011, the number of shares was 231,228,820, of which 10,115 were registered shares. The registered shares
(10,000 registered shares are held by “Privatstiftung zur Verwaltung von Anteilsrechten”, a private foundation under Austrian law; 115 registered shares
are held by “Betriebsratsfonds des Betriebsrats der Angestellten der UniCredit Bank Austria AG Region Wien”, the Employees’ Council Fund of the
Employees’ Council of employees of UniCredit Bank Austria AG in the Vienna area) carry special rights: for resolutions concerning spin-offs and specific
mergers or specific changes in the bank’s Articles of Association to be adopted at a general meeting of shareholders, the registered shareholders have to
be present when the resolutions are adopted. The relevant resolutions are specified in Article 20 (13) and (14) of UniCredit Bank Austria AG’s Articles of
Association.
Bank Austria · Annual Financial Statements 2011
(€ m)
31 dec. 2011
iNdirect
31 dec. 2010
busiNess tOtal tOtal
Non-life business 80 1 81 81
Provision for unearned premiums 60 – 61 59
Provision for outstanding claims 19 1 20 22
Other provisions – – – –
life business 94 – 94 102
Mathematical provisions 86 – 86 98
Provisions for amounts payable 3 – 3 2
Other insurance provisions 5 – 5 2
insurance provisions when investment risk is borne by the insured party – – – –
Provision for policies where the performance is connected
to investment funds and market indices – – – –
Provision for pension funds – – – –
tOtal iNsuraNce prOVisiONs 174 1 175 183
120