The ATP Group Annual Report 2012

Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 33 Investment assets related to unit-linked contracts and provisions for unit-linked contractsGroup ATPDKK million 2012 2011 2012 2011Investment assets related to unit-linked contractsEquity investments 142 729 0 0Bonds 2,498 1,449 0 0Investment assets related to unit-linked contracts 31.12. 2,640 2,178 0 0Provisions for unit-linked contracts, ATPBalance at 1 January 186 192 186 192Account payouts for the year 0 0 0 0Extraordinary disbursements (2) (5) (2) (5)Transfers to external pension providers 0 0 0 0Adjustment of tax on pension-savings returns 0 0 0 0Payout rate 0 0 0 0Fees withdrawn from account holders (2) (2) (2) (2)Return transferred from statement of comprehensive income 0 1 0 1Other adjustments 1 0 1 0Provisions for unit-linked contracts 31.12. 183 186 183 186Provisions for unit-linked contracts, SUPPBalance at 1 January 2,327 2,004 - -Contributions received 503 467 - -Account payouts for the year (184) (143) - -Fees withdrawn from account holders (22) (18) - -Adjustment of tax on pension-savings returns (4) 1 - -Other prior year adjustments 3 0Return transferred from statement of comprehensive income 132 16 - -Provisions for SUPP 31.12. 2,755 2,327 - -Total provisions for unit-linked contracts 2,938 2,513 183 186The item 'Provisions for unit-linked contracts, ATP' consists of provisions of DKK 183m for remaining SP account holders, which could not be disbursedas part of the automatic disbursement of SP funds in 2010. The provisions represent 62,000 remaining account holders. In 2012, DKK 2m wasdisbursed. Any undisbursed funds at end-April 2015 will, by statute, accrue to ATP's bonus potential.Note 34 Operating leasesGroup ATPDKK million 2012 2011 2012 2011The Group as lessor:Rental income for the year from property rental 707 762 487 525The subtenants are under contractual obligation for an average of (years). 3 3 5 4At the balance-sheet date, the Group has entered into leases under which future rental income is expected to be distributed as follows:Within 1 year 704 656 495 452Between 1 and 5 years 1,659 1,547 1,182 1,105After 5 years 505 507 435 420Total rental income 2,868 2,710 2,112 1,977The ATP Group – Annual Report 2012113