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 42 Five-year summary for ATPFinancial highlights (DKK million) 2012 2011 2010 2009 2008Contributions 8,554 8,602 8,293 8,185 7,210Pension benefits 11,903 11,080 10,170 9,222 8,362Return on investment 48,552 124,167 71,370 8,387 66,531Pension-related operating expenses 325 327 318 196 182Technical profit 10,098 4,007 5,046 17,032 -25,651Net results for the year 10,104 4,000 5,042 17,039 -25,660Bonus potential 84,167 74,135 70,010 64,898 47,879Pension provisions 624,132 579,321 476,220 417,320 411,323Total assets 791,076 775,534 757,896 609,322 563,769Members (number in thousands) 4,783 4,732 4,678 4,641 4,611Pensioners (number in thousands) 879 838 795 756 698RatiosReturn ratiosReturn before tax on pension-savings returns (per cent) 9.9 26.2 17.2 2.0 18.8Return after tax on pension-savings returns (per cent) 8.4 22.3 14.6 1.8 16.3Expense ratioExpense ratio of contributions 3.8 3.8 3.8 2.4 2.5Expense ratio of provisions 0.1 0.1 0.1 0.1 0.1Expenses per member (DKK) 68 69 68 42 40Other ratiosBonus rate (per cent) 15.6 14.7 17.2 18.4 13.2Return on pension provisions before tax onpension-savings returns (per cent) 9.9 26.2 17.2 2.0 18.8Note: The five-year summary for ATP has been prepared in accordance with the format requirements of the Danish Financial Supervisory Authority inline with the methods of accounting used by other pension providers in Denmark. Consequently, the return on investment and the return ratios, etc.,deviate from ATP's format, which is IFRS compliant.The ATP Group – Annual Report 2012128