The ATP Group Annual Report 2012

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Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 8 Investment returns, broken down by asset type, ATPDKK millionInterestincome anddividends,etc., relatedto investmentactivitiesInterestexpensesrelated toinvestmentactivitiesMarket-valueadjustmentsrelated toinvestmentactivities2012Interestincome anddividends,etc., relatedto hedgingactivitiesInterestexpensesrelated tohedgingactivitiesMarket-valueadjustmentsrelated tohedgingactivitiesInterestincome anddividends,etc., relatedto pensionactivitiesInterestexpensesrelated topensionactivitiesInvestment properties 9 0 99 0 0 0 0 0Equity investments 903 0 3,794 0 0 0 0 0Bonds 7,957 (631) (2,596) 8,468 (37) 11,535 0 0Unit-linked contracts 0 0 0 0 0 0 0 0Other 839 0 (217) 133 0 (106) 12 (14)Financial assets and liabilities recognisedat fair value in the incomestatement (chosen) 9,708 (631) 1,080 8,601 (37) 11,429 12 (14)Financial derivatives 956 (731) (5,432) 4,953 0 20,471 0 0Total trading assets 956 (731) (5,432) 4,953 0 20,471 0 0Total 10,664 (1,362) (4,352) 13,554 (37) 31,900 12 (14)DKK millionInterestincome anddividends,etc., relatedto investmentactivitiesInterestexpensesrelated toinvestmentactivitiesMarket-valueadjustmentsrelated toinvestmentactivities2011Interestincome anddividends,etc., relatedto hedgingactivitiesInterestexpensesrelated tohedgingactivitiesMarket-valueadjustmentsrelated tohedgingactivitiesInterestincome anddividends,etc., relatedto pensionactivitiesInterestexpensesrelated topensionactivitiesInvestment properties 2 0 139 0 0 0 0 0Equity investments 1,037 0 (5,127) 0 0 0 0 0Bonds 11,718 0 6,968 5,338 0 37,760 0 0Unit-linked contracts 0 0 0 0 0 0 0 0Other 1,279 (2,755) 907 2,690 0 55 16 (2)Financial assets and liabilities recognisedat fair value in the incomestatement (chosen) 14,036 (2,755) 2,887 8,028 0 37,815 16 (2)Financial derivatives 356 (2,250) (1,861) 6,365 (640) 56,321 0 0Total trading assets 356 (2,250) (1,861) 6,365 (640) 56,321 0 0Total 14,392 (5,005) 1,026 14,393 (640) 94,136 16 (2)The ATP Group – Annual Report 201290
Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 9 ExpensesGroup ATPDKK million 2012 2011 2012 2011Investment-activity expenses 598 527 247 255Pension-activity expenses 351 336 325 327Administration-activity expenses 780 637 836 6761,729 1,500 1,408 1,258Audit fees:Total fees paid to auditors can be broken down as follows:Statutory audit 3.0 2.7 1.0 0.8Other assurance engagements 0.2 0.2 0.0 0.1Tax and VAT services 0.5 0.6 0.4 0.2Other services 0.6 1.0 0.6 1.04.3 4.5 2.0 2.1Depreciation, amortisation and impairment:Depreciation and impairment, property, plant and equipment 12 10 8 6Amortisation and impairment, intangible assets 174 129 174 129Staff expenses:Payroll costs 672 509 511 422Pension contributions 98 83 83 69Other social-security expenses 1 9 0 8Total staff expenses 771 601 594 499Average number of full-time staff 958 794 843 686Remuneration to the CEO - - 6.0 6.0Of which pension contribution - - 0.9 0.9Total remuneration paid to the ATP Supervisory Board - - 1.7 1.7Total remuneration paid to the ATP Board of Representatives - - 0.2 0.2Total remuneration paid to the ATP Audit Committee - - 0.2 0.2Annual remuneration in DKK thousands paid to:Chairman of the Supervisory Board - - 567 562Member of the Executive Committee - - 158 156Member of the Supervisory Board - - 95 94Member of the Board of Representatives - - 11 10Member of the Audit Committee - - 47 47For information on pay policy and practice for the Board of Representatives, the Supervisory Board, the Executive Board and other significant risktakers as required under the executive order on pay policy and the remuneration disclosure requirements for the Danish Labour Market SupplementaryPension Scheme and the Employees' Capital Pension Fund, please visit www.atp.dk.The ATP Group – Annual Report 201291
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