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46Consolidated balance sheetat 31.12.2003LIABILITIESNotes 31.12.2003 (€) 31.12.2002 (€)Shareholders’ equity - group share 17Subscribed capital 44 994 210.00 44 994 210.00Issue premiums 3 106 002.40 3 106 002.40ReservesConsolidation adjustments 8,18 37 799 786.26 37 799 786.26Consolidated reserves 10,19,20 78 640 324.28 75 583 501.37Profit for the year - group share 20 587 712.95 10 311 629.45Total shareholders’ equity - group share 185 128 035.89 171 795 129.48Shareholders’ equity - minority interestsShare in reserves 508 076.67 391 771.18Share in profit 19 967.75 44 258.54Total shareholders’ equity - minority interests 528 044.42 436 029.72Special items with a share in reserves 9,21 37 803 359.21 41 171 127.41Technical provisions11(j)Provision for unearned premiums 68 004 760.85 62 586 386.18Provision for life insurance 263 234 352.40 237 250 958.09Provision for claims 291 638 480.29 280 746 821.47Provision for profit sharing and no-claims bonuses 577 133.07 716 297.21Equalisation reserve 35 810 504.81 27 907 384.43Other technical provisions 438 949.84 6 479.58659 704 181.26 609 214 326.96Technical reserves relating to life insurancewhere the investment risk is assumed by the policy holder 11(j) 916 427 377.75 775 754 723.53Total technical provisions 1 576 131 559.01 1 384 969 050.49Subrogations and recoveries – reinsurers’ share 73 843.48 734 648.88The notes included in the annex are an integral part of the consolidated accounts.