Erste Bank JPMorgan Merrill Lynch International

amount, the closely held corporation” Ukrainische Versicherungsgesellschaft KNIAZHA”
EUR 6,514,000 and Bulstrad Insurance and Reinsurance Joint-Stock Company EUR 11,131,000.
Development of purchased insurance portfolio
in EUR ’000
31.12.2007 31.12.2006
Acquisition costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,086 77,366
Cumulative depreciation as of 31.12. of the previous years . . . . . . . . . . . . . . . . �51,064 �32,741
Book value as of 31.12. of the previous year ........................ 49,022 44,625
Exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 909
Book value as of 1.1. ........................................... 49,130 45,534
Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 2,500
Change in scope of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 16,000
Scheduled depreciations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �18,501 �15,012
Book value as of 31.12. ......................................... 30,629 49,022
Cumulative depreciation as of 31.12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,173 51,064
Acquisition costs .............................................. 101,802 100,086
The purchased insurance portfolio results from the acquisition of existing portfolios and the
securities acquired as part of the acquisition of the insurance companies described in the section
“Scope and methods of consolidation.”
Development of acquired software
in EUR ’000
31.12.2007 31.12.2006
Acquisition costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97,051 81,565
Cumulative depreciation as of 31.12. of the previous years . . . . . . . . . . . . . . . . �57,195 �46,139
Book value as of 31.12. of the previous year ........................ 39,856 35,426
Exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 283 429
Book value as of 1.1. ........................................... 40,139 35,855
Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,703 14,081
Reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �676 �460
Change in scope of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 481 791
Scheduled depreciations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �12,223 �10,411
Book value as of 31.12. ......................................... 41,424 39,856
Cumulative depreciation as of 31.12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,931 57,195
Acquisition costs .............................................. 106,355 97,051
Development of other intangible assets
in EUR ’000
31.12.2007 31.12.2006
Acquisition costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,750 44,873
Cumulative depreciation as of 31.12. of the previous years . . . . . . . . . . . . . . . . �13,757 �8,281
Book value as of 31.12. of the previous year ........................ 32,993 36,592
Exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 679 1,411
Book value as of 1.1. ........................................... 33,672 38,003
Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 715 422
Reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �1 �533
Change in scope of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 836 16
Scheduled depreciations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �5,070 �4,915
Book value as of 31.12. ......................................... 30,152 32,993
Cumulative depreciation as of 31.12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,866 13,757
Acquisition costs .............................................. 49,018 46,750
Amortization of intangible assets is reported in the income statement under commissions and
other acquisition costs and under administrative expenses.
F-38