Erste Bank JPMorgan Merrill Lynch International

11. DEFFERED TAXES
The deferred tax credits and liabilities indicated relate to the amounts of temporary differences in
balance sheet items listed in the following Table. (The differences were already valued using
applicable tax rates.) It should be noted that deferred taxes, as far as allowable, are settled at the
taxpayer level, and accordingly differing balances are shown either as assets or liabilities on the
balance sheet.
Detail
in EUR ’000
Deferred tax
assets
31.12.2007
Deferred tax
liabilities
31.12.2007
Deferred tax
assets
31.12.2006
Deferred tax
liabilities
31.12.2006
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . 6,400 130 5,571 129
Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,563 190,028 7,355 236,445
Receivables and other assets . . . . . . . . . . . . . . 13,970 8,358 6,986 4,225
Tax-free reserves . . . . . . . . . . . . . . . . . . . . . . . 0 60,360 0 62,918
Underwriting provisions . . . . . . . . . . . . . . . . . . . 123,605 27,953 124,200 22,589
Non-underwriting provisions . . . . . . . . . . . . . . . 71,983 7,731 76,051 9,026
Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,559 424 17,608 424
Total ................................. 248,080 294,984 237,771 335,756
Balance of deferred taxes. ............... 46,904 97,985
12. OTHER ASSETS
Detail
in EUR ’000
Property/Casualty
31.12.2007
Life
31.12.2007
Health
31.12.2007
Total
31.12.2007
Total
31.12.2006
Tangible assets and inventories . . . 53,471 15,865 92 69,428 62,319
Advance payments for projects . . . 777 9 0 786 207
Tax prepayments . . . . . . . . . . . . . . 84,603 37,106 0 121,709 87,796
Other assets . . . . . . . . . . . . . . . . . 13,294 10,007 1,827 25,128 16,129
Prepaid expenses . . . . . . . . . . . . . 38,926 28,517 192 67,635 57,607
Total ....................... 191,071 91,504 2,111 284,686 224,058
Maturities
in EUR ’000
31.12.2007 31.12.2006
up to one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,703 89,847
from one to five years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121,123 118,070
from five to ten years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,308 6,449
more than ten years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,552 9,692
Total ........................................................ 284,686 224,058
Changes in tangible assets and inventories
in EUR ’000
31.12.2007 31.12.2006
Acquisition costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192,455 169,692
Cumulative depreciation as of 31.12. of the previous year . . . . . . . . . . . . . . . �130,136 �113,217
Book value as of 31.12. of the previous year ....................... 62,319 56,475
Exchange rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 439 1,669
Book value as of 1.1.. ......................................... 62,758 58,144
Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,969 26,530
Reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �6,102 �12,346
Change in scope of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,534 3,438
Scheduled depreciations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �18,731 �13,447
Book value as of 31.12. ........................................ 69,428 62,319
Cumulative depreciation as of 31.12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146,806 130,136
Acquisition costs ............................................ 216,234 192,455
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