Erste Bank JPMorgan Merrill Lynch International

14. SUBORDINATED LIABILITIES
Subordinated liabilities involve supplementary capital loans of the following companies in the
Group:
Issuing company Issue date
WIENER STÄDTISCHE Versicherung AG
VIENNA INSURANCE GROUP
WIENER STÄDTISCHE Versicherung AG
VIENNA INSURANCE GROUP
Donau Versicherung AG VIENNA
INSURANCE GROUP
Donau Versicherung AG VIENNA
INSURANCE GROUP
Donau Versicherung AG VIENNA
INSURANCE GROUP
Outstanding
volume
(EUR ’000)
Maturity
in years Interest in %
12.1.2005 180,000 17 First 12 years:
4.625% p.a.;
thereafter variable
12.1.2005 120,000 unlimited 1)
10.5.2004 50,000 unlimited 2)
15.4.+21.5.2004 11,500 unlimited 3)
1.7.1999 3,500 unlimited 4)
First years:
4.25% p.a.;
thereafter variable
Fair value
(EUR ’000)
167,472
114,900
4.95% p.a. 50,255
4.95% p.a. 11,483
4.95% p.a. 3,504
Bank Austria Creditanstalt Versicherung AG 2.1.2004 25,000 10 4.95% p.a. 25,153
Bank Austria Creditanstalt Versicherung AG 21.12.2001 6,000 unlimited 5)
First 10 years:
6% p.a.;
thereafter variable
6,204
Bank Austria Creditanstalt Versicherung AG 18.12.1998 5,814 unlimited 5)
variable 5,814
Bank Austria Creditanstalt Versicherung AG 2.1.2004 25,000 10 4.95% p.a. 25,153
Bank Austria Creditanstalt Versicherung AG 21.12.2001 3,000 unlimited 5)
First 10 years:
6% p.a.;
thereafter variable
3,102
Bank Austria Creditanstalt Versicherung AG 23.4.1998 3,634 unlimited 5)
Kooperativa pojisˇt’ovna, a.s., VIENNA
INSURANCE GROUP
27.10.2007 9,462 unlimited 6)
variable 3,634
4.5% p.a. 9,462
Total 442,910 426,136
1)
The right to ordinary and extraordinary cancellation by the holder is excluded. Regular cancellation
by the issuer is first allowed effective 12 January 2017.
2)
This may be cancelled, in whole or in part, both by the holders as well as by Donau, not before
10 May 2014, upon the giving of five years’ notice and as of May 10 of each subsequent year.
3)
This may be cancelled, in whole or in part, both by the holders as well as by Donau, not before
31 December 2009, upon the giving of five years’ notice and as of December 31 of each subsequent
year.
4)
This may be cancelled, in whole or in part, both by the holders as well as by Donau, not before
1 July 2002, upon the giving of five years’ notice and as of July 1 of each subsequent year.
5)
This can only be cancelled subject to not less than five years’ notice, unless Austrian insurance
regulators agree to repayment being made early.
6)
This can only be cancelled subject to not less than five years’ notice.
Interest on supplementary capital loans may be employed for disbursements only insofar as the
interest is covered by the company’s domestic profit for the year. However, interest is always included
in costs.
15. PROVISIONS OF UNEARNED PREMIUMS
Detail 31.12.2007 31.12.2006
in EUR ’000
Property/casualty insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 830,355 625,375
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128,464 138,735
Health insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,535 1,492
Total ........................................................ 960,354 765,602
F-51