Erste Bank JPMorgan Merrill Lynch International

33. OTHER EXPENSES
Detail
in EUR ’000
Property/Casualty
2006
Life
2006
Health
2006
Other underwriting expenses . . . . . . . . . . . . . . . . . . . 77,963 36,990 992 115,945
Other non-underwriting expenses . . . . . . . . . . . . . . . . 21,529 8,362 16 29,907
Total ..................................... 99,492 45,352 1,008 145,852
Other expenses consist primarily of other underwriting amounts and fees of EUR 47,592 million,
value adjustments (not including investments) of EUR 15,988 million and current non-underwriting
operating expenses of EUR 2,776 million.
Detail
in EUR ’000
Property/Casualty
2005
Life
2005
Health
2005
Other underwriting expenses. . . . . . . . . . . . . . . . . . . . 87,737 29,462 981 118,180
Other non-underwriting expenses . . . . . . . . . . . . . . . . 17,094 6,751 0 23,845
Total. ..................................... 104,831 36,213 981 142,025
34. TAX EXPENSES
Detail — tax expense
in EUR ’000
2006 2005
Actual taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,897 67,105
Actual taxes related to other periods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 653 �4,740
TOTAL ACTUAL TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,550 62,365
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,096 �20,765
Total .......................................................... 56,646 41,599
Carry-over calculation
in EUR ’000
2006 2005
Expected tax rate in % . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25% 25%
Profit before taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,967 240,336
EXPECTED TAX EXPENSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,242 60,084
Adjusted for tax effects due to:
Tax-exempt income from ownership interests . . . . . . . . . . . . . . . . . . . . . . . . . �29,234 �29,637
Non-deductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,609 25,544
Income not subject to tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �15,054 �19,266
Taxes from previous years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 653 �4,740
Change in tax rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �2,557 1,532
Adjustment for accumulated losses carried forward and other tax effects . . . . 1,987 8,082
EFFECTIVE INCOME TAX EXPENSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,646 41,599
Effective tax rate in %........................................... 17.6% 17.3%
The (Austrian) income tax rate of parent company WIENER STÄDTISCHE Versicherung AG
VIENNA INSURANCE GROUP is used as the Group tax rate.
35. OTHER INFORMATION
Employee statistics 31.12.2006 31.12.2005
Austria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,747 5,366
Field sales representatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,822 2,725
Office employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,925 2,641
Outside Austria. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,840 10,980
Field sales employees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,548 4,982
Office employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,292 5,998
Total ........................................................ 18,587 16,346
F-148
Total
2006
Total
2005