Erste Bank JPMorgan Merrill Lynch International

CONSOLIDATED BALANCE SHEET AS OF 31 DECEMBER 2005
LIABILITIES AND SHAREHOLDERS’ EQUITY
in EUR ’000
Note 31.12.2005 31.12.2004
A. Shareholders’ equity* .............................. 13
I. Share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109,009 89,655
II. Capital reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,035,029 150,000
III. Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 446,790 323,614
IV. Other reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 410,664 285,459
V. Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,840 65,050
Total shareholders’ equity. .......................... 2,059,332 913,778
B. Subordinated liabilities ............................. 14 413,200 113,200
C. Underwriting provisions
I. Unearned premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 627,653 442,929
II. Actuarial reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 9,391,517 8,404,484
III. Reserve for outstanding claims . . . . . . . . . . . . . . . . . . . . . 17 2,307,272 1,933,455
IV. Reserve for profit-independent premium refunds . . . . . . . . 18 30,950 31,949
V. Reserve for profit-dependent premium refunds . . . . . . . . . 18 713,661 464,827
VI. Other underwriting provisions . . . . . . . . . . . . . . . . . . . . . . 19 15,239 12,727
Total underwriting provisions ........................ 13,086,292 11,290,371
D. Underwriting provisions of unit- and index-linked life
insurance ........................................ 20 1,729,868 1,119,220
E. Non-underwriting provisions
I. Provisions for pensions and similar obligations . . . . . . . . . 21 582,702 624,471
II. Tax provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,779 90,080
III. Other provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 219,905 171,570
Total non-underwriting provisions .................... 871,386 886,121
F. Liabilities ........................................ 23 1,074,731 939,156
G. Deferred tax liabilities .............................. 11 123,944 109,511
H. Other liabilities ................................... 24 82,693 59,550
Total LIABILITIES AND SHAREHOLDERS’ EQUITY .......... 19,441,446 15,430,907
* The change in Group shareholders’ equity is presented in Note 13 of the Notes on the
consolidated financial statements.
F-161