Erste Bank JPMorgan Merrill Lynch International

20. UNDERWRITING PROVISIONS OF UNIT-LINKED AND INDEX-LINKED LIFE INSURANCE
Detail
in EUR ’000
31.12.2005 31.12.2004
Unit-linked life insurance policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,515,223 968,531
Index-linked life insurance policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214,645 150,689
Total ....................................................... 1,729,868 1,119,220
21. PROVISIONS FOR PENSIONS AND SIMILAR OBLIGATIONS
Detail
in EUR ’000
31.12.2005 31.12.2004
Provisions for pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 466,353 509,102
Provisions for post-employment benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,349 115,369
Total ........................................................ 582,702 624,471
Development of pension liabilities
in EUR ’000
31.12.2005 31.12.2004
Present value of the liability (DBO) 1.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 520,144 506,160
Unrealised profits / losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �11,042 0
Provision as of 1.1. ............................................ 509,102 506,160
Withdrawal for pension payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �25,768 �26,118
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,189 29,060
Decrease of obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �46,170 0
Provision as of 31.12. .......................................... 466,353 509,102
Accumulated unrealised profits / losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,333 11,042
Present value of the liability (DBO) as of 31.12. ..................... 505,686 520,144
Development of post-employment benefit liabilities
in EUR ’000
31.12.2005 31.12.2004
Book value as of 1.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115,369 124,225
Change in scope of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 0
Withdrawal for post-employment benefit payments . . . . . . . . . . . . . . . . . . . . . . �10,409 �19,880
Allocation to the provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,363 11,024
Book value as of 31.12. ......................................... 116,349 115,369
The following amounts are included in the income statements for the period under review and the
comparative period from the previous year:
Detail of pension expense
in EUR ’000
1.1.-31.12.2005 1.1.-31.12.2004
Current service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,065 6,884
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,811 22,176
Realised underwriting gains (-) or losses (+) . . . . . . . . . . . . . . . . . . . . . �687 0
Total ................................................... 29,189 29,060
Detail of post-employment benefit expense
in EUR ’000
1.1.-31.12.2005 1.1.-31.12.2004
Current service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,900 5,607
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,463 5,417
Total ................................................... 11,363 11,024
The current service cost is recognised in the income statement by analogy to the current
personnel expense from salaries. The interest expense is shown in the expenses for capital assets.
F-203