Erste Bank JPMorgan Merrill Lynch International

Management Board (including surviving dependents) was EUR 1,016 million in 2005 (2004:
EUR 2,055 million).
The following individuals were appointed as trustees during the fiscal year in accordance with
§ 22 (1) of the Austrian Insurance Supervision Act (VAG):
Robert Freitag
Substitute:
Dr. Bernd Fletzberger (starting 2 July 2005)
Ernestine Graßberger (until 30 June 2005)
36. RELATIONSHIPS WITH ASSOCIATED COMPANIES AND PERSONS
Associated companies and Persons
Associated companies represent on the one hand the related companies, joint ventures listed in
point 4 and associated companies. In addition, the executive committees and supervisory boards of
Wiener Städtische Allgemeine Versicherung Aktiengesellschaft and those closely linked to them
qualify as associates. Wiener Städtische Wechselseitige Versicherungsanstalt-Vermögensverwaltung
holds the majority of the voting rights in Wiener Städtische Allgemeine Versicherung Aktiengesellschaft.
This controlling stake means that it is also an associated company.
In the reporting periods no loans or guarantees were granted to the members of the management
board and the supervisory board.
Likewise, no loans or guarantees existed as of 31 December 2005 and 31 December 2004.
Transactions with Associated companies
Wiener Städtische Wechselseitige Versicherungsanstalt-Vermögensverwaltung, on the part of the
company, makes available office premises. Other services (e.g. bookkeeping operations) are furnished
on the part of the company.
Internal reinsurance relations, to a subordinated extent, as well as financial dealings in the real
estate property area and accounting operations (bookkeeping, personnel recruiting, data processing
etc.) exist with consolidated companies.
It is mainly financial and accounting operations that exist with non-consolidated connected and
associated companies.
Open entries at the end of the period under review 31.12.2005
in EUR ’000
Accounts receivable
Accounts receivable from insurance operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,556
Other accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,582
Sub Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,138
Accounts payable
Accounts payable from insurance operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �3,409
Other accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �28,849
Sub Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �32,258
Total .................................................................. �6,120
Loans to affiliated companies which are not to be consolidated . . . . . . . . . . . . . . . . . . . . . . 63,598
Loans to other associated companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,922
EVENTS AFTER THE BALANCE SHEET REPORTING DATE
Receipt of essential official approvals for a 40% ownership interest in Kardan Financial Services
B.V. (KFS) was the final formality in Wiener Städtische AG’s entry into the Dutch financial group. KFS
is a holding company with a majority interest in TBIH Financial Services Group NV, which owns
financial services companies in Central and Eastern Europe.
This allows the Vienna Insurance Group to further expand its position in the Central and Eastern
European insurance markets of Bulgaria, Croatia and the Ukraine, and to actively begin business
operations in Russia and Georgia. This ownership interest also opens up new business opportunities
F-217