- Statement of Management's Responsibilities
- Independent Auditor's Report
- The consolidated financial statements
- Notes to the Consolidated Financial Statements
- General Information
- Main Accounting Policies
- Main Assumptions
- Risk Report
- Segment Reporting
- Notes to the Statement of Financial Position
- Notes to the Income Statement
- Premium income
- Income from financial assets
- Expenses from financial assets and liabilities
- Fair value gains and losses
- Realised gains and losses
- Other insurance income
- Other income
- Claims
- Change in other insurance-technical provisions
- Expenses for bonuses and discounts
- Acquisition costs and other operating expenses
- Other expenses from insurance operations
- Other expenses
- Income tax expense
- Other Information
- Appendix
7.13 Other expenses
Other expenses
|
|
|
in EUR |
|
|
2011 |
2010 |
|
Depreciation of investment property |
1,597,034 |
1,368,670 |
|
Other investment property expenses |
1,190,752 |
1,754,540 |
|
Other expenses |
58,535,760 |
81,951,771 |
|
- operating expenses of non-insurance companies |
51,788,944 |
54,853,948 |
|
- impairment charge |
1,312,388 |
16,135,882 |
|
- other expenses |
5,434,428 |
10,961,941 |
|
TOTAL |
61,323,544 |
85,074,981 |
Impairment charge relates to the impairment of goodwill in the amount of EUR 1,312,384 (in 2010: EUR 4,337,295 impairment of goodwill and EUR 11,798,587 impairment of contractual rights and the value of acquired operations).