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Allianz Annual Report 2012

Annual Report 2012    Allianz Group The total revenues of the combined entity (­­Allianz Group including Europensiones and Popular Gestión) for the year ended 31 December 2011, would have been € 103,595 mn if the acquisition date had been 1 January 2011. The net in- come of the combined entity for the year ended 31 Decem- ber 2011, would have been € 2,824 mn if the acquisition date had been 1 January 2011. The impact of the acquisition of Europensiones and Popu- lar Gestión, net of cash acquired, on the consolidated state- ment of cashflows for the year ended 31 December 2011, was: Significant disposals and Deconsolidations D 019 Equity interest Date of decon- solidation Proceeds from sale Segment Goodwill Transaction % € mn € mn 2011 ­­Allianz Bank Polska S.A., Warsaw 100.0 5/31/2011 38 Corporate and Other – Sale to third party Coparc, Paris 100.0 12/21/2011 27 Life/Health – Sale to third party ­­Allianz Asset Management a.s., Bratislava 100.0 11/30/2011 – Asset Management – Sale to third party W Finance, Paris 100.0 12/21/2011 27 Life/Health – Sale to third party ­­Allianz Takaful, Manama 100.0 11/30/2011 – Property- Casualty Life/Health – Sale to third party ­­Allianz Kazakhstan ZAO, Almaty 100.0 12/6/2011 – Property- Casualty 7 Sale to third party manroland AG, Offenbach 74.0 11/25/2011 – Corporate and Other 28 Deconso- lidation due to insolvency 2010 Alba Allgemeine Versicherungs-Gesellschaft AG, Basel Phenix Compagnie d’assurances SA, Lausanne Phenix Compagnie d’assurances sur la vie SA, Lausanne 100.0 100.0 100.0 11/1/2010 219 Property- Casualty Property- Casualty Life/Health – Sale to third party ­­­­Allianz Bank Zrt., Budapest 100.0 9/30/2010 10 Corporate and Other – Sale to third party europensiones + popular gestion – Impact on the consolidated statement of cash flows D 018 € mn Intangible assets (368) Loans and advances to banks and customers (78) Other assets (8) Deferred tax liabilities 111 Other liabilities 17 Non-controlling interests 137 Less: fair value of previous investment in ­­­Europensiones 120 Acquisition of subsidiaries, net of cash acquired (69) Significant disposals and Deconsolidations During 2012, no significant disposals occurred. The dispos- als and deconsolidations of 2011 and 2010 are summarized in the following table. D Consolidated Financial Statements 221 Consolidated Balance Sheets 222 Consolidated Income Statements 223 Consolidated Statements of Comprehensive Income 224 Consolidated Statements of Changes in Equity 225 Consolidated Statements of Cash Flows 228 Notes to the Consolidated Financial Statements 255

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