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Allianz Annual Report 2012

Annual Report 2012    Allianz Group manroland AG, Offenbach In November 2011, the ­­Allianz Group deconsolidated man- roland AG, Offenbach, and its subsidiaries. The impact of the deconsolidation, net of cash balances, on the consoli- dated statement of cash flows for the year ended 31 Decem- ber 2011, was: manroland – Impact on the consolidated statement of cash flows D 022 € mn Investments 5 Loans to banks and customers 143 Intangible assets 86 Other assets 595 Liabilities to banks and customers (315) Other liabilities (560) Other comprehensive income 5 Non-controlling interests 8 Deconsolidation result 1 5 Effect from deconsolidation of subsidiaries, net of cash balances (28) 1 Thereof a gain of € 5 mn is attributable to the retained investment, which was remeasured to its fair value at the date of deconsolidation. 2010 significant disposals Alba Allgemeine Versicherungs-Gesellschaft AG (Alba), Basel, Phenix Compagnie d’assurances SA (Phenix), Lau- sanne, and Phenix Compagnie d’assurances sur la vie SA (Phenix Vie), Lausanne On 1 November 2010, the ­­Allianz Group sold Alba, Phenix and Phenix Vie. The impact of the disposal, net of cash dis- posed, on the consolidated statement of cash flows for the year ended 31 December 2010, was: alba + phenix – Impact on the consolidated statement of cash flows D 023 € mn Investments 686 Reinsurance assets 29 Deferred acquisition costs 16 Other assets 39 Unearned premiums (38) Reserves for insurance and investment contracts (548) Other liabilities (80) Other comprehensive income (27) Realized gain from the disposal 130 Consolidation (7) Disposal of subsidiaries, net of cash disposed 200 2011 significant disposals and deconsolidations ­­Allianz Bank Polska S.A., Warsaw In May 2011, the ­­Allianz Group sold ­­Allianz Bank Polska S.A., Warsaw. The impact of the disposal, net of cash disposed, on the consolidated statement of cash flows for the year ended 31 December 2011, was: ­Allianz bank polska – Impact on the consolidated statement of cash flows D 020 € mn Non-current assets and assets of disposal groups classified as held for sale 220 Liabilities of disposal groups classified as held for sale (176) Other comprehensive income 11 Deconsolidation result (21) Consolidation (34) Disposal of subsidiary, net of cash disposed – Coparc, Paris In December 2011, the ­­Allianz Group sold Coparc, Paris. The impact of the disposal, net of cash disposed, on the con- solidated statement of cash flows for the year ended 31 De- cember 2011, was: coparc – Impact on the consolidated statement of cash flows D 021 € mn Financial assets carried at fair value through income 4 Investments 529 Financial assets for unit-linked contracts 490 Other assets 11 Reserves for loss and loss adjustment expenses (7) Reserves for insurance and investment contracts (519) Financial liabilities for unit-linked contracts (490) Deferred tax liabilities (1) Other liabilities (1) Other comprehensive income (2) Realized gain from the disposal 1 Less non-cash components: Impairment losses (3) Disposal of subsidiary, net of cash disposed 12 256

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