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Allianz Annual Report 2012

13 – Other assets Other assets D 053 € mn as of 31 December 2012 2011 Receivables Policyholders 6,005 5,653 Agents 4,497 4,352 Reinsurers 2,421 2,497 Other 4,054 3,405 Less allowance for doubtful accounts (730) (669) Subtotal 16,247 15,238 Tax receivables Income taxes 1,363 1,708 Other taxes 1,278 1,150 Subtotal 2,641 2,858 Accrued dividends, interest and rent 7,780 7,672 Prepaid expenses Interest and rent 17 18 Other prepaid expenses 300 286 Subtotal 317 304 Derivative financial instruments used for hedging that meet the criteria for hedge accounting and firm commitments 129 430 Property and equipment Real estate held for own use 2,885 2,806 Software 1,590 1,393 Equipment 967 849 Fixed assets of Alternative Investments 1,225 1,113 Subtotal 6,667 6,161 Other assets 1 1,845 1,683 Total 35,626 34,346 1 As of 31 December 2012, includes prepaid benefit costs for defined benefit plans of € 490 mn (2011: € 385 mn). As of 31 December 2012, other assets due within one year totaled € 27,367 mn (2011: € 27,746 mn), and those due in more than one year totaled € 8,259 mn (2011: € 6,600 mn). As of 31 December 2012, the percentage of PVFP that is ex- pected to be amortized in 2013 is 15.30 % (12.11 % in 2014, 10.63 % in 2015, 9.63 % in 2016 and 8.84 % in 2017). Deferred sales inducements Deferred sales inducements D 052 € mn 2012 2011 2010 Carrying amount as of 1 January 797 821 693 Additions 138 231 335 Foreign currency translation adjustments (17) 43 46 Shadow accounting (253) (193) (124) Amortization (141) (105) (129) Carrying amount as of 31 December 524 797 821 Annual Report 2012    Allianz Group280

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