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Allianz Annual Report 2012

2012 Additions of 2012 mainly include goodwill from the acquisi- tionrelatingtothebrokerageportfolioofGANEurocourtage S.A., Paris. The allocated goodwill of the Cash Generating Unit (CGU) Selecta AG was impaired by € 89 mn in the segment Corpo- rate and Other. This impairment was triggered by lower expectations regarding future economic developments of Selecta’s core markets and lower multiples. 2011 Disposals of 2011 include goodwill from the loss of control in manroland AG, Offenbach, due to the opening of insol- vency proceedings during the fourth quarter. As a result of the annual impairment test, the goodwill of the CGU Property-Casualty Insurance USA1 was impaired by € 93 mn, the goodwill of the CGU Life/Health Asia-Pacific and Middle East was impaired by € 149 mn, the goodwill of the CGU Banking Germany was impaired by € 95 mn and the in- tangible asset of the CGU Banking Germany was impaired by € 19 mn. The reclassification of 2011 affects the goodwill of Allianz Kazakhstan ZAO, Almaty, as this subsidiary was reclassified to non-current assets and assets and liabilities of disposal groups classified as held for sale. 2010 Additions of 2010 include goodwill from the acquisition of a 100 % participation in Windpark Werder Zinndorf GmbH & Co. KG, Sehestedt, the acquisition of a 100 % participation in Solarpark BPS Brindisi S.r.l., Brindisi, and the acquisition of a 100 % participation in Solarpark Orsa Maggiore PV S.r.l., Milan. The allocated goodwill of the CGU Banking Europe, Central and Eastern Europe in the Property-Casualty segment and manroland AG in the Corporate and Other segment was impaired as a result of the annual impairment test 2010. Brand names The position brand names consists primarily of the brand name “Selecta”. The brand name “Selecta” has an indefi- nite life, as there is no foreseeable end to its economic life. 1 In 2011, the CGU was named NAFTA Markets. The fair value of this brand name, registered as a trade name, was determined using a royalty savings approach. The brand name of the Insurance Company “Progress Ga- rant” was impaired in the second quarter of 2012 and the brand name of Russian People’s Insurance Society “Rosno” is amortized over the next four years due to the rebranding activities of Allianz Group in the Russian market. Impairment test for goodwill and intangible assets with indefinite useful lives Allocation principles For the purpose of impairment testing, the Allianz Group has allocated goodwill to Cash Generating Units (CGU). These CGU represent the lowest level at which goodwill is monitored for internal management purposes. Cash generating units in the Property-Casualty segment are: −− German Speaking Countries, −− Insurance Western & Southern Europe including France, the Netherlands, Turkey, Belgium, Italy, Greece, Luxem- bourg and Africa, −− Iberia & Latin America including South America, Mexico, Portugal and Spain, −− Asia-Pacific and Middle East, −− Central and Eastern Europe including Bulgaria, Croatia, theCzechRepublic,Hungary,Slovakia,Poland,Romania and Russia, −− Global Insurance Lines & Anglo Markets including Unit- ed Kingdom, Ireland and Australia, −− Specialty Lines I including Allianz SE Re, Allianz Global Corporate & Specialty, ART and Credit Insurance, −− Specialty Lines II including Travel Insurance and Assis- tance Services. Cash generating units in the Life/Health segment are: −− German Speaking Countries, −− Health Germany, −− Insurance Western & Southern Europe including France, the Netherlands, Turkey, Belgium, Italy, Greece, Luxem- bourg and Africa, −− Asia-Pacific and Middle East, −− Insurance USA. Cash generating units in the Corporate and Other segment consist of Selecta AG. Annual Report 2012    Allianz Group D Consolidated Financial Statements 219 Consolidated Balance Sheets 220 Consolidated Income Statements 221 Consolidated Statements of Comprehensive Income 222 Consolidated Statements of Changes in Equity 223 Consolidated Statements of Cash Flows 226 Notes to the Consolidated Financial Statements 283

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