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Allianz Annual Report 2012

The number and weighted average exercise price of the op- tions outstanding and exercisable are as follows: Reconciliation of outstanding ­Allianz SE options D 142 2012 2011 2010 Number of options Weighted average exercise price Number of options Weighted average exercise price Number of options Weighted average exercise price € € € Outstanding as of 1 January 71,833 93.99 71,833 93.99 84,920 93.99 Granted – – – – – – Exercised – – – – – – Forfeited (71,833) 93.99 – – (13,087) 93.99 Outstanding as of 31 December – – 71,833 93.99 71,833 93.99 Exercisable as of 31 December – – 71,833 93.99 71,833 93.99 As all share option plans are completely vested, the ­­­Allianz Group recorded no compensation expenses for the years ended 31 December 2012, 2011 and 2010. The share option plan expired on 31 January 2012. As the share price of the ­Allianz SE share of € 84.06 on the date of expiry was below the weighted average exercise price of € 93.33, the share option plan is deemed to be forfeited. Employee stock purchase plans The ­­­Allianz Group offers ­­­Allianz SE shares in 19 countries to qualified employees at favorable conditions. The shares have a minimum holding period of 1 to 5 years. During the year ended 31 December 2012, the number of shares sold to employees under these plans was 627,118 (2011: 878,233; 2010: 623,412). During the year ended 31 December 2012, the ­­­Allianz Group recognized the difference between the issue price charged to the subsidiaries of the ­Allianz Group and the discounted price of the shares purchased by employees, of € 6 mn (2011: € 12 mn; 2010: € 10 mn) as compensation ex- penses. Other share option and shareholding plans The ­­­Allianz Group has other local share-based compensa- tion plans, including share option and employee share purchase plans, none of which, individually or in the ag- gregate, are material to the consolidated financial state- ments. During the year ended 31 December 2012, the total expense recorded for these plans was € 2  mn (2011: € 1  mn; 2010: € 1 mn). 49 – Restructuring plans As of 31 December 2012, the ­­­­Allianz Group has provisions for restructuring resulting from a number of restructuring programs in various segments. These provisions for re- structuring primarily include personnel costs, which result from severance payments for employee terminations, and contract termination costs, including those relating to the termination of lease contracts that will arise in connection with the implementation of the respective initiatives. 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 349

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