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expenses

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									DZ BANK                                                                                                                 195
2011 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
NOTES




                                                                                                   » 37 BENEfIt
                                                                                                   INSURANCE
                                                                                                   pAymENtS
€ million                                                                        2011      2010
Expenses for claims                                                             -9,035    -7,472
Gross expenses for claims                                                       -9,091    -7,615
Reinsurers’ share                                                                  56       143

Changes in benefit reserve, reserve for deferred policyholder participation,
and in other insurance liabilities                                              -1,933    -4,173
Changes in gross liabilities                                                    -1,897    -4,157
Reinsurers’ share                                                                  -36       -16
total                                                                          -10,968   -11,645




The net reinsurance expense amounted to €52 million (2010: net income of €9 million).


                                                                                                   » 38 BUSINESS
                                                                                                   INSURANCE
                                                                                                   OpERAtING ExpENSES
€ million                                                                        2011      2010
Gross expenses                                                                  -1,997    -1,867
Reinsurers’ share                                                                  32        38
total                                                                           -1,965    -1,829




                                                                                                   » 39
                                                                                                   ADmINIStRAtIvE
                                                                                                   ExpENSES
€ million                                                                        2011      2010
Staff expenses                                                                  -1,414    -1,378
wages and salaries                                                              -1,165    -1,137
Social security contributions                                                     -142      -139
Pension and other post-employment benefit expenses                                -101      -101
Expenses for share-based payments                                                   -6        -1
General and administrative expenses                                             -1,196    -1,101
Expenses for temporary staff                                                       -18       -17
Contributions and fees                                                             -97       -77
of which: contributions to the German restructuring fund for banks                 -19         –
Consultancy                                                                       -203      -160
Office expenses                                                                   -187      -175
IT expenses                                                                       -244      -239
Property and occupancy costs                                                      -153      -153
Information procurement                                                            -46       -47
Public relations/marketing                                                        -154      -149
Other general and administrative expenses                                          -89       -79
Expenses for administrative bodies                                                  -5        -5
Depreciation and amortization                                                    -112      -109
Property, plant and equipment, and investment property                             -48       -49
Other assets                                                                       -64       -60
total                                                                           -2,722    -2,588
196   DZ BANK
      2011 ANNUAL REPORT
      CONSOLIDATED FINANCIAL STATEMENTS
      NOTES




      The following table shows a breakdown of pension and other post-employment benefit
      expenses:



      € million                                                                                2011   2010
      Expenses in respect of defined benefit obligations                                        -82    -83
      Current service cost                                                                      -33    -31
      Interest expense                                                                          -86    -86
      Expected return on plan assets                                                             37     34
      Expenses in respect of defined contribution obligations                                    -9     -9




                                                                                                             » 40 NEt
                                                                                                             OthER
                                                                                                             OpERAtING INCOmE
      € million                                                                                2011   2010
      Other income from leasing business                                                          5      3
      Other changes in provisions and accruals                                                   84     53
      Expenses for other taxes/income from refunds of other taxes                               -28     13
      Gains and losses on non-current assets and disposal groups classified as held for sale    -13    -12
      Residual net operating income                                                            -121    -63
      total                                                                                     -73     -6




      Gains and losses on non-current assets and disposal groups classified as held for sale include
      impairment losses of €11 million (2010: losses of €11 million) and realized losses of €2 mil-
      lion on disposals (2010: losses of €1 million). The impairment losses largely relate to non-
      current assets and disposal groups classified as held for sale whose measurement does not fall
      within the scope of IFRS 5.



                                                                                                             » 41 tAxES
                                                                                                             INCOmE

      € million                                                                                2011   2010
      Current tax expense                                                                      -266   -289
      Deferred tax income/expense                                                               551   -204
      total                                                                                     285   -493




      Deferred taxes include income of €69 million (2010: €258 million) arising from the appear-
      ance and disappearance of temporary differences. The total for current taxes includes income
      of €41 million (2010: €136 million) attributable to previous years.

      Current taxes in relation to the German limited companies in the group are calculated using
      an effective corporation tax rate of 15.825 percent based on a corporation tax rate of 15.0 per-
      cent plus the solidarity surcharge. The tax rate applied in 2011 was unchanged compared to
      2010. The effective rate for trade tax is 14.7 percent (2010: 14.742 percent) for DZ BANK

								
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