Notes on the consolidated balance sheet – assets

(14) Deferred acquisition costs

 

2010

2009

 

Gross business

Reinsurance recoverables

Net business

Gross business

Reinsurance recoverables

Net business

Figures in EUR million

           

Balance at 31.12.
of the previous year

3,899

355

3,544

4,137

628

3,509

Change in
consolidated group

Portfolio entries/withdrawals

10

1

9

1

–1

Newly capitalized acquisition costs

624

–4

628

273

–195

468

Amortized
acquisition costs

658

65

593

561

78

483

Currency adjustments

138

6

132

50

–1

51

Other changes

5

–5

Balance at 31.12. of the year under review

4,013

298

3,715

3,899

355

3,544