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Chap. 3 CONSOLIDATED FINANCIAL STATEMENTS NOTES
2007 2006
'000 '000
Subscribed capital 137,421 137,421
Capital reserve 1,308,177 1,285,750
Treasury stock -- --
Revaluation reserve* 426,138 603,697
Profit carried forward 1,601,173 1,282,980
Reserve from foreign-currency translation -2,951 -1,230
Net profit attributable to the equity holders of the parent 498,067 448,534
Minority interests 175,503 231,368
Total 4,143,528 3,988,520
26Group equity
Equity composition
The subscribed capital equals the share capital of AMB Generali and the capital
reserve includes the premiums from share issues and an amount attributable to share-
based payment recognized as an expenditure. The legal reserves and the reserves under
the Articles of Association (charitable fund) of AMB Generali are included in the profit
carried forward. The latter also comprises the retained profits of the Group companies
included in the Consolidated Financial Statements and the allocations from the Group
net profit. Unrealized capital gains and losses from the revaluation of financial assets
available for sale are reflected in the revaluation reserve after taking into consideration
deferred tax and deferred premium refunds, if applicable. The revaluation reserve also
includes the cash-flow hedge reserve.
The subscribed capital remains unchanged at the preceding year's level of
137,420,784. This amount corresponded to 53,679,994 fully paid unit shares to the
bearer. Assicurazioni Generali S.p.A., Trieste/Italy, have informed us in compliance with
sections 21, 22 Securities Trading Act (WpHG) and section 20 Companies Act that they
indirectly hold a majority interest in AMB Generali Holding AG.
As at December 31, 2007 the authorized capital amounted to 68,710 thousand.
Out of that amount up to 1,024 thousand may be used to issue employee shares to
the employees of the company and its Group companies. The authorization for the Board
of Management is valid until May 18, 2009.
* The revaluation reserve includes unrealized gains of 8,118 thousand (previous year:
6,575 thousand) and unrealized losses of (previous year: 3,912 thousand) resulting
from hedge accounting.
Supplementary information on the Consolidated Balance Sheet 2007 Liabilities