Balance sheet

DKKm		2008	2007
Notes
	Assets
11	Intangible assets		335

12	Operating equipment		80
13	Owner-occupied property
14	Assets under construction		306
	Total property, plant and equipment		386

15	Investment property		2,263

16	Investments in associates		19
	Total investments in associates		19

	Equity investments		2,961
	Unit trust units		1,629
	Bonds		30,654
	Deposits in credit institutions		302
17	Total other financial investment assets		35,546

	Deposits with ceding undertakings, receivable		19

	Total investment assets		37,847

	Reinsurers' share of provisions for unearned premiums		159
22	Reinsurers' share of provisions for claims		1,428
18	Total reinsurers' share of provisions for insurance contracts		1,587

	Receivables from policyholders		901
	Receivables from insurance brokers		0
	Total receivables in relation to direct insurance contracts		901
	Receivables from insurance enterprises		509
	Receivables from subsidiaries		0
	Other receivables		1,145
17	Total receivables		2,555

	Temporarily acquired assets		0
19	Current tax assets		93
	Cash in hand and at bank		298
	Other		4
	Total other assets		395

	Accrued interest and rent earned		666
	Other prepayments and accrued income		59
	Total prepayments and accrued income		725

	Total assets		43,830


DKKm		2008	2007
Notes
	Liabilities
20	Shareholders' equity		10,010

21	Subordinated loan capital		1,101

22	Provisions for unearned premiums		5,403
22	Provisions for claims		21,104
	Provisions for bonuses and premium rebates		409
	Total provisions for insurance contracts		26,916

23	Pensions and similar obligations		403
24	Deferred tax liability		1,109
25	Other provisions		57
	Total provisions		1,569

	Debt related to direct insurance		358
	Debt related to reinsurance		253
26	Debt to credit institutions		599
	Current tax liabilities		336
27	Other debt		2,597
	Total debt		4,143

	Accruals and deferred income		91

	Total liabilities and equity		43,830

1	Accounting policies
20	Capital adequacy, etc.
28	Earnings per share
29	Contractual obligations, contingent liabilities and collateral
30
31	Related parties