Access America 2006 Annual Report Download - page 34

Financial results
32
Reclassification of balance sheet and profit and loss statement of 2005
With the adoption of a new chart of accounts (adoption of the Allianz chart of accounts), the following
reclassifications were effective compared to the annual report 2005:
Balance Sheet
Loans
Other gross customer advances (1.2 million euros) are newly shown under loans instead of other
accounts receivable.
Accounts receivable
Under the new chart of accounts, one component account of receivables has been reclassified to other
liabilities (2.1 million euros).
Unearned premium reserves and deferred service income
The account provision for deferred service income (19.0 million euros) is shown under this account grouping
instead of the deferred income grouping.
Personnel provisions and similar liabilities
The account provision other staff – regulated provision (-0.09 million euros) is grouped in personnel provisions
and similar liabilities instead of other non-technical provisions.
Provision for income taxes and similar taxes
The account other taxes (9.1 million euros) is reclassified to this account grouping instead of other non-
technical provisions.
Other non-technical provisions
The account provision other staff – regulated provision (-0.09 million euros) and the account other taxes
(9,1 million euros) is newly grouped in provisions for income taxes and similar taxes and other non-technical
provisions.
Other liabilities
One component account of receivables (2.1 million euros) and the account liabilities to banks cash advance
& short term deposits (6.9 million euros) is reclassified to this account grouping.
Loans
The account liabilities to banks cash advance & short term deposits (6.9 million euros) is grouped newly in
loans instead of other liabilities.
Deferred income
The account provision for deferred service income (19.0 million euros) is reclassified to unearned premium
reserves and deferred service income as it is considered as a technical provision.
Profit and loss statement
Change of intercompany elimination between claims and services
The elimination of intercompany relationships between claims and services has changed due to the adoption
of the Allianz chart of accounts and changes to Allianz’ accounting principles. The change in the elimination
policy has a positive impact on the service margin and leads to an increase in claims incurred. In the past,
intercompany revenues were mainly eliminated against claims. In 2006, they are eliminated against service
expenses. The link elimination account is newly grouped in other service income / expenses, which was
previously grouped in service revenue (reclassification).
The intercompany elimination change concerns the subtotal claims incurred current year and the groupings
claims paid previous year and commissions paid.
With the adoption of the Allianz chart of accounts, further accounts were re-grouped compared to the
annual report 2005.
Other administration costs
The other administration costs grouping was partially reclassified (2.9 million euros) to other groupings
within the general expenses after transfer subtotal and to the groupings other technical income / expenses.
Current income investments
Interest and similar income are shown separately in current income investments.
Interest and similar income
Interest and similar income are shown separately from current income on investments.