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Annual Report 2008
3rd place in MDAX

(11) Other revenues

All figures in €’000 2008 2007
Cost transfers to commercial agents 8,245 7,130
Income from investments 5,025 2,467
Subsequent income from sale 4,000 11,295
Reversal of deferred obligations 3,232 3,006
Reversal of impairment losses/income from written-off receivables 3,109 545
Income from the reversal of provisions 1,558 2,519
Rent 1,436 1,357
Own work capitalised 1,045 1,525
Income from currency translation 273 13
Income from service provision and infrastructure 93 869
Income from the disposal of intangible assets and property, plant and equipment 17 52
Income from the disposal of assets 3,984
Sundry other income 14,908 6,823
Total 42,940 41,584

The sub-item “Cost transfers to commercial agents” covers among other things income from the renting out of laptops and the cost transfers of other material costs. The subsequent income from sales is due to the sale of MLP Lebensversicherung AG (now: Heidelberger Lebensversicherung AG) and contains the portion of the subsequent profit component attributable to the financial year 2008. The item “Reversal of impairment losses/ income from written-off receivables” relates to the items “Receivables from clients from the banking business” and “Other receivables and other assets”. On the other hand, allowances for bad debts are disclosed under “Other operating expenses”. The own work capitalised mainly contains development activities in connection with the MLP broker platform and product selection. The income from service provision and infrastructure concerns amounts billed to Heidelberger Lebensversicherung AG and Janitos Versicherung AG (formerly MLP Versicherung AG) for services rendered. The drop in this figure is due to a significant fall in the utilisation of IT and Computer Centre services in the last financial year. Income from the disposal of assets results from the sale of Feri Fund Market Information Ltd. and its subsidiary FI Datenservice GmbH. The item “Sundry other income” mainly consists of the income from reinsuring pension obligations and from the adjustment of the variable purchase price liability for Feri Finance AG. Premium payments recorded in other operating expenses are in connection with income from reinsurance business.