Analysis of capital structure

M37 CAPITAL STRUCTURE OVER A MULTI-YEAR PERIOD
    FIGURES IN EUR MILLION
    2013 2012 1) 2011
  Shareholders’ equity 11,211 8% 11,309 9% 8,691 8%
  Subordinated liabilities 3,107 2% 3,107 2% 2,615 2%
  Technical provisions 91,697 69% 89,484 69% 83,118 72%
  Technical provisions for life insurance insofar as the investment risk is borne by policyholders 8,325 6% 7,451 6% 6,067 5%
  Other provisions 3,095 2% 3,264 2% 2,589 2%
  Liabilities 13,446 11% 13,731 10% 10,212 9%
  Provisions for deferred taxes 1,749 1% 1,984 2% 1,494 1%
  Liabilities of disposal groups classified as held for sale 233 < 1% 20 < 1% 491 1%
  Total liabilities 132,863 100% 130,350 100% 115,277 100%
  1) Adjusted on the basis of IAS 8, cf. “Accounting policies” section in the Notes