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Allianz Annual Report 2013

D Consolidated Financial Statements 127 Consolidated Balance Sheets 128 Consolidated Income Statements 129 Consolidated Statements of Comprehensive Income 130 Consolidated Statements of Changes in Equity 131 Consolidated Statements of Cash Flows 134 Notes to the Consolidated Financial Statements Annual Report 2013    Allianz Group 231 Principal accountant fees and services KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG AG) serves as the external auditing firm for the ­Allianz Group. Fees billed by KPMG AG and affiliated entities, and KPMG AG and the worldwide member firms of KPMG International (KPMG) are dis­ closed in four categories: KPMG Fees € mn KPMG worldwide thereof: KPMG AG and affiliated entities 1 2013 2012 2013 2012 Audit fees 36.3 36.8 16.0 16.7 Audit-related fees 8.3 7.9 6.7 6.6 Tax fees 4.8 2.3 4.4 1.7 All other fees 8.1 2.2 7.3 1.2 Total  57.5 49.2 34.4 26.2 1 As of 31 December 2013, KPMG AG and affiliated entities comprised KPMG operations in Belgium, Germany, Luxembourg, the Netherlands, Russia, Spain, Switzerland, Turkey, Ukraine and the United Kingdom. Audit fees KPMG billed the ­Allianz Group an aggregate of € 36.3 mn (2012: € 36.8 mn) in connection with professional services rendered for the audit of the ­Allianz Group’s consolidated financial statements, statu­ tory audits of the financial statements of ­Allianz SE and its subsidiar­ ies and services normally provided by KPMG in connection with statu­ tory and regulatory filings or engagements. These services consisted mainly of periodic review engagements and the annual audit. Audit-related fees KPMG charged the ­Allianz Group an aggregate of € 8.3 mn (2012: € 7.9 mn) for assurance and related services that are reasonably re­lated to the performance of the audit or review of the financial statements and are not reported within audit fees. These services consisted primarily of advisory and consulting services related to accounting and financial reporting standards and financial due dili­ gence services. Tax fees KPMG fees for professional services, rendered for tax advice and tax compliance, amounted to € 4.8 mn (2012: € 2.3 mn) and resulted pri­ marily from tax advice. All other fees KPMG invoiced the ­Allianz Group an aggregate of € 8.1 mn (2012: € 2.2 mn) for other products and services, which consisted primarily of services under the guidance of ­Allianz Group management and general consulting services. All services provided by KPMG to ­Allianz Group companies must be approved by the Audit Committee of the ­Allianz SE Supervisory Board. Services other than audit services must be pre-approved by the Audit Committee. The Audit Committee pre-approval process is based on theuseofa“PositiveList”ofactivitiesdecidedbytheAuditCommittee and, in addition, a “Guiding Principles and User Test” is applied. Group Compliance and KPMG report to the Audit Committee periodi­ cally with respect to services performed. KPMG is the main auditing firm for the ­Allianz Group and assigned in more than 75 % of all audit-related tasks. Auditing firms other than KPMG billed the ­Allianz Group an aggregate of € 15.0 mn (2012: € 14.6 mn). Remuneration for the Board of Management As of 31 December 2013, the Board of Management is comprised of 11 members. The following values reflect the full Board of Manage­ ment active in the respective year. The sum of the total remuneration of the ­Allianz SE Board of Management for 2013, excluding the notional accruals of the MTB 2013 – 15, amounts to € 31 mn (2012 including the payment of the MTB 2010 – 12: € 53 mn1). The Equity-related remuneration is comprised in 2013 of 107,2162 (2012: 119,7433) Restricted Stock Units (RSU). RSU with a total fair value of € 11.0 mn (2012: € 10.5 mn) were grant­ ed to the Board of Management for the year ended 31 December 2013. In 2013, remuneration and other benefits totaling € 9 mn (2012: € 7 mn) were paid to retired members of the Board of Management and dependents. Reserves for current pensions and accrued pension rights totaled € 100 mn (2012: € 105 mn). The total remuneration for all Supervisory Board members, including attendance fees, amounted to € 2.0 mn (2012: € 2.1 mn). Board of Management and Supervisory Board compensation by individual is included in the Remuneration Report. The information provided there is considered part of these consolidated financial statements. 1 For joining or leaving members of the ­Allianz SE Board only the pro-rated MTB relating to their service as Board members is disclosed. 2 The relevant share price used to determine the final number of RSUs granted is only available after sign-off by the external auditors, thus numbers are based on a best estimate. 3 The disclosure in the Annual Report 2012 was based on a best estimate of the RSU grants. The figure shown here for 2012 now includes the actual fair value as of the grant date (7 March 2013). The value therefore differs from this disclosed last year.

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