F.24. Acquisition and administration costs
| Non-life segment | Life segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2014 | 2013 restated | 2014 | 2013 restated | 2014 | 2013 restated | 2014 | 2013 restated |
| Net acquisition costs and other commissions | 1,765 | 1,860 | 1,290 | 1,687 | – | – | 3,055 | 3,547 |
| Gross acquisition costs and other commissions | 3,774 | 4,030 | 1,619 | 2,020 | – | – | 5,393 | 6,050 |
| Change of deferred acquisition costs | (30) | (154) | – | – | – | – | (30) | (154) |
| Received reinsurance commissions | (1,979) | (2,016) | (329) | (333) | – | – | (2,308) | (2,349) |
| Investment management expenses | 34 | 42 | 148 | 172 | 1 | 2 | 183 | 216 |
| Other administration costs | 1,409 | 1,330 | 930 | 1,030 | 81 | 96 | 2,420 | 2,456 |
| Total | 3,208 | 3,232 | 2,368 | 2,889 | 82 | 98 | 5,658 | 6,219 |
Other administration costs consist mainly of wages and salaries, building and offices rentals, and IT expenses.
Of which relates to Transformed fund:
| Non-life segment | Life segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 |
| Investment management expenses | – | – | – | – | – | – | – | – |
| Other administration costs | – | – | 5 | 5 | – | – | 5 | 5 |
| Total | – | – | 5 | 5 | – | – | 5 | 5 |
The following table shows the total of future minimum lease payments under non-cancellable operating leases for each of the following periods:
| (CZK million) | 2014 | 2013 |
|---|---|---|
| Not later than one year | 358 | 418 |
| Later than one year and not later than five years | 799 | 1,044 |
| Later than five years | 962 | 179 |
| Total | 2,119 | 1,641 |