F.24. Acquisition and administration costs
| Non - life segment | Life - segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2015 | 2014 re-presented | 2015 | 2014 re-presented | 2015 | 2014 re-presented | 2015 | 2014 re-presented |
| Net acquisition costs and other commissions | 1,819 | 1,527 | 868 | 1,290 | – | – | 2,687 | 2,817 |
| Gross acquisition costs and other commissions | 3,753 | 3,241 | 1,188 | 1,619 | – | – | 4,941 | 4,860 |
| Change of deferred acquisition costs | (63) | 21 | – | – | – | – | (63) | 21 |
| Received reinsurance commission | (1,871) | (1,735) | (320) | (329) | – | – | (2,191) | (2,064) |
| Investment management expenses | 73 | 32 | 152 | 148 | 1 | 1 | 226 | 181 |
| Other administration costs | 947 | 1,059 | 854 | 930 | 46 | 81 | 1,847 | 2,070 |
| Total | 2,839 | 2,618 | 1,874 | 2,368 | 47 | 82 | 4,760 | 5,068 |
Other administration costs consist mainly of wages and salaries, building and offices rentals, and IT expenses.
Of which relates to the Transformed fund:
| Non - life segment | Life - segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 |
| 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) | 2015 | 2014 |
|---|---|---|
| Not later than one year | 343 | 358 |
| Later than one year and not later than five years | 718 | 799 |
| Later than five years | 776 | 962 |
| Total | 1,837 | 2,119 |