F.24. Acquisition and administration costs
| Non - life segment | Life segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| Commission and other acquisition costs | 2,057 | 1,819 | 792 | 868 | – | – | 2,849 | 2,687 |
| Gross acquisition costs and other commission | 4,167 | 3,753 | 1,100 | 1,188 | – | – | 5,267 | 4,941 |
| Change indeferred acquisition costs | (199) | (63) | – | – | – | – | (199) | (63) |
| Received reinsurance commission | (1,911) | (1,871) | (308) | (320) | – | – | (2,219) | (2,191) |
| Investment management expenses | 23 | 73 | 147 | 152 | – | 1 | 170 | 226 |
| Other administration costs | 998 | 947 | 903 | 854 | – | 46 | 1,901 | 1,847 |
| Total | 3,078 | 2,839 | 1,842 | 1,874 | – | 47 | 4,920 | 4,760 |
Other administration costs consist mainly of wages and salaries, building and office rentals, and IT expenses.
Of which relates to the Transformed fund
| Non - life segment | Life segment | Financial segment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| (CZK million) | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| Other administration costs | – | – | 14 | 5 | – | – | 14 | 5 |
| Total | – | – | 14 | 5 | – | – | 14 | 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) | 2016 | 2015 |
|---|---|---|
| Not later than one year | 319 | 343 |
| Later than one year and not later than five years | 872 | 718 |
| Later than five years | 393 | 776 |
| Total | 1,584 | 1,837 |