1. Consolidated Balance Sheet as at 31 December 2011

1.1 Consolidated Balance Sheet for Non-life and Life Insurance as at 31 December 2011

		in EUR
	31 December 2011	31 December 2010	Index
ASSETS (from A. to G.)	2,962,000,104	3,024,395,808	98
A. INTANGIBLE ASSETS, LONG TERM DEFERRED ITEMS	63,333,465	61,218,108	103
1. Intangible assets	24,798,439	20,034,484	124
2. Goodwill	1,148,243	2,460,627	47
3. Deferred acquisition costs	37,369,009	38,587,347	97
4. Other long-term deferred items	17,774	135,650	13
B. LAND, BUILDINGS AND FINANCIAL ASSETS	2,233,809,016	2,280,058,091	98
I. LAND AND BUILDINGS	207,981,925	206,947,054	101
a) Directly used in insurance activities	111,197,035	122,690,795	91
1. Land directly used in insurance activities	11,557,411	17,108,699	68
2. Buildings directly used in insurance activities	97,914,484	103,084,369	9
3. Other land and biuldings directly used in insurance activities	1,725,140	2,497,727	69
b) Investment property	96,784,890	84,256,259	115
1. Land	42,214,161	35,746,677	118
2. Buildings	54,570,729	48,509,582	112
II. FINANCIAL INVESTMENTS IN SUBSIDIARIES AND ASSOCIATED COMPANIES	20,504,562	147,333,611	14
1. Shares in subsidiaries	0	0
2. Debt securities and loans to subsidiaries	0	0
3. Shares in associated companies	20,504,562	117,067,739	18
4. Debt securities and loans to associated companies	0	3,460,461
5. Other financial investments in subsidiaries and associates	0	26,805,411
III. OTHER FINANCIAL INVESTMENTS	1,957,624,828	1,878,453,125	104
1. Long-term financial investments	1,806,376,898	1,780,124,834	101
1.1 Shares and other floating rate securities and fund coupons	170,824,413	194,750,139	88
1.2 Debt and other fixed return securities	1,359,408,951	1,385,364,483	98
1.3 Investment fund shares	1,677,527	3,504,556	48
1.4 Mortgage loans	6,686,867	6,191,012	108
1.5 Other loans	56,643,373	45,305,949	125
1.6 Deposits with banks	180,931,505	138,215,776	131
1.7 Other financial investments	30,204,262	6,792,919	445
2. Short-term financial investments	151,247,930	98,328,291	154
2.1 Shares available for sale	7,192,605	12,534,803	57
2.2 Securities available for sale and with maturity up to one year	4,154,358	8,422,632	49
2.3 Short-term loans	5,946,763	1,633,991	364
2.4 Short-term bank deposits	121,412,619	72,486,268	167
2.5 Other short-term financial investments	12,541,585	3,250,597	386
IV. FINANCIAL INVESTMENTS OF REINSURANCE COMPANIES IN REINSURANCE CONTRACTS	3,714,618	3,102,985	120
V. ASSETS FROM INVESTMENT CONTRACTS	0	0
VI. ASSETS FROM REINSURANCE CONTRACTS	43,983,083	44,221,316	99
1. From unearned premium	14,630,519	11,958,793	122
- in reinsurance	14,600,653	11,943,142	122
- in co-insurance	29,866	15,651	191
2. From mathematical provision	10,125	0
3. From outstanding claims	29,336,584	32,262,523	91
- in reinsurance	29,136,440	32,251,426	90
- in co-insurance	200,144	11,097
4. From bonuses and discounts	0	0
5. From other technical provisions	5,855	0
6. From technical provisions for life insurance policy holders who bear investment risk	0	0
C. UNIT-LINKED INSURANCE CONTRACT INVESTMENTS	364,684,374	370,627,528	98
D. RECEIVABLES	245,710,514	244,188,988	101
I. RECEIVABLES FROM DIRECT INSURANCE	118,559,324	127,992,948	93
1. Receivables from insurers	112,163,875	116,455,200	96
2. Receivables from insurance brokers	1,609,799	1,816,693	89
3. Other receivables from direct insurance operations	4,784,215	9,610,422	50
4. Receivables from direct insurance operations -associates and subsidiaries	1,435	110,633	1
II. RECEIVABLES FROM CO-INSURANCE AND REINSURANCE OPERATIONS	40,739,474	45,432,007	90
1. Premium receivable from co-insurance	594,195	8,300
2. Premium receivable from reinsurance	28,910,290	23,678,590	122
3. Receivables from co-insurers' share in claims	87,739	73,472	119
4. Receivables from reinsurers' share in claims	8,209,748	19,199,347	43
5. Other receivables from co-insurance and reinsurance	2,937,502	2,472,298	119
6. Receivables from co-insurance and reinsurance- associates and subsidiaries	0	0
II. OTHER RECEIVABLES AND DEFERRED TAX RECEIVABLES	86,411,716	70,764,033	122
1. Receivables for advanced payments for intangible assets	0	93,835
2. Other short-term receivables from insurance operations	15,409,067	20,947,221	74
3. Short term receivables from financing	6,133,465	1,047,944	585
4. Other short-term receivables	22,353,470	20,636,497	108
5. Long-term receivables	1,328,867	323,868	410
6. Current tax receivables	459,509	2,427
7. Deferred tax assets	40,661,243	27,545,028	148
8. Other short-term receivables - associates and subsidiaries	66,095	167,213	40
IV. CALLED UP SHARE CAPITAL UNPAID	0	0
E. OTHER ASSETS	45,553,791	59,608,855	76
I. TANGIBLE FIXED ASSETS, EXCEPT LAND AND BUILDINGS	17,611,647	19,859,866	89
1. Equipment and small tools	16,553,136	18,478,368	90
2. Other tangible fixed assets	1,058,511	1,381,498	77
II. CASH AT BANK AND IN HAND	22,771,667	34,108,090	67
III. INVENTORIES AND OTHER ASSETS	5,170,477	5,640,899	92
1. Inventories	4,199,703	4,777,236	88
2. Other assets	970,774	863,663	112
F. SHORT-TERM DEFERRED ASSETS	7,426,729	7,308,797	102
1. Accrued interest and rent	42,499	22,428	189
2. Deferred short-term expenses of insurance contract acquisition	4,233,083	3,586,486	118
3. Other short-term deferred items	3,151,147	3,699,883	85
G.NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS	1,482,215	1,385,441	107
H. OFF BALANCE SHEET ASSETS	113,932,790	235,198,101	48

		in EUR
	31 December 2011	31 December 2010	Index
EQUITY AND LIABILITIES (from A. to I. )	2,962,000,104	3,024,395,808	98
A. EQUITY	489,469,838	498,977,808	98I
I. SUBSCRIBED (CALLED UP) CAPITAL	73,701,402	23,701,391	311
1. Share capital	73,701,402	23,701,391	311
2. Unsubscribed capital (as deduction)	0	0
II. CAPITAL RESERVES	53,204,076	53,655,516	99
III. RESERVES FROM PROFIT	230,826,820	69,417,981	333
1. Security reserves	529,798	529,798	100
2. Legal and statutory reserves	19,430,982	19,451,956	100
3. Reserves for own shares	364,680	364,680	100
4. Own shares (as deduction)	-364,680	-364,680	100
5. Equalisation provision for credit insurance	34,866,040	33,436,227	104
6. Catastrophe reserves	0	0
7. Other reserves from profit	176,000,000	16,000,000
IV. FAIR VALUE RESERVE	2,786,975	45,520,845	6
1. Fair value reserve for tangible fixed assets	2,189	2,485	88
2. Fair value reserve for long-term investments	3,404,896	51,769,638	7
3. Fair value reserve for short-term investments	-609,176	-6,265,954	10
4. Other fair value reserve	-10,934	14,676
V. NET PROFIT / LOSS CARRIED FORWARD	61,135,220	269,153,671	23
VI. NET PROFIT / LOSS FOR THE CURRENT YEAR	46,175,732	11,313,293	408
VII. NON-CONTROLLING INTEREST	24,204,905	28,212,772	86
VIII. CURRENCY TRANSLATION DIFFERENCES	-2,565,292	-1,997,661	128
B. SUBORDINATED LIABILITIES	40,932,090	40,932,090	100
C. GROSS TEHNICAL PROVISIONS AND DEFERRED INCOME FROM PREMIUMS	1,869,646,881	1,894,832,826	99
1. Gross provisions for unearned premiums	291,740,398	296,367,451	98
2. Gross mathematical provisions	845,464,934	849,847,775	99
3. Gross claim provisions	705,464,250	711,728,317	99
4. Gross provisions for bonuses and discounts	16,599,643	17,836,389	93
5. Other gross tehnical provisions	10,377,656	19,052,894	54
D. GROSS TECHNICAL PROVISIONS FOR THE BENEFIT OF LIFE-INSURANCE POLICYHOLDERS WHO BEAR THE INVESTMENT RISK	364,495,891	376,083,063	97
E. PROVISIONS FOR OTHER RISKS AND CHARGES	29,532,387	28,075,472	105
1. Provisions for pensions	10,392,165	10,278,077	101
2. Other provisions	19,140,222	17,797,395	108
F. LIABILITIES FROM REINSURERS' INVESTMENTS IN REINSURANCE CONTRACTS	0	0
G. OTHER LIABILITIES	161,130,969	178,259,123	90
I. LIABILITIES FROM DIRECT INSURANCE OPERATIONS	20,928,061	23,243,104	90
1. Liabilities to policy holders	13,988,154	15,039,029	93
2. Liabilities to agents and brokers	1,729,573	1,709,179	101
3. Other liabilities from direct insurance operations	5,187,283	6,427,344	81
4. Liabilities from direct insurance operations- associates and subsidiaries	23,051	67,552	34
II. LIABILITIES FROM CO-INSURANCE AND REINSURANCE OPERATIONS	36,106,029	27,928,812	129
1. Liabilities for co-insurance premiums	351,997	329,698	107
2. Liabilities for reinsurance premiums	16,753,300	12,424,654	135
3. Liabilities for co-insurers' share in claims	230,150	160,085	144
4. Liabilities for reinsurers' share in claims	9,049,314	7,108,437	127
5. Other liabilities from co-insurance and re-insurance	9,717,435	7,869,425	123
6. Liabilities from co-insurance and re-insurance-associates and subsidiaries	3,833	36,513	10
III. LOANS SECURED BY FIXED RATE SECURITIES	1,843	8,744,637
IV. LIABIILTIES TO BANKS	10,989,987	9,583,854	115
V. LIABILITIES FROM INVESTMENT CONTRACTS	0	0
VI. OTHER LIABILITIES	93,105,049	108,758,716	86
a) Other long term liabilities	16,560,493	26,950,800	61
1. Long term liabilities from finance leases	6,721,004	7,204,775	93
2. Other long term liabilities	225,902	5,635,186	4
3. Deferred tax liabilities	9,613,587	14,110,839	68
b) Other short-term liabilities	76,544,556	81,807,916	94
1. Short-term liabilities to employees	14,681,752	15,208,247	97
2. Other short-term liabilities from insurance operations	15,419,553	23,915,664	64
3. Short-term liabilities from financing	21,778,287	3,701,973	588
4. Current income tax liabilities	826,652	16,877,495	5
5. Other short-term liabilities	23,838,312	22,104,537	108
H. ACCRUED EXPENSES AND DEFERRED INCOME	6,792,048	7,235,426	94
1. Accrued expenses	3,950,952	4,254,325	93
2. Other accruals and deferred income	2,841,096	2,981,101	95
I. NON-CURRENT LIABILITIES HELD FOR SALE AND DISCONTINUED OPERATIONS	0	0
J. OFF BALANCE SHEET ASSETS	113,932,790	235,198,101	48

Documents

Consolidated balance sheet for Non-life and Life insurance as at 31 December 2011 (XLS / 43.50 kB)

Financial statements

1. Consolidated Balance Sheet as at 31 December 2011

1.1 Consolidated Balance Sheet for Non-life and Life Insurance as at 31 December 2011

Documents