1.2 Consolidated Balance Sheet for Non-life Insurance as at 31 December 2011

 

 

in EUR

 

 

31 December 2011

31 December 2010

Index

ASSETS (from A. to G.)

1,612,275,243

1,650,421,687

98

A. INTANGIBLE  ASSETS, LONG TERM DEFERRED  ITEMS

61,221,153

59,138,284

104

1. Intangible assets

22,686,127

17,954,660

126

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

1,269,490,942

1,295,605,668

98

I. LAND AND BUILDINGS

195,021,549

194,174,121

100

a) Directly used in insurance activities

101,473,318

112,786,292

90

1. Land directly used in insurance activities

10,917,192

16,469,103

66

2. Buildings directly used in insurance activities

88,834,119

93,819,462

95

3. Other land and biuldings directly used in insurance activities

1,722,007

2,497,727

69

b) Investment property

93,548,231

81,387,829

115

1. Land

41,886,092

35,418,608

118

2. Buildings

51,662,139

45,969,221

112

II. FINANCIAL INVESTMENTS IN SUBSIDIARIES AND ASSOCIATED COMPANIES

13,088,391

120,151,001

11

1. Shares in subsidiaries

0

0

 

2. Debt securities and loans to subsidiaries

0

0

 

3. Shares in associated companies

13,088,391

100,434,353

13

4. Debt securities and loans to associated companies

0

175,970

 

5. Other financial investments in subsidiaries and associates

0

19,540,678

 

III. OTHER FINANCIAL INVESTMENTS

1,013,697,081

933,956,628

109

1. Long-term financial investments

915,547,506

858,192,572

107

1.1 Shares and other floating rate securities and fund coupons

131,711,582

148,857,422

88

1.2 Debt and other fixed return securities

611,077,047

601,955,698

102

1.3 Investment fund shares

1,677,527

3,504,556

48

1.4 Mortgage loans

6,607,056

6,191,012

107

1.5 Other loans

25,393,963

14,021,303

181

1.6 Deposits with banks

109,595,842

77,922,104

141

1.7 Other financial investments

29,484,489

5,740,477

514

2. Short-term financial investments

98,149,575

75,764,056

130

2.1 Shares available for sale

4,752,839

8,611,156

55

2.2 Securities available for sale and with maturity up to one year

1,364,338

7,921,957

17

2.3 Short-term loans

5,946,763

1,633,991

364

2.4 Short-term bank deposits

74,244,896

55,119,720

135

2.5 Other short-term financial investments

11,840,739

2,477,232

478

VI. 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

43,969,303

44,220,933

99

1. From unearned premium

14,626,864

11,958,410

122

    - in reinsurance

14,596,998

11,942,759

122

    - in co-insurance

29,866

15,651

191

2. From mathematical provision

0

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

0

0

 

D. RECEIVABLES

233,381,701

231,278,877

101

I. RECEIVABLES FROM DIRECT INSURANCE

117,984,949

126,872,234

93

1. Receivables from insurers

111,760,939

116,010,688

96

2. Receivables from insurance brokers

1,609,568

1,815,582

89

3. Other receivables from direct insurance operations

4,613,007

8,935,331

52

4. Receivables from direct insurance operations -associates and subsidiaries

1,435

110,633

1

II. RECEIVABLES FROM CO-INSURANCE AND REINSURANCE OPERATIONS

40,739,306

45,425,812

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

8,217,772

19,199,347

43

5. Other receivables from co-insurance and reinsurance

2,929,310

2,466,103

119

6. Receivables from co-insurance and reinsurance- associates and subsidiaries

0

0

 

III. OTHER RECEIVABLES AND DEFERRED TAX RECEIVABLES

74,657,446

58,980,831

127

1. Receivables for advanced payments for intangible assets

0

93,835

 

2. Other short-term receivables from insurance operations

15,077,486

12,802,171

118

3. Short term receivables from financing

1,581,643

1,014,250

156

4 Other short-term receivables

20,694,878

19,034,938

109

5. Long-term receivables

1,328,867

323,868

410

6. Current tax receivables

459,336

2,409

 

7. Deferred tax assets

35,504,998

25,590,436

139

8. Other short-term receivables - associates and subsidiaries

10,238

118,924

9

IV. CALLED UP SHARE CAPITAL UNPAID

0

0

 

E. OTHER ASSETS

39,361,550

56,125,353

70

I. TANGIBLE FIXED ASSETS, EXCEPT LAND AND BUILDINGS

16,154,025

17,888,202

90

1. Equipment and small tools

15,119,508

16,536,449

91

2. Other tangible fixed assets

1,034,517

1,351,753

77

II. CASH AT BANK AND IN HAND

18,041,654

32,601,768

55

III. INVENTORIES AND OTHER ASSETS

5,165,871

5,635,383

92

1. Inventories

4,199,495

4,772,575

88

2. Other assets

966,376

862,808

112

F. SHORT-TERM DEFERRED ASSETS

7,337,682

6,888,064

107

1. Accrued interest and rent

42,499

22,428

189

2. Deferred short-term expenses of insurance contract acquisition

4,231,710

3,410,532

124

3. Other short-term deferred items

3,063,473

3,455,104

89

G. NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

1,482,215

1,385,441

107

H. OFF BALANCE SHEET ASSETS

104,373,152

197,323,606

53

 

 

 

in EUR

 

 

31 December 2011

31 December 2010

Index

EQUITY AND LIABILITIES (from A. to I.)

1,612,275,243

1,650,421,687

98

A. EQUITY

415,767,323

412,757,252

101

I. SUBSCRIBED (CALLED UP) CAPITAL

51,340,551

16,510,540

311

1. Share capital

51,340,551

16,510,540

311

2. Unsubscribed capital (as deduction)

0

0

 

II. CAPITAL RESERVES

40,136,169

40,587,609

99

III. RESERVES FROM PROFIT

198,738,684

67,448,314

295

1. Security reserves

376,299

376,299

100

2. Legal and statutory reserves

17,614,817

17,635,788

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

145,881,528

16,000,000

912

IV. FAIR VALUE RESERVE

11,735,592

37,934,655

31

1. Fair value reserve for tangible fixed assets

2,189

2,485

88

2. Fair value reserve for long-term investments

11,939,585

44,350,202

27

3. Fair value reserve for short-term investments

-195,248

-6,432,708

3

4. Other fair value reserve

-10,934

14,676

 

V. NET PROFIT / LOSS CARRIED FORWARD

51,421,795

218,123,015

24

VI. NET PROFIT / LOSS FOR THE CURRENT YEAR

40,561,626

5,697,192

712

VII. NON-CONTROLLING INTEREST

23,323,805

27,391,208

85

VIII. CURRENCY TRANSLATION DIFFERENCES

-1,490,899

-935,281

159

B. SUBORDINATED LIABILITIES

27,259,666

27,259,666

100

C. GROSS TEHNICAL PROVISIONS AND DEFERRED INCOME FROM PREMIUMS

1,003,131,555

1,023,149,957

98

1. Gross provisions for unearned premiums

291,315,393

296,004,071

98

2. Gross mathematical provisions

0

0

 

3. Gross claim provisions

684,838,863

690,256,603

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

0

0

 

E. PROVISIONS FOR OTHER RISKS AND CHARGES

27,709,339

26,415,824

105

1. Provisions for pensions

8,903,695

8,618,938

103

2. Other provisions

18,805,644

17,796,886

106

F. LIABILITIES FROM REINSURERS' INVESTMENTS IN REINSURANCE CONTRACTS

0

0

 

G. OTHER LIABILITIES

132,058,731

154,169,909

86

LIABILITIES FROM DIRECT INSURANCE OPERATIONS

12,974,225

13,029,795

100

1. Liabilities to policy holders

6,875,575

6,864,129

100

2. Liabilities to agents and brokers

1,643,585

1,563,634

105

3. Other liabilities from direct insurance operations

4,449,815

4,584,764

97

4. Liabilities from direct insurance operations- associates and subsidiaries

5,250

17,268

30

LIABILITIES FROM CO-INSURANCE AND REINSURANCE OPERATIONS

36,093,786

27,913,467

129

1. Liabilities for co-insurance premiums

351,997

329,698

107

2. Liabilities for reinsurance premiums

16,741,057

12,409,309

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

71,998,890

94,898,156

76

a) Other long term liabilities

16,866,071

25,318,302

67

1. Long term liabilities from finance leases

6,721,004

7,204,775

93

2. Other long term liabilities

224,152

5,633,436

4

3. Deferred tax liabilities

9,920,915

12,480,091

79

b) Other short-term liabilities

55,132,819

69,579,854

79

1. Short-term liabilities to employees

14,665,581

15,197,361

97

2. Other short-term liabilities from insurance operations

5,448,518

15,464,671

35

3. Short-term liabilities from financing

16,279,968

3,691,322

441

4. Current income tax liabilities

802,715

16,877,495

5

5. Other short-term liabilities

17,936,037

18,349,005

98

H. ACCRUED EXPENSES AND DEFERRED INCOME

6,348,629

6,669,079

95

1. Accrued expenses

3,516,453

3,688,416

95

2. Other accruals and deferred income

2,832,176

2,980,663

95

I. NON-CURRENT LIABILITIES HELD FOR SALE AND DISCONTINUED OPERATIONS

0

0

 

J. OFF BALANCE SHEET ASSETS

104,373,152

197,323,606

53

 
 
 
 
 
 
I AGREE

Our website uses cookies for better user experience

By continuing to browse our website you agree to our use of cookies which helps us provide you with a good user experience on our website. We use Google Analytics for our own analytical purposes and it installs cookies for this purpose (delete GA cookies). More about cookies.