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

Documents

Consolidated balance sheet for Non-life insurance as at 31 December 2011 (XLS / 41.50 kB)

Financial statements

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

Documents