4. Consolidated Income Statements of Technical Account

4.1 Consolidated Income Statement for Life Insurance, Rent and Supplementary Pension Insurance

		in EUR
	2011	2010	Index
I. PREMIUM EARNED	113,521,390	115,562,892	98
1. Gross premium earned	113,582,082	115,179,323	99
2. Change of unearned premium	-60,692	383,569
II. INCOME FROM INVESTMENTS	41,958,827	46,704,029	90
1. Income from dividends	254,432	261,211	97
1.1 Dividends from subsidiaries	0	0
1.2 Dividends from associated companies	0	0
1.3 Dividends from others	254,432	261,211	97
2. Income from other investments	37,543,604	38,058,997	99
2.1 Income from land and buildings	123,527	79,720	155
2.2 Interest income	32,378,254	32,270,387	100
2.3 Other income from investments	5,041,823	5,708,890	88
2.3.1 Financial income from revaluation	3,697,486	5,716,107	65
2.3.2 Other financial income	1,344,337	-7,217
3. Income from investment value adjustments	0	0
4. Gains from disposal of investments	4,160,791	8,383,821	50
III. OTHER INCOME FROM INSURANCE	611,354	734,387	83
IV. EXPENSES FROM CLAIMS	87,990,115	84,994,470	104
1. Claims expenses	88,818,318	85,248,464	104
2. Change in provisions from claims	-828,203	-253,994	326
V. CHANGE IN OTHER TECHNICAL PROVISIONS (+/-)	10,409,288	39,807,301	26
1. Change in mathematical provision (+/-)	10,409,288	39,807,301	26
1.1 Change in mathematical provisions without share in profit(+/-)	5,049,913	32,852,214	15
1.2 Change in mathematical provision from share in profit (+/-)	5,359,375	6,955,087	77
2. Change in other technical provisions(+/-)	0	0
VI. EXPENSES FOR BONUSES AND DISCOUNTS	1,792	736	243
VII. EXPENSES INCLUDED IN POLICIES	17,754,236	15,858,501	112
1. Entry fees	2,850,514	1,413,359	202
2. Incasso, administrative expenses	14,871,510	14,445,142	103
3. Costs of claims settlement	32,212	0
VII. a) NET OPERATING EXPENSES	16,022,804	14,916,233	107
1. Cost of contract aquisition	9,073,905	8,094,328	112
2. Change in deferred costs of contract aquisition (+/-)	0	0
3. Other operating expenses	6,997,447	6,847,099	102
3.1 Amortisation and depreciation of assets, needed for operations	266,590	450,591	59
3.2 Labour costs	3,427,991	3,241,218	106
- salaries	2,455,099	2,253,362	109
- costs of social and pension insurance	562,454	563,567	100
- other labour costs	410,438	424,289	97
3.3 Costs of services provided by outsourced netural persons other than Sole Traders together with pertaining taxes	49,539	69,057	72
3.4 Other operating expenses	3,253,327	3,086,233	105
4. INCOME FROM REINSURANCE COMMISSIONS AND FROM PARTICIPATION IN THE POSITIVE TECHNICAL RESULT FROM REINSURANCE CONTRACTS (-)	-48,548	-25,194	193
VIII. INVESTMENT EXPENSES	27,372,058	8,510,291	322
1. Depreciation of assets, not neccessary for operations	36,961	22,657	163
2. Expenses for asset management, interest expenses and othe financial expenses	1,592,645	1,790,975	89
3. Financial expenses from revaluation	17,109,652	4,616,285	371
4. Losses from disposal of financial investments	8,632,800	2,080,374	415
IX. OTHER NET INSURANCE EXPENSES	1,221,023	1,193,379	102
X. Profit /Loss from life assurance (I. + II. + III. - IV. - V. - VI. - VII. - VIII. - IX.)	11,343,059	12,636,630	90
X.a) Profit /Loss from life assurance(I. + II. + III. - IV. - V. - VI. - VII.A - VIII. - IX.)	13,074,491	13,578,898	96

Documents

4.1 Consolidated Income Statement for Life Insurance, Rent and Supplementary Pension Insurance (XLS / 27.00 kB)

Financial statements

4. Consolidated Income Statements of Technical Account

4.1 Consolidated Income Statement for Life Insurance, Rent and Supplementary Pension Insurance

Documents