5.2 Reporting by geographical area

Consolidated statement of financial position by geographical area for the year 2011

          in EUR
  Slovenia Other TOTAL (before eliminations) Eliminations TOTAL (after eliminations)
ASSETS 3.015.049.209 376.519.936 3.391.569.145 -429.569.041 2.962.000.104
Intangible assets 50,731,242 11,453,980 62,185,222 1,148,243 63,333,465
Property, plant and equipment 86,280,649 42,528,033 128,808,682 0 128,808,682
Deferred tax receivables 38,475,326 2,185,917 40,661,243 0 40,661,243
Investment property 64,166,737 21,639,005 85,805,742 10,979,148 96,784,890
Investments in subsidiaries 336,061,478 7,851,509 343,912,987 -323,408,424 20,504,563
Investments in associates 2,125,551,370 200,472,450 2,326,023,820 0 2,326,023,820
Financial assets 1,770,552,792 190,786,654 1,961,339,446 0 1,961,339,446
Financial investments 370,997,749 68,714,498 439,712,247 0 439,712,247
  - loans and deposits 211,599,458 33,618,823 245,218,281 0 245,218,281
  - held to maturity 1,117,989,900 74,875,825 1,192,865,725 0 1,192,865,725
  - available for sale 69,965,684 13,577,507 83,543,191 0 83,543,191
  - investments recognised at fair value 354,998,578 9,685,796 364,684,374 0 364,684,374
Unit-linked insurance assets 81,923,035 18,663,286 100,586,321 -56,603,238 43,983,083
Reinsurers’ share of technical provisions 213,401,379 53,183,785 266,585,164 -61,535,894 205,049,270
Receivables 84,628,155 36,148,916 120,777,071 -2,217,748 118,559,323
  - receivables from direct insurance operations 64,234,278 5,298,781 69,533,059 -28,793,585 40,739,474
  - receivables from reinsurance and co-insurance
operations		 435,24 24,269 459,509 0 459,509
  - current tax receivables 64,103,706 11,711,819 75,815,525 -30,524,561 45,290,964
  - other receivables 6,665,824 6,080,258 12,746,082 -148,876 12,597,206
Other assets 10,309,954 12,461,713 22,771,667 0 22,771,667
Cash and cash equivalents 1,482,215 0 1,482,215 0 1,482,215
Non-current assets held for sale 50,731,242 11,453,980 62,185,222 1,148,243 63,333,465
EQUITY AND LIABILITIES 3,015,049,209 376,519,936 3,391,569,145 -429,569,040 2,962,000,104
Equity 690,276,727 79,883,688 770,160,415 -280,690,577 489,469,838
Controlling interests 690,276,727 79,883,688 770,160,415 -304,895,482 465,264,933
  - share capital 250,215,863 82,004,005 332,219,868 -258,518,466 73,701,402
  - share premium 72,118,328 1,762,969 73,881,297 -20,677,221 53,204,076
  - reserves from profit 216,767,136 18,185,172 234,952,308 -4,125,488 230,826,820
  - fair value reserve 21,168,811 -1,811,862 19,356,949 -16,569,974 2,786,975
  - net profit brought forward 76,434,327 -15,741,759 60,692,568 442,652 61,135,220
  - net profit/loss for the year 53,572,262 -1,811,211 51,761,051 -5,585,319 46,175,732
  - currency translation differences 0 -2,703,626 -2,703,626 138,334 -2,565,292
Non-controlling interests 0 0 0 24,204,905 24,204,905
Subordinated liabilities 42,432,090 1,363,938 43,796,028 -2,863,938 40,932,090
Insurance technical provisions 1,705,835,686 220,569,620 1,926,405,306 -56,758,425 1,869,646,881
  - unearned premium 246,082,775 63,739,458 309,822,233 -18,081,835 291,740,398
  - mathematical provisions 806,053,274 39,411,660 845,464,934 0 845,464,934
  - claims provisions 629,969,034 114,171,806 744,140,840 -38,676,590 705,464,250
  - other insurance technical provisions 23,730,603 3,246,696 26,977,299 0 26,977,299
Insurance technical provisions for unit-linked insurance contracts 354,900,127 9,595,764 364,495,891 0 364,495,891
Employee benefits 9,037,774 1,354,391 10,392,165 0 10,392,165
Other provisions 11,314,516 7,825,706 19,140,222 0 19,140,222
Deferred tax liabilities 9,447,240 166,347 9,613,587 0 9,613,587
Other financial liabilities 54,801,866 30,705,750 85,507,616 -46,016,496 39,491,120
Operating liabilities 74,957,364 12,893,254 87,850,618 -29,989,876 57,860,742
  - liabilities from direct insurance operations 15,803,708 5,750,642 21,554,350 -626,289 20,928,061
  - liabilities from reinsurance and co-insurance operations 58,628,262 6,841,354 65,469,616 -29,363,587 36,106,029
  - current tax liabilities 525,394 301,258 826,652 0 826,652
Other liabilities 62,045,819 12,161,478 74,207,297 -13,249,728 60,957,569
 

Documents

 
 
 

Consolidated statement of financial position by geographical area for the year 2010  

      in EUR
  Slovenia Other TOTAL (before eliminations) Eliminations TOTAL (after eliminations)
ASSETS 2,959,464,036 342,770,403 3,302,234,439 -277,838,631 3,024,395,808
  48,473,062 10,409,686 58,882,748 2,335,360 61,218,108
Property, plant and equipment 95,927,127 46,623,532 142,550,660 1 142,550,661
Deferred tax receivables 25,660,183 1,884,845 27,545,028 0 27,545,028
Investment property 56,600,108 16,677,001 73,277,109 10,979,150 84,256,259
Investments in subsidiaries 174,663,984 167,967 174,831,951 -174,831,951 0
Investments in associates 97,597,167 0 97,597,167 19,470,572 117,067,739
Financial assets 2,135,353,233 172,386,251 2,307,739,484 -25,289,974 2,282,449,510
Financial investments 1,765,043,238 164,803,985 1,929,847,223 -25,289,974 1,904,557,249
  - loans and deposits 324,231,220 66,003,356 390,234,576 -25,289,973 364,944,602
  - held to maturity 234,345,596 19,232,985 253,578,582 0 253,578,582
  - available for sale 1,130,200,741 64,820,293 1,195,021,035 0 1,195,021,035
  - investments recognised at fair value 76,265,680 14,747,351 91,013,031 0 91,013,031
Unit-linked insurance assets 370,309,995 7,582,266 377,892,261 0 377,892,261
Reinsurers’ share of technical provisions 83,619,943 18,617,986 102,237,930 -58,016,614 44,221,316
Receivables 217,103,390 51,866,604 268,969,994 -52,326,034 216,643,960
  - receivables from direct insurance operations 85,179,544 41,628,726 126,808,269 1,184,679 127,992,948
  - receivables from reinsurance and co-insurance operations 78,462,393 1,849,249 80,311,642 -34,879,635 45,432,007
  - current tax receivables 0 2,427 2,427 0 2,427
  - other receivables 53,461,454 8,386,203 61,847,656 -18,631,078 43,216,578
Other assets 7,598,631 5,510,207 13,108,838 -159,142 12,949,696
Cash and cash equivalents 15,481,766 18,626,324 34,108,090 0 34,108,090
Non-current assets held for sale 1,385,441 0 1,385,441 0 1,385,441
EQUITY AND LIABILITIES 2,959,464,036 342,770,403 3,302,234,439 -277,838,631 3,024,395,808
Equity 584,220,336 67,578,091 651,798,427 -152,820,619 498,977,808
Controlling interests 584,220,336 65,942,113 650,162,450 -179,397,414 470,765,036
  - share capital 111,594,955 69,819,541 181,414,496 -157,713,105 23,701,391
  - share premium 67,339,398 2,201,354 69,540,752 -15,885,236 53,655,516
  - reserves from profit 56,634,268 16,839,063 73,473,332 -4,055,351 69,417,981
  - fair value reserve 51,449,286 490,096 51,939,382 -6,418,537 45,520,845
  - net profit brought forward 285,920,585 -10,494,693 275,425,891 -6,272,220 269,153,671
  - net profit/loss for the year 11,281,845 -10,746,388 535,458 10,777,835 11,313,293
  - currency translation differences 0 -2,166,860 -2,166,860 169,199 -1,997,661
Non-controlling interests 0 1,635,978 1,635,978 26,576,794 28,212,772
Subordinated liabilities 42,432,090 1,365,532 43,797,622 -2,865,532 40,932,090
Insurance technical provisions 1,727,856,225 224,993,216 1,952,849,441 -58,016,615 1,894,832,826
  - unearned premium 244,595,553 66,237,342 310,832,894 -14,465,443 296,367,451
  - mathematical provisions 814,805,488 35,042,287 849,847,775 0 849,847,775
  - claims provisions 634,829,595 120,449,893 755,279,488 -43,551,171 711,728,317
  - other insurance technical provisions 33,625,589 3,263,694 36,889,284 -1 36,889,283
Insurance technical provisions for unit-linked insurance contracts 368,298,956 7,784,107 376,083,063 0 376,083,063
Employee benefits 8,620,626 1,657,451 10,278,077 0 10,278,077
Other provisions 10,600,148 7,197,248 17,797,395 0 17,797,395
Deferred tax liabilities 16,632,751 178,968 16,811,719 -2,700,880 14,110,839
Other financial liabilities 47,624,635 9,720,939 57,345,574 -22,475,149 34,870,425
Operating liabilities 93,842,632 9,820,090 103,662,723 -35,613,312 68,049,411
  - liabilities from direct insurance operations 18,087,071 5,546,802 23,633,873 -390,769 23,243,104
  - liabilities from reinsurance and co-insurance operations 59,092,497 4,058,858 63,151,355 -35,222,543 27,928,812
  - current tax liabilities 16,663,064 214,431 16,877,495 0 16,877,495
Other liabilities 59,335,638 12,474,760 71,810,398 -3,346,524 68,463,874
 

Documents

 
 
 

 Consolidated income statement by geographical area for the year 2011 and 2010

  in EUR
   2011  2010
  TOTAL Slovenia Other TOTAL Slovenia Other
NET PREMIUM INCOME 916,278,896 758,449,927 157,828,969 946,170,224 785,497,019 160,673,205
- gross written premium 989,398,804 816,330,978 173,067,826 1,013,560,225 836,565,987 176,994,238
- ceded written premium -80,087,864 -62,575,390 -17,512,474 -74,371,737 -57,207,348 -17,164,389
- change in unearned premiums 6,967,956 4,694,339 2,273,617 6,981,736 6,138,380 843,356
TOTAL INCOME FROM FINANCIAL ASSETS 148,981,933 134,165,135 14,816,798 181,533,362 166,793,188 14,740,174
INCOME FROM FINANCIAL ASSETS IN ASSOCIATES 4,269,157 4,269,157 0 6,332,162 6,332,155 7
- profit on equity investments accounted for using the equity method 4,265,615 4,265,615 0 3,525,434 3,525,434 0
- drugi prihodki od finančnih sredstev v povezanih družbah 3,542 3,542 0 2,806,728 2,806,721 7
INCOME FROM OTHER FINANCIAL ASSETS 118,961,870 105,047,057 13,914,813 132,682,857 118,472,214 14,210,643
NET UNREALISED GAINS ON UNIT-LINKED LIFE INSURANCE ASSETS 25,750,906 24,848,921 901,985 42,518,343 41,988,819 529,524
OTHER INCOME FROM INSURNCE OPERATIONS 26,441,506 19,216,379 7,225,127 22,433,024 16,944,604 5,488,420
- fees and commission income 17,402,868 15,839,413 1,563,455 14,633,234 12,866,874 1,766,360
- other income from insurance operations 9,038,638 3,376,966 5,661,672 7,799,790 4,077,730 3,722,060
OTHER INCOME 57,156,897 49,512,450 7,644,447 61,561,494 54,304,621 7,256,873
NET CLAIMS INCURRED 576,117,033 492,922,581 83,194,452 557,704,906 459,480,752 98,224,154
- gross claims settled 593,872,215 500,889,938 92,982,277 588,325,459 495,735,070 92,590,389
- reinsurers’ and co-insurers’ share -22,450,576 -18,400,675 -4,049,901 -30,148,316 -26,622,790 -3,525,526
- changes in claims provisions -1,961,843 3,776,081 -5,737,924 -6,334,129 -15,493,421 9,159,292
- equalisation scheme expenses for supplementary health insurance 6,657,237 6,657,237 0 5,861,892 5,861,892 0
CHANGE IN OTHER INSURANCE TECHNICAL PROVISIONS -2,909,572 -8,078,044 5,168,472 62,450,614 58,197,454 4,253,160
CHANGE IN INSURANCE TECHNICAL PROVISIONS FOR UNIT-LINKED INSURANCE CONTRACTS -11,402,162 -13,398,829 1,996,667 66,351,880 63,677,795 2,674,085
EXPENSES FOR BONUSES AND DISCOUNTS 6,458,995 5,319,138 1,139,857 5,735,228 5,309,382 425,846
OPERATING EXPENSES 203,308,320 145,854,419 57,453,901 208,135,976 152,806,242 55,329,734
- costs of insurance contract acquisition 130,633,390 97,374,714 33,258,676 132,463,862 100,277,835 32,186,027
- other operating costs 72,674,930 48,479,705 24,195,225 75,672,114 52,528,407 23,143,707
EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES 202,010,429 196,935,445 5,074,984 121,554,254 116,899,414 4,654,840
EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES IN ASSOCIATES 19,175,570 19,175,570 0 4,683,649 4,678,078 5,571
- loss on investments accounted for using the equity method 16,977,661 16,977,661 0 1,504,027 1,504,027 0
- other expenses from financial assets and liabilities in associates 2,197,909 2,197,909 0 3,179,622 3,174,051 5,571
EXPENSES FROM OTHER FINANCIAL ASSETS AND LIABILITIES 107,035,830 103,170,143 3,865,687 88,273,022 83,976,746 4,296,276
- permanent impairments 62,861,127 61,938,686 922,441 48,664,399 47,587,135 1,077,264
- other expenses from financial assets and liabilities 33,971,434 32,969,318 1,002,116 39,608,623 36,389,610 3,219,013
NET UNREALISED LOSSES ON UNIT-LINKED LIFE INSURANCE ASSETS 75,799,029 74,589,732 1,209,297 28,597,583 28,244,590 352,993
OTHER INSURANCE EXPENSES  55,953,030 36,125,402 19,827,628 61,439,998 42,168,579 19,271,419
OTHER EXPENSES 61,323,544 52,924,727 8,398,817 85,074,981 76,744,996 8,329,985
PROFIT/ LOSS BEFORE TAX 57,999,615 52,739,052 5,260,563 43,250,267 48,254,818 -5,004,551
Income tax expense -10,502,374 -9,914,476 -587,898 -16,600,458 -16,531,576 -68,882
NET PROFIT/LOSS 47,497,241 42,824,576 4,672,665 26,649,809 31,723,242 -5,073,433
 

Documents

 
 
 
Consolidated income statement by segment as at 31 December 2010 Notes to the Statement of Financial Position
 
 
 
 
 
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