Financial Statements

Profit and Loss Account


EUR 1,000

Group

2017

Group

2016

Parent Company

2017

Parent Company

2016

Note

Technical Account

     
 

Premiums written

     
  

Premiums written

166,687

207,062

166,687

207,062

1

  

Reinsurers’ share

-960

-1,181

-960

-1,181

 
   

165,728

205,881

165,728

205,881

 
 

Investment income

60,737

79,649

63,277

81,724

3, 4

 

Revaluations on investments

49,813

56,280

49,813

56,280

3, 4

 

Claims incurred

     
  

Claims paid

-104,438

-90,651

-104,438

-90,651

2

  

Reinsurers’ share

219

350

219

350

 
  

Change in the provision for outstanding claims

-3,252

-11,502

-3,252

-11,502

 
 

Claims incurred in total

-107,471

-101,803

-107,471

-101,803

 
 

Change in the provision for unearned premiums

     
  

Total change in the provision for unearned premiums

-96,099

-170,619

-96,099

-170,619

 
   

-96,099

-170,619

-96,099

-170,619

 
 

Net operating expenses

-14,806

-14,046

-14,806

-14,046

5

 

Investment charges

-33,919

-44,554

-34,110

-43,325

3, 4

 

Revaluation adjustments on investments

-8,278

-2,900

-8,278

-2,900

3, 4

 

Balance on technical account

15,704

7,888

18,054

11,192

 

Non-Technical Account

     
 

Other income

     
  

Income from investment services operations

4,751

2,910

   
  

Other

3

3

3

3

 
   

4,753

2,913

3

3

 
 

Other charges

     
  

Expenses from investment services operations

-4,231

-2,120

   
  

Depreciation on goodwill

-241

-241

-241

-241

 
  

Other

 

-2

 

-2

 
   

-4,472

-2,363

-241

-242

 

Profit on ordinary activities

15,986

8,438

17,816

10,953

 
 

Appropriations

     
  

Change in depreciation difference

  

-17

16

 
 

Tax on profit

     
  

Tax for the financial year

-3,042

-1,931

-3,042

-1,931

 
  

Tax from previous periods

699

-38

699

-38

 
  

Deferred tax

199

1,294

   
   

-2,145

-676

-2,344

-1,969

 
 

Minority interests

1

-10

   
        
 

Profit for the financial year

13,842

7,753

15,455

9,000