Annual report 2016
CONSOLIDATED BALANCE SHEET 31 December 2016
|
1 |
0 |
3 |
8 |
9 |
3 |
9 |
5 |
6 |
5 |
1 |
1 |
1 |
1 |
4 |
0 |
1 |
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
Assets
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
|
A. Intangible assets |
4,425 |
1,063 |
1,972 |
1,601 |
4,636 |
|
B. Investments |
178,125 |
69,943 |
36,822 |
77,445 |
184, 210 |
|
I. Real estate |
2,020 |
0 |
1,922 |
4 |
1,926 |
|
of which: self-occupied real estate |
2,020 |
0 |
1,922 |
4 |
1,926 |
|
II. Investments in affiliated undertakings |
0 |
-1,199 |
1,199 |
0 |
0 |
|
1. Equity investments in parent companies and subsidiaries |
0 |
-1,199 |
1,199 |
0 |
0 |
|
2. Debt securities issued by, and loans to, parent company and subsidiaries |
0 |
0 |
0 |
0 |
0 |
|
3. Equity investments in joint and associated companies |
0 |
0 |
0 |
0 |
0 |
|
4. Debt securities issued by, and loans to, joint companies |
0 |
0 |
0 |
0 |
0 |
|
III. Other investments |
176,105 |
71,142 |
33,701 |
77,441 |
182,284 |
|
1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a participating interest |
6,999 |
3,666 |
5,610 |
66 |
9,342 |
|
2. Debt securities (except II/2. and II/4.) |
95,691 |
66,993 |
28,091 |
13,584 |
108,668 |
|
3. Participation in investment pools |
0 |
0 |
0 |
0 |
0 |
|
4. Loans guaranteed by mortgages (except II/2. and II/4. and III/5.) |
71,845 |
0 |
0 |
63,058 |
63,058 |
|
5. Other loans (except II/2. and II/4. and III/4.) |
1,570 |
483 |
0 |
733 |
1,216 |
|
6. Deposits with credit institutions |
0 |
0 |
0 |
0 |
0 |
|
7. Other investments |
0 |
0 |
0 |
0 |
0 |
|
IV. Deposits with ceding undertakings |
0 |
0 |
0 |
0 |
0 |
|
V. Revaluation of investments |
0 |
0 |
0 |
0 |
0 |
|
VI. Investment valuation difference |
0 |
0 |
0 |
0 |
0 |
|
VII. Capital consolidation related to subsidiaires and associated undertakings |
0 |
0 |
0 |
0 |
0 |
|
C. A Investments for the benefit of unit-linked life assurance policyholders |
83,114 |
76,029 |
0 |
0 |
76,029 |
|
D. Debtors |
6,914 |
852 |
1,650 |
2,039 |
4,541 |
|
I. Debtors arising out of direct insurance operations |
1,133 |
546 |
1,260 |
12 |
1,818 |
|
1. Policyholders |
1,076 |
532 |
1,068 |
0 |
1,600 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
2. Claims on insurance intermediaries |
32 |
14 |
41 |
12 |
67 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
3. Other debtors arising out of direct insurance activity |
25 |
0 |
151 |
0 |
151 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
II. Debtors arising out of reinsurance operations |
3 |
2 |
4 |
0 |
6 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
III. Reinsurers’ share of the life assurance premium reserve |
0 |
0 |
0 |
0 |
0 |
|
IV. Other debtors |
5,778 |
304 |
386 |
2,027 |
2,727 |
|
of which: a) affiliated undertakings |
38 |
0 |
35 |
5 |
40 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
V. Corporate income tax receivable arising from consolidation (computed) |
0 |
0 |
0 |
0 |
0 |
|
VI. Derivates valuation difference |
0 |
0 |
0 |
0 |
0 |
|
VII. Corporate income tax receivable arising from consolidation (computed) |
0 |
0 |
0 |
0 |
0 |
|
E. Other assets |
5,850 |
499 |
3,244 |
2,862 |
6,605 |
|
1. Tangible assets (other than land and buildings), inventories |
1,725 |
181 |
885 |
1,132 |
2,198 |
|
2. Cash at bank and in hand |
4,125 |
318 |
2,359 |
1,730 |
4,407 |
|
3. Repurchased own shares |
0 |
0 |
0 |
0 |
0 |
|
4. Other |
0 |
0 |
0 |
0 |
0 |
|
F. Prepayments and accrued income |
8,727 |
6,308 |
1,376 |
505 |
8,189 |
|
1. Accrued interest and rent |
1,500 |
1,075 |
388 |
281 |
1,744 |
|
2. Deferred acquisition costs |
5,307 |
4,425 |
0 |
0 |
4,425 |
|
3. Other prepayments and accrued income |
1,920 |
808 |
988 |
224 |
2,020 |
|
Total assets |
287,155 |
154,694 |
45,064 |
84,452 |
284,210 |
|
Budapest, 10 April 2017 |
……………………………………… |
|
|
|
|
……………………………………… |
……………………………………… |
CONSOLIDATED BALANCE SHEET, 31 December 2016
|
1 |
0 |
3 |
8 |
9 |
3 |
9 |
5 |
6 |
5 |
1 |
1 |
1 |
1 |
4 |
0 |
1 |
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
Liabilities and equity
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
|
A. Capital and reserves |
33,806 |
12,619 |
12,587 |
10,123 |
35,329 |
|
I. Subscribed capital |
6,374 |
3,633 |
2,741 |
0 |
6,374 |
|
of which: repurchased participation at nominal value |
0 |
0 |
0 |
0 |
0 |
|
II. Subscribed capital no yet paid up (-) |
0 |
0 |
0 |
0 |
0 |
|
III. Capital reserve |
5,472 |
3,118 |
2,353 |
0 |
5,471 |
|
IV. Retained earnings (+/-) |
37,584 |
2,287 |
5,584 |
30,029 |
37,900 |
|
V. Restricted reserve |
705 |
237 |
632 |
0 |
869 |
|
VI. Revaluation reserve |
0 |
0 |
0 |
0 |
0 |
|
1. Reserve of revaluation |
0 |
0 |
0 |
0 |
0 |
|
2. Fair value reserve |
0 |
0 |
0 |
0 |
0 |
|
of witch: to the policyholders |
0 |
0 |
0 |
0 |
0 |
|
VII. Profit for the financial year (+/-) |
13,115 |
3,344 |
1,277 |
8,902 |
13,523 |
|
VIII. Changes in the equity of subsidiaries (+/-) |
-29,444 |
0 |
0 |
-28,808 |
-28,808 |
|
IX. Changes resulting from consolidation (+/-) |
0 |
0 |
0 |
0 |
0 |
|
– from differential of debt consolidation |
0 |
0 |
0 |
0 |
0 |
|
– from differential of interim profits |
0 |
0 |
0 |
0 |
0 |
|
X. Participation of external members (other owners) |
0 |
0 |
0 |
0 |
0 |
|
B. Subordinated liabilities |
68 |
0 |
0 |
68 |
68 |
|
B/1. Differential of debt consolidation in subsidiaries |
68 |
0 |
0 |
68 |
68 |
|
C. Technical provisions |
82,854 |
58,356 |
28,172 |
0 |
86,528 |
|
1. Provision for unearned premiums [a) + b)] |
4,716 |
65 |
5,389 |
0 |
5,454 |
|
a) gross amount |
4,760 |
103 |
5,418 |
0 |
5,521 |
|
b) reinsurance amount (-) |
44 |
38 |
29 |
0 |
67 |
|
2. Actuarial provisions |
60,125 |
54,044 |
7,368 |
0 |
61,412 |
|
a) life assurance premium provision [aa)+ab)] |
52,823 |
54,044 |
0 |
0 |
54,044 |
|
aa) gross amount |
52,823 |
54,044 |
0 |
0 |
54,044 |
|
of which: reinsurance amount |
0 |
0 |
0 |
0 |
0 |
|
ab). reinsurance amount (risk insurance) (-) |
0 |
0 |
0 |
0 |
0 |
|
b) health insurance premium provisions (1+ |
0 |
0 |
0 |
0 |
0 |
|
ba). gross amount |
0 |
0 |
0 |
0 |
0 |
|
bb). reinsurance amount |
0 |
0 |
0 |
0 |
0 |
|
c) accident insurance annuity provision |
12 |
0 |
11 |
0 |
11 |
|
ca). gross amount |
12 |
0 |
11 |
0 |
11 |
|
cb). reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
d) liability insurance annuity provision (1+2) |
7,290 |
0 |
7,357 |
0 |
7,357 |
|
da). gross amount |
7,816 |
0 |
7,764 |
0 |
7,764 |
|
db) reinsurance amount (-) |
526 |
0 |
407 |
0 |
407 |
|
3. Claims outstanding [a)+b)] |
17,487 |
3,933 |
15,112 |
0 |
19,045 |
|
a) case-by-case provisions [aa)+ab)] |
12,143 |
3,463 |
9,514 |
0 |
12,977 |
|
aa) gross amount |
12,653 |
3,477 |
9,869 |
0 |
13,346 |
|
ab) reinsurance amount (-) |
510 |
14 |
355 |
0 |
369 |
|
b) IBNR |
5,344 |
470 |
5,598 |
0 |
6,068 |
|
ba) gross amount |
5,369 |
481 |
5,622 |
0 |
6,103 |
|
bb) reinsurance amount (-) |
25 |
11 |
24 |
0 |
35 |
|
4. Profit-dependent and profit-independent premium reimbursement provisions [a)+b)] |
47 |
6 |
44 |
0 |
50 |
|
a) Profit-dependent |
34 |
0 |
35 |
0 |
35 |
|
aa) gross amount |
34 |
0 |
35 |
0 |
35 |
|
ab) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
b) profit-independent |
13 |
6 |
9 |
0 |
15 |
|
ba) gross amount |
13 |
6 |
9 |
0 |
15 |
|
bb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
5. Equalisation provision |
115 |
0 |
115 |
0 |
115 |
|
6. Other technical provisions [a)+b)+c)] |
364 |
308 |
144 |
0 |
452 |
|
a) Large claim provisions |
21 |
0 |
21 |
0 |
21 |
|
b) Cancellation provisions [ba)+bb)] |
152 |
138 |
123 |
0 |
261 |
|
ba) gross amount |
165 |
146 |
143 |
0 |
289 |
|
bb) reinsurance amount (-) |
-13 |
8 |
20 |
0 |
28 |
|
c) other technical provision [ca)+cb)] |
191 |
170 |
0 |
0 |
170 |
|
ca) gross amount |
191 |
170 |
0 |
0 |
170 |
|
cb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
D. Technical provisions for unit-linked life assurance policyholders (1+2) |
83,114 |
76,029 |
0 |
0 |
76,029 |
|
a) gross amount |
83,114 |
76,029 |
0 |
0 |
76,029 |
|
b) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
E. Specific provisions |
765 |
732 |
0 |
121 |
853 |
|
1. Provisions for contingent liabilities |
679 |
631 |
0 |
121 |
752 |
|
2. Provisions for future expenses |
86 |
101 |
0 |
0 |
101 |
|
3. Other provisions |
0 |
0 |
0 |
0 |
0 |
|
F. Deposits received from reinsurers |
0 |
0 |
0 |
0 |
0 |
|
G. Creditors |
81,578 |
2,529 |
3,112 |
73,042 |
78,683 |
|
I. Creditors arising out of direct insurance operations |
2,814 |
168 |
2,554 |
0 |
2,722 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
II. Creditors arising out of reinsurance operations |
239 |
21 |
189 |
0 |
210 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
III. Creditors arising out of bond issues |
0 |
0 |
0 |
0 |
0 |
|
of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
IV. Credits |
72,485 |
0 |
0 |
63,750 |
63,750 |
|
of which: a) affiliated undertakings |
72,485 |
0 |
0 |
63,750 |
63,750 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
V. Other creditors |
6,040 |
2,340 |
369 |
9,292 |
12,001 |
|
of which: a) affiliated undertakings |
101 |
1 |
5 |
0 |
6 |
|
b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
|
c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
|
VI. Creditors valuation difference |
0 |
0 |
0 |
0 |
0 |
|
VII. Derivates valuation difference |
0 |
0 |
0 |
0 |
0 |
|
VIII: Corporate income tax liability resulting from consolidation (computed) |
0 |
0 |
0 |
0 |
0 |
|
H. Accruals and deferred income |
4,970 |
4,429 |
1,193 |
1,098 |
6,720 |
|
1. Accrued income |
1 |
0 |
0 |
1 |
1 |
|
2. Accrued costs and expenditure |
4,969 |
4,429 |
1,193 |
1,097 |
6,719 |
|
3. Deferred income |
0 |
0 |
0 |
0 |
0 |
|
Total liabilities and equity |
287,155 |
154,694 |
45,064 |
84,452 |
284,210 |
|
Budapest, 10 April 2017 |
……………………………………… |
|
|
|
|
……………………………………… |
……………………………………… |
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31 December 2016
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year, total |
Current year, total |
|
A) Non-life insurance business |
a |
b |
|
01. Earned premiums, net of reinsurance |
48,931 |
53,470 |
|
a) gross premiums written |
51,399 |
56,140 |
|
b) outward reinsurance premiums (-) |
1,857 |
1,925 |
|
c) change in the gross provision for unearned premiums (+/-) |
618 |
751 |
|
d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
-7 |
-6 |
|
02. Profit from investments to be returned to policyholders (same as C/06.) |
0 |
0 |
|
03. Other technical income |
181 |
262 |
|
04. Claims incurred |
21,761 |
23,939 |
|
a) claims paid and claim settlement expenses |
22,691 |
22,733 |
|
aa) claim payments |
20,143 |
20,360 |
|
1. gross amount |
20,518 |
20,742 |
|
2. reinsurers’ share (-) |
375 |
382 |
|
ab) claim settlement expenses |
2,795 |
2,703 |
|
ac) income from claim recovery and claim settlement expense reimbursement (-) |
247 |
330 |
|
b) changes in the provision for claims outstanding (+/-) (case-by-case, IBNR) |
-930 |
1,206 |
|
ba) case by case |
-1,911 |
447 |
|
1) gross amount |
-1,880 |
349 |
|
2) reinsurers’ share (-) |
31 |
-98 |
|
bb) IBNR |
981 |
759 |
|
1) gross amount |
981 |
783 |
|
2) reinsurers’ share (-) |
0 |
24 |
|
05. Changes in actuarial provisions (+/-) |
-404 |
66 |
|
a) changes in the health insurance premium provision (+/-) |
0 |
0 |
|
aa) gross amount |
0 |
0 |
|
ab) reinsurers’ share (-) |
0 |
0 |
|
b) changes in the accident insurance annuity provision (+/-) |
0 |
-1 |
|
ba) gross amount |
0 |
-1 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
c) changes in the liability insurance annuity provisions (+/-) |
-404 |
67 |
|
ca) gross amount |
-627 |
-52 |
|
cb) reinsurers’ share (-) |
-223 |
-119 |
|
06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) |
-2 |
-1 |
|
a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
|
aa) gross amount |
0 |
0 |
|
ab) reinsurers’ share (-) |
0 |
0 |
|
b) profit-independent premium reimbursement provisions (+/-) |
0 |
3 |
|
ba) gross amount |
0 |
3 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
07. Changes in the equalisation provision (+/-) |
0 |
0 |
|
08. Changes in other technical provisions (+/-) |
-16 |
12 |
|
a) large claim provisions |
0 |
0 |
|
b) cancellation provisions |
-16 |
12 |
|
ba) gross amount |
-6 |
19 |
|
bb) reinsurers’ share (-) |
-10 |
7 |
|
c) changes in other technical provisions |
0 |
0 |
|
ca) gross amount |
0 |
0 |
|
cb) reinsurers’ share (-) |
0 |
0 |
|
09. Net operating expenses |
15,799 |
17,488 |
|
a) acquisition costs incurred in the financial year |
10,054 |
11,460 |
|
b) change in deferred acquisition costs (+/-) |
0 |
0 |
|
c) administrative expenses (except investment costs) |
5,749 |
6,030 |
|
d) reinsurance commissions and profit participation (-) |
4 |
2 |
|
10. Other technical charges |
4,431 |
4,675 |
|
A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) |
7,543 |
7,553 |
|
Description |
Previous year, total |
Current year, total |
|
B) Life assurance business |
a |
b |
|
01. Earned premiums, net of reinsurance |
39,122 |
38,902 |
|
a) gross premiums written |
39,526 |
39,129 |
|
b) outward reinsurance premiums (-) |
412 |
233 |
|
c) change in the provision for unearned premiums (+/-) |
-8 |
10 |
|
d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
0 |
-16 |
|
02. Technical income from investments |
3,367 |
2,927 |
|
a) income from participating interests |
120 |
0 |
|
of which: derived from affiliated undertakings |
0 |
0 |
|
b) income from other investments |
3,107 |
2,958 |
|
of which: derived from affiliated undertakings |
0 |
0 |
|
ba) income from tangible assets related to the insurance portfolio, |
0 |
0 |
|
bb) interest received and interest type income |
3,106 |
2,958 |
|
c) gains on the realisation of investments, other investment income |
140 |
-31 |
|
d) allocated investment return transferred from life assurance (same as C/05.) (-) |
0 |
0 |
|
03. Unrealised gains on investments |
9,659 |
8,409 |
|
of which valuation difference |
0 |
0 |
|
04. Other technical income |
94 |
71 |
|
05. Claims incurred |
35,131 |
34,004 |
|
a) claims paid and claim settlement expenses |
35,229 |
33,652 |
|
aa) claims paid |
35,014 |
33,409 |
|
1. gross amount |
35,125 |
33,574 |
|
2. reinsurers’ share (-) |
112 |
165 |
|
ab) claim settlement expenses |
263 |
260 |
|
ac) income from claim recoveries and claim settlement expense reimbursement (-) |
47 |
17 |
|
b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) |
-98 |
352 |
|
ba) case by case |
-340 |
386 |
|
1) gross amount |
-339 |
344 |
|
2) reinsurers’ share (-) |
1 |
-42 |
|
Description |
Previous year, total |
Current year, total |
|
Life assurance business |
a |
b |
|
bb) IBNR |
242 |
-34 |
|
1) gross amount |
267 |
-48 |
|
2) reinsurers’ share (-) |
-25 |
14 |
|
06. Change in actuarial provisions (+/-) |
-2,288 |
1,222 |
|
a) change in the life assurance premium provision (+/-) |
-2,288 |
1,222 |
|
aa) gross amount |
-2,288 |
1,222 |
|
ab) reinsurers’ share (risk insurance) (-) |
0 |
0 |
|
b) change in the health insurance premium provision (+/-) |
0 |
0 |
|
ba) gross amount |
0 |
0 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
c) change in the accident insurance annuity provision (+/-) |
0 |
0 |
|
ca) gross amount |
0 |
0 |
|
cb) reinsurers’ share (-) |
0 |
0 |
|
07. Change in the profit-dependent and profit-independent premium reimbursement provision (+/-) |
0 |
3 |
|
a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
|
aa) gross amount |
0 |
0 |
|
ab) reinsurers’ share (-) |
0 |
0 |
|
b) profit-independent premium reimbursement provisions (+/-) |
-3 |
0 |
|
ba) gross amount |
-3 |
0 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
08. Change in the equalisation provision (+/-) |
0 |
0 |
|
09. Change in other technical provisions (+/-) |
-8 |
75 |
|
a) large claim provisions (+/-) |
0 |
0 |
|
b) change in cancellation technical provisions (+/-) |
17 |
97 |
|
ba) gross amount |
17 |
105 |
|
bb) reinsurers’ share (-) |
0 |
8 |
|
c) changes in other technical provisions (-) |
-25 |
-22 |
|
ca) gross amount |
-25 |
-22 |
|
cb) reinsurers’ share (-) |
0 |
0 |
|
10. Change in UL technical provisions (+/-) |
-4,186 |
-7,085 |
|
a) gross amount |
-4,186 |
-7,085 |
|
b) reinsurers’ share (-) |
0 |
0 |
|
11. Net operating expenses |
10,836 |
11,025 |
|
a) acquisition costs incurred in the financial year |
6,272 |
6,566 |
|
b) change in deferred acquisition costs (+/-) |
1,126 |
883 |
|
c) administrative expenses (except investment costs) |
3,438 |
3,581 |
|
d) reinsurance commissions and profit participation (-) |
0 |
5 |
|
12. Technical expenditure arising from investments |
347 |
189 |
|
a) operating and maintenance charges on investments, including interests paid and interest type expenditure |
29 |
-137 |
|
b) value adjustment on investments, value re-adjustments on investments (+/-) |
0 |
0 |
|
c) losses on the realisation of investments, other investment expenditure |
318 |
326 |
|
13. Unrealised losses on investments |
7,131 |
5,125 |
|
of witch: valuation difference |
||
|
14. Other technical charges |
1,110 |
1,063 |
|
B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) |
4,169 |
4,688 |
|
Description |
Previous year, total |
Current year, total |
|
|
a |
b |
|
C) Non-technical accounts |
2,152 |
1,896 |
|
01. Dividends and profit sharing received |
4 |
12 |
|
of which: derived from affiliated undertakings |
4 |
12 |
|
of which: revaluation difference |
0 |
0 |
|
02. Interest received and interest type incomes |
5,693 |
4,697 |
|
of which: derived from affiliated undertakings |
0 |
0 |
|
03. Income from tangible assets related to the insurance portfolio |
222 |
300 |
|
04. Gains on the realisation of investments, other investment income |
7,040 |
14,476 |
|
05. Allocated investment return transferred from life assurance (same as B/02/d)) |
0 |
0 |
|
06. Profit from investment to be returned to policyholders (-) (same as A/02.) |
0 |
0 |
|
07. Operating and maintenance charges on investments, including interest paid and interest type expenditure |
2,514 |
2,035 |
|
of which: revaluation difference |
0 |
0 |
|
08. Value adjustments and re-adjustments on investments (+/-) |
94 |
94 |
|
09. Losses on the realisation of investments, other investment expenditure |
8,566 |
15,101 |
|
10. Other income |
32,268 |
23,309 |
|
10/A Consolidation differential resulting from debt consolidation and increasing the profit |
0 |
0 |
|
11. Other expenditure |
31,901 |
23,668 |
|
11/A Consolidation differential resulting from debt consolidation and decreasing the profit |
0 |
0 |
|
D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) |
13,864 |
14,137 |
|
12. Extraordinary income |
0 |
0 |
|
13. Extraordinary expenditure |
0 |
0 |
|
14. Extraordinary profit (12-13) |
0 |
0 |
|
E) PROFIT BEFORE TAXATION (+/-D+/-14) |
13,864 |
14,137 |
|
15. Tax liability |
749 |
614 |
|
15/A Corporate income tax differential resulting from consolidation |
0 |
0 |
|
F) NET PROFIT (+/-E-15) |
13,115 |
13,523 |
|
Budapest, 10 April 2017 |
……………………………………… |
|
|
|
|
……………………………………… |
……………………………………… |