Annual report 2019
BALANCE SHEET, 31 December 2019
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
|
A. Intangible assets |
5,006 |
705 |
6,093 |
223 |
7,021 |
|
B. Investments |
127,394 |
84,910 |
50,595 |
0 |
135,505 |
|
I. Real estate |
1,877 |
0 |
1,828 |
0 |
1,828 |
|
of which: self-occupied real estate |
1,877 |
0 |
1,828 |
0 |
1,828 |
|
II. Investments in affiliated undertakings |
6,346 |
2 |
6,035 |
0 |
6,037 |
|
1. Equity investments in parent companies and subsidiaries |
4,851 |
2 |
5,331 |
0 |
5,333 |
|
2. Debt securities issued by, and loans to, parent company and subsidiaries |
1,495 |
0 |
704 |
0 |
704 |
|
3. Equity investments in joint companies |
0 |
0 |
0 |
0 |
0 |
|
4. Debt securities issued by, and loans to, joint companies |
0 |
0 |
0 |
0 |
0 |
|
III. Other investments |
119,171 |
84,908 |
42,732 |
0 |
127,640 |
|
1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a significant participating interest |
19,182 |
5,812 |
13,721 |
0 |
19,533 |
|
2. Debt securities (except II/2. and II/4.) |
99,547 |
78,712 |
29,011 |
0 |
107,723 |
|
3. Participation in investment pools |
0 |
0 |
0 |
0 |
0 |
|
4. Loans guaranteed by mortgages (except II/2. and II/4. and III/5.) |
0 |
0 |
0 |
0 |
0 |
|
5. Other loans (except II/2. and II/4. and III/4.) |
442 |
384 |
0 |
0 |
384 |
|
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 |
|
C. Investments for the benefit of unit-linked life insurance policyholders |
66,695 |
69,889 |
0 |
0 |
69,889 |
|
D. Debtors |
5,023 |
2,167 |
3,684 |
0 |
5,851 |
|
I. Debtors arising out of direct insurance operations |
2,736 |
643 |
2,819 |
0 |
3,462 |
|
1. Policyholders |
2,439 |
636 |
2,104 |
0 |
2,740 |
|
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/p> |
0 |
0 |
0 |
0 |
0 |
|
2. Claims on insurance intermediaries |
130 |
7 |
168 |
0 |
175 |
|
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 |
167 |
0 |
547 |
0 |
547 |
|
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 |
65 |
6 |
128 |
0 |
134 |
|
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 reserve |
0 |
0 |
0 |
0 |
0 |
|
IV. Other debtors |
2,222 |
1,518 |
737 |
0 |
2,255 |
|
of which: a) affiliated undertakings |
857 |
0 |
397 |
0 |
397 |
|
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. Debtors valuation difference |
0 |
0 |
0 |
0 |
0 |
|
VI. Derivatives valuation difference |
0 |
0 |
0 |
0 |
0 |
|
E. Other assets |
6,727 |
2,503 |
5,557 |
1 |
8,061 |
|
1. Tangible assets (other than land and buildings), inventories |
1390.4 |
257 |
1,692 |
1 |
1,950 |
|
2. Cash at bank and in hand |
5,337 |
2,246 |
3,865 |
0 |
6,111 |
|
3. Repurchased own shares |
0 |
0 |
0 |
0 |
0 |
|
4. Other |
0 |
0 |
0 |
0 |
0 |
|
F. Prepayments and accrued income |
7,116 |
5,303 |
1,994 |
0 |
7,297 |
|
1. Accrued interest and rent |
1,020 |
768 |
162 |
0 |
930 |
|
2. Deferred acquisition costs |
3,449 |
4,044 |
0 |
0 |
4,044 |
|
3. Other prepayments and accrued income |
2,647 |
491 |
1,832 |
0 |
2,323 |
|
Total assets |
217,961 |
165,477 |
67,923 |
224 |
233,624 |
|
Budapest, 30 April 2020 |
……………………………………… |
|
|
|
|
……………………………………… |
……………………………………… |
BALANCE SHEET, 31 December 2019
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
|
A. Capital and reserves |
32,217 |
12,774 |
21,413 |
224 |
34,411 |
|
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 not yet paid up (-) |
0 |
0 |
0 |
0 |
0 |
|
III. Capital reserve |
5,472 |
3,119 |
2,353 |
0 |
5,472 |
|
IV. Retained earnings (+/-) |
7,638 |
1,154 |
6,169 |
197 |
7,520 |
|
V. Restricted reserve |
784 |
300 |
551 |
0 |
851 |
|
VI. Revaluation reserve |
0 |
0 |
0 |
0 |
0 |
|
1. Reserve of revaluation |
0 |
0 |
0 |
0 |
0 |
|
2. Reserve of fair value |
0 |
0 |
0 |
0 |
0 |
|
Of which: to the policyholders |
0 |
0 |
0 |
0 |
0 |
|
VII. Net Profit |
11,949 |
4,568 |
9,599 |
27 |
14,194 |
|
B. Subordinated liabilities |
0 |
0 |
0 |
0 |
0 |
|
C. Technical provisions |
103,048 |
73,543 |
38,291 |
0 |
111,834 |
|
1. Provision for unearned premiums [a) + b)] |
9,676 |
136 |
11,175 |
0 |
11,311 |
|
a) gross amount |
9,802 |
180 |
11,285 |
0 |
11,465 |
|
b) reinsurance amount (-) |
126 |
44 |
110 |
0 |
154 |
|
2. Actuarial provisions |
69,234 |
68,070 |
7,161 |
0 |
75,231 |
|
a) life assurance premium provision [aa)+ab)] |
62,142 |
68,070 |
0 |
0 |
68,070 |
|
aa). gross amount |
62,142 |
68,070 |
0 |
0 |
68,070 |
|
of which: reinsurance amount |
0 |
0 |
0 |
0 |
0 |
|
ab). reinsurance amount (risk insurance) (-) |
0 |
0 |
0 |
0 |
0 |
|
b) health insurance premium provisions [ba)+bb)] |
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 |
9 |
0 |
9 |
0 |
9 |
|
ca). gross amount |
9 |
0 |
9 |
0 |
9 |
|
cb). reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
d) liability insurance annuity provision [da)+db)] |
7,083 |
0 |
7,152 |
0 |
7,152 |
|
da). gross amount |
7,368 |
0 |
7,486 |
0 |
7,486 |
|
db). reinsurance amount (-) |
285 |
0 |
334 |
0 |
334 |
|
3. Claims outstanding [a)+b)] |
23,245 |
4,820 |
19,533 |
0 |
24,353 |
|
a) case by case [aa)+ab)] |
16,707 |
4,300 |
12,837 |
0 |
17,137 |
|
aa) gross amount |
17,289 |
4,319 |
13,988 |
0 |
18,307 |
|
ab) reinsurance amount (-) |
582 |
19 |
1,151 |
0 |
1,170 |
|
b) IBNR provision [ba)+bb)] |
6,538 |
520 |
6,696 |
0 |
7,216 |
|
ba) gross amount |
6,557 |
531 |
6,718 |
0 |
7,249 |
|
bb) reinsurance amount (-) |
19 |
11 |
22 |
0 |
33 |
|
4. Premium reimbursement provisions [a)+b)] |
59 |
49 |
44 |
0 |
93 |
|
a) Profit-dependent [aa)+ab)] |
35 |
0 |
35 |
0 |
35 |
|
aa) gross amount |
35 |
0 |
35 |
0 |
35 |
|
ab) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
b) Profit-independent [ba)+bb)] |
24 |
49 |
9 |
0 |
58 |
|
ba) gross amount |
24 |
49 |
9 |
0 |
58 |
|
bb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
5. Equalisation provision |
115 |
0 |
115 |
0 |
115 |
|
6. Other provisions [a)+b)+c)] |
719 |
468 |
263 |
0 |
731 |
|
a) Large claims provisions |
21 |
0 |
21 |
0 |
21 |
|
b) Cancellation provisions [ba)+bb)] |
563 |
347 |
242 |
0 |
589 |
|
ba) gross amount |
609 |
379 |
245 |
0 |
624 |
|
bb) reinsurance amount (-) |
46 |
32 |
3 |
0 |
35 |
|
c) Other technical provisions [ca)+cb)] |
135 |
121 |
0 |
0 |
121 |
|
ca) gross amount |
135 |
121 |
0 |
0 |
121 |
|
cb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
D. Technical provisions for unit-linked life assurance policyholders (1+2) |
66,695 |
69,889 |
0 |
0 |
69,889 |
|
1) gross amount |
66,695 |
69,889 |
0 |
0 |
69,889 |
|
2) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
|
E. Specific provisions |
1,058 |
830 |
476 |
0 |
1,306 |
|
1. Provisions for contingent liabilities |
957 |
725 |
476 |
0 |
1,201 |
|
2. Provisions for future expenses |
101 |
105 |
0 |
0 |
105 |
|
3. Other provisions |
0 |
0 |
0 |
0 |
0 |
|
F. Deposits received from reinsurers |
0 |
0 |
0 |
0 |
0 |
|
G. Creditors |
7,950 |
3,663 |
5,870 |
0 |
9,533 |
|
I. Creditors arising out of direct insurance operations |
3,577 |
768 |
4,361 |
0 |
5,129 |
|
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 |
362 |
39 |
344 |
0 |
383 |
|
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 |
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 |
|
V. Other creditors |
4,011 |
2,856 |
1,165 |
0 |
4,021 |
|
of which: a) affiliated undertakings |
1,057 |
621 |
424 |
0 |
1,045 |
|
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. Derivatives valuation difference |
0 |
0 |
0 |
0 |
0 |
|
H. Accruals and deferred income |
6,993 |
4,778 |
1,873 |
0 |
6,651 |
|
1. Accrued income |
1 |
2 |
0 |
0 |
2 |
|
2. Accrued costs and expenditure |
6,962 |
4,752 |
1,873 |
0 |
6,625 |
|
3. Deferred income |
30 |
24 |
0 |
0 |
24 |
|
Total liabilities and equity |
217,961 |
165,477 |
67,923 |
224 |
233,624 |
|
Budapest, 30 April 2020 |
……………………………………… |
|
|
|
|
……………………………………… |
……………………………………… |
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31 December 2019
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year, total |
Current year, total |
|
A) Non-life insurance business |
a |
b |
|
A) Non-life insurance business |
a |
b |
|
01. Earned premiums, net of reinsurance |
69,294 |
81,066 |
|
a) gross premiums written |
74,239 |
85,540 |
|
b) outward reinsurance premiums (-) |
2,270 |
2,651 |
|
c) change in the gross provision for unearned premiums (+/-) |
2532 |
1,900 |
|
d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
143 |
-77 |
|
02. Profit from investments to be returned to policyholders (same as C/06.) |
0 |
0 |
|
03. Other technical income |
614 |
607 |
|
04. Claims incurred |
30,334 |
33,365 |
|
a) claims paid and claim settlement expenses |
29,358 |
33,055 |
|
aa) claim payments |
26,614 |
30,129 |
|
1. gross amount |
26,829 |
30,229 |
|
2. reinsurers’ share (-) |
215 |
100 |
|
ab) claim settlement expenses |
3,073 |
3,349 |
|
ac) income from claim recovery and claim settlement expense reimbursement (-) |
329 |
423 |
|
b) changes in the provision for claims outstanding (+/-) |
976 |
310 |
|
ba) case-by-case |
504 |
-308 |
|
1. gross amount |
398 |
269 |
|
2. reinsurers’ share (-) |
-106 |
577 |
|
bb) IBNR |
472 |
618 |
|
1. gross amount |
453 |
631 |
|
2. reinsurers’ share (-) |
-19 |
13 |
|
05. Changes in actuarial provisions (+/-) |
-288 |
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 (+/-) |
-1 |
-1 |
|
ba) gross amount |
-1 |
-1 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
c) changes in the liability insurance annuity provisions (+/-) |
-287 |
67 |
|
ca) gross amount |
-194 |
116 |
|
cb) reinsurers’ share (-) |
93 |
49 |
|
06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) |
0 |
2 |
|
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 |
2 |
|
ba) gross amount |
0 |
2 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
07. Changes in the equalisation provision (+/-) |
0 |
0 |
|
08. Changes in other technical provisions (+/-) |
36 |
53 |
|
a) large claim provisions |
0 |
0 |
|
b) cancellation provisions |
36 |
53 |
|
ba) gross amount |
38 |
35 |
|
bb) reinsurers’ share (-) |
2 |
-18 |
|
c) Changes in other technical provisions (+/-) |
0 |
0 |
|
ca) gross amount |
0 |
0 |
|
cb) reinsurers’ share (-) |
0 |
0 |
|
09. Net operating expenses |
24,774 |
28,298 |
|
a) acquisition costs incurred in the financial year |
16,462 |
18,993 |
|
b) change in deferred acquisition costs (+/-) |
0 |
0 |
|
c) administrative expenses (except investment costs) |
8,308 |
9,415 |
|
d) reinsurance commissions and profit participation (-) |
-4 |
110 |
|
10. Other technical charges |
5,773 |
10,486 |
|
A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) |
9,279 |
9,403 |
|
Description |
Previous year, total |
Current year, total |
|
B) Life assurance business |
a |
b |
|
01. Earned premiums, net of reinsurance |
40,798 |
42,772 |
|
a) gross premiums written |
41,052 |
42,954 |
|
b) outward reinsurance premiums (-) |
180 |
195 |
|
c) change in the provision for unearned premiums (+/-) |
137 |
-62 |
|
d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
-63 |
49 |
|
02. Technical income from investments |
3,048 |
3,206 |
|
a) income from participating interests |
0 |
0 |
|
of which: derived from affiliated undertakings |
0 |
0 |
|
b) income from other investments |
2,922 |
3,105 |
|
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 |
2,922 |
3,105 |
|
c) gains on the realisation of investments, other investment income |
126 |
101 |
|
d) allocated investment return transferred from life assurance (same as C/05.) (-) |
0 |
0 |
|
03. Unrealised gains on investments |
5,050 |
8,563 |
|
Of which: valuation difference |
0 |
0 |
|
04. Other technical income |
191 |
134 |
|
05. Claims incurred |
26,585 |
25,639 |
|
a) claims paid and claim settlement expenses |
26,716 |
24,800 |
|
aa) claims paid |
26,533 |
24,589 |
|
1. gross amount |
26,563 |
24,720 |
|
2. reinsurers’ share (-) |
30 |
131 |
|
ab) claim settlement expenses |
218 |
235 |
|
ac) income from claim recoveries and claim settlement expense reimbursement (-) |
35 |
24 |
|
b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) |
-131 |
839 |
|
ba) case-by-case |
-115 |
776 |
|
1. gross amount |
-136 |
788 |
|
2. reinsurers’ share (-) |
-21 |
12 |
|
bb) IBNR |
-16 |
63 |
|
1. gross amount |
-21 |
64 |
|
2. reinsurers’ share (-) |
-5 |
1 |
|
06. Change in actuarial provisions (+/-) |
5,029 |
5,928 |
|
a) change in the life assurance premium provision (+/-) |
5,029 |
5,928 |
|
aa) gross amount |
5,029 |
5,928 |
|
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 (+/-) |
6 |
33 |
|
a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
|
aa) gross amount |
0 |
0 |
|
ab) reinsurers’ share (-) |
0 |
0 |
|
b) profit-independent premium reimbursement provisions (+/-) |
6 |
33 |
|
ba) gross amount |
6 |
33 |
|
bb) reinsurers’ share (-) |
0 |
0 |
|
08. Change in the equalisation provision (+/-) |
0 |
0 |
|
09. Change in other technical provisions (+/-) |
201 |
-40 |
|
a) large claims provisions |
0 |
0 |
|
b) change in cancellation technical provisions (+/-) |
218 |
-26 |
|
ba) gross amount |
243 |
-20 |
|
bb) reinsurers’ share (-) |
25 |
6 |
|
c) change in other technical provisions (+/-) |
-17 |
-14 |
|
ca) gross amount |
-17 |
-14 |
|
cb) reinsurers’ share (-) |
0 |
0 |
|
10. Change in UL technical provisions (+/-) |
-7,347 |
3,193 |
|
a) gross amount |
-7,347 |
3,193 |
|
b) reinsurers’ share (-) |
0 |
0 |
|
11. Net operating expenses |
11,637 |
11,383 |
|
a) acquisition costs incurred in the financial year |
6,878 |
7,383 |
|
b) change in deferred acquisition costs (+/-) |
374 |
-595 |
|
c) administrative expenses (except investment costs) |
4,387 |
4,595 |
|
d) reinsurance commissions and profit participation (-) |
2 |
0 |
|
12. Technical expenditure arising from investments |
696 |
710 |
|
a) operating and maintenance charges on investments, including interests paid and interest type expenditure |
429 |
420 |
|
b) value adjustment on investments, value re-adjustments on investments (+/-) |
0 |
0 |
|
c) losses on the realisation of investments, other investment expenditure |
267 |
290 |
|
13. Unrealised losses on investments |
7,581 |
2,475 |
|
Of which: valuation difference |
0 |
0 |
|
14. Other technical charges |
1,188 |
996 |
|
B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) |
3,511 |
4,358 |
|
Description |
Previous year total |
Current year total |
|
C) Non-technical accounts |
106 |
841 |
|
01. Dividends and profit sharing received |
2,500 |
2,500 |
|
of which: derived from affiliated undertakings |
2,500 |
2,500 |
|
of which: revaluation difference |
0 |
0 |
|
02. Interest received and interest type incomes |
1,078 |
1,639 |
|
of which: derived from affiliated undertakings |
11 |
18 |
|
03. Income from tangible assets related to the insurance portfolio |
247 |
258 |
|
04. Gains on the realisation of investments, other investment income |
913 |
851 |
|
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 |
1,481 |
-441 |
|
of which: revaluation difference |
0 |
0 |
|
08. Value adjustments and re-adjustments on investments (+/-) |
1,490 |
1,007 |
|
09. Losses on the realisation of investments, other investment expenditure |
694 |
1,644 |
|
10. Other income |
2,081 |
2,432 |
|
11. Other expenditure |
3,048 |
4,629 |
|
D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) |
12,896 |
14,602 |
|
12. Extraordinary income |
0 |
0 |
|
13. Extraordinary expenditure |
0 |
0 |
|
14. Extraordinary profit (12-13) |
0 |
0 |
|
E) PROFIT BEFORE TAXATION (+/-D+/-14) |
12,896 |
14,602 |
|
15. Tax liability |
947 |
408 |
|
F) NET PROFIT (+/-E-15) |
11,949 |
14,194 |
|
Budapest, 30 April 2020 |
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