X
|
(€) |
Notes |
1-12/2017 |
1-12/2016 |
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A. Cash flows from operating activities |
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|
a) |
Items of the income statement |
36 |
29,652,140 |
49,825,078 |
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|
1. |
Net premiums written in the period |
28 |
482,990,135 |
458,962,640 |
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|
2. |
Investment income (other than financial income) |
29 |
143,722 |
210,989 |
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3. |
Other operating income (excl, revaluation income and releases from provisions) and financial income from operating receivables |
21,487,720 |
24,727,042 |
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4. |
Net claims payments in the period |
31 |
-293,880,632 |
-254,626,142 |
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5. |
Expenses for bonuses and rebates |
5,848 |
-1,263,545 |
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6. |
Net operating expenses excl, depreciation/amortisation and change in deferred acquisition costs |
33 |
-151,825,973 |
-150,471,848 |
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7. |
Investment expenses (excluding amortisation and financial expenses) |
-54,102 |
-133,069 |
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8. |
Other operating expenses excl. depreciation/amortisation (other than for revaluation and excl. additions to provisions) |
34 |
-20,428,503 |
-19,829,215 |
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9. |
Tax on profit and other taxes not included in operating expenses |
35 |
-8,786,075 |
-7,751,774 |
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b) |
Changes in net operating assets (receivables for premium, other receivables, other assets and deferred tax assets/liabilities) of operating items of the income statement |
1,698,017 |
-7,642,805 |
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1. |
Change in receivables from primary insurance |
9 |
-72,983,726 |
169,946 |
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2. |
Change in receivables from reinsurance |
9 |
61,807,865 |
752,004 |
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3. |
Change in other receivables from (re)insurance business |
9 |
365,290 |
669,194 |
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4. |
Change in other receivables and other assets |
9 |
-2,880,757 |
-4,301,734 |
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5. |
Change in deferred tax assets |
3 |
218,499 |
45,794 |
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6. |
Change in inventories |
-28,879 |
4,428 |
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7. |
Change in liabilities arising out of primary insurance |
25 |
42,801,036 |
941,388 |
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8. |
Change in liabilities arising out of reinsurance business |
25 |
-31,132,515 |
-3,446,714 |
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9. |
Change in other operating liabilities |
26 |
-2,442,917 |
-4,410,572 |
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10. |
Change in other liabilities (except unearned premiums) |
26 |
6,231,258 |
493,561 |
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11. |
Change in deferred tax liabilities |
3 |
-257,137 |
1,439,900 |
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c) |
Net cash from/used in operating activities (a + b) |
31,350,157 |
42,182,273 |
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B. Cash flows from investing activities |
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a) |
Cash receipts from investing activities |
1,416,437,638 |
1,577,964,374 |
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1. |
Interest received from investing activities |
18,607,327 |
21,233,656 |
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2. |
Cash receipts from dividends and participation in the profit of others |
1,141,433 |
1,284,400 |
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3. |
Proceeds from sale of intangible assets |
0 |
5,664 |
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4. |
Proceeds from sale of property and equipment |
2,707,118 |
4,162,273 |
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5. |
Proceeds from sale of financial investments |
1,393,981,760 |
1,551,278,381 |
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b) |
Cash disbursements in investing activities |
-1,405,529,717 |
-1,563,064,826 |
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1. |
Purchase of intangible assets |
-1,177,107 |
-1,022,400 |
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2. |
Purchase of property and equipment |
-4,833,554 |
-6,895,120 |
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3. |
Purchase of long-term financial investments |
-1,399,519,056 |
-1,555,147,306 |
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c) |
Net cash from/used in investing activities (a + b) |
10,907,921 |
14,899,548 |
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C. Cash flows from financing activities |
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b) |
Cash disbursements in financing activities |
-38,241,119 |
-27,853,565 |
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1. |
Interest paid |
-718,860 |
-842,126 |
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3. |
Repayment of long-term financial liabilities |
-24,000.000 |
0 |
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4. |
Repayment of short-term financial liabilities |
-1,058,233 |
6,080 |
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5. |
Dividends and other profit participations paid |
-12,464,026 |
-12,398,157 |
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6. |
Own share repurchases |
0 |
-14,619,362 |
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c) |
Net cash from/used in financing activities (a + b) |
-38,241,119 |
-27,853,565 |
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C2. Closing balance of cash and cash equivalents |
37,956,119 |
33,939,160 |
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x) |
Net increase/decrease in cash and cash equivalents for the period (Ac + Bc + Cc) |
4,016,959 |
29,228,256 |
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y) |
Opening balance of cash and cash equivalents |
33,939,160 |
4,710,904 |
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