Accounting-SavaRe-Group-a

(EUR)

Notes

31/12/2018

31/12/2017

ASSETS

1,705,947,263

1,708,348,067

Intangible assets

1

37,121,118

22,712,944

Property, plant and equipment

2

42,893,432

45,438,014

Deferred tax assets

3

1,950,245

2,107,564

Investment property

4

20,643,019

15,364,184

Financial investments in associates

5

462,974

0

Financial investments:

6

1,008,097,470

1,038,125,019

- loans and deposits

33,542,347

28,029,543

- held to maturity

77,122,037

106,232,327

- available for sale

885,017,410

897,645,279

- at fair value through profit or loss

12,415,676

6,217,870

Funds for the benefit of policyholders who bear the investment risk

7

204,818,504

227,228,053

Reinsurers’ share of technical provisions

8

27,292,750

30,787,241

Investment contract assets

9

135,586,965

129,622,131

Receivables

10

140,550,011

138,455,525

Receivables arising out of primary insurance business

126,533,761

124,324,547

Receivables arising out of co-insurance and reinsurance business

5,835,798

6,197,717

Current tax assets

169,727

17,822

Other receivables

8,010,725

7,915,439

Deferred acquisition costs

11

19,759,234

18,507,194

Other assets

12

2,064,220

2,043,395

Cash and cash equivalents

13

64,657,431

37,956,119

Non-current assets held for sale

14

49,890

684

EQUITY AND LIABILITIES

1,705,947,263

1,708,348,067

Equity

340,175,455

316,116,895

Share capital

15

71,856,376

Capital reserves

16

43,035,948

Profit reserves

17

183,606,914

162,548,076

Own shares

18

-24,938,709

Fair value reserve

19

11,613,059

18,331,697

Reserve due to fair value revaluation

836,745

667,518

Retained earnings

20

35,140,493

33,093,591

Net profit or loss for the period

20

21,843,940

14,557,220

Translation reserve

-3,368,928

-3,353,304

Equity attributable to owners of the controlling company

339,625,838

315,798,413

Non-controlling interest in equity

21

549,617

318,482

Technical provisions

22

920,491,487

931,398,362

Unearned premiums

184,101,835

171,857,259

Technical provisions for life insurance business

254,849,366

271,409,915

Provision for outstanding claims

470,057,561

479,072,582

Other technical provisions

11,482,725

9,058,606

Technical provision for the benefit of life insurance policyholders who bear the investment risk

22

210,032,637

226,527,893

Other provisions

23

7,730,247

7,600,613

Deferred tax liabilities

3

3,529,235

5,781,494

Investment contract liabilities

9

135,441,508

129,483,034

Other financial liabilities

24

243,095

245,205

Liabilities from operating activities

25

54,736,601

60,598,188

Liabilities from primary insurance business

44,278,514

54,711,289

Liabilities from reinsurance and co-insurance business

6,176,032

5,160,183

Current income tax liabilities

4,282,055

726,716

Other liabilities

26

33,566,998

30,596,383

Financial Statements

Sava Re Group

Consolidated statement of financial position