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SI

Statement of financial position

v EUR
Sava Insurance Group
Sava Re
EUR
31 Dec 2019
31 Dec 2018
31 Dec 2019
As restated
31 Dec 2018
As restated*
1 Jan 2018
ASSETS
1,885,953,003
1,706,023,490
735,585,561
604,612,961
579,168,086
Intangible assets
61,060,069
37,121,118
1,294,110
892,724
807,011
Property, plant and equipment
47,615,710
42,893,432
2,507,611
2,654,540
2,485,645
Right-of-use assets
9,974,252
0
115,400
0
0
Deferred tax assets
2,044,124
2,026,472
1,141,098
1,943,597
1,315,053
Investment property
16,695,132
20,643,019
8,142,714
8,285,733
8,230,878
Financial investments in subsidiaries and associates
581,104
462,974
238,177,654
218,424,765
191,615,257
Financial investments:
1,064,874,239
1,008,097,470
296,096,594
244,291,434
250,781,685
- loans and deposits
53,363,639
33,542,347
32,047,969
10,107,498
12,840,885
- held to maturity
41,586,644
77,122,037
2,075,784
2,075,425
2,075,111
- available for sale
943,663,578
885,017,410
255,270,080
228,151,616
235,456,116
- at fair value through profit or loss
26,260,378
12,415,676
6,702,761
3,956,895
409,573
Assets held for the benefit of policyholders who bear the investment risk
213,159,889
204,818,504
0
0
0
Reinsurers’ share of technical provisions
38,620,539
27,292,750
31,159,308
21,437,221
20,073,571
Investment contract assets
151,197,102
135,586,965
0
0
0
Receivables
159,413,917
140,550,011
97,024,000
87,830,299
88,602,395
Receivables arising out of primary insurance business
139,954,356
126,533,761
89,537,760
82,518,635
85,167,822
Receivables arising out of co-insurance and reinsurance business
6,734,564
5,835,798
4,214,830
4,842,279
3,202,926
Current tax assets
3,002,507
169,727
2,802,044
0
0
Other receivables
9,722,490
8,010,725
469,366
469,385
231,647
Deferred acquisition costs
23,500,521
19,759,234
6,554,598
7,821,932
7,778,499
Other assets
2,841,516
2,064,220
441,253
379,264
799,634
Cash and cash equivalents
93,804,031
64,657,431
52,931,222
10,651,452
6,678,458
Non-current assets held for sale
570,858
49,890
0
0
0
EQUITY AND LIABILITIES
1,885,953,003
1,706,023,490
735,585,561
604,612,961
579,168,086
Equity
384,776,847
340,175,455
343,920,689
317,561,040
289,171,834
Share capital
71,856,376
71,856,376
71,856,376
71,856,376
71,856,376
Capital reserves
43,035,948
43,035,948
54,239,757
54,239,757
54,239,757
Profit reserves
202,170,501
183,606,914
202,818,558
184,424,862
163,491,114
Own shares
-24,938,709
-24,938,709
-24,938,709
-24,938,709
-24,938,709
Fair value reserve
20,718,610
11,613,059
5,217,524
2,697,381
3,804,764
Reserve due to fair value revaluation
924,038
836,745
21,376
40,772
13,524
Retained earnings
42,128,483
35,140,493
14,517,789
8,306,851
4,217,912
Net profit or loss for the period
31,546,718
21,843,940
20,188,017
20,933,749
16,487,096
Translation reserve
-3,168,414
-3,368,928
0
0
0
Equity attributable to owners of the controlling company
384,273,551
339,625,838
343,920,689
317,561,040
289,171,834
Non-controlling interests in equity
503,296
549,617
0
0
0
Subordinated liabilities
74,822,710
0
74,822,710
0
0
Technical provisions
933,952,709
920,491,487
261,338,591
234,173,078
232,639,163
Unearned premiums
207,895,397
184,101,835
54,588,057
47,147,505
47,602,457
Technical provisions for life insurance business
211,877,103
254,849,366
0
0
0
Provision for outstanding claims
502,914,277
470,057,561
205,064,638
185,988,628
184,269,492
Other technical provisions
11,265,932
11,482,725
1,685,896
1,036,945
767,214
Technical provision for the benefit of life insurance policyholders who bear the investment risk
220,613,698
210,032,637
0
0
0
Other provisions
8,705,469
7,730,247
466,901
376,521
351,250
Deferred tax liabilities
5,294,664
3,605,462
76,227
76,227
76,227
Investment contract liabilities
151,040,643
135,441,508
0
0
0
Other financial liabilities
355,908
243,095
87,504
87,504
91,182
Liabilities from operating activities
61,290,549
54,736,601
51,086,602
49,185,680
54,404,921
Liabilities from primary insurance business
50,356,998
44,278,514
44,373,937
44,039,129
51,160,114
Liabilities from reinsurance and co-insurance business
9,300,437
6,176,032
6,712,665
3,149,394
3,090,008
Current income tax liabilities
1,633,114
4,282,055
0
1,997,157
154,799
Lease liabilities
10,448,915
0
115,491
0
0
Other liabilities
34,650,891
33,566,998
3,670,845
3,152,911
2,433,509
The consolidated statement of financial position for 2018 has changed in the deferred tax assets and deferred tax liabilities items due to a partial reversal of previously incorrectly netted deferred tax.

* The correction of the error is presented in section 17.11.

The notes to the financial statements in sections from 17.4 to 17.10 form an integral part of these financial statements.