Gothaer Allgemeine Versicherung AG Group Annual Report for ...

Consolidated Financial Statements
Equity and liabilities
€ million
Notes 2011 2010 Opening
balance
sheet
2010
A. Equity
I. Subscribed capital and capital reserves 325.6 307.6 307.6
II. Revenue reserves 628.8 598.9 557.8
III. Other reserves [15] 47.3 71.6 43.8
IV. Consolidated profit for the year attributable to
shareholders of the parent company –31.9 30.7 41.6
Total I.–IV. (Group equity) 969.8 1,008.8 950.8
V. Minority interests [16] 34.6 30.7 21.8
Total A. 1,004.4 1,039.5 972.6
B. Gross underwriting reserves
II. Unearned premiums 284.1 280.7 272.7
II. Policy reserves 50.2 50.9 51.4
III. Reserves for unpaid claims 1,766.0 1,708.1 1,727.8
IV. Other underwriting reserves 15.6 21.6 16.1
Total B. [17] 2,116.0 2,061.3 2,068.0
C. Other accruals
I. Provisions for pension benefits and similar obligations [18] 92.3 86.9 81.9
II. Other accruals [19] 57.1 59.8 58.1
Total C. 149.4 146.7 140.0
D. Liabilities
I. Long-term borrowings –1.1 –0.2 –0.1
II. Subordinate liabilities 252.5 250.0 250.0
III. Bonds and loans 65.1 65.1 65.1
IV. Liabilities from primary insurance business
1. towards policyholders 67.6 62.1 61.8
2. towards intermediaries 11.4 13.4 18.8
Total IV. 79.0 75.5 80.6
V. Other liabilities 229.4 165.4 187.7
Total D. [20] 624.9 555.8 583.3
E. Tax debts
I. for current taxation 24.2 23.3 30.2
II. for deferred taxes 222.9 239.9 317.5
Total E. [21] 247.1 263.2 347.7
Total equity and liabilities 4,141.8 4,066.5 4,111.6
Gothaer Allgemeine Group Annual Report 2011 45