The Group KD Group and KD Group dd

The Group KD Group Annual Report 2009
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2009
6. Segment reporting
The Group’s main activities, i.e. business segments, are the following:
- Property insurance
- Life insurance
- Health insurance
- Financial operations (asset management and other financial operations)
- Banking
- Other (real estate/immoveable property, publishing, etc.)
As at 31 December 2009, the Group operated in Slovenia and the following other countries: Bosnia and Herzegovina,
Bulgaria, Croatia, Cyprus, Netherlands, Slovakia, Romania, Serbia, Ukraine, Uzbekistan and United States.
6.1. Primary reporting format – business segments
6.1.1 Performance by business segment
The segment results for the year ended 31 December 2009 are as follows:
(in EUR) 2009
Property
insurance Life insurance
Health
insurance
Financial
operations Banking Other Group
Total gross segment
sales 143,882,060 99,053,668 100,150,423 11,672,110 1,384,704 8,108,462 364,251,427
Inter-segment sales (1,146,097) (8,978,712) - (290,641) (698,467) (537,010) (11,650,927)
Sales 142,735,963 90,074,956 100,150,423 11,381,469 686,237 7,571,452 352,600,500
Interest income 6,061,771 4,518,695 907,032 1,797,346 893,823 73,063 14,251,730
Operating profit/segment
result 3,747,551 (8,363,340) 4,792,700 (13,852,708) (3,678,134) (1,078,554) (18,432,485)
Finance costs – net 10,177 (1,949,083) (1,146) (7,245,351) (275,565) (102,946) (9,563,914)
Share of profit of
associates - - - (23,426,946) - - (23,426,946)
Profit before income tax 3,757,728 (10,312,423) 4,791,554 (44,525,005) (3,953,699) (1,181,500) (51,423,345)
Income tax expense (1,577,759) (116,929) (983,534) 9,528,853 535,654 (186,378) 7,199,907
Profit or loss for the
year 2,179,969 (10,429,352) 3,808,020 (34,996,152) (3,418,045) (1,367,878) (44,223,438)
In Finance costs – net are included also net foreign exchange differences.
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