The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
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<strong>The</strong> <strong>Group</strong> <strong>KD</strong> <strong>Group</strong> Annual Report 2009<br />
Notes to Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2009<br />
Total borrowings include borrowings which are collateralised with pledged assets <strong>and</strong> guarantees in the amount of EUR<br />
93,138,121 (2008 EUR 86,673,238). Bank borrowings are collateralised by the pledged property of the <strong>Group</strong> (Note 7).<br />
<strong>The</strong> effective interest rates on borrowings were as follows:<br />
2009 2008<br />
Non-current borrowings 2.33% – 3.77% 5.23% – 5.99%<br />
Current borrowings 2.02% – 7.00% 4.45% –7.63%<br />
18. Insurance contracts liabilities<br />
Insurance liabilities <strong>and</strong> reinsurance assets<br />
(in EUR) 31.12.2009 31.12.2008<br />
Insurance contracts<br />
Property insurance contracts <strong>and</strong> health insurance contracts – gross:<br />
- claims reported <strong>and</strong> loss adjustment expenses 66,135,589 68,641,921<br />
- claims incurred but not reported 75,255,446 61,752,371<br />
- unearned premiums 66,068,628 67,247,245<br />
- provisions for bonuses, rebates <strong>and</strong> lapses 333,937 194,834<br />
- mathematical provisions (for health insurance) 145,177 169,446<br />
- other technical provisions (unexpired risk provisions included) 3,424,248 4,718,116<br />
211,363,025 202,723,933<br />
Life insurance contracts – gross<br />
- claims reported <strong>and</strong> loss adjustment expenses 2,705,468 2,317,863<br />
- claims incurred but not reported 3,482,512 2,829,771<br />
- unearned premiums 875,448 2,722,850<br />
- provisions for bonuses, rebates <strong>and</strong> lapses 126,971 11,100<br />
- mathematical provisions (for life insurance) 1,412,912 132,816<br />
- other technical provisions (unexpired risk provisions included) 1,459 6,888<br />
8,604,770 8,021,288<br />
Long-term insurance contracts<br />
- with DPF 76,130,189 66,935,728<br />
- without fixed terms – unit-linked 140,108,844 79,308,743<br />
216,239,033 146,244,471<br />
Total insurance liabilities, gross 436,206,828 356,989,692<br />
Receivables from reinsurers<br />
Property insurance contracts:<br />
- claims reported <strong>and</strong> loss adjustment expenses 17,251,633 15,320,171<br />
- claims incurred but not reported 1,131,099 803,147<br />
- unearned premiums 847,474 1,064,654<br />
- provisions for bonuses, rebates 813 749<br />
19,231,019 17,188,721<br />
Life insurance contracts<br />
- claims reported <strong>and</strong> loss adjustment expenses 162,746 119,552<br />
- claims incurred but not reported 1,072 256<br />
- unearned premiums 52,961 53,633<br />
216,779 173,441<br />
158
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