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
2008
(in EUR) Gross Reinsurance Net
Long-term insurance contracts with DPF
- death, maturity and surrender benefits 7,104,737 183,737 7,288,474
- increase of liabilities - - -
Long-term insurance contracts without fixed terms (unit-linked)
- death, maturity and surrender benefits 3,547,698 - 3,547,698
- increase of liabilities (33,625,570) - (33,625,570)
Net mathematical provisions – insurance contracts with DPF
- death, maturity and surrender benefits 760,388 - 760,388
- increase of liabilities (4,390,624) - (4,390,624)
Property insurance and health insurance
- claims and loss adjustment expenses 175,157,414 (12,356,648) 162,800,766
- increase of liabilities 20,460,490 - 20,460,490
Total cost of policyholder benefits, claims and loss 169,014,533 (12,172,911) 156,841,622
23.2. Expenses by nature (excluding insurance contract benefits [net] and claims)
(in EUR) 2009 2008
Cost of services 68,689,724 75,690,259
Labour costs
Wages and salaries 43,817,255 48,271,640
Cost of Salaries - pension insurance 4,103,843 4,242,131
Cost of Salaries - social insurance 3,182,529 4,218,087
Other costs of employees 6,259,155 6,960,509
Other long-term and post-employment benefits 214,040 713,301
57,576,822 64,405,668
Total 126,266,546 140,095,927
Number of employees 1,860 1,984
Iinsurance acquisition costs of EUR 22,179,325 are included in the costs of services (in 2008: EUR 17,897,626).
23.3. Other expenses
(in EUR) 2009 2008
Raw materials and consumables used 4,345,613 6,713,694
Depreciation, amortisation and impairment 6,073,487 7,923,372
Other insurance expenses 3,457,514 9,551,654
Other expenses 19,780,439 33,085,695
Total 33,657,053 57,274,415
Impairment of goodwill recognised in 2009 in the amount of EUR 5,904,886 is included in other expenses (in 2008: EUR
25,722,755).
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