The Group KD Group and KD Group dd

The KD Group Annual Report 2009
Highlights from the income statement
INCOME STATEMENT (in EUR thousand) 2009 2008
Index
2009 / 2008
Operating revenue 367,869 391,619 94
Net revenue from insurance premiums 330,130 321,283 103
Net revenue from sales of goods and services 11,621 23,623 49
Commission income 10,849 14,411 75
Other operating revenue 15,268 32,303 47
Net finance income* 45,098 (87,267) -
Operating expenses (431,399) (354,212) 122
Cost of services (68,690) (75,690) 91
Labour costs (57,577) (64,406) 89
Net benefits and claims paid (271,476) (156,842) 170
Other operating expenses (37,762) (57,274) 66
Operating profit or loss (18,432) (49,859) 37
Finance costs (9,564) (8,023) 119
Share of profit/loss of associate (23,427) (27,407) 85
Income tax 7,200 8,286 87
Net profit or loss for the year ** (44,223) (77,004) 57
* The share of profits of associates is not included. Commission income is shown in a separate line.
** Includes the portion of net profit for the financial year attributed to minority owners.
Highlights from the balance sheet
BALANCE SHEET (in EUR thousand) 31.12.2009
31.12.2008
adjusted
Index
31.12.2009 /
31.12.2008
Assets 847,785 795,464 107
Intangible and tangible fixed assets 106,451 104,532 102
Investment property 29,814 28,708 104
Financial assets and investments 374,256 393,268 95
Receivables, inventories and other 131,048 141,681 92
Unit-linked investments of policyholders and reinsurance contracts 165,486 95,970 172
Cash and cash equivalents 40,730 31,305 130
Equity and liabilities 847,785 795,464 107
Equity * 151,605 192,247 79
Liabilities arising from insurance contracts 296,098 279,766 106
Unit-linked liabilities to policyholders 140,109 79,309 177
Investment contracts 17,703 16,394 108
Financial liabilities 196,132 181,909 108
Operating and other liabilities 46,137 45,838 101
* Also includes minority interest.
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