The Group KD Group and KD Group dd

The KD Group Annual Report 2009
Operating revenue
Structure of operating revenue
Operating revenue amounted to EUR 367.9 million in 2009, down 6percent compared to 2008. Net revenue from insurance
premiums, which represents the largest share of total operating revenues (90%), was up 3 percent from 2008 to EUR 330.1
million. Net revenue from sales of goods and services was down 51 percent in 2009 to EUR 11.6 million. The main reason
lies in the sale of the cinematography activity in September 2008, whose relevant amount of revenue was included in the
consolidated revenue. A sharp drop was also recorded in revenue from fees and commissions primarily due to the tightening
of financing conditions. Revenue from fees and commissions was down 25 percent compared to 2008 and stood at EUR
10.8 million. Other operating revenue accounts for 4 percent of total operating revenue.
Operating revenue and changes in 2009 and 2008 (in EUR thousand):
Operating income ( in EUR thousand )
450.000
400.000
350.000
300.000
250.000
200.000
150.000
100.000
50.000
0
391.619
367.869
15.268
32.303
10.849 14.411
11.621
23.623
330.130 321.283
2009 2008
Other operating
revenue
Commission revenue
Net revenue from
sales of goods and
services
Net revenue from
insurance premiums
Sales revenue
Sales revenue 18 amounted to EUR 352.6 million in 2009. The majority of revenue was earned by insurance activity (figure
below total property, life and health insurances), accounting for 95 percent of total revenue of the Group.
Structure of sales revenue by business segment in 2009 (in %):
Financial services
3%
Banking
0%
Other
2%
Health insurance
28%
Property insurance
41%
Life insurance
26%
18 Sales revenue: Net revenue from sales of goods and services + net revenue from insurance premiums + revenue from fees and commissions
35