<strong>The</strong> <strong>Group</strong> <strong>KD</strong> <strong>Group</strong> Annual Report 2009 Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2009 Consolidated statement of comprehensive income (in EUR) 1. 1. - 30. 12. 2009 1. 1. - 31. 12. 2008 Profit for the year (44,223,438) (77,003,983) Other comprehensive income Net (loss)/gain on available for sale financial assets 7,572,878 (68,011,703) Changes of revaluation reserves - associates 559,924 (288,334) Income tax effect (1,655,662) 12,046,306 6,477,140 (56,253,731) Net movement of cash flow hedges 70,715 (317,425) Income tax (14,140) 70,139 56,575 (247,286) Exchange differences on translation of foreign operations (74,229) (2,919,677) Other comprehensive income for the year, net of tax 6,459,486 (59,420,694) Total comprehensive income for the year, net of tax (37,763,952) (136,424,677) Total comprehensive income for the year, net of tax attributable to: - equity holders of the parent (38,000,854) (136,397,326) - non-controlling interests 236,902 (27,351) Total (37,763,952) (136,424,677) <strong>The</strong> notes are an integral part of these consolidated financial statements. 74
<strong>The</strong> <strong>Group</strong> <strong>KD</strong> <strong>Group</strong> Annual Report 2009 Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2009 Consolidated balance sheet (in EUR) Note 31.12.2009 31.12.2008 restated 31.12.2007 restated ASSETS Property, plant <strong>and</strong> equipment 7 35,125,412 36,303,670 83,867,010 Investment property 8 29,813,540 28,707,587 20,601,521 Intangible assets 9 71,325,802 68,228,028 87,896,641 Investments in associates 10 52,308,751 81,077,285 71,687,821 Financial assets: - loans <strong>and</strong> other receivables 11 90,335,200 96,742,037 56,598,625 - credits to banks 4,896,696 - - - credits to non-banking clients 14,110,082 - - - other loans <strong>and</strong> receivables 71,328,422 96,742,037 56,598,625 - at fair value through profit or loss 11 36,695,860 33,692,752 59,425,329 - held to maturity 11 16,461,698 7,844,709 7,590,164 - available for sale 11 177,308,048 173,911,332 305,845,228 Derivative financial instruments 1.146.675 - - 321,947,481 312,190,830 429,459,346 Unit-linked investments of policyholders 146,036,822 78,607,121 115,158,176 Reinsurance assets 18 19,449,008 17,362,703 11,004,824 Investment contracts 17,648,068 16,425,104 15,669,491 Deferred tax asset 21 29,682,588 20,427,164 - Income tax receivable 490,870 7,260,081 3,102,335 Inventories 13 13,443,059 13,932,808 12,200,210 Insurance receivables <strong>and</strong> other receivables 12 57,881,610 69,848,127 67,615,294 Deferred acquisition costs 12 8,103,645 11,566,010 8,248,809 Deferred expenses <strong>and</strong> accrued revenues 12 3,798,016 2,221,991 2,075,776 Cash <strong>and</strong> cash equivalents 14 40,730,072 31,305,192 27,692,313 Total assets 847,784,744 795,463,701 956,279,567 EQUITY Capital <strong>and</strong> reserves attributable to equity holders of the company Share capital 15 98,215,757 98,215,757 98,215,757 Capital reserves 15 60,471,037 104,395,312 104,395,312 Profit reserves 16 4,048,103 4,048,103 17,850,609 Treasury shares 15 (3,852,955) (3,852,955) (3,852,955) Revaluation reserve 16 785,639 (5,101,077) 54,078,273 Retained earnings 16 (10,591,492) (10,295,314) 56,867,744 149,076,089 187,409,826 327,554,740 Minority interest 2,528,930 4,837,468 11,011,536 Total equity 151,605,019 192,247,294 338,566,276 LIABILITIES Insurance contract liabilities 18 296,097,984 279,766,288 258,028,873 Investment contract liabilities 18 17,703,254 16,394,308 15,668,418 Unit-linked liabilities of policyholders 18 140,108,844 79,308,743 112,978,279 Financial liabilities 17 194,705,529 181,557,903 164,250,682 - time deposit 15,530,894 - - - other financial liabilities 179,174,635 181,557,903 164,250,682 Derivative financial instruments 19 1,426,656 350,696 6,312,734 Other provisions <strong>and</strong> long-term accruals 20 2,607,327 2,862,590 4,582,141 Income tax liability 1,528,147 350,717 7,296,627 Deferred tax liability 21 1,418,370 - 2,308,659 Dividends Payable 20 686,098 1,435,220 360,202 Insurance payables <strong>and</strong> other payables 20 31,510,435 33,627,541 38,705,893 Accrued expenses <strong>and</strong> deferred income 20 8,387,081 7,562,401 7,220,783 Total liabilities 696,179,725 603,216,407 617,713,291 Total equity <strong>and</strong> liabilities 847,784,744 795,463,701 956,279,567 <strong>The</strong> notes are an integral part of these consolidated financial statements. 75
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