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
2.2 Consolidated financial statements
2.2.1 Assets and liabilities according to expected maturity
(in EUR) 31.12.2009 31.12.2008
Non current assets
Financial assets 196,487,576 173,221,477
Reinsurance contracts 4,603,946 5,085,554
Insurance receivables and other receivables 10,207,953 19,036,827
Other non current assets 188,573,505 214,316,570
399,872,980 411,660,428
Current assets
Financial assets 143,107,973 155,394,457
Reinsurance contracts 14,845,062 12,277,149
Insurance receivables and other receivables 47,673,657 50,811,300
Other current assets 96,248,250 86,261,854
301,874,942 304,744,760
Unit-linked investments of policyholders 146,036,822 78,607,121
Total assets 847,784,744 795,012,309
(in EUR) 31.12.2009 31.12.2008
Non current liabilities
Insurance contracts 150,387,932 136,122,771
Investment contracts 17,654,644 16,272,396
Financial liabilities 112,433,921 109,225,022
Insurance liabilities and other liabilities 712,890 623,677
281,189,387 262,243,866
Current liabilities
Insurance contracts 145,710,052 141,558,178
Investment contracts 48,610 57,768
Financial liabilities 82,271,608 72,332,881
Insurance liabilities and other liabilities 30,797,545 33,003,864
Other current liabilities 16,053,679 12,561,624
274,881,494 259,514,315
Unit-linked liabilities of policyholders 140,108,844 79,308,743
Total liabilities 696,179,725 601,066,924
2.2.2 Subsidiaries
Subsidiaries are those companies for which the Company and its subsidiaries hold, directly or indirectly, more than one half of
voting rights. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated
from the date on which control of the Company ceases.
The cost method of accounting is used to account for the acquisition of subsidiaries by measuring the acquisition value of the
investment first. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and
liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition.
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