We build business networks and relationships ... - skupina kd group

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KD Holding Group Consolidated Financial Statements as at and for the year ended 31 December 2007 Consolidated income statement (in EUR) Note 2007 2006 Insurance premium revenue 305,052,580 262,823,197 Insurance premium ceded to reinsurers (10,293,797) (9,549,683) Net insurance premium revenue 22 294,758,783 253,273,514 Investment income 24 13,844,863 14,401,754 Net gains on available-for-sale financial assets 25 24,197,926 17,339,348 Impairment of available-for-sale financial assets 25 (2,596,286) (9,633,386) Net gains / (losses) on assets at fair value through profit and loss 26 21,240,218 18,425,773 Net financial income 56,686,721 40,533,489 Sales of goods and services 22 77,232,270 55,463,925 Other operating income 22 26,964,325 15,812,224 Other income 104,196,595 71,276,149 Insurance contracts benefits and claims 23 (243,398,171) (190,394,487) Insurance contracts benefits and claims, recovered from reinsurers 11,584,697 4,051,152 Net insurance contracts benefits and claims (231,813,474) (186,343,335) Raw materials and consumables used 23 (7,184,227) (5,038,503) Costs of services (84,724,041) (75,887,790) Employee benefits expense 23 (59,250,777) (50,056,653) Depreciation and amortisation expense 23 (8,215,555) (6,917,704) Other insurance expenses 23 (7,248,001) (4,567,005) Other expenses 23 (14,337,515) (6,408,821) Other costs (180,960,116) (148,876,476) 197 Operating profit 42,868,509 29,863,341 Finance costs 27 (6,552,633) (5,513,800) Share of profit of associates 10 11,141,024 4,372,830 4,588,391 (1,140,970) Profit before income tax 47,456,900 28,722,371 Income tax expense 28 (12,511,316) (7,845,602) Net profit for the year 34,945,584 20,876,769 Attributable to: Equity holders of the Company 33,059,887 18,569,269 Minority interest 1,885,697 2,307,500 34,945,584 20,876,769 Earnings per share for profit attributable to the equity holders of the Company during the year (expressed in EUR per share) - basic and diluted 29 12,38 6,95
KD Holding Group Consolidated Financial Statements as at and for the year ended 31 December 2007 Consolidated balance sheet (in EUR) Note 2007 2006 ASSETS Property, plant and equipment 7 83,867,010 71,220,402 Investment property 8 20,601,521 20,592,116 Intangible assets 9 87,896,641 87,364,290 Investments in associates 10 71,687,821 45,119,877 Financial assets: - at fair value through profit or loss 11 176,025,625 115,622,983 - held to maturity 11 7,590,164 6,987,877 - available for sale 11 317,214,328 256,141,399 500,830,117 378,752,259 Loans and other receivables 12 135,690,971 132,080,595 Reinsurance contracts 18 11,004,824 8,631,597 Deferred income tax assets 21 - 1,463,913 Income tax receivable 2,870,170 1,765,148 Inventories 13 12,200,210 8,120,189 Cash and cash equivalents 14 29,398,117 20,309,729 Total assets 956,047,402 775,420,115 198 EQUITY Capital and reserves attributable to equity holders of the Company Share capital 15 198,758,114 198,758,114 Other reserves 16 54,078,273 24,371,950 Retained earnings 16 76,416,444 52,739,049 329,252,831 275,869,113 Minority interest 11,011,536 6,936,747 Total equity 340,264,367 282,805,860 LIABILITIES Insurance contracts 18 368,921,813 295,190,504 Investment contracts 15,604,274 13,791,387 Financial liabilities 17 164,250,682 117,749,922 Derivative financial instruments 19 6,312,735 - Trade and other payables 20 50,869,018 54,020,158 Income tax liability 7,296,627 11,862,284 Deferred income tax liabilities 21 2,527,886 - Total liabilities 615,783,035 492,614,255 Total equity and liabilities 956,047,402 775,420,115
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“With extended pictures and image
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Contents Company profile Important
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Company profile Parent company: KD
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Sales of financial services Last ye
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When we gathered together at the fi
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Management Team 14 Janez Bojc, Depu
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16 Aljoša Tomaž, Assistant to the
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18 Matija Šenk, President of the M
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KD Holding Group key divisions Inve
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Companies in the KD Holding Group b
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24 Piran saltpans, Slovenia
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26 Ljubljanica River, Slovenia
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2005 Establishment of the first spe
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30 Key events in 2007 January The o
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November KD Investments in Slovenia
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34 Old city centre, Ljubljana, Slov
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1. Poslovno poročilo Skupine KD Ho
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1.1 Strategic orientations of the K
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Continuing along the same path in 2
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Share price movement There were 3,2
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Ownership structure The largest sha
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1.3 Corporate governance report Res
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Alojz Penko Alojz Penko was first a
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The members of the Management Board
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7. AUDITING AND THE SYSTEM OF INTER
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Highlights from the income statemen
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Sales revenue Sales revenue 8 amoun
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Operating expenses Operating expens
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Net profit by business segment in 2
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Financing Due to the high growth in
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1.5 Risk Management 64 The Manageme
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66 Parameters defining the insuranc
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68 Bratislava, Slovakia
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70 Croatian Istria - portrait
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1.6 Human resource management At th
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Employee educational structure More
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Number and educational structure of
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78 Kalemegdan - Belgrade, Serbia
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80 Belgrade, Serbia
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1.7 Corporate communications Intern
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1.8 Information support using the s
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to Fondpolica investment funds with
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88 Belgrade, Serbia
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cultural institutions and with indi
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The main focus at Adriatic Slovenic
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Corporate social responsibility in
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Kalemegdan - Belgrade, Serbia 97
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Slovenija - solinar Fisherman, isla
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Celica Hostel, Ljubljana, Slovenia
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2. Operations of the companies with
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In asset management business, our i
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2. 1 Asset management The Group’s
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Challenges in 2008: Maintaining our
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Slovenia KD Investments, družba za
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KD Rastko - an equity mutual fund A
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second half of the year, prices beg
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The structure of the portfolio, com
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Croatia KD Investments d. o. o., Za
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KD Adria Bond, - a bond mutual fund
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Slovakia KD Investments, správ. sp
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Bratislava, Slovakia 127
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Romania SAI KD Investments Romania,
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KD Multifond - a fund of funds At t
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Bulgaria KD Investments EAD, Sofia
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KD Equity Bulgaria - an equity mutu
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Serbia KD Investments, a. d., Belgr
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Slovenia KD BPD, borznoposredniška
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We successfully responded to Sloven
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Bulgaria KD Securities EAD, Sofia N
Page 146 and 147: Our insurance activities embody the
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Page 150 and 151: Structure of insurance within KD Ho
Page 152 and 153: Structure of health insurance premi
Page 154 and 155: was above average in terms of reput
Page 156 and 157: In 2007 Adriatic Slovenica’s work
Page 158 and 159: Structure of KD Življenje premiums
Page 160 and 161: Romania KD Life Asigurari S. A., Bu
Page 162 and 163: Slovakia KD LIFE, Insurance company
Page 164 and 165: Eastern Orthodox priest, Macedonia
Page 166 and 167: Do you think it is possible to comb
Page 168 and 169: Operations in 2007 To increase sale
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Page 172 and 173: But we also build literally: we hav
Page 174 and 175: Investment strategy The amount inve
Page 176 and 177: Closed-end Investment fund BIG d. d
Page 178 and 179: Challenges in 2008: The company’s
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Page 182 and 183: Challenges in 2008: To obtain the r
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Page 186 and 187: A selection of the most important a
Page 188 and 189: The company designed, developed and
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Page 192 and 193: KD Holding Group Consolidated Finan
Page 202 and 203: KD Holding Group Notes to Consolida
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KD Holding Group Notes to Consolida
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KD Holding Group Consolidated Finan
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