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

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KD Holding Group Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007 Expected cash flows of non-life insurance and health insurance present an assessment of payments for claims (which have already been incurred) including costs and the release of liability from unearned premiums and for provisions. Own assets of the Group are not intended for covering liabilities from insurance and financial contracts and this is the reason why the mean duration of assets is not presented. 257
KD Holding Group Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007 Universal life insurance contracts with DPF in 2007 (in EUR) Carrying amount No stated maturity Contractual cash flows (undiscounted) 0 - 5 years 5 - 10 years 10 - 15 years 15 - 20 years More than 20 years 258 Debt securities 47,642,410 - 32,338,119 17,979,968 6,373,613 636,406 7,848,174 At fair value through P&L 3,233,084 - 1,541,508 2,213,686 438,900 - - Listed securities 3,233,084 - 1,541,508 2,213,686 438,900 - - - fixed interest rate 2,554,872 - 1,200,479 2,053,719 - - - - floating interest rate 678,212 - 341,029 159,967 438,900 - - Available for sale 36,823,247 - 24,179,744 13,483,549 5,801,391 636,406 7,848,174 Listed securities 4,189,418 - 4,334,013 2,689,276 359,925 65,143 - - fixed interest rate 3,392,541 - 3,737,928 2,304,938 359,925 65,143 - - floating interest rate 796,877 - 596,085 384,338 - - - Government bonds 32,633,829 - 19,845,731 10,794,273 5,441,466 571,263 7,848,174 - fixed interest rate 32,633,829 - 19,845,731 10,794,273 5,441,466 571,263 7,848,174 Held to maturity 7,586,079 - 6,616,867 2,282,733 133,322 - - Listed securities 6,360,995 - 5,531,029 1,931,461 110,750 - - - fixed interest rate 6,151,904 - 5,486,842 1,685,273 110,750 - - - floating interest rate 209,091 - 44,187 246,188 - - - Unlisted securities 115,486 - 138,736 - - - - - fixed interest rate 115,486 - 138,736 - - - - Government bonds 1,109,598 - 947,102 351,272 22,572 - - - fixed interest rate 1,109,598 - 947,102 351,272 22,572 - - Equity securities 25,100,583 25,100,583 - - - - - At fair value through P&L 9,276,424 9,276,424 - - - - - Listed securities 9,276,424 9,276,424 - - - - - Available for sale 15,824,159 15,824,159 - - - - - Listed securities 14,825,948 14,825,948 - - - - - Unlisted securities 998,211 998,211 - - - - - Investment property 465,103 465,103 - - - - - Loans and receivables 2,417,912 - 2,417,912 - - - - Reinsurance assets 175,242 - 175,242 - - - - Cash and cash equivalents 1,117,861 1,117,861 - - - - Total assets 76,919,111 26,683,547 34,931,273 17,979,968 6,373,613 636,406 7,848,174 Carrying No stated Expected cash flows (undiscounted) (in EUR) amount maturity 0 - 5 years 5 - 10 years 10 – 15 years 15 - 20 years More than 20 years Liabilities Insurance contracts with DPF 67,465,885 - 40,656,040 12,499,323 29,821,560 24,855,974 45,195,933 Total liabilities 67,465,885 - 40,656,040 12,499,323 29,821,560 24,855,974 45,195,933 Difference between contractual and expected cash 26,683,547 (5,724,767) 5,480,645 (23,447,947) (24,219,568) (37,347,759) Mean duration of assets 6.15 years - - - - - - Mean duration of liabilities 9.81 years - - - - - -
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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
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Our insurance activities embody the
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147
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Structure of insurance within KD Ho
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Structure of health insurance premi
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was above average in terms of reput
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In 2007 Adriatic Slovenica’s work
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Structure of KD Življenje premiums
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Romania KD Life Asigurari S. A., Bu
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Slovakia KD LIFE, Insurance company
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Eastern Orthodox priest, Macedonia
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Do you think it is possible to comb
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Operations in 2007 To increase sale
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Terazije, Belgrade, Serbia 169
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But we also build literally: we hav
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Investment strategy The amount inve
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Closed-end Investment fund BIG d. d
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Challenges in 2008: The company’s
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179
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Challenges in 2008: To obtain the r
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may choose between the following ma
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A selection of the most important a
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The company designed, developed and
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Sofia, Bulgaria 189
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KD Holding Group Consolidated Finan
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KD Holding Group Notes to Consolida
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