We build business networks and relationships ... - skupina kd group
We build business networks and relationships ... - skupina kd group
We build business networks and relationships ... - skupina kd group
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KD Holding Group<br />
Notes to Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2007<br />
5.2.4 Currency risk<br />
The Group takes on exposure to effects of fluctuations<br />
in the prevailing foreign currency exchange rates on<br />
its financial position <strong>and</strong> cash flows. The Group’s<br />
currency risk is not considered to be significant<br />
due to the fact that Slovenia has been in the ERM2<br />
The table below summarises the Group’s exposure<br />
to foreign currency exchange rate risk as at 31<br />
December. Included in the table are the Group’s<br />
financial assets <strong>and</strong> financial <strong>and</strong> insurance liabilities<br />
in carrying amounts, categorised by currency.<br />
system with fixed foreign currency rates <strong>and</strong> the euro<br />
was introduced in Slovenia on 1 January 2007.<br />
276<br />
2007<br />
(in EUR) EUR Other Total<br />
Assets<br />
Financial assets at fair value through P&L 143,040,153 32,985,472 176,025,625<br />
- Equity securities 120,450,634 32,985,472 153,436,106<br />
- Debt securities 22,589,519 - 22,589,519<br />
Available for sale 294,319,323 22,895,005 317,214,328<br />
- Equity securities 174,765,769 22,180,508 196,946,277<br />
- Debt securities 119,553,554 714,497 120,268,051<br />
Held to maturity 7,590,164 - 7,590,164<br />
- Debt securities 7,590,164 - 7,590,164<br />
Investment property 20,601,521 - 20,601,521<br />
Loans <strong>and</strong> receivables 129,018,868 6,672,103 135,690,971<br />
Reinsurance assets 11,004,824 - 11,004,824<br />
Cash <strong>and</strong> cash equivalents 22,623,434 6,774,683 29,398,117<br />
Total assets 628,198,287 69,327,263 697,525,550<br />
Liabilities<br />
Debt securities (issued) 75,368,725 - 75,368,725<br />
Loans 88,463,016 418,941 88,881,957<br />
Derivative financial instruments 6,312,735 - 6,312,735<br />
Insurance contracts 306,070,319 303,468 306,373,787<br />
Insurance contracts with DPF 62,446,521 101,505 62,548,026<br />
Investment contracts with DPF 15,588,746 15,528 15,604,274<br />
Total liabilities 554,250,062 839,442 555,089,504