Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

ASSOCIATE COMPANIES TABLE C (cont. )STATEMENT OF EARNINGS (non-technical accounts)ASSICURAZIONIGENERALI31/12/10(€ 000)1) Underwriting profit (loss) from general business 216,3732) Underwriting profit (loss) from life business 351,7423) Investment income in general businessa) Dividends 526,735b) Other investment income (total) 156,397c) Writebacks in book value of investments 77,225d) Gain on disposal of investments 61,056Total investment income in general business 821,4134) + Portion of investment income transferred from technical accounts of lifebusiness 415,9705) Operating and financial expenses in general business (3)a) Investment management expenses and interest paid 88,441b) Writedowns to investments 46,047c) Loss on disposal of investments 34,941Total operating and financial expenses in general business (5) 169,4296) Portion of investment income transferred from technical accounts of general business 277,9547) Other income 414,1298) Other expenditure 1,377,8359) Profit (loss) on ordinary operations 394,40910) Extraordinary income 348,07011) Extraordinary expenditure (156,243)12) Net extraordinary income (expenditure) (10-11) 191,82713) Earnings before tax 586,23614) Taxation for the year 47,55415) Profit (loss) for the year (13-14) 633,790466 –