Le Foyer S.A.

More documents

Recommendations

Info

52Consolidated profit and lossaccount at 31.12.2003Notes 31.12.2003 (€) 31.12.2002 (€)Non-technical accountNon-life insurance technical profit 17 266 013.68 14 094 155.27Life insurance technical profit -774 397.60 -904 144.22Investment incomeIncome from participating interests 583 350.00 248 208.37Income from other investmentsIncome from land, buildings and installations 97 606.33 94 067.23Income from other investments 13 393 202.33 16 651 907.4513 490 808.66 16 745 974.68Write-backs of adjustments to the value of investments 4 037 141.37 –xxxxxIncome from the sale of investments 13 529 672.65 18 012 167.46Total investment income 31 640 972.68 35 006 350.51Allocated investment income transferredto the life insurance technical account 11(n) 1 090 682.25 1 729 473.87The notes included in the annex are an integral part of the consolidated accounts.
53Consolidated profit and loss accountNotes 31.12.2003 (€) 31.12.2002 (€)Non-technical account (continued)Investment expensesInvestment management expenses,including interest expenses -7 006 440.27 -7 055 901.41Adjustments to the value of investments -2 581 535.05 -21 751 724.72Losses on the sale of investments -4 759 549.52 -7 139 760.07Total investment expenses -14 347 524.84 -35 947 386.20Allocated investment income transferredto the Non-life insurance technical account 11(o) -9 446 044.15 2 870 168.20Income from the elimination of special itemswith a share in reserves 9,21 3 367 768.20 836 174.52Transfers to special items with a share in reserves –xxxxx -5 659 891.11Other income 5 463 609.71 3 582 068.45Other expenses, including value adjustments -5 915 264.38 -99 890.94Tax on ordinary profit -7 453 012.21 -5 095 408.09Net profit on ordinary operations 20 892 803.34 10 411 670.26Other taxes not included in the above item -285 122.64 -55 782.27PROFIT FOR THE YEAR 20 607 680.70 10 355 887.99o/w group share 20 587 712.95 10 311 629.45o/w minority interests 19 967.75 44 258.54The notes included in the annex are an integral part of the consolidated accounts.
Page 1:
Le Foyer S.A.Annual Report 2003
Page 5: Tribute toMr Marc LambertMr Marc La
Page 9 and 10: 2003 consolidated financial highlig
Page 11 and 12: Board of DirectorsLe Foyer, Compagn
Page 13: ManagementGeneralManagement::Franç
Page 16: Mr Ernest Hamélius(founder member)
Page 19 and 20: Mr Max Lambert(founder member),Vice
Page 21 and 22: Consolidated management reportConso
Page 23 and 24: Revenues grew 6.2% to € 203.58 mi
Page 25 and 26: In individual insurance, growth slo
Page 27 and 28: Thanks to the economic upturn and r
Page 29 and 30: Non-life insuranceStrong revenue gr
Page 31 and 32: Among Le Foyer Assurances’ subsid
Page 33 and 34: OutlookFollowing the sharp decline
Page 35 and 36: 1925 - Foundation ofLe Foyer’s Be
Page 37 and 38: Foyer Re reported a € 6.88 millio
Page 39 and 40: Following an 11.8% increase in 2002
Page 41 and 42: Asset ManagementProfits buoyed by r
Page 43: 1990 - Financial restructuring culm
Page 46 and 47: 44Consolidated balance sheetat 31.1
Page 48 and 49: 46Consolidated balance sheetat 31.1
Page 50 and 51: 48Consolidated profit and lossaccou
Page 52 and 53: 50Consolidated profit and lossaccou
Page 56 and 57: Notes to the consolidated accountsa
Page 58 and 59: Companies included in the scope of
Page 60 and 61: 11 (a) Conversion of items denomina
Page 62 and 63: 11 (h) Accounts receivableAccounts
Page 64 and 65: 11 (l) Accounts payableAccounts pay
Page 66 and 67: Land, buildings and installations13
Page 68 and 69: Other financial investments15 The p
Page 70 and 71: Special items with a share in reser
Page 72 and 73: Geographical breakdown of life prem
Page 74 and 75: June 2000 - Stock market flotation
Page 76 and 77: Appropriation of profitAt the Annua
Page 78 and 79: 76Balance sheetat 31.12.2003ASSETSN
Page 80 and 81: 78Consolidated profit and loss acco
Page 82 and 83: In the event of lasting diminution
Page 84 and 85: Shareholders’ equity6 Movements i
Page 86 and 87: AgentsAgents and Employees of Le Fo
Page 88 and 89: Le Foyer S.A.fax: +352 43 83 22www.
Page 91: An English version of the Le Foyer
Page 96: www.lefoyer.lu
show all

Le Foyer S.A.

Create successful ePaper yourself

Delete template?

Save as template?