Annual report 2007 - Euler Hermes
Annual report 2007 - Euler Hermes
Annual report 2007 - Euler Hermes
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Financial statements<br />
–a summary<br />
Consolidated<br />
balance sheet<br />
at 31 December <strong>2007</strong><br />
Assets<br />
(€’000)<br />
34 – ANNUAL REPORT <strong>2007</strong><br />
<strong>2007</strong> 2006<br />
IFRS IFRS<br />
Goodwill 115,577 107,374<br />
Other intangible assets 58,278 42,919<br />
Investments 3,101,290 3,010,102<br />
Reinsurers’ share of technical reserves 365,455 411,965<br />
Other assets 868,843 867,056<br />
Cash 378,103 334,964<br />
Total assets 4,887,546 4,774,380<br />
Shareholders’ equity and liabilities<br />
(€’000)<br />
<strong>2007</strong> 2006<br />
IFRS IFRS<br />
Shareholders’ equity, group share 2,058,741 1,892,386<br />
Minority interests 19,179 19,153<br />
Total shareholders’ equity 2,077,920 1,911,539<br />
Provisions for risks and charges 127,174 99,715<br />
Gross non-life technical reserves 1,426,141 1,413,342<br />
Borrowings 295,746 302,369<br />
Deferred tax liabilities 365,948 389,251<br />
Other liabilities 594,617 658,164<br />
Total shareholders’ equity and liabilities 4,887,546 4,774,380<br />
The consolidated financial statements, including the balance sheet, income statement and the notes thereto,<br />
are shown in full in the reference document.
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