Balance Sheet at 31 December 2011

CZK thousand 2011
  Row No.
 
Prior period
4
Gross
1
Adjustment
2
Net
3
ASSETS          
A. Receivables for subscribed share capital 1        
B. Intangible fixed assets, of which: 2 38,221 196,536 179,597 16,939
a) Start-up costs 3 0 4,402 4,402 0
C. Financial placements (investments) 5 18,916,472 21,969,822 0 21,969,822
III. Other financial placements 13 18,916,472 21,969,822 0 21,969,822
1. Shares and other variable yield securities, other equity holdings 14 145,559 232,261 232,261
2. Bonds and other fixed income securities 15 18,447,458 21,361,970 21,361,970
6. Deposits placed with financial institutions 17 440,048 789,000 0 789,000
7. Other financial placements 18 (116,593) (413,408) 0 (413,408)
D. Financial placements of life insurance, if investment risk borne by the policyholder 21 2,530,140 3,867,361 0 3,867,361
E. Debtors 22 142,202 549,723 287,622 262,100
I. Receivables arising from direct insurance transactions 23 64,279 150,040 48,262 101,778
1. Policyholders 24 64,279 150,040 48,262 101,778
II. Receivables arising from reinsurance transactions 26 876 283 0 283
III. Other receivables 27 77,046 399,399 239,360 160,039
F. Other assets 28 19,958 92,791 42,035 50,756
I. Tangible fixed assets, other than land buildings (real estate), and inventory 29 14,216 56,128 41,968 14,161
II. Cash on accounts with financial institutions and cash on hand 30 5,742 36,662 67 36,595
G. Temporary assets 32 53,222 90,320 0 90,320
II. Deferred acquisition costs of insurance policies, of which separarely: 34 12,381 39,541 0 39,541
a) Life insurance 35 1,162 20,093 20,093
b) Non-life insurance 36 11,218 19,448 0 19,448
III. Other temporary assets, of which: 37 40,841 50,778 0 50,778
a) Estimated receivables 38 37,552 42,382 0 42,382
TOTAL ASSETS 39 21,700,214 26,766,552 509,254 26,257,298
LIABILITIES          
A. Equity 40 1,382,292     1,346,544
I. Share capital, of which: 41 904,152 1,175,398
IV. Other capital funds 46 101,609 (185,185)
of which: revaluation gains or losses on securities 29,321 (42,384)
V. Reserve fund and other funds from profit 47 32,985 39,941
VI. Retained earnings or accumulated losses brought forward 48 204,429 65,345
VII. Profit or loss for the period 49 139,116 251,046
C. Technical reserves 51 17,345,225 20,639,505 85,734 20,553,771
1. Reserve for unearned premiums 52 43,757 53,061 303 52,758
of which: a) Reserve for unearned premiums – life insurance business 53 17,358 17,500 124 17,376
b) Reserve for unearned premiums – non-life insurance business 54 26,399 35,561 179 35,382
2. Life insurance reserve 55 16,363,107 19,500,670 0 19,500,670
3. Reserve for insurance claims 56 335,042 417,234 85,431 331,802
of which: a) Reserve for insurance claims – life insurance business 57 154,246 162,085 1,011 161,074
b) Reserve for insurance claims – non-life insurance business 58 180,796 255,149 84,420 170,729
4. Reserve for bonuses and discounts 59 355,694 524,411 0 524,411
of which: a) Reserve for bonuses and discounts – life business 60 354,829 523,638 0 523,638
b) Reserve for bonuses and discounts – non-life business 61 865 774 0 774
5. Equalisation reserve 62 0 0 0 0
6. Reserve for the fullfilment of payables arising from the used technical interest rate 63 247,625 144,129 0 144,129
D. Technical life insurance reserve of investment risk borne by the policyholder 70 2,530,139 3,867,361 0 3,867,361
E. Reserves for other risks and losses 71 20,565     65,852
2. Reserve for taxation 73 699 45,178
3. Other reserves 74 19,866 20,674
G. Creditors 76 138,138     141,037
I. Payables arising from direct insurance transactions 77 102,212 113,802
II. Payables arising from reinsurance transactions 78 1,986 4,523
V. Other payables, of which: 82 33,939 22,712
a) Tax liabilities and social security payables 83 8,665 8,991
H. Temporary liabilities 85 283,856     282,734
I. Accrued expenses and deferred income 86 0 0
II. Other temporary liabilities, of which: 87 283,856 282,734
a) Estimated payables 88 283,856 282,734
TOTAL LIABILITIES 89 21,700,214     26,257,298