ASA Kindlustus

BALANCE SHEET

31.03.99

 

Unaudited

EEK

                                                                 3/31/99         3/31/98

ASSETS

 

 1Cash and bank                                                1,440,383       4,421,533

 2Receivables

  Receivables from direct insurance business                  10,033,948       7,074,746

  incl.Policyholders                                           2,450,660       2,467,676

       intermediaries                                          6,784,789       3,995,006

       Others                                                    798,499         612,064

  Receivables from reinsurance business                        4,400,340       4,940,664

  Other receivables                                            7,789,385         276,144

  Total                                                       22,223,673      12,291,554

 3Accrued income and prepaid expenses

  Accrued income                                               2,773,943       3,302,600

  Deferred acquisition expenses                                6,388,684       6,682,275

  Other prepaid expenses                                       5,202,631       3,831,433

  Total                                                       14,365,259      13,816,308

 4Investments

  incl.Shares and units                                        9,987,128      15,922,631

       Bonds                                                   9,050,000      12,026,729

       Loans                                                  29,637,241       5,105,979

       Deposits with credit institutions                      13,351,478      45,125,728

       Other                                                     953,539       5,163,565

  Total                                                       62,979,386      83,344,632

 5Tangible assets                                              7,886,718      12,793,517

  Total assets                                               108,895,419     126,667,544

 

 

Liabilities and owners' equity

 1Creditors of direct insurance business                       8,411,506       7,296,169

  incl.Policyholders                                           2,543,599       2,854,895

       intermediaries                                          1,420,982         207,465

       Other                                                   4,446,924       4,233,809

  Creditors of reinsurance business                            7,818,055       5,656,721

  Loans to credit institutions                                 1,500,000               0

  Other liabilities                                              524,124       2,779,883

  Total                                                       18,253,685      15,732,773

 2Accrued expenses and prepaid revenue

      Accrued expenses                                         5,938,722       1,943,554

      Deferred reinsurance commissions                           747,174         425,844

      Other prepaid revenue                                            0               0

  Total                                                        6,685,896       2,369,398

 3Technical provisions

  Provision for unearned premiums                             25,771,254      27,404,726

  incl.Gross amount                                           28,757,148      30,570,858

       Reinsurance amount                                      2,985,894       3,166,132

  Claims outstanding                                          25,256,181      18,548,849

  incl.Gross amount                                           34,655,487      27,361,705

       Reinsurance amount                                      9,399,306       8,812,856

  Total                                                       51,027,435      45,953,575

 3Owners' equity                                              32,928,403      62,611,798

 incl.Share capital                                           35,339,500      32,394,500

      Capital surplus                                         24,744,763      24,744,763

      General reserve                                            709,155          55,174

      Other reserves                                             420,499         420,499

      Retained earnings                                      -28,642,651       6,572,929

      Net profit/loss for the financial year                     357,137      -1,576,067

  Total liabilities and owners' equity                       108,895,419     126,667,544