Last update: 01.07.2024 14:02 (GMT+3)
LEKS KINDLUSTUS
INCOME STATEMENT
01.01-30.09.98
Consolidated, unaudited,
in full kroons
Leks Leks Group Group
1998 9 months 1997 1998 9 months 1997
TECHNICAL ACCOUNT OF NON-LIFE INSURANCE
Earned premium, net of reinsurance
1.1. Gross premiums 118 626 288 93 949 178 142 809 401 105 113 279
1.2. Outward reinsurance premium -39 574 953 -39 820 753 -52 022 515 -42 942 139
1.3. Change in provision for unearned premiums -5 170 357 -13 137 666 -7 876 650 -2 948 747
1.4. Reinsurer’s share in change in the provision for
unearned premiums -478 736 5 612 811 4 616 294 -2 946 715
1. Total 73 402 242 46 603 570 87 526 530 56 275 678
2. Other premiums earned, net of reinsurance 398 403 24 203 425 570 244 358
Claims incurred, net of reinsurance
3.1. Claims paid 69 855 691 27 085 681 79 288 491 33 695 770
3.2. Reinsurer’s share in total claims -27 377 886 -9 650 815 -30 108 955 -12 195 611
3.3. Change in the provision for claims 17 879 950 10 391 638 17 795 079 -5 356 999
3.4. Reinsurer’s share in change in the provision for claims -3 971 937 -4 900 550 -5 160 317 12 023 782
3. Total 56 385 818 22 925 954 61 814 298 28 166 942
Change in other technical provisions, net of reinsurance
4.1. Total amount -2 588 706 -2 588 706
4.2. Reinsurer’s share 64 682 64 682
4. Total -2 524 024 -2 524 024
5. Bonuses, net of reinsurance
Net operating expenses
6.1. Deferred acquisition expenses 23 339 505 23 438 887 28 750 087 25 460 397
6.2. Change in deferred acquisition expenses 1 473 989 -5 327 792 -69 884 -6 047 015
6.3. Administative expenses 26 495 193 14 937 048 35 508 328 20 566 501
6.4. Reinsurance commission and profit participation -10 939 386 -11 650 345 -13 107 349 -14 022 643
6.5. Reinsurer’s share in change in acquisition expenses 538 548 906 348 538 548 906 348
6. Total 40 907 849 22 304 146 51 619 730 26 863 588
7. Other technical changes, net of reinsurance 3 078 457 2 282 856 3 078 457 2 282 856
9. RESULT OF NON-LIFE INSURANCE TECHNICAL ACCOUNT -24 047 455 -885 183 -26 036 361 -793 350
LIFE INSURANCE TECHNICAL ACCOUNT
Earned premiums, net of reinsurance
1.1. Gross premiums written 9 517 682 8 998 780
1.2. Outward reinsurance premiums -572 368 -715 192
1. Total 8 945 314 8 283 588
3. Unrealised income on investments 485
4. Other technical income, net of reinsurance
Claims incurred, net of reinsurance
5.1. Claims paid 968 052 802 690
incl5.1.1. Insurance amounts
5.1.2. Repurchase amounts
5.1.3. Claim handling expenses
5.2. Reinsurance share in claims paid
5.3. Change in provision for claims refused
5.4. Reinsurance share in change in provision for claims refused
5. Total 968 052 802 690
Change in life insurance provision, net of reinsurance
6.1. Gross amount -2 819 291 -2 288 252
6.2. Reinsurer’s share -122 177 -153 653
6. Total -2 941 468 -2 441 905
Change in other technical provisions, net of reinsurance
7.1. Gross amount 577 792 -924 062
7.2. Reinsurer’s share -8 255 -32 716
7. Total 569 537 -956 778
8. Bonuses and rebates, net of reinsurance 24 425 10 856
Net operating expenses
9.1. Acquisition costs 1 691 419 1 120 332
9.2. Change in deferred acquisition costs 972 599 899 320
9.3. Administrative expenses 3 123 576 2 924 042
9.4. Reinsurance commissions and profit participation 195 945
9.5. Reinsurance share in change in deferred acquisition costs
9. Total 3 646 451 3 145 054
11. Unrealised loss on investments 422 836
12. Other technical expenses, net of reinsurance 782
13. RESULT OF LIFE INSURANCE TECHNICAL ACCOUNT 1 933 673 525 666
Investment income
2.1. Income from subsidiaries and associates 2 149 640 789 552 747 000
2.2. Income from land and buildings 156 030 156 030
2.3. Income from other investments 1 547 499 1 441 163 3 147 323 4 156 637
2.4. Value readjustments on investments
2.5. Gains on the realisation of investments 575 754 5 102 101 819 692 5 102 101
2. Total 4 272 893 7 488 846 4 714 015 9 414 768
Investment expenses
3.1. Investment expenses 883 964 853 473 944 151 2 845 640
3.2. Expenses from subsidiaries and associates 5 792 960 1 240 084 3 594 520 198 633
3.3. Value adjustments on investments 2 376 748 1 644 207 1 576 156 3 099 314
3.4. Losses on the realization of investments 3 010 883 414 599 8 284 057 734 889
3. Total 12 064 555 4 152 363 14 398 884 6 878 476
4. Other income 1 382 821 726 237 1 475 970 843 030
5. Other expenses 2 109 498 1 794 994 1 084 893 1 917 288
6. Extraordinary income 17 363
7. Extraordinary expenses 10 337
8. Income tax 1 308 471 1 951 023 1 397 536 2 245 496
9. Minority intrest 912 725 482 666
9. PROFIT (LOSS) FOR THE FINANCIAL YEAR -33 874 265 -568 480 -33 874 265 -568 480
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