ASA KINDLUSTUS

BALANCE SHEET

30.09.98

 

unaudited		

in thousand EEK

                                                30.09.98  30.06.98 30.09.97

ASSETS

 

Cash and bank	                                    2,308    3,398    6,289

Accounts receivable

     Receivables from direct insurance business     8,107    8,712    6,932

incl.Policyholders                                  2,528    3,278    1,575

     Intermediaries                                 4,705    4,726    4,257

     Other                                            874      707    1,100

  Receivables from reinsurance business             5,035    4,840        0

  Other receivables                                 6,292    6,071        0

  Total                                            19,433   19,622    6,932

Accrued income and prepaid expenses

  Accrued income                                    4,564    3,939   12,745

  Deferred acquisition expenses                     5,309    5,605   10,698

  Other prepaid expenses                            4,937    4,467    4,757

  Total                                            14,811   14,011   28,200

INVESTMENTS

incl.Marketable securities	                   15,557   15,502    3,628

     Bonds                                         13,046   12,153    2,700

     Loans                                          5,640    4,353    2,072

     Deposits in credit institutions               41,471   43,975   38,728

     Other                                            164      164    2,636

  Total                                            75,878   76,147   49,764

Non-current physical assets                        11,031   11,676   10,684

TOTAL ASSETS                                      123,462  124,854  101,869

 

LIABILITIES AND OWNERS' EQUITY

Liabilities from direct insurance business          5,213    5,681    7,958

incl.Policyholders                                  2,410    2,838    2,882

     Intermediaries                                   335      413      274

     Other                                          2,469    2,430    4,802

  Liabilities from reinsurance business             6,805    5,555      767

  Debts to credit institutions                      1,500

  Other liabilities                                 2,773    2,778      852

  Total                                            16,291   14,014    9,576

Accrued expenses and prepaid revenue

     Accrued expenses                               5,651    3,299    2,099

     Deferred reinsurance commissions                 426      712      738

     Other prepaid revenue                              0        0        0

  Total                                             6,077    4,011    2,837

Technical provisions

  Provision for unearned premiums                  24,883   27,171   27,235

incl.Gross amount                                  27,247   29,931   30,854

     Reinsurance amount                             2,363    2,761   -3,619

  Claims outstanding	                           24,705   23,328   15,029

incl.Gross amount                                  35,040   34,445   22,582

     Reinsurance amount                            10,336   11,117   -7,553

  Total                                            49,588   50,499   42,264

OWNERS' EQUITY                                     51,506   56,329   47,192

incl.Share capital                                 35,340   35,340   28,895

     Capital surplus                               24,745   24,745    4,795

     Reserves                                         709      709       55

     Other reserves                                   420      420      420

     Retained earnings			            2,309    2,309       17

     Profit (loss) for the financial year         -12,018   -7,194   13,011

TOTAL LIABILITIES AND OWNERS' EQUITY              123,462  124,854  101,869

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Manager of the Financial Division

Tel. +372 6 440 542