in EUR | |||||||||||||
Triglav Group | Zavarovalnica Triglav | ||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||
| A. | OPERATING CASH FLOW | ||||||||||||
| a. | Income statement items | 63,558,277 | 47,763,405 | 27,298,196 | 2,402,118 | ||||||||
| Net written premium for the period | 992,822,784 | 931,192,941 | 558,913,322 | 528,448,755 | |||||||||
| Investment income (excluding financial income) | 21,545,047 | 21,583,243 | 11,916,643 | 12,038,000 | |||||||||
| Other operating income (excluding revaluation and provisions reductions) operating revenues and financial income from operating receivables | 39,089,344 | 34,492,062 | 10,868,255 | 10,097,825 | |||||||||
| Net claims paid | -658,958,408 | -626,345,459 | -383,234,969 | -386,681,490 | |||||||||
| Bonuses and rebates paid | -10,350,140 | -9,258,381 | -9,374,088 | -8,218,663 | |||||||||
| Net operating expenses excluding depreciation charge and changes in the accrued acquisition expenses | -240,531,743 | -220,091,770 | -129,555,100 | -120,912,122 | |||||||||
| Investment expenses (excluding depreciation charge and financial expenses) | -11,076,031 | -10,115,412 | -5,595,378 | -7,077,627 | |||||||||
| Other operating expenses excluding depreciation charge (except for revaluations and without increasing provisions) | -54,675,615 | -59,658,304 | -16,773,686 | -15,161,832 | |||||||||
| Corporate income tax and other taxes excluded from operating expenses | -14,306,961 | -14,035,515 | -9,866,802 | -10,130,728 | |||||||||
| b. | Changes in net current assets-operating balance sheet items | -19,565,937 | 1,918,944 | -14,036,824 | 4,592,420 | ||||||||
| Movements in receivables from direct insurance operations | -10,439,344 | 2,408,225 | -8,151,580 | 4,875,196 | |||||||||
| Movements in receivables from reinsurance operations | -10,452,845 | -8,946,527 | -4,267,819 | -6,351,696 | |||||||||
| Movements in other receivables from (re)insurance operations | 2,614,724 | -2,058,178 | -1,264,031 | 1,147,648 | |||||||||
| Movements in other receivables and assets | -2,998,138 | -352,320 | -1,302,382 | -585,626 | |||||||||
| Movements in deferred tax assets | -1,444,446 | 54,034 | 0 | 0 | |||||||||
| Movements in inventories | 27,655 | 170,131 | -2,973 | -24,706 | |||||||||
| Movements in debts from direct insurance operations | 843,066 | 2,519,871 | -47,430 | 151,923 | |||||||||
| Movements in debts from reinsurance operations | 4,012,279 | 1,738,719 | -1,429,852 | 3,742,212 | |||||||||
| Movements in operating debts | 5,751,510 | 1,921,919 | -2,718 | -494,928 | |||||||||
| Movements in other liabilities (excluding unearned premiums) | -6,159,491 | 2,972,253 | 2,431,959 | 2,132,397 | |||||||||
| Movements in deferred tax liabilities | -1,320,907 | 1,490,817 | 0 | 0 | |||||||||
| c. | Net cash from/ (used in) operating activities (a + b) | 43,992,340 | 49,682,349 | 13,261,372 | 6,994,538 | ||||||||
| B. | CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||
| a. | Cash inflows from investing activities | 999,778,200 | 1,295,036,003 | 796,648,223 | 1,077,968,813 | ||||||||
| Cash inflows from interest from investing activities | 53,035,031 | 56,592,362 | 36,970,864 | 39,336,018 | |||||||||
| Cash inflows from dividends received and profit sharing | 3,828,099 | 4,900,674 | 7,557,132 | 8,868,008 | |||||||||
| Cash inflows from the disposal of intangible assets | 3,094 | 0 | 3,094 | 0 | |||||||||
| Cash inflows from the disposal of property, plant and equipment | 8,715,584 | 2,947,661 | 8,181,979 | 952,716 | |||||||||
| Cash inflows from the disposal of financial investments | 934,196,392 | 1,230,595,306 | 743,935,154 | 1,028,812,072 | |||||||||
| - Cash inflows from the disposal of investments in subsidiaries and associates | 0 | 14,505,290 | 0 | 14,505,290 | |||||||||
| - Other cash inflows from disposal of financial investments | 934,196,392 | 1,216,090,016 | 743,935,154 | 1,014,306,782 | |||||||||
| b. | Cash outflows from investing activities | -996,334,697 | -1,271,700,986 | -769,343,650 | -1,018,983,429 | ||||||||
| Cash outflows for the purchase of intangible assets | -6,223,811 | -7,013,310 | -2,948,864 | -5,164,016 | |||||||||
| Cash outflows for the purchase of property, plant and equipment | -14,669,708 | -11,294,823 | -10,003,879 | -4,285,331 | |||||||||
| Cash outflows for the purchase of financial investments | -975,441,178 | -1,253,392,853 | -756,390,907 | -1,009,534,083 | |||||||||
| - Cash outflows for the purchase of investments in subsidiaries and associates | 11,617,277 | -11,567,163 | -17,060,388 | -6,124,150 | |||||||||
| - Other cash outflows to acquire financial investments | -987,058,455 | -1,241,825,690 | -739,330,519 | -1,003,409,933 | |||||||||
| c. | Net cash from/ (used in) investing activities (a + b) | 3,443,503 | 23,335,017 | 27,304,573 | 58,985,384 | ||||||||
| C. | CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||
| a. | Cash inflows from financing activities | 0 | 0 | 0 | 0 | ||||||||
| Cash inflows from paid-in capital | 0 | 0 | 0 | 0 | |||||||||
| Cash inflows from long-term loans received and issued | 0 | 0 | 0 | 0 | |||||||||
| Cash inflows from short-term loans received | 0 | 0 | 0 | 0 | |||||||||
| b. | Cash outflows from financing activities | -58,256,189 | -60,407,207 | -58,082,203 | -58,118,823 | ||||||||
| Cash outflows for paid interest | -1,227,366 | -1,227,366 | -1,227,366 | -1,227,366 | |||||||||
| Cash outflows for purchase of treasury shares | 0 | -2,349,109 | 0 | 0 | |||||||||
| Cash outflows for capital repayment | -133,062 | 0 | 0 | 0 | |||||||||
| Cash outflows for payments of long-term financial liabilities | 0 | 0 | 0 | 0 | |||||||||
| Cash outflows for payments of short-term financial liabilities | 0 | 0 | 0 | 0 | |||||||||
| Cash outflows from dividends paid and profit sharing | -56,895,761 | -56,830,732 | -56,854,837 | -56,891,457 | |||||||||
| c. | Net cash from/ (used in) financing activities (a + b) | -58,256,189 | -60,407,207 | -58,082,203 | -58,118,823 | ||||||||
| D. | Closing balance of cash and cash equivalents | 67,601,660 | 78,417,847 | 17,998,487 | 35,514,746 | ||||||||
| E1. | Net cash flow for the period | -10,820,346 | 12,610,159 | -17,516,258 | 7,861,100 | ||||||||
| E2. | Foreign exchange differences | 4,159 | 93,214 | 0 | 0 | ||||||||
| F. | Opening balance of cash and cash equivalents | 78,417,847 | 65,714,474 | 35,514,746 | 27,653,646 | ||||||||
