Cash flow statement






in EUR



Triglav Group

Zavarovalnica Triglav



2017

2016

2017

2016

A.OPERATING CASH FLOW

 

 

 

 


Income statement items

47,763,405

35,691,434

2,402,118

12,967,999


Net written premium for the period

931,192,941

882,520,102

528,448,755

514,620,613


Investment income (excluding financial income)

21,583,243

20,342,436

12,038,000

11,735,662


Other operating income (excluding revaluation and provisions reductions) operating revenues and financial income from operating receivables

34,492,062

46,483,550

10,097,825

11,428,031


Net claims paid

-626,345,459

-592,586,186

-386,681,490

-370,556,953


Bonuses and rebates paid

-9,258,381

-9,655,595

-8,218,663

-7,430,852


Net operating expenses excluding depreciation charge and changes in the accrued acquisition expenses

-220,091,770

-212,539,933

-120,912,122

-117,604,669


Investment expenses (excluding financial expenses)

-10,115,412

-8,550,474

-7,077,627

-5,246,499


Other operating expenses excluding depreciation charge (except for revaluations and without increasing provisions)

-59,658,304

-76,933,187

-15,161,832

-14,894,803


Corporate income tax and other taxes excluded from operating expenses

-14,035,515

-13,389,279

-10,130,728

-9,082,531








Changes in net current assets-operating balance sheet items

1,918,944

6,094,910

4,592,420

4,049,554


Movements in receivables from direct insurance operations

2,408,225

-1,284,824

4,875,196

-821,906


Movements in receivables from reinsurance operations

-8,946,527

14,254,438

-6,351,696

4,681,101


Movements in other receivables from (re)insurance operations

-2,058,178

-228,375

1,147,648

-308,923


Movements in other receivables and assets

-352,320

3,970,832

-585,626

2,473,307


Movements in deferred tax assets

54,034

-206,566

0

0


Movements in inventories

170,131

54,976

-24,706

22,093


Movements in debts from direct insurance operations

2,519,871

-1,039,716

151,923

216,761


Movements in debts from reinsurance operations

1,738,719

-10,862,237

3,742,212

1,242,990


Movements in operating debts

1,921,919

2,240,426

-494,928

-42,549


Movements in other liabilities (excluding unearned premiums)

2,972,253

-901,051

2,132,397

-3,413,320


Movements in deferred tax liabilities

1,490,817

97,007

0

0








Operating cash flow

49,682,349

41,786,344

6,994,538

17,017,553







B.CASH FLOWS FROM INVESTING ACTIVITIES




Cash inflows from investing activities

1,295,036,003

1,363,785,772

1,077,968,813

1,065,220,751


Cash inflows from interest from investing activities

56,592,362

58,759,633

39,336,018

41,148,157


Cash inflows from dividends received and profit sharing

4,900,674

4,848,278

8,868,008

12,410,440


Cash inflows from the disposal of intangible assets

0

100,000

0

0


Cash inflows from the disposal of property, plant and equipment

2,947,661

20,761,444

952,716

3,100,205


Cash inflows from the disposal of financial investments

1,216,090,016

1,263,835,341

1,014,306,782

994,372,234


Cash inflows from the disposal of investments in subsidiaries and associates

14,505,290

15,481,076

14,505,290

14,189,715








Cash outflows from investing activities

-1,271,700,986

-1,329,853,353

-1,018,983,429

-1,004,173,370


Cash outflows for the purchase of intangible assets

-7,013,310

-6,990,545

-5,164,016

-5,968,630


Cash outflows for the purchase of property, plant and equipment

-11,294,823

-6,137,586

-4,285,331

-3,407,363


Cash outflows for the purchase of financial investments

-1,241,825,690

-1,315,837,615

-1,003,409,933

-993,032,445


 Cash outflows for the purchase of investments in subsidiaries and associates

-11,567,163

-887,607

-6,124,150

-1,764,932








Total cash flow from investing activities

23,335,017

33,932,419

58,985,384

61,047,381


 



C.CASH FLOWS FROM FINANCING ACTIVITIES




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

0

0

0

0


Cash inflows from short-term loans received

0

0

0

0








Cash outflows from financing activities

-60,407,207

-57,900,352

-58,118,823

-57,961,246


Cash outflows for paid interest

-1,227,366

-1,257,116

-1,227,366

-1,257,116


Cash outflows for purchase of treasury shares

-2,349,109

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

-56,830,732

-56,643,236

-56,891,457

-56,704,130








Total cash flow from financing activities

-60,407,207

-57,900,352

-58,118,823

-57,961,246







D.Opening balance of cash and cash equivalents

65,714,474

47,928,768

27,653,646

7,549,958

E1.Net cash flow for the period

12,610,159

17,818,411

7,861,100

20,103,688

E2.Foreign exchange differences

93,214

-32,705

0

0

F.Closing balance of cash and cash equivalents

78,417,847

65,714,474

35,514,746

27,653,646

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