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

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