CROATIA OSIGURANJE D.D. CONSOLIDATED UNAUDITED
QUARTERLY REPORT,
FOR THE PERIOD
1 January 2021 - 31 December 2021
Zagreb, February 2022
CONTENT | |
I. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS ............................................... | 3 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME.................................................... | 4 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)............................ | 6 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY .............................................................. | 8 |
CONSOLIDATED STATEMENT OF CASH FLOWS - indirect method............................................ | 9 |
II. QUARTERLY MANAGEMENT REPORT .............................................................................. | 10 |
III. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE | |
PERIOD I-XII 2021 ...................................................................................................................... | 15 |
MANAGEMENT BOARD STATEMENT ..................................................................................... | 27 |
- UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Annex 1
ISSUER'S GENERAL DATA
Reporting period: | 1.1.2021 | to | 31.12.2021 | |
Ye ar: | 2021 | |||
Quarter: | 4 | |||
Quarterly financial statements
Registration number (MB): | 03276147 | Issuer's home Member | HR | ||||
State code: | |||||||
Entity's registration number | 080051022 | ||||||
(MBS): | |||||||
Personal identification | 26187994862 | LEI: | 74780000M0GHQ1VXJU20 | ||||
number (OIB): | |||||||
Institution | 199 | ||||||
code: | |||||||
Name of the issuer: | CROATIA osiguranje d.d. | ||||||
ZAGREB | |||||||
Postcode and town: | 10 000 | ||||||
Street and house number: | Vatroslava Jagića 33 | ||||||
E-mail address: | info@crosig.hr | ||||||
Web address: | www.crosig.hr | ||||||
Number of employees | 3555 | ||||||
(end of the reporting | |||||||
Consolidated report: | KD | (KN-notconsolidated/KD-consolidated) | |||||
Audited: | RN | (RN-notaudited/RD-audited) |
Names of subsidiaries (according to IFRS): | Registered office: | MB: | ||
CROATIA PREMIUM d.o.o. | ZAGREB | 01885880 | ||
CORE 1 d.o.o. | ZAGREB | |||
04570243 | ||||
AUTO MAKSIMIR VOZILA d.o.o. | ZAGREB | |||
01804812 | ||||
CROATIA OSIGURANJE DD | MOSTAR | |||
20097647 | ||||
MILENIJUM OSIGURANJE A.D. | BEOGRAD | |||
7810318 | ||||
CROATIA OSIGURANJE A.D. - ZA ŽIVOTNA OSIG. | SKOPJE | |||
05920922 | ||||
CROATIA OSIGURANJE A.D. - ZA NEŽIVOTNA OSIG. | SKOPJE | |||
06479570 | ||||
CROATIA OSIGURANJE MIROVINSKO DRUŠTVO D.O.O. | ZAGREB | |||
01731742 | ||||
RAZNE USLUGE D.O.O. - U LIKVIDACIJI | ZAGREB | |||
01892037 | ||||
CROATIA - TEHNIČKI PREGLEDI D.O.O. | ZAGREB | 01450930 | ||
PBZ CROATIA OSIGURANJE DD | ZAGREB | 01583999 | ||
CO ZDRAVLJE D.O.O. | ZAGREB | 04837550 | ||
STRMEC PROJEKT d.o.o. | ZAGREB | 02586649 | ||
AGROSERVIS STP d.o.o. | VIROVITICA | 01233033 | ||
ASTORIA d.o.o. | ZAGREB | 080339352 | ||
CO LOGISTIKA d.o.o. | ZAGREB | 081353961 |
Yes
Bookkeeping firm: | No | (Yes/No) | ||
(name of the bookkeeping firm) | ||||
Contact person: | Jelena Matijević | |||
(only name and surname of the contact person) | ||||
Telephone: | 072 00 1884 |
E-mailaddress: izdavatelji@crosig.hr
Audit firm:
(name of the audit firm)
Certified auditor:
(name and surname)
3
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2021 - 31.12.2021
in HRK | ||||||||
ADP | Same period of the previous year | Current year | ||||||
Item | ||||||||
code | ||||||||
Life | Non-life | Total | Life | Non-life | Total | |||
1 | 2 | 3 | 4 | 5(3+4) | 6 | 7 | 8(6+7) | |
I Earned premiums (ADP 119 to 123) | 118 | 550.593.781 | 2.428.943.426 | 2.979.537.207 | 539.958.480 | 2.551.488.124 | 3.091.446.604 | |
1 | Gross written premium | 119 | 551.053.061 | 2.689.177.414 | 3.240.230.475 | 540.832.945 | 2.895.385.130 | 3.436.218.075 |
2 | Value adjustment and charged premium value adjustment | 120 | 0 | -2.832.769 | -2.832.769 | 0 | 15.652.975 | 15.652.975 |
3 | Outward reinsurance premiums (-) | 121 | -334.900 | -277.525.967 | -277.860.867 | -361.868 | -310.371.494 | -310.733.362 |
4 | Change of gross provisions for unearned premiums (+/-) | 122 | -177.798 | 3.944.452 | 3.766.654 | -544.448 | -66.395.685 | -66.940.133 |
5 | Change of provisions for unearned premiums, reinsurers' share (+/-) | 123 | 53.418 | 16.180.296 | 16.233.714 | 31.851 | 17.217.198 | 17.249.049 |
II Income from investments (ADP 125 to 131) | 124 | 161.665.763 | 326.039.789 | 487.705.552 | 120.236.134 | 360.526.405 | 480.762.539 | |
1 | Income from branches, associates and joint ventures. | 125 | 2.103.298 | 17.645.743 | 19.749.041 | 3.583.367 | 40.626.932 | 44.210.299 |
2 | Income from investment in land and buildings | 126 | 73.948 | 110.762.708 | 110.836.656 | 184.737 | 131.349.565 | 131.534.302 |
3 | Interest income | 127 | 105.700.578 | 89.883.190 | 195.583.768 | 103.264.193 | 83.722.424 | 186.986.617 |
4 | Unrealised gains on investments | 128 | 2.009.774 | 3.920.526 | 5.930.300 | 4.575.231 | 19.179.511 | 23.754.742 |
5 | Realised gains on investments | 129 | 20.138.618 | 69.738.961 | 89.877.579 | 8.142.096 | 57.109.981 | 65.252.077 |
6 | Net positive exchange rate differences | 130 | 31.170.680 | 6.835.220 | 38.005.900 | 0 | 0 | 0 |
7 | Other income from investments | 131 | 468.867 | 27.253.441 | 27.722.308 | 486.510 | 28.537.992 | 29.024.502 |
III Income from commissions and fees | 132 | 2.100.261 | 41.067.267 | 43.167.528 | 1.874.557 | 38.199.868 | 40.074.425 | |
IV Other insurance-technical income, net amount from reinsurance | 133 | 441.577 | 44.648.093 | 45.089.670 | 944.245 | 43.745.211 | 44.689.456 | |
V Other income | 134 | 623.748 | 123.644.686 | 124.268.434 | 341.992 | 170.844.304 | 171.186.296 | |
VI Claims incurred, net (ADP 136 + 139) | 135 | -536.993.740 | -1.383.264.676 | -1.920.258.416 | -471.854.443 | -1.334.610.702 | -1.806.465.145 | |
1 Claims settled (ADP 137+138) | 136 | -501.729.864 | -1.336.935.303 | -1.838.665.167 | -470.949.859 | -1.368.879.159 | -1.839.829.018 | |
1.1 Gross amount (-) | 137 | -501.858.465 | -1.444.613.813 | -1.946.472.278 | -470.949.859 | -1.601.432.166 | -2.072.382.025 | |
1.2 Reinsurers' share (+) | 138 | 128.601 | 107.678.510 | 107.807.111 | 0 | 232.553.007 | 232.553.007 | |
2 Change in the provision for claims (+/-) (ADP 140+141) | 139 | -35.263.876 | -46.329.373 | -81.593.249 | -904.584 | 34.268.457 | 33.363.873 | |
2.1 Gross amount | 140 | -35.263.876 | -291.817.132 | -327.081.008 | -904.584 | 190.744.145 | 189.839.561 | |
2.3 Reinsurers' share | 141 | 0 | 245.487.759 | 245.487.759 | 0 | -156.475.688 | -156.475.688 | |
VII Change in mathematical provision and other technical provisions, net | 142 | -69.385.592 | 23.300.703 | -46.084.889 | -116.675.846 | -16.202.806 | -132.878.652 | |
of reinsurance (ADP 143+146) | ||||||||
1 Change in mathematical provisions (+/-) (ADP 144+145) | 143 | -69.385.592 | 6.599.519 | -62.786.073 | -116.675.846 | 4.755.518 | -111.920.328 | |
1.1 Gross amount (-) | 144 | -69.375.825 | 6.599.519 | -62.776.306 | -116.684.210 | 4.755.518 | -111.928.692 | |
1.2 Reinsurers' share (+) | 145 | -9.767 | 0 | -9.767 | 8.364 | 0 | 8.364 | |
2 Change in other technical provisions, net of reinsurance (+/-) (ADP | 146 | 0 | 16.701.184 | 16.701.184 | 0 | -20.958.324 | -20.958.324 | |
147+148) | ||||||||
2.1 Gross amount (-) | 147 | 0 | 16.701.184 | 16.701.184 | 0 | -21.082.168 | -21.082.168 | |
2.2 Reinsurers' share (+) | 148 | 0 | 0 | 0 | 0 | 123.844 | 123.844 | |
VIII Change of special provision for life assurance where policyholders | 149 | 38.124.519 | 0 | 38.124.519 | 35.422.414 | 0 | 35.422.414 | |
bear the investment risk, net of reinsurance (+/-)(ADP 150+151) | ||||||||
1 Gross amount (-) | 150 | 38.124.519 | 0 | 38.124.519 | 35.422.414 | 0 | 35.422.414 | |
3 Reinsurers' share (+) | 151 | 0 | 0 | 0 | 0 | 0 | 0 | |
IX Cash payments for bonuses and rebates, net of reinsurance (ADP | 152 | 0 | -8.421.708 | -8.421.708 | 0 | -8.709.129 | -8.709.129 | |
153+154) | ||||||||
1 Performance-dependent (bonuses) | 153 | 0 | -5.277.788 | -5.277.788 | 0 | -5.630.739 | -5.630.739 | |
2 Performance-independent (rebates) | 154 | 0 | -3.143.920 | -3.143.920 | 0 | -3.078.390 | -3.078.390 |
4
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2021 - 31.12.2021
in HRK | ||||||||
Item | ADP | Same period of the previous year | Current year | |||||
code | Life | Non-life | Total | Life | Non-life | Total | ||
1 | 2 | 3 | 4 | 5(3+4) | 6 | 7 | 8(6+7) | |
X Operating expenses (business expenditures), net (ADP 156+160) | 155 | -85.059.638 | -1.070.602.948 | -1.155.662.586 | -75.586.528 | -1.193.919.868 | -1.269.506.396 | |
1 Acquisition costs (ADP 157 to 159) | 156 | -41.583.462 | -536.132.467 | -577.715.929 | -36.296.183 | -623.382.443 | -659.678.626 | |
1.1 Commission | 157 | -14.965.878 | -266.672.201 | -281.638.079 | -12.795.166 | -305.109.397 | -317.904.563 | |
1.2 Other acquisition costs | 158 | -26.617.584 | -247.302.551 | -273.920.135 | -23.501.017 | -307.965.679 | -331.466.696 | |
1.3 Change in deferred acquisition costs | 159 | 0 | -22.157.715 | -22.157.715 | 0 | -10.307.367 | -10.307.367 | |
2 Administration expenses (administrative costs) (ADP 161 to 163) | 160 | -43.476.176 | -534.470.481 | -577.946.657 | -39.290.345 | -570.537.425 | -609.827.770 | |
2.1 Depreciation | 161 | -4.530.040 | -77.452.048 | -81.982.088 | -3.793.150 | -80.688.980 | -84.482.130 | |
2.2 Salaries, taxes and contributions from/on salaries | 162 | -17.670.782 | -191.993.441 | -209.664.223 | -15.386.431 | -194.381.457 | -209.767.888 | |
2.3 Other administration expenses | 163 | -21.275.354 | -265.024.992 | -286.300.346 | -20.110.764 | -295.466.988 | -315.577.752 | |
XI Investment expenses (ADP 165 to 171) | 164 | -18.673.547 | -108.422.268 | -127.095.815 | -16.625.735 | -126.054.094 | -142.679.829 | |
1 Depreciation of land and buildings not occupied by an undertaking for its | 165 | 0 | 0 | 0 | 0 | 0 | 0 | |
own activities | ||||||||
2 Interest | 166 | -1.436.726 | -10.707.963 | -12.144.689 | -1.219.100 | -12.297.162 | -13.516.262 | |
3 Impairment of investments | 167 | -1.159.548 | -6.280.048 | -7.439.596 | -24.181 | -2.425.582 | -2.449.763 | |
4 Realised loss on investments | 168 | -9.667.064 | -24.903.404 | -34.570.468 | -3.766.324 | -14.049.330 | -17.815.654 | |
5 Unrealised loss on investments | 169 | -3.442.073 | -8.693.886 | -12.135.959 | -1.233.800 | -10.560.983 | -11.794.783 | |
6 Net negative exchange rate differences | 170 | 0 | 0 | 0 | -8.404.454 | -5.624.503 | -14.028.957 | |
7 Other investment expenses | 171 | -2.968.136 | -57.836.967 | -60.805.103 | -1.977.876 | -81.096.534 | -83.074.410 | |
XII Other technical expenses, net of reinsurance (ADP 173+174) | 172 | -1.482.507 | -60.622.778 | -62.105.285 | -1.828.013 | -60.748.579 | -62.576.592 | |
1 Expenses of preventive activities | 173 | 0 | -1.342.950 | -1.342.950 | 0 | -933.420 | -933.420 | |
2 Other technical expenses of insurance | 174 | -1.482.507 | -59.279.828 | -60.762.335 | -1.828.013 | -59.815.159 | -61.643.172 | |
XIII Other activities, including value adjustments | 175 | -15.422 | -6.660.003 | -6.675.425 | -10.816 | -2.701.386 | -2.712.202 | |
XIV Profit or loss for the accounting period before tax (+/-) | (ADP | 176 | 41.939.203 | 349.649.583 | 391.588.786 | 16.196.441 | 421.857.348 | 438.053.789 |
118+124+132 to 135+142+149+152+155+164+172+175) | ||||||||
XV Profit or loss tax (ADP 178+179) | 177 | -6.431.326 | -56.956.605 | -63.387.931 | -2.930.137 | -72.366.379 | -75.296.516 | |
1 Current tax expense | 178 | -6.180.005 | -56.390.321 | -62.570.326 | -3.278.194 | -76.244.353 | -79.522.547 | |
2 Deferred tax expense (income) | 179 | -251.321 | -566.284 | -817.605 | 348.057 | 3.877.974 | 4.226.031 | |
XVI Profit or loss for the accounting period after tax (+/-) (ADP 176+177) | 180 | 35.507.877 | 292.692.978 | 328.200.855 | 13.266.304 | 349.490.969 | 362.757.273 | |
1 Attributable to owners of the parent | 181 | 35.399.544 | 292.502.525 | 327.902.069 | 13.335.331 | 349.007.015 | 362.342.346 | |
2 Attributable to non-controlling interest | 182 | 108.333 | 190.453 | 298.786 | -69.027 | 483.954 | 414.927 | |
XVII TOTAL INCOME (ADP 118+124+132+133+134+179) | 183 | 715.173.809 | 2.963.776.977 | 3.678.950.786 | 663.703.465 | 3.168.681.886 | 3.832.385.351 | |
XVIII TOTAL EXPENSES (ADP 135+142+149+152+155+164+172+175+178) | 184 | -679.665.932 | -2.671.083.999 | -3.350.749.931 | -650.437.161 | -2.819.190.917 | -3.469.628.078 | |
IX Other comprehensive income (ADP 186 to 193) | 185 | 5.335.699 | -44.310.267 | -38.974.568 | -34.476.421 | 164.491.176 | 130.014.755 | |
1 Gains/losses arising from translation of financial statements relating to | 186 | 980.379 | 2.067.723 | 3.048.102 | -219.496 | -455.052 | -674.548 | |
foreign operations | ||||||||
2 Gains/losses arising from the revaluation of financial assets available for | 187 | 4.427.101 | -49.754.967 | -45.327.866 | -41.213.864 | 207.625.838 | 166.411.974 | |
sale | ||||||||
3 Gains/losses arising from the revaluation of land and buildings occupied by | 188 | 0 | -6.360.768 | -6.360.768 | 0 | -4.914.032 | -4.914.032 | |
an undertaking for its own activities | ||||||||
4 Gains/losses arising from the revaluation of other tangible (other than land | 189 | 0 | 0 | 0 | 0 | 0 | 0 | |
and property) and intangible assets | ||||||||
5 Effects of cash flow hedging instruments | 190 | 0 | 0 | 0 | 0 | 0 | 0 | |
6 Actuarial gains/losses on pension plans with defined pensions | 191 | 0 | 0 | 0 | 0 | 0 | 0 | |
7 Share in other comprehensive income of associates | 192 | 0 | 0 | 0 | 0 | 0 | 0 | |
8 Income tax on other comprehensive income | 193 | -71.781 | 9.737.745 | 9.665.964 | 6.956.939 | -37.765.578 | -30.808.639 | |
XX Total comprehensive income (ADP 180 +185) | 194 | 40.843.576 | 248.382.711 | 289.226.287 | -21.210.117 | 513.982.145 | 492.772.028 | |
1 Attributable to owners of the parent | 195 | 40.727.515 | 248.203.386 | 288.930.901 | -21.141.978 | 513.496.650 | 492.354.672 | |
2 Attributable to non-controlling interests | 196 | 116.061 | 179.325 | 295.386 | -68.139 | 485.495 | 417.356 | |
XXI Reclassification adjustments | 197 | 0 | 0 | 0 | 0 | 0 | 0 |
5
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Croatia osiguranje dd published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 15:47:32 UTC.
