4. IAS 8.42 restatements

Presentation of the consolidated statement of cash flows

Restatements have been made compared to the presentation in the previous years. Prior-year amounts have been adjusted accordingly with respect to changes in technical provisions, changes in defined benefit obligations, changes in deferred tax assets and deferred tax liabilities as well as the proceeds from disposal and maturity of other investments.

Unearned revenue liability

As part of the changes to the Group structures resulting from the strategic programme UNIQA 2.0, the measurement of the parts of premiums relating to future years of unit-linked and index-linked life insurance contracts was adjusted. From the reporting date onwards said parts will be recognised as unearned revenue liability under technical provisions. The valuation of deferred acquisition costs and prior-year amounts have been adjusted accordingly.

Assets

In € thousand

31/12/2015
adjusted

31/12/2015
published

31/12/2015
adjustment

Property, plant and equipment

292,989

307,741

–14,752

Intangible assets

1,703,058

1,472,476

230,582

Deferred tax assets

13,115

9,427

3,688

Total assets

33,297,873

33,078,355

219,518

Equity and liabilities

In € thousand

31/12/2015
adjusted

31/12/2015
published

31/12/2015
adjustment

Total equity

 

 

 

Equity attributable to UNIQA Insurance Group AG shareholders

 

 

 

Subscribed capital and capital reserves

1,789,920

1,789,920

0

Treasury shares

–10,857

–10,857

0

Accumulated results

1,365,453

1,373,651

–8,198

 

3,144,516

3,152,714

–8,198

Non-controlling interests

21,853

22,127

–274

 

3,166,369

3,174,841

–8,472

Liabilities

 

 

 

Technical provisions

21,328,061

21,100,072

227,989

Total equity and liabilities

33,297,873

33,078,355

219,518

Consolidated income statement

In € thousand

1-12/2015
adjusted1)

1-12/2015
published

1-12/2015
adjustment

1)

For clarity in the presentation of adjustments, the presentation includes discontinued business operations.

Insurance benefits

 

 

 

Gross

–4,745,094

–4,749,877

4,783

Reinsurers’ share

142,310

142,310

0

 

–4,602,784

–4,607,567

4,783

Operating expenses

 

 

 

Expenses for the acquisition of insurance

–947,796

–950,390

2,594

 

–1,296,101

–1,298,695

2,594

Technical result

207,242

199,864

7,378

 

 

 

 

Operating profit/(loss)

501,480

494,102

7,378

Earnings before taxes

430,218

422,840

7,378

Income taxes

–89,536

–88,254

–1,282

Profit/(loss) for the year

340,682

334,586

6,096

of which attributable to shareholders of UNIQA Insurance Group AG

337,160

331,087

6,073

of which attributable to non-controlling interests

3,521

3,499

22

 

 

 

 

Earnings per share (in €)

1.09

1.07

0.02