UNIQA Group Report 2010 - Consolidated Balance Sheet

Assets			Notes	31 Dec. 2010 € 000	31 Dec. 2009 € 000	1 Jan. 2009 € 000
A.	Tangible assets
	I.	Self-used land and buildings	1	268,563	230,077	220,565
	II.	Other tangible assets	2	138,657	132,447	113,412
				407,220	362,524	333,977
B.	Land and buildings held as financial investments		3	1,465,297	1,433,091	1,147,634
C.	Intangible assets
	I.	Deferred acquisition costs	4	885,646	877,394	872,003
	II.	Goodwill	5	592,402	607,191	500,969
	III.	Other intangible assets	6	31,400	31,875	34,424
				1,509,448	1,516,459	1,407,396
D.	Shares in associated companies		7	546,444	717,163	851,382
E.	Investments
	I.	Variable-yield securities
		1. Available for sale	9	1,751,520	1,321,142	1,397,749
		2. At fair value through profit or loss		694,424	706,219	948,998
				2,445,944	2,027,361	2,346,747
	II.	Fixed interest securities
		1. Held to maturity	8	340,000	340,000	448,957
		2. Available for sale	9	11,198,539	9,879,620	8,605,679
		3. At fair value through profit or loss		317,383	246,936	271,468
				11,855,922	10,466,556	9,326,105
	III.	Loans and other investments
		1. Loans	11	2,442,231	2,943,107	3,201,817
		2. Cash at credit institutions	12	863,652	1,201,925	1,457,298
		3. Deposits with ceding companies	12	136,794	136,149	129,405
				3,442,677	4,281,180	4,788,519
	IV.	Derivative financial instruments
		1. Variable-yield	10	6,239	3,606	15,898
		2. Fixed interest	10	22,013	8,252	3,179
				28,252	11,858	19,077
				17,772,793	16,786,955	16,480,448
F.	Investments held on account and at risk of life insurance policyholders		24	4,192,730	3,473,553	2,642,462
G.	Share of reinsurance in technical provisions
	I.	Provision for unearned premiums	19	20,755	20,341	26,853
	II.	Actuarial provision	20	448,708	448,599	431,387
	III.	Provision for outstanding claims	21	239,975	293,762	265,344
	IV.	Provision for profit-unrelated premium refunds	22	33	99	225
	V.	Provision for profit-related premium refunds, i.e. policyholder profit sharing	22	0	0	0
	VI.	Other technical provisions		3,005	3,649	5,529
			23	712,476	766,450	729,338
H.	Share of reinsurance in technical provisions held on account and at risk of life insurance policyholders		24	396,542	382,338	382,480
I.	Receivables including receivables under insurance business		13
	I.	Reinsurance receivables		39,741	52,558	46,766
	II.	Other receivables		912,855	916,653	835,119
	III.	Other assets		54,819	50,690	50,432
				1,007,415	1,019,902	932,317
J.	Receivables from income tax		14	46,111	40,348	54,077
K.	Deferred tax assets		15	105,821	96,295	69,096
L.	Liquid funds			532,903	797,658	567,853
Total assets				28,695,200	27,392,735	25,598,461


Equity and Liabilities			Notes	31 Dec. 2010 € 000	31 Dec. 2009 € 000	1 Jan. 2009 € 000
A.	Total equity
	I.	Shareholders' equity	16
		1. Subscribed capital and capital reserves		540,681	540,681	390,681
		2. Revenue reserves		731,217	724,523	809,227
		3. Revaluation reserves		–15,639	10,600	11,570
		4. Actuarial gains and losses on defined benefit plans		–22,287	7,057	18,660
		5. Group total profit		57,617	50,201	34,577
				1,291,589	1,333,063	1,264,714
	II.	Minority interests in shareholders' equity	17	245,051	231,720	194,062
				1,536,641	1,564,782	1,458,776
B.	Subordinated liabilities		18	575,000	575,000	580,544
C.	Technical provisions
	I.	Provision for unearned premiums	19	594,822	552,569	521,637
	II.	Actuarial provision	20	16,479,742	16,055,368	15,601,625
	III.	Provision for outstanding claims	21	2,392,372	2,299,943	2,175,342
	IV.	Provision for profit-unrelated premium refunds	22	49,472	47,588	46,135
	V.	Provision for profit-related premium refunds, i.e. policyholder profit sharing	22	164,695	196,565	–5,229
	VI.	Other technical provisions		47,392	47,677	49,452
			23	19,728,494	19,199,710	18,388,962
D.	Technical provisions for life insurance policies held on account and at risk of life insurance policyholders		24	4,142,636	3,416,231	2,579,997
E.	Financial liabilities
	I.	Liabilities from loans	25	48,505	55,356	189,053
	II.	Derivatives	10	3,663	26,939	7,087
				52,168	82,295	196,140
F.	Other provisions
	I.	Pensions and similar provisions	26	524,376	466,837	436,478
	II.	Other provisions	27	201,149	192,327	207,919
				725,526	659,164	644,397
G.	Payables and other liabilities		28
	I.	Reinsurance liabilities		889,550	872,587	869,258
	II.	Other payables		660,339	650,881	567,129
	III.	Other liabilities		14,662	10,854	11,122
				1,564,551	1,534,321	1,447,509
H.	Liabilities from income tax		29	56,170	48,732	57,294
I.	Deferred tax liabilities		30	314,014	312,499	244,841
Total equity and liabilities				28,695,200	27,392,735	25,598,461

To increase transparency in the reporting process, the UNIQA Group has decided to exercise the right stipulated in IAS 19.93A ff concerning balancing the accounts of pension and severance payment provisions, and to implement this change as of 31 December 2010. From now on, the amount of the actuarial gains and losses will therefore be reported as shareholders’ equity, after deducting deferred taxes and deferred profit participation, without affecting income. In accordance with IAS 8, the amounts of the previous year have been adjusted to reflect this.

			2009 after change € 000	2009 before change € 000	2009 change € 000
Consolidated Balance Sheet
I.	Shareholders' equity
	4.	Actuarial gains and losses on defined benefit plans	7,057	0	7,057
	5.	Group total profit	50,201	57,258	–7,057
Consolidated Income Statement
5.	Net investment income		751,656	751,603	53
7.	Insurance benefits		–4,056,446	–4,054,442	–2,004
	a)	Gross	–4,284,398	–4,282,394	–2,004
8.	Operating expenses		–1,267,206	–1,283,750	16,544
	b)	Other operating expenses	–412,852	–429,396	16,544
9.	Other expenses		–119,947	–123,052	3,105
11.	Operating profit		135,118	117,420	17,698
15.	Profit on ordinary activities		100,026	82,328	17,698
16.	Income taxes		–44,362	–39,596	–4,766
17.	Net profit		55,664	42,732	12,932
	of which consolidated profit		25,672	14,115	11,557
	of which minority interests		29,993	28,618	1,375
Earnings per share			0.19	0.11	0.08

The following parts of the Group report are, in accordance with IAS 8, affected by the change in the balancing of the accounts of defined benefit plans: the consolidated balance sheet, consolidated income statement, comprehensive income statement, Group cash flow statement, development of equity, segment reports, earnings per share and the details in the notes.

	2009 after change € 000	2009 before change € 000	2009 change € 000
Classified by region
Net investment income
Austria	617,996	617,943	53
In the consolidated financial statements	751,656	751,603	53
Insurance benefits (net)
Austria	–2,738,835	–2,736,831	–2,004
In the consolidated financial statements	–4,056,446	–4,054,442	–2,004
Operating expenses
Austria	–735,700	–749,534	13,834
Germany	–134,293	–137,003	2,710
In the consolidated financial statements	–1,267,206	–1,283,750	16,544
Profit on ordinary activities
Austria	86,143	74,115	12,028
Germany	15,217	9,547	5,670
In the consolidated financial statements	100,026	82,328	17,698