The parent company of the UNIQA Group is UNIQA Versicherungen AG. This company is registered in the company registry of the Commercial Court of Vienna under FN 92933 t. In addition to its duties as Group holding company, this company also performs the duties of a Group reinsurer.
|
Related companies and persons |
31 Dec. 2011 |
31 Dec. 2010 |
|
Figures in € thousand |
|
|
|
Receivables and liabilities with affiliated and associated companies as well as related persons |
|
|
|
Receivables |
8,493 |
7,732 |
|
Other receivables |
8,493 |
7,732 |
|
8,493 |
7,732 | |
|
|
|
|
|
Liabilities |
1,605 |
2,848 |
|
Other liabilities |
1,605 |
2,848 |
|
Affiliated companies |
1,546 |
2,749 |
|
Associated companies |
60 |
98 |
|
Income and expenses of affiliated companies as well as related persons |
2011 |
2010 |
|
Figures in € thousand |
|
|
|
Income |
0 |
25 |
|
Investment income |
0 |
25 |
|
Affiliated companies |
0 |
25 |
|
|
|
|
|
Expenses |
4 |
4 |
|
Other expenses |
4 |
4 |
|
Affiliated companies |
4 |
4 |
There were no significant transactions with affiliated companies in this financial year or the previous one.
|
Other financial commitments and contingent liabilities |
31 Dec. 2011 |
31 Dec. 2010 |
|
Figures in € thousand |
|
|
|
Contingent liabilities from risks of litigation |
12,059 |
11,398 |
|
Austria |
0 |
0 |
|
Foreign |
12,059 |
11,398 |
|
Other contingent liabilities |
61 |
100 |
|
Austria |
0 |
0 |
|
Foreign |
61 |
100 |
|
Total |
12,121 |
11,499 |
The companies of the UNIQA Group are involved in court proceedings in Austria and other countries in connection with their ordinary business operations as insurance companies. The result of the pending or threatened proceedings is often impossible to determine or predict.
In consideration of the provisions set aside for these proceedings, the management is of the opinion that these proceedings have no significant effects on the financial situation and the operating earnings of the UNIQA Group.
Serbia (Life) – Option to purchase granted
The Purchase Contract dated 30 March 2006 grants the Seller ("Zepter") a Put Option and the Buyer "UNIQA" a Call Option for the shares that remain with the Seller. These options can be exercised during the period 1 January 2012 to 30 June 2012 on the basis of an independent evaluation at the end of the previous quarter.
Ukraine (Non-Life) – Option to purchase granted
During the incorporation of portions of the Ukrainian company "Closed JSC Credo-Classic Insurance Company" (now "Private JSC UNIQA"), agreements were concluded which obligate UNIQA International Beteiligungs-Verwaltungs GmbH to purchase share packages of the local minority shareholders through option agreements on the basis of a predefined purchase price formula. It was initially agreed to exercise the option in the 2nd quarter of 2012, and this was postponed to the financial year 2016 during an amendment of the transaction contracts in 2011.
|
Figures in € thousand |
2011 |
2010 |
|
Current leasing expenses |
2,276 |
2,099 |
|
|
|
|
|
Future leasing payments due to the financing of the UNIQA Headquarters in Vienna |
|
|
|
Up to 1 year |
5,339 |
5,256 |
|
More than 1 year up to 5 years |
21,364 |
20,831 |
|
More than 5 years |
13,361 |
18,157 |
|
Total |
40,063 |
44,244 |
|
Income from subleasing |
528 |
343 |
We moved into the UNIQA Group headquarters – the UNIQA Tower – in 2004. The aforementioned leasing obligations are based on the investment expenditures in connection with a specific calculatory rate of interest yield.
The auditor fees in this financial year were € 2,601 thousand (2010: € 1,818 thousand). Of these, € 268 thousand (2010: € 262 thousand) were for the audit, € 538 (€ 487 thousand) were for tax advice, € 1,499 thousand (2010: € 901 thousand) were for other certification services and € 296 thousand (2010: € 169 thousand) were for other services.
