UNIQA Group Report 2013 - Consolidated Comprehensive Income Statement

Figures in € thousand

2013

2012¹⁾

1)	The figures of the previous year were adjusted according to IAS 8.42.
2)	The other changes result primarily from currency fluctuations.

Net profit

286,777

166,473

Not included in the income statement in the subsequent period

Actuarial gains and losses on defined benefit plans

Gains (losses) recognised in equity

–32,157

–94,757

Gains (losses) recognised in equity – deferred tax

6,757

18,049

Gains (losses) recognised in equity – deferred profit participation

4,579

21,096

–20,821

–55,612

Included in the income statement in the subsequent period

Foreign currency translation

Gains (losses) recognised in equity

–24,897

11,650

Included in the income statement

–6,332

Unrealised gains and losses on investments

Gains (losses) recognised in equity

–170,192

1,234,070

Gains (losses) recognised in equity – deferred tax

21,194

–168,733

Gains (losses) recognised in equity – deferred profit participation

76,778

–652,986

Included in the income statement

–239,082

–100,122

Included in the income statement – deferred tax

22,813

10,948

Included in the income statement – deferred profit participation

165,931

72,291

Change resulting from valuation at equity

Gains (losses) recognised in equity

–10,979

–2,241

Included in the income statement

–1,710

Other changes²⁾

–1,540

–360

–168,016

404,516

Other result

–188,837

348,904

Comprehensive income

97,940

515,377

of which attributable to UNIQA Insurance Group AG shareholders

95,105

445,810

of which minority interests

2,835

69,566

The figures as of 31 December 2012 and 31 December 2011 were adjusted in accordance with IAS 8.42.

As a result of a reclassification of regulatory reserves of the associated company VALIDA Holding AG from external funds to equity, the at-equity recognition was adjusted in the amount of € 18,371 thousand.

Furthermore, the balance of a clearing account of the Hungarian subsidiary was derecognised. This adjustment increased other liabilities by € 4,829 thousand.

Additionally, the effects of forward purchase agreements and put options connected to past company acquisitions were recognised. This resulted in a change of goodwill, minority interests in shareholders’ equity and other liabilities with a total net effect of € 1,526 thousand.

Finally, deferred taxes (deferred tax assets and liabilities) were adjusted on several grounds. This caused a total net effect of € 353 thousand.

Overall, the adjustments made resulted in an increase of equity of € 12,369 thousand as of 31 December 2012.

In addition, shares in associated companies and other provisions were reclassified as investments available for sale and other liabilities respectively.

The table below shows the effects of the adjustments on the individual items of the consolidated balance sheet, the consolidated income statement and the earnings per share.

Consolidated Balance Sheet			31.12.2012	31.12.2012	31.12.2012
Figures in € thousand			Adjusted	As published in annual report	Adjustment
Assets
C.	Intangible assets		1,417,725	1,414,406	3,318
	II.	Goodwill	523,753	520,435	3,318
D.	Shares in associated companies		544,522	529,602	14,921
E.	Investments		17,869,686	17,866,236	3,450
	I.	Variable-yield securities	1,770,614	1,767,164	3,450
		1. Available for sale	1,399,352	1,395,902	3,450
J.	Receivables from income tax		55,098	54,561	537
K.	Deferred tax assets		128,608	133,504	–4,896
Total assets			30,054,554	30,037,224	17,330
Equity and liabilities
A.	Total equity		2,029,950	2,017,581	12,369
	I.	Shareholders' equity	2,009,299	1,995,309	13,990
		5. Group total profit	67,729	53,739	13,990
	II.	Minority interests in shareholders' equity	20,651	22,272	–1,621
F.	Other provisions		871,009	915,637	–44,627
	II.	Other provisions	304,389	349,017	–44,627
G.	Payables and other liabilities		1,489,275	1,434,438	54,837
	II.	Other payables	570,643	515,807	54,837
H.	Liabilities from income tax		28,623	28,557	67
I.	Deferred tax liabilities		365,590	370,905	–5,316
Total equity and liabilities			30,054,554	30,037,224	17,330

Consolidated Income Statement		2012	2012	2012
Figures in € thousand		after change	before change	change
5.	Net investment income	791,437	791,546	–109
	of which profit from associated companies	16,499	19,053	–2,555
9.	Other expenses	–124,020	–122,954	–1,066
11.	Operating profit	235,131	236,306	–1,175
13.	Profit on ordinary activities	204,176	205,351	–1,175
14.	Income taxes	–47,576	–45,423	–2,153
16.	Net profit	166,473	169,801	–3,328
	of which consolidated profit/loss	127,120	130,225	–3,106
	of which minority interests	39,353	39,575	–222
Earnings per share (in €)		0.75	0.77	–0.02

Consolidated Balance Sheet			31.12.2011	31.12.2011	31.12.2011
Figures in € thousand			Adjusted	As published in annual report	Adjustment
Assets
C.	Intangible assets		1,503,649	1,500,331	3,318
	II.	Goodwill	573,367	570,048	3,318
D.	Shares in associated companies		545,390	530,485	14,906
E.	Investments		17,175,822	17,172,249	3,574
	I.	Variable-yield securities	2,189,002	2,185,429	3,574
		1. Available for sale	1,639,707	1,636,133	3,574
J.	Receivables from income tax		51,586	51,156	430
K.	Deferred tax assets		198,748	206,166	–7,417
Total assets			28,582,469	28,567,658	14,811
Equity and liabilities
A.	Total equity		1,111,281	1,095,584	15,697
	I.	Shareholders' equity	892,971	875,876	17,096
		5. Group total profit	18,704	1,608	17,096
	II.	Minority interests in shareholders' equity	218,309	219,708	–1,399
F.	Other provisions		751,976	788,109	–36,133
	II.	Other provisions	158,957	195,090	–36,133
G.	Payables and other liabilities		1,563,192	1,517,916	45,276
	II.	Other payables	617,402	572,126	45,276
H.	Liabilities from income tax		19,224	19,157	67
I.	Deferred tax liabilities		281,642	291,739	–10,096
Total equity and liabilities			28,582,469	28,567,658	14,811

Consolidated Comprehensive Income Statementfrom 1 January to 31 December 2013

Consolidated Comprehensive Income Statement
from 1 January to 31 December 2013