11. Assets and liabilities in disposal groups held for sale
In this situation, sales related to the measures taken were concluded in conjunction with the UNIQA 2.0 strategy programme.
Based on the contract of assignment dated 28 July 2015, the approximately 29 per cent stake in Medial Beteiligungs-Gesellschaft mbH (Vienna) (Medial) is recognised below.
The Group Management Board decided on 2 December 2016 to sell the 99.7 per cent holding in the Group company UNIQA Assicurazioni S.p.A. (Italian Group). Assets and liabilities are recorded under assets and liabilities in disposal groups that are classified as held for sale.
Reference is made here to the statements under note 2.4.
The following table shows the assets and liabilities in disposal groups held for sale:
In € thousand |
Medial |
Italian Group |
31/12/2016 |
31/12/2015 |
Assets |
|
|
|
|
Property, plant and equipment |
0 |
21,743 |
21,743 |
0 |
Investment property |
0 |
1,354 |
1,354 |
0 |
Intangible assets |
0 |
112,003 |
112,003 |
0 |
Financial assets accounted for using the equity method |
9,289 |
0 |
9,289 |
9,289 |
Investments |
0 |
4,156,674 |
4,156,674 |
0 |
Unit-linked and index-linked life insurance investments |
0 |
354,215 |
354,215 |
0 |
Reinsurers’ share of technical provisions |
0 |
206,860 |
206,860 |
0 |
Receivables, including insurance receivables |
0 |
163,135 |
163,135 |
0 |
Income tax receivables |
0 |
16,719 |
16,719 |
0 |
Deferred tax assets |
0 |
19,039 |
19,039 |
0 |
Cash and cash equivalents |
0 |
12,697 |
12,697 |
0 |
Assets in disposal groups held for sale |
9,289 |
5,064,439 |
5,073,729 |
9,289 |
In € thousand |
Medial |
Italian Group |
31/12/2016 |
31/12/2015 |
Liabilities |
|
|
|
|
Technical provisions |
0 |
4,213,530 |
4,213,530 |
0 |
Technical provisions for unit-linked and index-linked life insurance |
0 |
354,215 |
354,215 |
0 |
Other provisions |
0 |
10,999 |
10,999 |
0 |
Liabilities and other items classified as liabilities |
0 |
231,068 |
231,068 |
0 |
Income tax liabilities |
0 |
7,641 |
7,641 |
0 |
Deferred tax liabilities |
0 |
44,775 |
44,775 |
0 |
Liabilities in disposal groups held for sale |
0 |
4,862,227 |
4,862,227 |
0 |