24. Non-controlling interests

are measured at the acquisition date with their proportionate share in the identifiable assets of the acquired entity.

Changes in the share in a subsidiary that do not result in a loss of control are recognised directly as equity transactions with non-controlling interests.

Share of equity

In € thousand

Sigal Group1)

Raiffeisen Life Insurance Company LLC

Non-controlling interests that are not material on a stand-alone basis

Total

At 1 January 2020

4,473

13,170

1,756

19,399

Profit/(loss) for the period

621

4,177

78

4,876

Other comprehensive income

–47

–2,405

–1,655

–4,107

Other changes in equity

75

–1,651

6,169

4,593

At 31 December 2020

5,122

13,290

6,348

24,760

At 1 January 2021

5,122

13,290

6,348

24,760

Profit/(loss) for the period

610

3,410

–812

3,207

Other comprehensive income

722

–4,369

–536

–4,182

Other changes in equity

–1,001

–2,630

–477

–4,108

At 31 December 2021

5,454

9,701

4,523

19,678

1)

Albania/Kosovo/North Macedonia as subgroup of the SIGAL Group

Share of assets and liabilities2)

In € thousand

Sigal Group1)

Raiffeisen Life Insurance Company LLC

Non-controlling interests that are not material on a stand-alone basis

Total

31/12/2021

31/12/2020

31/12/2021

31/12/2020

31/12/2021

31/12/2020

31/12/2021

31/12/2020

Assets

 

 

 

 

 

 

 

 

Current assets

2,251

1,768

1,561

1,098

1,855

2,478

5,666

5,344

Non-current assets

17,259

16,485

80,170

80,159

21,441

24,464

118,870

121,108

Cash

419

340

1,264

802

2,018

2,755

3,701

3,897

 

19,929

18,593

82,995

82,059

25,314

29,697

128,238

130,348

Liabilities

 

 

 

 

 

 

 

 

Current liabilities

1,192

1,167

1,702

1,628

1,592

2,042

4,486

4,836

Non-current liabilities

13,283

12,303

71,592

67,141

19,199

21,307

104,075

100,751

 

14,475

13,470

73,294

68,769

20,791

23,349

108,560

105,588

Net assets

5,454

5,122

9,701

13,290

4,523

6,348

19,678

24,760

1)

Albania/Kosovo/North Macedonia as subgroup of the SIGAL Group

2)

The summarised financial information corresponds to the amounts before intercompany eliminations.

Non-controlling interests
Shares in the profit/(loss) that are not attributable to the Group but rather to companies outside the Group that hold shares in affiliated companies.
Net
The part of risk which is assumed but that the insurer/reinsurer does not cede as reinsurance.