26. Financial liabilities

In July 2020 UNIQA Insurance Group AG issued a senior bond in the amount of €600 million at an issue price of 99.436 per cent of the nominal amount. It has a term of ten years at a nominal interest rate of 1.375 per cent. The proceeds are used to finance the purchase of former AXA companies in Poland, the Czech Republic and Slovakia.

Carrying amounts

In € thousand

 

Long term

 

Short term

 

Total

2021

2020

2021

2020

2021

2020

Subordinated liabilities

1,042,838

1,045,451

14,721

24,469

1,057,559

1,069,920

Financial liabilities

 

 

 

 

 

 

Liabilities from bonds and loans

595,534

606,142

3,955

3,955

599,490

610,098

Derivative financial instruments

11,828

292

10,015

1,617

21,843

1,908

Lease liabilities

93,979

73,609

8,005

7,951

101,984

81,560

Total

701,341

680,043

21,975

13,523

723,317

693,566

Changes in financial liabilities

In € thousand

Subordinated liabilities

Liabilities from bonds and loans

Provisions for derivative business

Lease liabilities

Financial liabilities Total

Changes in financial liabilities

At 1 January 2020

870,110

12,004

670

62,842

75,516

945,625

Proceeds from other financing activities

197,826

595,045

0

0

595,045

792,871

Payments from other financing activities

0

–9,046

0

–13,768

–22,815

–22,815

Currency translation

0

0

–7

–343

–350

–350

Change in basis of consolidation

0

8,140

0

29,744

37,883

37,883

Other changes

1,984

3,955

1,246

3,086

8,287

10,271

of which interest expenses

57,762

6,236

0

759

6,995

64,758

of which interest payments (presented as net cash flow from operating activities)

–55,701

0

0

–759

–759

–56,460

At 31 December 2020

1,069,920

610,098

1,908

81,560

693,566

1,763,485

At 1 January 2021

1,069,920

610,098

1,908

81,560

693,566

1,763,485

Proceeds from other financing activities

370,323

0

0

0

0

370,323

Payments from other financing activities

–375,000

–35,954

0

–16,906

–52,860

–427,860

Currency translation

0

0

13

424

438

438

Change in basis of consolidation

0

24,856

0

0

24,856

24,856

Other changes

–7,683

490

19,921

36,906

57,317

49,634

of which interest expenses

124,429

9,335

0

998

10,333

134,762

of which interest payments (presented as net cash flow from operating activities)

–134,408

–8,250

0

–998

–9,248

–143,656

At 31 December 2021

1,057,559

599,490

21,843

101,984

723,317

1,780,876