Group Report 2023

19. Non-controlling interests

Non-controlling interests are measured at the acquisition date with their proportionate share in the identifiable net 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 LLC3)

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

Total

At 1 January 2022

5,192

8,330

4,688

18,210

Profit/(loss) for the period

–1,313

166

897

–251

Other comprehensive income

211

3,366

–149

3,428

Other changes in equity

–269

0

–3,369

–3,639

At 31 December 2022

3,820

11,862

2,067

17,749

At 1 January 2023

3,820

11,862

2,067

17,749

Profit/(loss) for the period

1,800

–310

–371

1,119

Other comprehensive income

10

–745

883

148

Other changes in equity

1,194

–10

–283

901

At 31 December 2023

6,823

10,797

2,296

19,916
Share of assets and liabilities2)

In € thousand

SIGAL Group1)

Raiffeisen Life Insurance Company LLC3)

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

Total

31/12/2023

31/12/2022

31/12/2023

31/12/2022

31/12/2023

31/12/2022

31/12/2023

31/12/2022

Assets

 

 

 

 

 

 

 

 

Current assets

495

458

1,143

703

489

669

2,127

1,830

Non-current assets

21,909

18,854

70,728

99,044

15,158

12,895

107,795

130,792

Cash

494

373

3,239

2,475

769

618

4,502

3,467

 

22,897

19,684

75,110

102,222

16,417

14,182

114,425

136,089

Liabilities

 

 

 

 

 

 

 

 

Current liabilities

855

843

429

265

761

743

2,045

1,851

Non-current liabilities

15,219

15,021

63,885

90,095

13,361

11,372

92,464

116,489

 

16,074

15,864

64,314

90,360

14,121

12,115

94,509

118,340

Net assets

6,823

3,820

10,797

11,862

2,296

2,067

19,916

17,749

1)

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

2)

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

3)

The sale of Raiffeisen Life Insurance Company LLC was classified as a discontinued operation as at the reporting date.
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.
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