Annual report 2020
BALANCE SHEET, 31 December 2020
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
| A. Intangible assets |
7,021 |
328 |
7,907 |
209 |
8,444 |
| B. Investments |
135,505 |
97,271 |
65,390 |
0 |
162,661 |
| I. Real estate |
1,828 |
0 |
2,069 |
0 |
2,069 |
| of which: self-occupied real estate |
1,828 |
0 |
2,069 |
0 |
2,069 |
| II. Investments in affiliated undertakings |
6,037 |
2 |
3,140 |
0 |
3,142 |
| 1. Equity investments in parent companies and subsidiaries |
5,333 |
2 |
3,140 |
0 |
3,142 |
| 2. Debt securities issued by, and loans to, parent company and subsidiaries |
704 |
0 |
0 |
0 |
0 |
| 3. Equity investments in joint companies |
0 |
0 |
0 |
0 |
0 |
| 4. Debt securities issued by, and loans to, joint companies |
0 |
0 |
0 |
0 |
0 |
| III. Other investments |
127,640 |
97,269 |
60,181 |
0 |
157,450 |
| 1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a significant participating interest |
19,533 |
6,376 |
14,983 |
0 |
21,359 |
| 2. Debt securities (except II/2. and II/4.) |
107,723 |
90,370 |
45,198 |
0 |
135,568 |
| 3. Participation in investment pools |
0 |
0 |
0 |
0 |
0 |
| 4. Loans guaranteed by mortgages (except II/2. and II/4. and III/5.) |
0 |
0 |
0 |
0 |
0 |
| 5. Other loans (except II/2. and II/4. and III/4.) |
384 |
523 |
0 |
0 |
523 |
| 6. Deposits with credit institutions |
0 |
0 |
0 |
0 |
0 |
| 7. Other investments |
0 |
0 |
0 |
0 |
0 |
| IV. Deposits with ceding undertakings |
0 |
0 |
0 |
0 |
0 |
| V. Revaluation of investments |
0 |
0 |
0 |
0 |
0 |
| VI: Investment valuation difference |
0 |
0 |
0 |
0 |
0 |
| C. Investments for the benefit of unit-linked life insurance policyholders |
69,889 |
72,111 |
0 |
0 |
72,111 |
| D. Debtors |
5,851 |
1,583 |
4,913 |
0 |
6,496 |
| I. Debtors arising out of direct insurance operations |
3,462 |
572 |
3,444 |
0 |
4,016 |
| 1. Policyholders |
2,740 |
554 |
2,405 |
0 |
2,959 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| 2. Claims on insurance intermediaries |
175 |
18 |
134 |
0 |
152 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| 3. Other debtors arising out of direct insurance activity |
547 |
0 |
905 |
0 |
905 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| II. Debtors arising out of reinsurance operations |
134 |
0 |
654 |
0 |
654 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| III. Reinsurers’ share of the life assurance reserve |
0 |
0 |
0 |
0 |
0 |
| IV. Other debtors |
2,255 |
1,011 |
815 |
0 |
1,826 |
| of which: a) affiliated undertakings |
397 |
0 |
334 |
0 |
334 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| V. Debtors valuation difference |
0 |
0 |
0 |
0 |
0 |
| VI. Derivatives valuation difference |
0 |
0 |
0 |
0 |
0 |
| E. Other assets |
8,061 |
877 |
3,847 |
2 |
4,726 |
| 1. Tangible assets (other than land and buildings), inventories |
1950 |
216 |
1,553 |
2 |
1,771 |
| 2. Cash at bank and in hand |
6,111 |
661 |
2,294 |
0 |
2,955 |
| 3. Repurchased own shares |
0 |
0 |
0 |
0 |
0 |
| 4. Other |
0 |
0 |
0 |
0 |
0 |
| F. Prepayments and accrued income |
7,297 |
5,492 |
1,640 |
0 |
7,132 |
| 1. Accrued interest and rent |
930 |
996 |
320 |
0 |
1,316 |
| 2. Deferred acquisition costs |
4,044 |
3,926 |
0 |
0 |
3,926 |
| 3. Other prepayments and accrued income |
2,323 |
570 |
1,320 |
0 |
1,890 |
| Total assets |
233,624 |
177,662 |
83,697 |
211 |
261,570 |
| Budapest, 29 April 2021 |
……………………………………… |
|
……………………………………… |
……………………………………… |
BALANCE SHEET, 31 December 2020
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year |
Current year |
|||
|
Total |
Life |
Non-life |
Other, unallocated |
Total |
|
|
a |
b |
c |
d |
e |
|
| A. Capital and reserves |
34,411 |
14,951 |
27,152 |
211 |
42,314 |
| I. Subscribed capital |
6,374 |
3,633 |
2,741 |
0 |
6,374 |
| of which: repurchased participation at nominal value |
0 |
0 |
0 |
0 |
0 |
| II. Subscribed capital not yet paid up (-) |
0 |
0 |
0 |
0 |
0 |
| III. Capital reserve |
5,472 |
3,119 |
2,353 |
0 |
5,472 |
| IV. Retained earnings (+/-) |
7,520 |
4,032 |
11,020 |
181 |
15,233 |
| V. Restricted reserve |
851 |
311 |
521 |
0 |
832 |
| VI. Revaluation reserve |
0 |
0 |
0 |
0 |
0 |
| 1. Reserve of revaluation |
0 |
0 |
0 |
0 |
0 |
| 2. Reserve of fair value |
0 |
0 |
0 |
0 |
0 |
| Of which: to the policyholders |
0 |
0 |
0 |
0 |
0 |
| VII. Net Profit |
14,194 |
3,856 |
10,517 |
30 |
14,403 |
| B. Subordinated liabilities |
0 |
0 |
0 |
0 |
0 |
| C. Technical provisions |
111,834 |
81,755 |
41,061 |
0 |
122,816 |
| 1. Provision for unearned premiums [a) + b)] |
11,311 |
153 |
13,374 |
0 |
13,827 |
| a) gross amount |
11,465 |
165 |
14,016 |
0 |
14,181 |
| b) reinsurance amount (-) |
154 |
12 |
342 |
0 |
354 |
| 2. Actuarial provisions |
75,231 |
75,687 |
5,956 |
0 |
81,643 |
| a) life assurance premium provision [aa)+ab)] |
68,070 |
75,687 |
0 |
0 |
75,687 |
| aa). gross amount |
68,070 |
75,687 |
0 |
0 |
75,687 |
| of which: reinsurance amount |
0 |
0 |
0 |
0 |
0 |
| ab). reinsurance amount (risk insurance) (-) |
0 |
0 |
0 |
0 |
0 |
| b) health insurance premium provisions [ba)+bb)] |
0 |
0 |
0 |
0 |
0 |
| ba). gross amount |
0 |
0 |
0 |
0 |
0 |
| bb). reinsurance amount |
0 |
0 |
0 |
0 |
0 |
| c) accident insurance annuity provision |
9 |
0 |
8 |
0 |
8 |
| ca). gross amount |
9 |
0 |
8 |
0 |
8 |
| cb). reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| d) liability insurance annuity provision [da)+db)] |
7,152 |
0 |
5,948 |
0 |
5,948 |
| da). gross amount |
7,486 |
0 |
6,265 |
0 |
6,265 |
| db). reinsurance amount (-) |
334 |
0 |
317 |
0 |
317 |
| 3. Claims outstanding [a)+b)] |
24,353 |
5,280 |
20,981 |
0 |
26,261 |
| a) case by case [aa)+ab)] |
17,137 |
4,680 |
13,528 |
0 |
18,208 |
| aa) gross amount |
18,307 |
4,733 |
14,323 |
0 |
19,056 |
| ab) reinsurance amount (-) |
1,170 |
53 |
795 |
0 |
848 |
| b) IBNR provision [ba)+bb)] |
7,216 |
600 |
7,453 |
0 |
8,053 |
| ba) gross amount |
7,249 |
611 |
7,470 |
0 |
8,081 |
| bb) reinsurance amount (-) |
33 |
11 |
17 |
0 |
28 |
| 4. Premium reimbursement provisions [a)+b)] |
93 |
79 |
43 |
0 |
122 |
| a) Profit-dependent [aa)+ab)] |
35 |
0 |
35 |
0 |
35 |
| aa) gross amount |
35 |
0 |
35 |
0 |
35 |
| ab) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| b) Profit-independent [ba)+bb)] |
58 |
79 |
8 |
0 |
87 |
| ba) gross amount |
58 |
79 |
8 |
0 |
87 |
| bb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| 5. Equalisation provision |
115 |
0 |
115 |
0 |
115 |
| 6. Other provisions [a)+b)+c)] |
731 |
556 |
292 |
0 |
848 |
| a) Large claims provisions |
21 |
0 |
0 |
0 |
0 |
| b) Cancellation provisions [ba)+bb)] |
589 |
448 |
292 |
0 |
740 |
| ba) gross amount |
624 |
446 |
310 |
0 |
756 |
| bb) reinsurance amount (-) |
35 |
-2 |
18 |
0 |
16 |
| c) Other technical provisions [ca)+cb)] |
121 |
108 |
0 |
0 |
108 |
| ca) gross amount |
121 |
108 |
0 |
0 |
108 |
| cb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| D. Technical provisions for unit-linked life assurance policyholders (1+2) |
69,889 |
72,111 |
0 |
0 |
72,111 |
| 1) gross amount |
69,889 |
72,111 |
0 |
0 |
72,111 |
| 2) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| E. Specific provisions |
1,306 |
1,197 |
1,031 |
0 |
2,228 |
| 1. Provisions for contingent sliabilities |
1,201 |
1,093 |
1,031 |
0 |
2,124 |
| 2. Provisions for future expenses |
105 |
104 |
0 |
0 |
104 |
| 3. Other provisions |
0 |
0 |
0 |
0 |
0 |
| F. Deposits received from reinsurers |
0 |
0 |
0 |
0 |
0 |
| G. Creditors |
9,533 |
4,752 |
11,772 |
0 |
16,524 |
| I. Creditors arising out of direct insurance operations |
5,129 |
943 |
5,296 |
0 |
6,239 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| II. Creditors arising out of reinsurance operations |
383 |
0 |
229 |
0 |
229 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| III. Creditors arising out of bond issues |
0 |
0 |
0 |
0 |
0 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| IV. Credits |
0 |
0 |
0 |
0 |
0 |
| of which: a) affiliated undertakings |
0 |
0 |
0 |
0 |
0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| V. Other creditors |
4,021 |
3,809 |
6,247 |
0 |
10,056 |
| of which: a) affiliated undertakings |
1,045 |
2,310 |
5,298 |
0 |
7,608 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests |
0 |
0 |
0 |
0 |
0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests |
0 |
0 |
0 |
0 |
0 |
| VI. Creditors valuation difference |
0 |
0 |
0 |
0 |
0 |
| VII. Derivatives valuation difference |
0 |
0 |
0 |
0 |
0 |
| H. Accruals and deferred income |
6,651 |
2,896 |
2,681 |
0 |
5,577 |
| 1. Accrued income |
2 |
2 |
0 |
0 |
2 |
| 2. Accrued costs and expenditure |
6,625 |
2,876 |
2,681 |
0 |
5,557 |
| 3. Deferred income |
24 |
18 |
0 |
0 |
18 |
| Total liabilities and equity |
233,624 |
177,662 |
83,697 |
211 |
261,570 |
| Budapest, 29 April 2021 |
……………………………………… |
|
……………………………………… |
……………………………………… |
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31 December 2020
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
|
Description |
Previous year, total |
Current year, total |
| A) Non-life insurance business |
a |
b |
| 01. Earned premiums, net of reinsurance |
81,066 |
87,335 |
| a) gross premiums written |
85,540 |
91,429 |
| b) outward reinsurance premiums (-) |
2,651 |
2,460 |
| c) change in the gross provision for unearned premiums (+/-) |
1,900 |
1,511 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
-77 |
123 |
| 02. Profit from investments to be returned to policyholders (same as C/06.) |
0 |
0 |
| 03. Other technical income |
607 |
495 |
| 04. Claims incurred |
33,365 |
34,903 |
| a) claims paid and claim settlement expenses |
33,055 |
33,755 |
| aa) claim payments |
30,129 |
30,789 |
| 1. gross amount |
30,229 |
31,448 |
| 2. reinsurers’ share (-) |
100 |
659 |
| ab) claim settlement expenses |
3,349 |
3,443 |
| ac) income from claim recovery and claim settlement expense reimbursement (-) |
423 |
477 |
| b) changes in the provision for claims outstanding (+/-) |
310 |
1,148 |
| ba) case-by-case |
-308 |
244 |
| 1. gross amount |
269 |
-472 |
| 2. reinsurers’ share (-) |
577 |
-716 |
| bb) IBNR |
618 |
904 |
| 1. gross amount |
631 |
867 |
| 2. reinsurers’ share (-) |
13 |
-37 |
| 05. Changes in actuarial provisions (+/-) |
66 |
-1,216 |
| a) changes in the health insurance premium provision (+/-) |
0 |
0 |
| aa) gross amount |
0 |
0 |
| ab) reinsurers’ share (-) |
0 |
0 |
| b) changes in the accident insurance annuity provision (+/-) |
-1 |
-2 |
| ba) gross amount |
-1 |
-2 |
| bb) reinsurers’ share (-) |
0 |
0 |
| c) changes in the liability insurance annuity provisions (+/-) |
67 |
-1,214 |
| ca) gross amount |
116 |
-1,238 |
| cb) reinsurers’ share (-) |
49 |
-24 |
| 06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) |
2 |
-26 |
| a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
| aa) gross amount |
0 |
0 |
| ab) reinsurers’ share (-) |
0 |
0 |
| b) profit-independent premium reimbursement provisions (+/-) |
2 |
-26 |
| ba) gross amount |
2 |
-26 |
| bb) reinsurers’ share (-) |
0 |
0 |
| 07. Changes in the equalisation provision (+/-) |
0 |
0 |
| 08. Changes in other technical provisions (+/-) |
53 |
17 |
| a) large claim provisions |
0 |
-21 |
| b) cancellation provisions |
53 |
37 |
| ba) gross amount |
35 |
26 |
| bb) reinsurers’ share (-) |
-18 |
-11 |
| c) Changes in other technical provisions (+/-) |
0 |
0 |
| ca) gross amount |
0 |
0 |
| cb) reinsurers’ share (-) |
0 |
0 |
| 09. Net operating expenses |
28,298 |
31,245 |
| a) acquisition costs incurred in the financial year |
18,993 |
19,939 |
| b) change in deferred acquisition costs (+/-) |
0 |
0 |
| c) administrative expenses (except investment costs) |
9,415 |
11,324 |
| d) reinsurance commissions and profit participation (-) |
110 |
18 |
| 10. Other technical charges |
10,486 |
13,014 |
| A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) |
9,403 |
9,893 |
|
Description |
Previous year, total |
Current year, total |
| B) Life assurance business |
a |
b |
| 01. Earned premiums, net of reinsurance |
42,772 |
46,052 |
| a) gross premiums written |
42,954 |
46,264 |
| b) outward reinsurance premiums (-) |
195 |
195 |
| c) change in the provision for unearned premiums (+/-) |
-62 |
-15 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
49 |
32 |
| 02. Technical income from investments |
3,206 |
3,515 |
| a) income from participating interests |
0 |
0 |
| of which: derived from affiliated undertakings |
0 |
0 |
| b) income from other investments |
3,105 |
3,395 |
| of which: derived from affiliated undertakings |
0 |
0 |
| ba) income from tangible assets related to the insurance portfolio |
0 |
0 |
| bb) interest received and interest type income |
3,105 |
3,395 |
| c) gains on the realisation of investments, other investment income |
101 |
120 |
| d) allocated investment return transferred from life assurance (same as C/05.) (-) |
0 |
0 |
| 03. Unrealised gains on investments |
8,563 |
12,183 |
| Of which: valuation difference |
0 |
0 |
| 04. Other technical income |
134 |
24 |
| 05. Claims incurred |
25,639 |
24,150 |
| a) claims paid and claim settlement expenses |
24,800 |
23,689 |
| aa) claims paid |
24,589 |
23,489 |
| 1. gross amount |
24,720 |
23,639 |
| 2. reinsurers’ share (-) |
131 |
150 |
| ab) claim settlement expenses |
235 |
214 |
| ac) income from claim recoveries and claim settlement expense reimbursement (-) |
24 |
14 |
| b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) |
839 |
461 |
| ba) case-by-case |
776 |
380 |
| 1. gross amount |
788 |
414 |
| 2. reinsurers’ share (-) |
12 |
34 |
| bb) IBNR |
63 |
81 |
| 1. gross amount |
64 |
81 |
| 2. reinsurers’ share (-) |
1 |
0 |
| 06. Change in actuarial provisions (+/-) |
5,928 |
7,617 |
| a) change in the life assurance premium provision (+/-) |
5,928 |
7,617 |
| aa) gross amount |
5,928 |
7,617 |
| ab) reinsurers’ share (risk insurance) (-) |
0 |
0 |
| b) change in the health insurance premium provision (+/-) |
0 |
0 |
| ba) gross amount |
0 |
0 |
| bb) reinsurers’ share (-) |
0 |
0 |
| c) change in the accident insurance annuity provision (+/-) |
0 |
0 |
| ca) gross amount |
0 |
0 |
| cb) reinsurers’ share (-) |
0 |
0 |
| 07. Change in the profit-dependent and profit-independent premium reimbursement provision (+/-) |
33 |
30 |
| a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
| aa) gross amount |
0 |
0 |
| ab) reinsurers’ share (-) |
0 |
0 |
| b) profit-independent premium reimbursement provisions (+/-) |
33 |
30 |
| ba) gross amount |
33 |
30 |
| bb) reinsurers’ share (-) |
0 |
0 |
| 08. Change in the equalisation provision (+/-) |
0 |
0 |
| 09. Change in other technical provisions (+/-) |
-40 |
87 |
| a) large claims provisions |
0 |
0 |
| b) change in cancellation technical provisions (+/-) |
-26 |
100 |
| ba) gross amount |
-20 |
67 |
| bb) reinsurers’ share (-) |
6 |
-33 |
| c) change in other technical provisions (+/-) |
-14 |
-13 |
| ca) gross amount |
-14 |
-13 |
| cb) reinsurers’ share (-) |
0 |
0 |
| 10. Change in UL technical provisions (+/-) |
3,193 |
2,222 |
| a) gross amount |
3,193 |
2,222 |
| b) reinsurers’ share (-) |
0 |
0 |
| 11. Net operating expenses |
11,383 |
11,705 |
| a) acquisition costs incurred in the financial year |
7,383 |
7,429 |
| b) change in deferred acquisition costs (+/-) |
-595 |
118 |
| c) administrative expenses (except investment costs) |
4,595 |
4,158 |
| d) reinsurance commissions and profit participation (-) |
0 |
0 |
| 12. Technical expenditure arising from investments |
710 |
878 |
| a) operating and maintenance charges on investments, including interests paid and interest type expenditure |
420 |
624 |
| b) value adjustment on investments, value re-adjustments on investments (+/-) |
0 |
0 |
| c) losses on the realisation of investments, other investment expenditure |
290 |
254 |
| 13. Unrealised losses on investments |
2,475 |
9,825 |
| Of which: valuation difference |
0 |
0 |
| 14. Other technical charges |
996 |
910 |
| B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) |
4,358 |
4,350 |
|
Description |
Previous year total |
Current year total |
| C) Non-technical accounts |
841 |
765 |
| 01. Dividends and profit sharing received |
2,500 |
3,800 |
| of which: derived from affiliated undertakings |
2,500 |
3,800 |
| of which: revaluation difference |
0 |
0 |
| 02. Interest received and interest type incomes |
1,639 |
3,080 |
| of which: derived from affiliated undertakings |
18 |
9 |
| 03. Income from tangible assets related to the insurance portfolio |
258 |
287 |
| 04. Gains on the realisation of investments, other investment income |
851 |
1,118 |
| 05. Allocated investment return transferred from life assurance (same as B/02/d)) |
0 |
0 |
| 06. Profit from investment to be returned to policyholders (-) (same as A/02.) |
0 |
0 |
| 07. Operating and maintenance charges on investments, including interest paid and interest type expenditure |
-441 |
1,567 |
| of which: revaluation difference |
0 |
0 |
| 08. Value adjustments and re-adjustments on investments (+/-) |
1,007 |
585 |
| 09. Losses on the realisation of investments, other investment expenditure |
1,644 |
1,192 |
| 10. Other income |
2,432 |
2,283 |
| 11. Other expenditure |
4,629 |
6,459 |
| D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) |
14,602 |
15,008 |
| 12. Extraordinary income |
0 |
0 |
| 13. Extraordinary expenditure |
0 |
0 |
| 14. Extraordinary profit (12-13) |
0 |
0 |
| E) PROFIT BEFORE TAXATION (+/-D+/-14) |
14,602 |
15,008 |
| 15. Tax liability |
408 |
605 |
| F) NET PROFIT (+/-E-15) |
14,194 |
14,403 |
| Budapest, 29 April 2021 |
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