Consolidated Income Statement
For the year ended 31 December
| (CZK million) | Note | 2014 | 2013 restated |
|---|---|---|---|
| 1 Total income | F. | 28,048 | 31,313 |
| 1.1 Net earned premiums revenue | F.15. | 21,504 | 22,407 |
| 1.1.1 Insurance premium revenue | F.15. | 32,198 | 33,070 |
| 1.1.2 Insurance premium ceded to reinsurer | F.15. | (10,694) | (10,663) |
| 1.2 Fee and commission income and income from financial service activities | F.16. | 500 | 424 |
| 1.3 Net income/(losses) from financial instruments at fair value through profit or loss | F.17. | (3,407) | (1,755) |
of which net income/(losses) from financial investments relating to unit-linked policies | F.17. | 67 | 475 |
| 1.4 Share of results of associates accounted for using the equity method | 51 | 12 | |
| 1.5 Net income / (losses) related to associates and disposal of subsidiaries | F.18. | 22 | (59) |
| 1.6 Income from other financial instruments and investment properties | F.19. | 6,272 | 6,729 |
| 1.6.1 Interest income | F.19. | 4,090 | 4,009 |
| 1.6.2 Other income | F.19. | 763 | 946 |
| 1.6.3 Realized gains | F.19. | 1,327 | 1,768 |
| 1.6.5 Reversal of impairment losses | F.19. | 92 | 6 |
| 1.7 Other income | F.20. | 3,106 | 3,555 |
| 1.8 Gain on bargain purchase | — | — | |
| 2 Total Expenses | F. | (23,498) | (25,954) |
| 2.1 Net insurance benefits and claims | F.21. | (13,845) | (14,764) |
| 2.1.1 Gross insurance benefits and claims | F.21. | (18,558) | (20,639) |
| 2.1.2 Reinsurers' share | F.21. | 4,713 | 5,875 |
| 2.2 Fee and commission expenses and expenses from financial services activities | F.22. | (231) | (231) |
| 2.3 Expenses from other financial instruments and investment properties | F.23. | (2,181) | (3,240) |
| 2.3.1 Interest expense | F.23. | (1,352) | (1,441) |
| 2.3.2 Other expense | F.23. | (182) | (120) |
| 2.3.3 Realized losses | F.23. | (374) | (1,234) |
| 2.3.5 Impairment losses | F.23. | (273) | (445) |
| 2.4 Acquisition and administration costs | F.24. | (5,658) | (6,219) |
| 2.4.1 Commissions and other acquisition costs | F.24. | (3,055) | (3,547) |
| 2.4.2 Investment management expenses | F.24. | (183) | (216) |
| 2.4.3 Other administration costs | F.24. | (2,420) | (2,456) |
| 2.5 Other expenses | F.25. | (1,583) | (1,500) |
Change in net assets attributable to unitholders | – | – | |
EARNINGS BEFORE TAXES | 4,550 | 5,359 | |
Income taxes | F.26. | (828) | (857) |
Profit / (loss) from discontinued operations after tax | – | – | |
NET PROFIT OF THE YEAR | 3,722 | 4,502 | |
Result of the period attributable to the equityholders of the parent | 3,673 | 4,427 | |
of which NET PROFIT/(LOSS) OF THE YEAR attributable to Transformed fund | D.1.2. | (529) | 162 |
Result of the period attributable to non-controlling interests | 49 | 75 |
Basic and Diluted earnings per share for net profit attributable to the equity holders of the parent during the year:
| (CZK thousand) | 2014 | 2013 restated |
|---|---|---|
| - From continuing operations | 92 | 111 |
| - From discontinued operations | – | – |
| Total | 92 | 111 |