Income Statement
For the year ended 31 December
| In CZK million | Note | 2014 | 2013 |
|---|---|---|---|
| Net earned premiums revenue | F.15. | 21,103 | 21,731 |
Insurance premium revenue | 31,717 | 32,335 | |
Insurance premium ceded to reinsurers | (10,614) | (10,604) | |
| Interest and other investment income | F.16. | 2,280 | 2,487 |
| Income from subsidiaries | F.17. | 540 | 178 |
| Other income from financial instruments and other investments | F.16. | 1,335 | 1,519 |
| Net income/loss from financial instruments at fair value through profit or loss | F.18. | (1,913) | (991) |
| Other income | F.19. | 2,585 | 3,093 |
| Total income | 25,930 | 28,017 | |
| Net insurance benefits and claims | F.20. | (13,762) | (14,731) |
Gross insurance benefits and claims | (18,430) | (20,583) | |
Reinsurers' share | 4,668 | 5,852 | |
| Interest expense | F.21. | (21) | (38) |
| Expenses from subsidiaries | F.23. | (7) | (4) |
| Other expenses for financial instruments and other investments | F.22. | (715) | (1,792) |
| Acquisition costs | F.24. | (3,029) | (3,282) |
| Administration costs | F.24. | (2,229) | (2,192) |
| Other expenses | F.25. | (1,800) | (1,500) |
| Total expenses | (21,563) | (23,539) | |
| Profit before tax | 4,367 | 4,478 | |
| Income tax expense | F.26. | (731) | (751) |
| Net profit for the year | 3,636 | 3,727 | |
| Weighted average number of shares | 40,000 | 40,000 | |
| Basic and Diluted earnings per share (CZK) | F.30. | 90,903 | 93,159 |