CROATIA OSIGURANJE D.D. CONSOLIDATED UNAUDITED
QUARTERLY REPORT,
FOR THE PERIOD
1 January 2022 - 31 December 2022
Zagreb, February 2023
This document is a translation of the original Croatian version and is intended to be used for informational purposes only. While every effort has been made to ensure the accuracy and completeness of the translation, please note that the Croatian original is binding.
CONTENT | |
I. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS | 3 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 4 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) | 6 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 8 |
CONSOLIDATED STATEMENT OF CASH FLOWS - indirect method | 9 |
II. QUARTERLY MANAGEMENT REPORT | 10 |
III. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE | |
PERIOD I-XII 2022 | 16 |
MANAGEMENT BOARD STATEMENT | 31 |
- UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Annex 1
ISSUER'S GENERAL DATA
Reporting period: | 1.1.2022 | to | |
Year: | 2022 | ||
Quarter: | 4 | ||
31.12.2022
Quarterly financial statements
Registration number (MB): | 03276147 | Issuer's home | HR | |||||
Member State code: | ||||||||
Entity's registration number (MBS): | 080051022 | |||||||
Personal identification number (OIB): | 26187994862 | LEI: | 74780000M0GHQ1VXJU20 | |||||
Institution | 199 | |||||||
code: | ||||||||
Name of the issuer: | CROATIA osiguranje d.d. | |||||||
Postcode and town: | 10 000 | ZAGREB | ||||||
Street and house number: | Vatroslava Jagića 33 | |||||||
E-mail address: | info@crosig.hr | |||||||
Web address: | www.crosig.hr | |||||||
Number of employees | 3826 | |||||||
(end of the reporting period): | ||||||||
Consolidated report: | KD | (KN-notconsolidated/KD-consolidated) | KN | KD | ||||
Audited: | RN | (RN-notaudited/RD-audited) | RN | RD |
Names of subsidiaries (according to IFRS): | Registered office: | MB: | ||
CROATIA PREMIUM d.o.o. | ZAGREB | 01885880 | ||
CORE 1 d.o.o. | ZAGREB | |||
04570243 | ||||
AUTO MAKSIMIR VOZILA d.o.o. | ZAGREB | |||
01804812 | ||||
CROATIA OSIGURANJE DD | MOSTAR | |||
20097647 | ||||
MILENIJUM OSIGURANJE A.D. | BEOGRAD | |||
7810318 | ||||
CROATIA OSIGURANJE A.D. - ZA ŽIVOTNA OSIG. | SKOPJE | |||
05920922 | ||||
CROATIA OSIGURANJE A.D. - ZA NEŽIVOTNA OSIG. | SKOPJE | |||
06479570 | ||||
CROATIA OSIGURANJE MIROVINSKO DRUŠTVO D.O.O. | ZAGREB | |||
01731742 | ||||
RAZNE USLUGE D.O.O. - U LIKVIDACIJI | ZAGREB | |||
01892037 | ||||
CROATIA - TEHNIČKI PREGLEDI D.O.O. | ZAGREB | |||
01450930 | ||||
PBZ CROATIA OSIGURANJE DD | ZAGREB | |||
01583999 | ||||
CO ZDRAVLJE D.O.O. | ZAGREB | |||
04837550 | ||||
STRMEC PROJEKT d.o.o. | ZAGREB | |||
02586649 | ||||
AGROSERVIS STP d.o.o. | VIROVITICA | |||
01233033 | ||||
ASTORIA d.o.o. | ZAGREB | |||
080339352 | ||||
CO LOGISTIKA d.o.o. | ZAGREB | |||
081353961 | ||||
Yes | ||||
No |
Bookkeeping firm: | No |
(Yes/No)
(name of the bookkeeping firm)
Contact person: Jelena Matijević
(only name and surname of the contact person) Telephone: 072 00 1884
E-mailaddress: izdavatelji@crosig.hr
Audit firm:
(name of the audit firm)
Certified auditor:
(name and surname)
3
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2022 - 31.12.2022
in HRK
Item
ADP code
Same period of the previous year
Life | Non-life | Total |
Current year
Life | Non-life | Total |
1 | 2 | 3 | 4 | 5(3+4) | 6 | 7 | 8(6+7) | |
I Earned premiums (ADP 119 to 123) | 118 | 539.958.480 | 2.551.488.124 | 3.091.446.604 | 405.391.779 | 2.845.742.844 | 3.251.134.623 | |
1 | Gross w ritten premium | 119 | 540.832.945 | 2.895.385.130 | 3.436.218.075 | 405.219.446 | 3.315.931.649 | 3.721.151.095 |
2 | Value adjustment and charged premium value adjustment | 120 | 0 | 15.652.975 | 15.652.975 | 0 | 6.194.922 | 6.194.922 |
3 | Outw ard reinsurance premiums (-) | 121 | -361.868 | -310.371.494 | -310.733.362 | -421.083 | -375.276.880 | -375.697.963 |
4 | Change of gross provisions for unearned premiums (+/-) | 122 | -544.448 | -66.395.685 | -66.940.133 | 563.472 | -114.798.822 | -114.235.350 |
5 | Change of provisions for unearned premiums, reinsurers' share (+/-) | 123 | 31.851 | 17.217.198 | 17.249.049 | 29.944 | 13.691.975 | 13.721.919 |
II Income from investments (ADP 125 to 131) | 124 | 120.236.134 | 360.324.473 | 480.560.607 | 130.030.061 | 390.512.258 | 520.542.319 | |
1 | Income from branches, associates and joint ventures. | 125 | 3.583.367 | 40.626.932 | 44.210.299 | 5.674.729 | 55.462.578 | 61.137.307 |
2 | Income from investment in land and buildings | 126 | 184.737 | 131.306.984 | 131.491.721 | 80.865 | 136.637.156 | 136.718.021 |
3 | Interest income | 127 | 103.264.193 | 83.722.424 | 186.986.617 | 100.574.277 | 93.142.568 | 193.716.845 |
4 | Unrealised gains on investments | 128 | 4.575.231 | 19.179.511 | 23.754.742 | 2.340.244 | 10.330.214 | 12.670.458 |
5 | Realised gains on investments | 129 | 8.142.096 | 57.109.981 | 65.252.077 | 16.011.371 | 63.393.842 | 79.405.213 |
6 | Net positive exchange rate differences | 130 | 0 | 0 | 0 | 5.332.577 | 16.500.582 | 21.833.159 |
7 | Other income from investments | 131 | 486.510 | 28.378.641 | 28.865.151 | 15.998 | 15.045.318 | 15.061.316 |
III Income from commissions and fees | 132 | 1.874.557 | 38.199.868 | 40.074.425 | 1.565.540 | 56.206.465 | 57.772.005 | |
IV Other insurance-technical income, net amount from | 133 | 944.245 | 43.745.211 | 44.689.456 | 768.720 | 41.790.453 | 42.559.173 | |
reinsurance | ||||||||
V Other income | 134 | 341.992 | 171.046.236 | 171.388.228 | 333.844 | 174.098.011 | 174.431.855 | |
VI Claims incurred, net (ADP 136 + 139) | 135 | -471.854.443 | -1.334.610.702 | -1.806.465.145 | -483.071.147 | -1.461.787.545 | -1.944.858.692 | |
1 Claims settled (ADP 137+138) | 136 | -470.949.859 | -1.368.879.159 | -1.839.829.018 | -473.067.544 | -1.448.315.090 | -1.921.382.634 | |
1.1 Gross amount (-) | 137 | -470.949.859 | -1.601.432.166 | -2.072.382.025 | -473.067.544 | -1.611.567.694 | -2.084.635.238 | |
1.2 Reinsurers' share (+) | 138 | 0 | 232.553.007 | 232.553.007 | 0 | 163.252.604 | 163.252.604 | |
2 Change in the provision for claims (+/-) (ADP 140+141) | 139 | -904.584 | 34.268.457 | 33.363.873 | -10.003.603 | -13.472.455 | -23.476.058 | |
2.1 Gross amount | 140 | -904.584 | 190.744.145 | 189.839.561 | -10.003.603 | -64.163.510 | -74.167.113 | |
2.3 Reinsurers' share | 141 | 0 | -156.475.688 | -156.475.688 | 0 | 50.691.055 | 50.691.055 | |
VII Change in mathematical provision and other technical | 142 | -116.675.846 | -16.202.806 | -132.878.652 | -45.270.448 | -4.180.788 | -49.451.236 | |
provisions, net of reinsurance (ADP 143+146) | ||||||||
1 Change in mathematical provisions (+/-) (ADP 144+145) | 143 | -116.675.846 | 4.755.518 | -111.920.328 | -45.022.249 | 2.938.407 | -42.083.842 | |
1.1 Gross amount (-) | 144 | -116.684.210 | 4.755.518 | -111.928.692 | -45.021.157 | 2.938.407 | -42.082.750 | |
1.2 Reinsurers' share (+) | 145 | 8.364 | 0 | 8.364 | -1.092 | 0 | -1.092 | |
2 Change in other technical provisions, net of reinsurance (+/-) (ADP | 146 | 0 | -20.958.324 | -20.958.324 | -248.199 | -7.119.195 | -7.367.394 | |
147+148) | ||||||||
2.1 Gross amount (-) | 147 | 0 | -21.082.168 | -21.082.168 | -248.199 | -7.119.185 | -7.367.384 | |
2.2 Reinsurers' share (+) | 148 | 0 | 123.844 | 123.844 | 0 | -10 | -10 | |
VIII Change of special provision for life assurance where | ||||||||
policyholders bear the investment risk, net of reinsurance (+/-) | 149 | 35.422.414 | 0 | 35.422.414 | 144.977.792 | 0 | 144.977.792 | |
(ADP 150+151) | ||||||||
1 Gross amount (-) | 150 | 35.422.414 | 0 | 35.422.414 | 144.977.792 | 0 | 144.977.792 | |
3 Reinsurers' share (+) | 151 | 0 | 0 | 0 | 0 | 0 | 0 | |
IX Cash payments for bonuses and rebates, net of reinsurance | 152 | 0 | -8.709.129 | -8.709.129 | 0 | -14.197.491 | -14.197.491 | |
(ADP 153+154) | ||||||||
1 Performance-dependent (bonuses) | 153 | 0 | -5.630.739 | -5.630.739 | 0 | -10.344.501 | -10.344.501 | |
2 Performance-independent (rebates) | 154 | 0 | -3.078.390 | -3.078.390 | 0 | -3.852.990 | -3.852.990 | |
4
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2022 - 31.12.2022
in HRK | |||||||||
Item | ADP | Same period of the previous year | Current year | ||||||
code | Life | Non-life | Total | Life | Non-life | Total | |||
1 | 4 | 5(3+4) | 7 | 8(6+7) | |||||
2 | 3 | 6 | |||||||
X Operating expenses (business expenditures), net (ADP 156+160) | 155 | -75.586.528 | -1.193.919.868 | -1.269.506.396 | -57.674.286 | -1.397.131.292 | -1.454.805.578 | ||
1 Acquisition costs (ADP 157 to 159) | 156 | -36.296.183 | -623.382.443 | -659.678.626 | -26.729.846 | -740.990.594 | -767.720.440 | ||
1.1 Commission | 157 | -12.795.166 | -305.109.397 | -317.904.563 | -12.742.002 | -369.450.313 | -382.192.315 | ||
1.2 Other acquisition costs | 158 | -23.501.017 | -307.965.679 | -331.466.696 | -13.987.844 | -364.840.635 | -378.828.479 | ||
1.3 Change in deferred acquisition costs | 159 | 0 | -10.307.367 | -10.307.367 | 0 | -6.699.646 | -6.699.646 | ||
2 Administration expenses (administrative costs) (ADP 161 to 163) | 160 | -39.290.345 | -570.537.425 | -609.827.770 | -30.944.440 | -656.140.698 | -687.085.138 | ||
2.1 Depreciation | 161 | -3.793.150 | -80.688.980 | -84.482.130 | -2.624.360 | -90.192.054 | -92.816.414 | ||
2.2 Salaries, taxes and contributions from/on salaries | 162 | -15.386.431 | -194.381.457 | -209.767.888 | -12.546.587 | -229.763.194 | -242.309.781 | ||
2.3 Other administration expenses | 163 | -20.110.764 | -295.466.988 | -315.577.752 | -15.773.493 | -336.185.450 | -351.958.943 | ||
XI Investment expenses (ADP 165 to 171) | 164 | -16.625.735 | -126.054.094 | -142.679.829 | -16.309.195 | -134.694.301 | -151.003.496 | ||
1 Depreciation of land and buildings not occupied by an undertaking for | 165 | 0 | 0 | 0 | 0 | 0 | 0 | ||
its ow n activities | |||||||||
2 Interest | 166 | -1.219.100 | -12.297.162 | -13.516.262 | -610.513 | -12.369.564 | -12.980.077 | ||
3 Impairment of investments | 167 | -24.181 | -2.425.582 | -2.449.763 | -1.032.515 | -2.209.408 | -3.241.923 | ||
4 Realised loss on investments | 168 | -3.766.324 | -14.049.330 | -17.815.654 | -11.820.561 | -50.605.463 | -62.426.024 | ||
5 Unrealised loss on investments | 169 | -1.233.800 | -10.560.983 | -11.794.783 | -942.772 | -5.431.044 | -6.373.816 | ||
6 Net negative exchange rate differences | 170 | -8.404.454 | -5.624.503 | -14.028.957 | 0 | 0 | 0 | ||
7 Other investment expenses | 171 | -1.977.876 | -81.096.534 | -83.074.410 | -1.902.834 | -64.078.822 | -65.981.656 | ||
XII Other technical expenses, net of reinsurance (ADP 173+174) | 172 | -1.828.013 | -60.748.579 | -62.576.592 | -1.434.405 | -61.554.982 | -62.989.387 | ||
1 Expenses of preventive activities | 173 | 0 | -933.420 | -933.420 | 0 | -1.121.057 | -1.121.057 | ||
2 Other technical expenses of insurance | 174 | -1.828.013 | -59.815.159 | -61.643.172 | -1.434.405 | -60.433.925 | -61.868.330 | ||
XIII Other activities, including value adjustments | 175 | -10.816 | -2.701.386 | -2.712.202 | -11.389 | -64.691.016 | -64.702.405 | ||
XIV Profit or loss for the accounting period before tax (+/-) | 176 | 16.196.441 | 421.857.348 | 438.053.789 | 79.296.866 | 370.112.616 | 449.409.482 | ||
(ADP 118+124+132 to 135+142+149+152+155+164+172+175) | |||||||||
XV Profit or loss tax (ADP 178+179) | 177 | -2.930.137 | -72.366.379 | -75.296.516 | -13.424.421 | -57.545.629 | -70.970.050 | ||
1 Current tax expense | 178 | -3.278.194 | -76.244.353 | -79.522.547 | -13.746.927 | -58.446.160 | -72.193.087 | ||
2 Deferred tax expense (income) | 179 | 348.057 | 3.877.974 | 4.226.031 | 322.506 | 900.531 | 1.223.037 | ||
XVI Profit or loss for the accounting period after tax (+/-) (ADP | 180 | 13.266.304 | 349.490.969 | 362.757.273 | 65.872.445 | 312.566.987 | 378.439.432 | ||
176+177) | |||||||||
1 Attributable to owners of the parent | 181 | 13.335.331 | 349.007.015 | 362.342.346 | 65.782.907 | 312.301.436 | 378.084.343 | ||
2 Attributable to non-controlling interest | 182 | -69.027 | 483.954 | 414.927 | 89.538 | 265.551 | 355.089 | ||
XVII TOTAL INCOME (ADP 118+124+132+133+134+179) | 183 | 663.703.465 | 3.168.681.886 | 3.832.385.351 | 538.412.450 | 3.509.250.562 | 4.047.663.012 | ||
XVIII TOTAL EXPENSES (ADP 135+142+149+152+155+164+172+175+178) | 184 | -650.437.161 | -2.819.190.917 | -3.469.628.078 | -472.540.005 | -3.196.683.575 | -3.669.223.580 | ||
IX Other comprehensive income (ADP 186 to 193) | 185 | -34.476.421 | 164.491.176 | 130.014.755 | -253.101.859 | -317.737.618 | -570.839.477 | ||
1 Gains/losses arising from translation of financial statements relating to | 186 | -219.496 | -455.052 | -674.548 | 416.921 | 571.264 | 988.185 | ||
foreign operations | |||||||||
2 Gains/losses arising from the revaluation of financial assets available | 187 | -41.213.864 | 207.625.838 | 166.411.974 | -301.383.153 | -388.021.226 | -689.404.379 | ||
for sale | |||||||||
3 Gains/losses arising from the revaluation of land and buildings | 188 | 0 | -4.914.032 | -4.914.032 | 0 | -658.122 | -658.122 | ||
occupied by an undertaking for its ow n activities | |||||||||
4 Gains/losses arising from the revaluation of other tangible (other than | 189 | 0 | 0 | 0 | 0 | 0 | 0 | ||
land and property) and intangible assets | |||||||||
5 Effects of cash flow hedging instruments | 190 | 0 | 0 | 0 | 0 | 0 | 0 | ||
6 Actuarial gains/losses on pension plans w ith defined pensions | 191 | 0 | 0 | 0 | 0 | 0 | 0 | ||
7 Share in other comprehensive income of associates | 192 | 0 | 0 | 0 | 0 | 0 | 0 | ||
8 Income tax on other comprehensive income | 193 | 6.956.939 | -37.765.578 | -30.808.639 | 47.864.373 | 70.370.466 | 118.234.839 | ||
XX Total comprehensive income (ADP 180 +185) | 194 | -21.210.117 | 513.982.145 | 492.772.028 | -187.229.414 | -5.170.631 | -192.400.045 | ||
1 Attributable to owners of the parent | 195 | -21.141.978 | 513.496.650 | 492.354.672 | -187.320.831 | -5.427.400 | -192.748.231 | ||
2 Attributable to non-controlling interests | 196 | -68.139 | 485.495 | 417.356 | 91.417 | 256.769 | 348.186 | ||
XXI Reclassification adjustments | 197 | 0 | 0 | 0 | 0 | 0 | 0 | ||
5
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Croatia osiguranje dd published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 14:23:09 UTC.
