Línea Directa Aseguradora S A : Integrated Annual Report

Annual Integrated Report

Línea Directa Aseguradora, S.A.

Index

1. REPORT OF THE EXTERNAL AUDITORS 2.CONSOLIDATED FINANCIAL STATEMENTS 2021

Consolidated balance sheet Consolidated statement of profit or loss

Consolidated statement of other comprehensive income

Consolidated statement of changes in equity Consolidated statement of cash flows

Notes to the consolidated financial statements

	3.CONSOLIDATED MANAGEMENT REPORT
	Company overview	123
	Business performance	133
2	Mail Risks and uncertainties	147
4	Outlook for 2022	153
6	Events after the reporting period	155
7	Environmental, safety and personnel issues	156
8	Research, development and innovation activities	163
9	Other significant information	171
	Complaints, ombudsman and other non-financial	175
	information
	Annual corporate governance report, ICFR and Annual	177
	Report on Director Remuneration
	Consolidates statement of non-financial information	178

Línea Directa Aseguradora, S.A Compañía de Seguros y Reaseguros y sociedades dependientes Índice del Informe Anual Integrado

1 Report of the external auditors

Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros and its subsidiaries

Audit report

Consolidated annual accounts for the year ended 31 December 2021 Consolidated management report

This version of our report is a free translation from the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation.

Independent auditor's report on the consolidated annual accounts

To the shareholders of Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros:

Report on the consolidated annual accounts

Opinion

We have audited the consolidated annual accounts of Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros (the Parent company) and its subsidiaries (the Group), which comprise the balance sheet as at 31 December 2021, and the statement of profit or loss, statement of comprehensive income, statement of changes in equity, cash flow statement and related notes, all consolidated, for the year then ended.

In our opinion, the accompanying consolidated annual accounts present fairly, in all material respects, the equity and financial position of the Group as at 31 December 2021, as well as its financial performance and cash flows, all consolidated, for the year then ended, in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU) and other provisions of the financial reporting framework applicable in Spain.

Basis for opinion

We conducted our audit in accordance with legislation governing the audit practice in Spain. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated annual accounts section of our report.

We are independent of the Group in accordance with the ethical requirements, including those relating to independence, that are relevant to our audit of the consolidated annual accounts in Spain, in accordance with legislation governing the audit practice. In this regard, we have not rendered services other than those relating to the audit of the accounts, and situations or circumstances have not arisen that, in accordance with the provisions of the aforementioned legislation, have affected our necessary independence such that it has been compromised.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated annual accounts of the current period. These matters were addressed in the context of our audit of the consolidated annual accounts as a whole, and in forming our opinion

PricewaterhouseCoopers Auditores, S.L., Torre PwC, Pº de la Castellana 259 B, 28046 Madrid, España Tel.: [phone], Fax: [phone], www.pwc.es

R. M. Madrid, hoja 87.250-1, folio 75, tomo 9.267, libro 8.054, sección 3ª

Inscrita en el R.O.A.C. con el número S0242 - CIF: B-79 031290

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