Annual report 2021
BALANCE SHEET, 31 December 2021
| 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 |
8,444 |
470 |
8,623 |
174 |
9,267 |
| B. Investments |
162,661 |
104,647 |
58,649 |
0 |
163,296 |
| I. Real estate |
2,069 |
0 |
2,031 |
0 |
2,031 |
| of which: self-occupied real estate |
2,069 |
0 |
2,031 |
0 |
2,031 |
| II. Investments in affiliated undertakings |
3,142 |
2 |
2,924 |
0 |
2,926 |
| 1. Equity investments in parent companies and subsidiaries |
3,142 |
2 |
2,924 |
0 |
2,926 |
| 2. Debt securities issued by, and loans to, parent company and subsidiaries |
0 |
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 |
157,450 |
104,645 |
53,694 |
0 |
158,339 |
| 1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a significant participating interest |
21,359 |
6,100 |
14,729 |
0 |
20,829 |
| 2. Debt securities (except II/2. and II/4.) |
135,568 |
98,063 |
38,965 |
0 |
137,028 |
| 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.) |
523 |
482 |
0 |
0 |
482 |
| 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 |
72,111 |
75,083 |
0 |
0 |
75,083 |
| D. Debtors |
6,496 |
1,478 |
3,809 |
0 |
5,287 |
| I. Debtors arising out of direct insurance operations |
4,016 |
877 |
3,039 |
0 |
3,916 |
| 1. Policyholders |
2,959 |
706 |
2,339 |
0 |
3,045 |
| 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 |
152 |
171 |
36 |
0 |
207 |
| 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 |
905 |
0 |
664 |
0 |
664 |
| 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 |
654 |
7 |
209 |
0 |
216 |
| 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 |
1,826 |
594 |
561 |
0 |
1,155 |
| of which: a) affiliated undertakings |
334 |
0 |
227 |
0 |
227 |
| 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 |
4,726 |
3,020 |
13,995 |
0 |
17,015 |
| 1. Tangible assets (other than land and buildings), inventories |
1,771 |
164 |
1,305 |
0 |
1,469 |
| 2. Cash at bank and in hand |
2,955 |
2,856 |
12,690 |
0 |
15,546 |
| 3. Repurchased own shares |
0 |
0 |
0 |
0 |
0 |
| 4. Other |
0 |
0 |
0 |
0 |
0 |
| F. Prepayments and accrued income |
7,132 |
5,230 |
1,229 |
0 |
6,459 |
| 1. Accrued interest and rent |
1,316 |
1,085 |
152 |
0 |
1,237 |
| 2. Deferred acquisition costs |
3,926 |
3,507 |
0 |
0 |
3,507 |
| 3. Other prepayments and accrued income |
1,890 |
638 |
1,077 |
0 |
1,715 |
| Total assets |
261,570 |
189,928 |
86,305 |
174 |
276,407 |
| Budapest, 17 May 2022 |
……………………………………… |
|
……………………………………… |
……………………………………… |
BALANCE SHEET, 31 December 2021
| 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 |
42,314 |
14,562 |
26,942 |
174 |
41,678 |
| 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 (+/-) |
15,233 |
4,443 |
12,023 |
112 |
16,578 |
| V. Restricted reserve |
832 |
316 |
575 |
0 |
891 |
| 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 |
14,403 |
3,051 |
9,250 |
62 |
12,363 |
| B. Subordinated liabilities |
0 |
0 |
0 |
0 |
0 |
| C. Technical provisions |
122,816 |
90,326 |
43,647 |
0 |
133,973 |
| 1. Provision for unearned premiums [a) + b)] |
13,827 |
119 |
15,046 |
0 |
15,165 |
| a) gross amount |
14,181 |
172 |
15,266 |
0 |
15,438 |
| b) reinsurance amount (-) |
354 |
53 |
220 |
0 |
273 |
| 2. Actuarial provisions |
81,643 |
83,771 |
6,266 |
0 |
90,037 |
| a) life assurance premium provision [aa)+ab)] |
75,687 |
83,771 |
0 |
0 |
83,771 |
| aa). gross amount |
75,687 |
83,771 |
0 |
0 |
83,771 |
| 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 |
8 |
0 |
7 |
0 |
7 |
| ca). gross amount |
8 |
0 |
7 |
0 |
7 |
| cb). reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| d) liability insurance annuity provision [da)+db)] |
5,948 |
0 |
6,259 |
0 |
6,259 |
| da). gross amount |
6,265 |
0 |
6,617 |
0 |
6,617 |
| db). reinsurance amount (-) |
317 |
0 |
358 |
0 |
358 |
| 3. Claims outstanding [a)+b)] |
26,261 |
5,929 |
22,019 |
0 |
27,948 |
| a) case by case [aa)+ab)] |
18,208 |
4,967 |
15,650 |
0 |
20,617 |
| aa) gross amount |
19,056 |
5,018 |
16,396 |
0 |
21,414 |
| ab) reinsurance amount (-) |
848 |
51 |
746 |
0 |
797 |
| b) IBNR provision [ba)+bb)] |
8,053 |
962 |
6,369 |
0 |
7,331 |
| ba) gross amount |
8,081 |
971 |
6,384 |
0 |
7,355 |
| bb) reinsurance amount (-) |
28 |
9 |
15 |
0 |
24 |
| 4. Premium reimbursement provisions [a)+b)] |
122 |
66 |
42 |
0 |
108 |
| 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)] |
87 |
66 |
7 |
0 |
73 |
| ba) gross amount |
87 |
66 |
7 |
0 |
73 |
| bb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| 5. Equalisation provision |
115 |
0 |
0 |
0 |
0 |
| 6. Other provisions [a)+b)+c)] |
848 |
441 |
274 |
0 |
715 |
| a) Large claims provisions |
0 |
0 |
0 |
0 |
0 |
| b) Cancellation provisions [ba)+bb)] |
740 |
345 |
274 |
0 |
619 |
| ba) gross amount |
756 |
345 |
283 |
0 |
628 |
| bb) reinsurance amount (-) |
16 |
0 |
9 |
0 |
9 |
| c) Other technical provisions [ca)+cb)] |
108 |
96 |
0 |
0 |
96 |
| ca) gross amount |
108 |
96 |
0 |
0 |
96 |
| cb) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| D. Technical provisions for unit-linked life assurance policyholders (1+2) |
72,111 |
75,083 |
0 |
0 |
75,083 |
| 1) gross amount |
72,111 |
75,083 |
0 |
0 |
75,083 |
| 2) reinsurance amount (-) |
0 |
0 |
0 |
0 |
0 |
| E. Specific provisions |
2,228 |
1,574 |
1,461 |
0 |
3,035 |
| 1. Provisions for contingent liabilities |
2,124 |
1,467 |
1,461 |
0 |
2,928 |
| 2. Provisions for future expenses |
104 |
107 |
0 |
0 |
107 |
| 3. Other provisions |
0 |
0 |
0 |
0 |
0 |
| F. Deposits received from reinsurers |
0 |
0 |
0 |
0 |
0 |
| G. Creditors |
16,524 |
4,689 |
11,867 |
0 |
16,556 |
| I. Creditors arising out of direct insurance operations |
6,239 |
1,512 |
5,159 |
0 |
6,671 |
| 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 |
229 |
55 |
408 |
0 |
463 |
| 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 |
10,056 |
3,122 |
6,300 |
0 |
9,422 |
| of which: a) affiliated undertakings |
7,608 |
1,730 |
5,333 |
0 |
7,063 |
| 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 |
5,577 |
3,694 |
2,388 |
0 |
6,082 |
| 1. Accrued income |
2 |
3 |
0 |
0 |
3 |
| 2. Accrued costs and expenditure |
5,557 |
3,679 |
2,388 |
0 |
6,067 |
| 3. Deferred income |
18 |
12 |
0 |
0 |
12 |
| Total liabilities and equity |
261,570 |
189,928 |
86,305 |
174 |
276,407 |
| Budapest, 17 May 2022 |
……………………………………… |
|
……………………………………… |
……………………………………… |
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31 December 2021
| 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 |
87,335 |
93,405 |
| a) gross premiums written |
91,429 |
97,382 |
| b) outward reinsurance premiums (-) |
2,460 |
2,911 |
| c) change in the gross provision for unearned premiums (+/-) |
1,511 |
945 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
123 |
121 |
| 02. Profit from investments to be returned to policyholders (same as C/06.) |
0 |
0 |
| 03. Other technical income |
495 |
273 |
| 04. Claims incurred |
34,903 |
36,134 |
| a) claims paid and claim settlement expenses |
33,755 |
35,096 |
| aa) claim payments |
30,789 |
32,260 |
| 1. gross amount |
31,448 |
35,787 |
| 2. reinsurers’ share (-) |
659 |
3,527 |
| ab) claim settlement expenses |
3,443 |
3,473 |
| ac) income from claim recovery and claim settlement expense reimbursement (-) |
477 |
637 |
| b) changes in the provision for claims outstanding (+/-) |
1,148 |
1,038 |
| ba) case-by-case |
244 |
2,122 |
| 1. gross amount |
-472 |
2,073 |
| 2. reinsurers’ share (-) |
-716 |
-49 |
| bb) IBNR |
904 |
-1,084 |
| 1. gross amount |
867 |
-1,086 |
| 2. reinsurers’ share (-) |
-37 |
-2 |
| 05. Changes in actuarial provisions (+/-) |
-1,216 |
310 |
| 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 (+/-) |
-2 |
-1 |
| ba) gross amount |
-2 |
-1 |
| bb) reinsurers’ share (-) |
0 |
0 |
| c) changes in the liability insurance annuity provisions (+/-) |
-1214 |
311 |
| ca) gross amount |
-1,238 |
352 |
| cb) reinsurers’ share (-) |
-24 |
41 |
| 06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) |
-26 |
0 |
| a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
| aa) gross amount |
0 |
0 |
| ab) reinsurers’ share (-) |
0 |
0 |
| b) profit-independent premium reimbursement provisions (+/-) |
-26 |
0 |
| ba) gross amount |
-26 |
0 |
| bb) reinsurers’ share (-) |
0 |
0 |
| 07. Changes in the equalisation provision (+/-) |
0 |
-115 |
| 08. Changes in other technical provisions (+/-) |
17 |
-18 |
| a) large claim provisions |
-21 |
0 |
| b) cancellation provisions |
37 |
-18 |
| ba) gross amount |
26 |
-27 |
| bb) reinsurers’ share (-) |
-11 |
-9 |
| c) Changes in other technical provisions (+/-) |
0 |
0 |
| ca) gross amount |
0 |
0 |
| cb) reinsurers’ share (-) |
0 |
0 |
| 09. Net operating expenses |
31,245 |
32,283 |
| a) acquisition costs incurred in the financial year |
19,939 |
20,241 |
| b) change in deferred acquisition costs (+/-) |
0 |
0 |
| c) administrative expenses (except investment costs) |
11,324 |
12,020 |
| d) reinsurance commissions and profit participation (-) |
18 |
-22 |
| 10. Other technical charges |
13,014 |
14,192 |
| A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) |
9,893 |
10,892 |
|
Description |
Previous year, total |
Current year, total |
| B) Life assurance business |
a |
b |
| 01. Earned premiums, net of reinsurance |
46,052 |
48,347 |
| a) gross premiums written |
46,264 |
48,555 |
| b) outward reinsurance premiums (-) |
195 |
242 |
| c) change in the provision for unearned premiums (+/-) |
-15 |
7 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) |
32 |
-41 |
| 02. Technical income from investments |
3,515 |
3,465 |
| a) income from participating interests |
0 |
0 |
| of which: derived from affiliated undertakings |
0 |
0 |
| b) income from other investments |
3,395 |
3,211 |
| 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 |
3,395 |
3,211 |
| c) gains on the realisation of investments, other investment income |
120 |
254 |
| d) allocated investment return transferred from life assurance (same as C/05.) (-) |
0 |
0 |
| 03. Unrealised gains on investments |
12,183 |
8,010 |
| Of which: valuation difference |
0 |
0 |
| 04. Other technical income |
24 |
728 |
| 05. Claims incurred |
24,150 |
25,317 |
| a) claims paid and claim settlement expenses |
23,689 |
24,668 |
| aa) claims paid |
23,489 |
24,385 |
| 1. gross amount |
23,639 |
24,461 |
| 2. reinsurers’ share (-) |
150 |
76 |
| ab) claim settlement expenses |
214 |
300 |
| ac) income from claim recoveries and claim settlement expense reimbursement (-) |
14 |
17 |
| b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) |
461 |
649 |
| ba) case-by-case |
380 |
287 |
| 1. gross amount |
414 |
285 |
| 2. reinsurers’ share (-) |
34 |
-2 |
| bb) IBNR |
81 |
362 |
| 1. gross amount |
81 |
360 |
| 2. reinsurers’ share (-) |
0 |
-2 |
| 06. Change in actuarial provisions (+/-) |
7,617 |
8,084 |
| a) change in the life assurance premium provision (+/-) |
7,617 |
8,084 |
| aa) gross amount |
7,617 |
8,084 |
| 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 (+/-) |
30 |
-13 |
| a) profit-dependent premium reimbursement provisions (+/-) |
0 |
0 |
| aa) gross amount |
0 |
0 |
| ab) reinsurers’ share (-) |
0 |
0 |
| b) profit-independent premium reimbursement provisions (+/-) |
30 |
-13 |
| ba) gross amount |
30 |
-13 |
| bb) reinsurers’ share (-) |
0 |
0 |
| 08. Change in the equalisation provision (+/-) |
0 |
0 |
| 09. Change in other technical provisions (+/-) |
87 |
-115 |
| a) large claims provisions |
0 |
0 |
| b) change in cancellation technical provisions (+/-) |
100 |
-103 |
| ba) gross amount |
67 |
-101 |
| bb) reinsurers’ share (-) |
-33 |
2 |
| c) change in other technical provisions (+/-) |
-13 |
-12 |
| ca) gross amount |
-13 |
-12 |
| cb) reinsurers’ share (-) |
0 |
0 |
| 10. Change in UL technical provisions (+/-) |
2,222 |
2,973 |
| a) gross amount |
2,222 |
2,973 |
| b) reinsurers’ share (-) |
0 |
0 |
| 11. Net operating expenses |
11,705 |
12,101 |
| a) acquisition costs incurred in the financial year |
7,429 |
7,405 |
| b) change in deferred acquisition costs (+/-) |
118 |
419 |
| c) administrative expenses (except investment costs) |
4,158 |
4,285 |
| d) reinsurance commissions and profit participation (-) |
0 |
8 |
| 12. Technical expenditure arising from investments |
878 |
1,128 |
| a) operating and maintenance charges on investments, including interests paid and interest type expenditure |
624 |
588 |
| b) value adjustment on investments, value re-adjustments on investments (+/-) |
0 |
0 |
| c) losses on the realisation of investments, other investment expenditure |
254 |
540 |
| 13. Unrealised losses on investments |
9,825 |
5,672 |
| Of which: valuation difference |
0 |
0 |
| 14. Other technical charges |
910 |
1,668 |
| B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) |
4,350 |
3,735 |
|
Description |
Previous year total |
Current year total |
| C) Non-technical accounts |
765 |
-1,235 |
| 01. Dividends and profit sharing received |
3,800 |
2,500 |
| of which: derived from affiliated undertakings |
3,800 |
2,500 |
| of which: revaluation difference |
0 |
0 |
| 02. Interest received and interest type incomes |
3,080 |
1,771 |
| of which: derived from affiliated undertakings |
9 |
0 |
| 03. Income from tangible assets related to the insurance portfolio |
287 |
298 |
| 04. Gains on the realisation of investments, other investment income |
1,118 |
1,352 |
| 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 |
1,567 |
1,178 |
| of which: revaluation difference |
0 |
0 |
| 08. Value adjustments and re-adjustments on investments (+/-) |
585 |
298 |
| 09. Losses on the realisation of investments, other investment expenditure |
1,192 |
3,606 |
| 10. Other income |
2,283 |
1,943 |
| 11. Other expenditure |
6,459 |
4,017 |
| D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) |
15,008 |
13,392 |
| 12. Extraordinary income |
0 |
0 |
| 13. Extraordinary expenditure |
0 |
0 |
| 14. Extraordinary profit (12-13) |
0 |
0 |
| E) PROFIT BEFORE TAXATION (+/-D+/-14) |
15,008 |
13,392 |
| 15. Tax liability |
605 |
1,029 |
| F) NET PROFIT (+/-E-15) |
14,403 |
12,363 |
| Budapest, 17 May 2022 |
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