Profit and Loss Account - Income
for the period 1st January - 31st December 2010

HRK 20092010


Earned premiums 183,398,485 184,810,148

Income from investments 46,433,076 41,437,676

Income from commissions
and indemnity (taxations) 48,906,754 46,168,601

Other insurance-technical income 4,025,529 3,037,853

Other income 609,431 5,308,128

TOTAL INCOME 283,373,275 280,762,406

Profit and Loss Account - Expenses
for the period 1st January - 31st December 2010

HRK 20092010


Losses incurred 172,505,974 120,331,320

Change of other technical reserves 4,193,704 13,490,225

Premium returns 28,901 114,288

Net operating expenses 64,256,722 58,069,067

Investments charges 974,350 5,774,683

Other expenses
(including value adjustment) 5,083,545 41,656,684

Other technical expenses 406,840 344,893

TOTAL EXPENSES 247,450,036 239,781,160

Profit and Loss Account - Profit
for the period 1st January - 31st December 2010

HRK 20092010


Profit before taxation 35,923,239 40,981,246

Tax on profit (7,824,149) (8,831,551)

PROFIT AFTER TAXATION 28,099,090 32,149,695

Balance Sheet - Assets
as at 31st December 2010

HRK 20092010


Intangible assets 316,169 623,468

Tangible assets 48,386,802 48,260,736

Investments 613,109,233 606,648,865

Technical reserves - Inwards RE 89,740,904 102,865,087

Receivables (Debtors) 85,336,701 58,614,663

Other assets - cash at banks and in hand 18,455,462 13,602,753

Deferred and current tax assets 4,251,020 -

Prepayments 97,099 111,780

ASSETS - TOTAL 859,693,390 830,727,352

Balance Sheet - Liabilities
as at 31st December 2010

HRK 20092010


Paid-up capital 116,060,800 116,060,800

Revaluation reserves 18,378,703 22,902,562

Reserves 70,000,000 72,500,000

Profit brought forward 26,000,336 33,248,984

Profit for the financial year 28,099,09 32,149,695

Technical reserves - Gross 500,335,111 500,952,327

Other reserves 3,677,854 4,205,774

Deferred and current tax liability 557,448 1,303,360

Other liabilities (creditors) 96,584,048 47,403,850

Deferred income - -

LIABILITIES - TOTAL 859,693,390 830,727,352