	1/1/2019- 30/6/2019 €	1/1/2018- 30/6/2018 €
Realised gross premiums Increase in gross reserve of unearned premiums	6.904.936 (469.386)	6.086.281 (153.105)
Gross earned premiums Reinsurance in realised gross premiums Reinsurers' share in increase / (decrease) of gross reserve of unearned premiums	6.435.550 (558.749) (43.046)	5.933.176 (477.423) (53.863)
Net earned premiums	5.919.847	5.401.890
Commissions and other fees receivable Income from investments Other income from operations Net income	294.349 62.318 38.665 395.332	208.728 197.212 102.797 508.737
Gross claims and benefits Reinsurers' share in gross claims and benefits Net insurance claims and benefits Acquisition costs Administrative expenses Income / (expense) from provisions and debtors written-off Expenses	(3.755.473) 96.460 (3.659.013) (1.842.979) (962.225) 14.768 (6.449.449)	(3.686.020) (35.308) (3.721.328) (1.504.164) (689.839) (65.829) (5.981.160)
Loss from operations	(134.270)	(70.533)
Finance costs Net finance costs	(92.241) (92.241)	(32.264) (32.264)
Loss for the period before taxation Taxation	(226.511) (23.563)	(102.797) (4.765)
Loss for the period	(250.074)	(107.562)
Loss for the period attributable to the Company's owners	(250.074)	(107.562)
Loss per share attributable to the Company's owners (cents)	(0.32)	(0.14)

for the half year ended 30 June 2019

Other comprehensive income / (expenses)	1/1/2019- 30/6/2019 €	1/1/2019- 30/6/2019 €
Items to be reclassified to profit or loss in subsequent periods Profit from revaluation of investments available for sale	13.923	-
Comprehensive income for the period attributable to the Company's owners	(236.151)	(107.562)

	30/6/2019	31/12/ 2018
	€	€
ASSETS
NON CURRENT ASSETS
Property, plant and equipment	2.329.304	2.190.770
Intangible assets	190.804	211.982
Investment property	10.084.764	9.349.779
Assets with right of use	868.146	-
Investments held to maturity	1.025.024	2.173.037
Financial assets available for sale	1.353.923	798.066
	15.851.965	14.723.634
CURRENT ASSETS
Financial assets at fair value through profit and loss	1.305.979	761.161
Insurance and other claims	6.215.445	6.127.497
Deferred acquisition costs	1.882.687	1.734.005
Reinsurers' share in claims and technical reserves	893.871	786.330
Cash and cash equivalents	7.152.240	6.419.291
	17.450.222	15.828.284

TOTAL ASSETS	33.302.187	30.551.918

EQUITY AND LIABILITIES
EQUITY
Share capital	13.330.532	13.330.532
Reserves	(6.879.073)	(7.008.868)
Total equity	6.451.459	6.321.664

NON-CURRENT LIABILITIES
Life Insurance reserve	5.027.838	5.328.011
Bank loans	1.502.331	729.196
Subordinated loans	1.660.848	582.324
Lease liabilities	697.563	-
Deferred taxation	755.692	829.590
	9.644.272	7.469.121

CURRENT LIABILITIES
General Insurance reserves	14.466.755	13.919.728
Insurance and other liabilities	2.093.942	2.267.088
Bank overdrafts	17.794	343.024
Current portion of bank loans	377.496	173.187
Lease liabilities	193.696	-
Taxation due	56.773	58.106
	17.206.456	16.761.133
TOTAL LIABILITIES	26.850.728	24.230.254

TOTAL EQUITY AND LIABILITIES	33.302.187	30.551.918

MINERVA INSURANCE COMPANY PUBLIC LIMITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the half-year ended 30 June 2019

	Share Capital €	Share Premium reserve €	Property revaluation reserve €	Investment revaluation reserve €	Contribution reserve €	Annuity reserve €	Total equity €
Balance as at 1 January 2019	13.330.532	4.317.354	3.458.592	(1.934)	191.930	(14.974.810)	6.321.664
Loss for the period	-	-	-	-	-	(250.074)	(250.074)
Other comprehensive income Profit from revaluation of investments available for sale	-	-	-	13.923	-	-	13.923
Other comprehensive expenses	-	-	-	13.923	-	-	13.923
Transactions with associated persons Contribution	-	-	-	-	365.946	-	365.946
Total contributions from associated persons	-	-	-	-	365.946	-	365.946
Balance as at 30 June 2019	13.330.532	4.317.354	3.458.592	11.989	557.876	(15.224.884)	6.451.459
Balance as at 1 January 2018	13.330.532	4.317.354	3.458.592	-	-	(14.410.133)	6.696.345
Loss for the period	-	-	-	-	-	(107.562)	(107.562)
Balance as at 30 June 2018	13.330.532	4.317.354	3.458.592	-	-	(14.517.695	6.588.783

MINERVA INSURANCE COMPANY PUBLIC LIMITED CONDENSED CONSOLIDATED STATEMENT OF

	1/1/2019 –	1/1/2018 –
	30/6/2019	30/6/2018
	€	€
Cash flow (from) / for operations	(170.546)	382.966
Interest paid	(77.771)	(32.264)
Dividend received	1.945	-
Tax paid	(52.319)	(4.994)

Net cash flow (for) / from operations	(298.691)	345.708
Cash flow from / (for) investing activities
Payments for purchase of property. plant and equipment	(227.905)	(145.167)
Payments for purchase of intangible assets	(38.816)	(74.113)
Payments for purchase of investment property	(97.985)	(95.333)
Payments for purchase of assets available for sale	(541.934)	(499.967)
Payments for purchase of investments held to maturity	(524.280)	-
Payments for purchase of financial assets at fair value
through profit and loss	(500.109)	(3.932)
Payments for right of use	(102.698)	-
Proceeds from the sale of financial assets at fair value
through profit and loss	1.563.877	-
Proceeds from sale of investment property	738.000	-
Interest received	111.276	108.789

Net cash flow from / (for) investing activities	379.426	(709.723)
Cash flow from / (for) financing activities
Proceeds of new loans minus repayment of loans	977.444	(123.922)

Net cash flow from / (for) financing activities	977.444	(123.922)
Net increase / (decrease) in cash and cash equivalents	1.058.179	(487.937)
Cash and cash equivalents at beginning of period	6.076.267	7.994.226

Cash and cash equivalents at end of period	7.134.446	7.506.289

Cash and cash equivalents consist of:
Cash, bank balances and other deposits	7.152.240	7.521.354
Bank overdrafts	(17.794)	(15.065)
	7.134.446	7.506.289