Minerva Insurance Company Public LTD

MINERVA INSURANCE COMPANY PUBLIC LIMITED

	1/1/2014- 1/1/2013- 30/6/2014 30/6/2013 €	€
Realized gross premiums	5.840.957	6.040.543
(Increase)/ impairment in gross stock of unearned premiums	(325.237)	313.888
Gross earned premiums Reinsurance in realized gross premiums Share of reinsurance n increase/(decrease) of gross stock of unearned premiums	5.515.720 (533.909) 12.905	6.354.431 (630.070) (18.967)
Net earned premiums	4.994.716	5.705.394
Commissions and other fees receivable Income/(expenses) from investments Other income/(expenses) from operations Net income	289.101 5 646.694 101.419 1.037.214	344.758 (368.836) (2.043) 5.679.273
Gross claims and provisions Share of reinsurance in gross claims and provisions Net insurance claims and provisions Acquisition expenses Administrative expenses	(3.383.876) 117.041 (3.266.835) (1.205.674) (942.781)	(2.211.757) (102.923) (2.314.680) (1.373.903) (978.865)
Provision for bad debts Depreciation of cash and cash equivalent Investment expenses Expenses	- - (75) (5.415.365)	(4.435) (389.907) (6.903) (5.068.693)
Profit from operations	615.565	610.580
Finance cost Net finance cost	(62.864) (62.864)	(96.378) (96.378)
Profit for the period before taxation Taxation	553.701 (17.523)	514.202 (10.390)
Profit for the period	536.178	__503.812
Profit for the period attributable to owners of the Company	536.178	503.812
Earnings per share attributable to owners of the Company (cent)	0,68	0,64

Οι σημειώσεις στις σελίδες 9 μέχρι 24 αποτελούν αναπόσπαστο μέρος των συνοπτικών ενδιάμεσων ενοποιημένων οικονομικών καταστάσεων.

	30/6/2014	31/12/2013
ASSETS	€	€
NON CURRENT ASSETS
Property, plant and equipment	1.898.070	1.959.290
Intangible assets	166.501	163.979
Investment property	9.537.741	9.537.741
	11.602.312	11.661.010
CURRENT ASSETS
Financial assets at fair value via the results	1.681.836	1.449.334
Insurance and other claims	9.607.790	9.213.026
Deferred acquisition expenses	1.179.646	1.187.962
Share of reinsurance in claims and technical reserves	1.655.284	1.662.413
Cash and cash equivalent	15.647.794	17.103.363
	29.772.350	30.616.098
TOTAL ASSETS	41.374.662	42.277.108
TOTAL EQUITY AND LIABILITIES EQUITY
	13.330.532	13.330.532
Share capital	(5.432.339)	(5.968.517)
Reserves Total equity attributable to owners of holding company	7.898.193	7.362.015
NON SHORT TERM LIABILITIES
Life sector reserve	8.862.986 2.328.017	9.511.601 2.402.937
Long term loans and hire/purchase creditors	926.6331	926.633
Deferred taxation	2.117.636	12.841.171
CURRENT LIABILITIES

Insurance reserves of General Insurance Sector Insurance and other liabilities Current installments of long term loans and	18.981.283 2.112.758	18.880.889 2.934.009
hire/purchase creditors Taxation due	248.494 16.298	248.494 10.530
	21.358.833	22.073.922
TOTAL LIABILITIES	33.476.469	34.915.093
TOTAL EQUITY AND LIABILITIES	41.374.662	42.277.108