Cosmos Insurance Company Public LTD

	2012		2011
	€		€
Income	25.017.213	25.231.997
Gross earned premiums	(17.251.243)	(11.385.872)
Reinsurance share on earned premiums	7.765.970	13.846.125
Net earned premiums
Premium and other fees	1.637.202	1.844.939
Commissions from reinsurors	7.124.166	3.063.271
Total other income	8.761.368	4.908.210
Total income	16.527.338	18.754.335
Expenses		(9.504.807)
Compensations Commissions payable and other selling expenses	(6.710.323)	(5.687.511)
Other operating and administrative expenses from insurance activities Total operating and administrative expenses from insurance activities	(5.479.156)	(3.360.174)
	(3.422.878)	(18.552.492)
Variation in risk stock in effect	(15.612.357) (23.815)	78.000
Technical insurance result	891.166	279.843
Income from investments	328.825	417.423
Insurance operating result	1.219.991	697.266
Investment portfolio result	(727.601)		(458.348)
Deficit from revaluation property	(305.555)		(218.000)
	(1.033.156)		(676.348)
Other income	324.368	60.826
Share of profit from insurors joint venture	88.777	153.139
Other expenses	(1.050.702)	(916.068)
Finance cost	(17 2. 922)	(126.346)
Administrative expenses of subsidiary	(10.695)	(10.597)
Loss before taxation	(634.339)	(818.128)
Taxation	(33.778)	18.525
Loss for the year	(668.117)	(799.603)
Loss per share attributable to:-	(670.189)		(802.004)
Owners of company	2.072		2.401
Minority interest	(668.117)		(799.603)

Basic and fully diluted loss per share (cent)	(3,73)	(4,46)

Loss for the year	(670.189)	(802.004)
Revaluation of property Deferred taxation on revaluation Total expenses for the year	53.640 6.703 _ (609.846)	184.850 4.917 (612.237)

	2012	2011
	€	€
ASSETS
Property, plant and equipment	5.499.861	5.699.430
Intangible assets	443.750	469.901
Investment property	3.364.000 -	3.474.000
Loan receivable		338.703 -
Long-term debtors	920.000
Total non current assets	10.227.611	9.982.034
Trade and other debtors	9.970.843	10.967.449
Investments at fair value via the results	1.310.927	2.952.211
Taxation	-	44.396
Deferred acquisition cost	2.686.795	3.005.767
Share of reinsurance in technical reserves	13.344.258	15.403.933
Cash and equivalent to cash	3.715.730	4.192.327
Total current assets	31.028.553	36.566.083
Total assets	41.256.164	46.548.117
EQUITY
SShare capital	5.575.350	5.575.350
Share premium	163.984	163.984
Revaluation reserve	2.396.409	2.336.066
Profit and loss reserve	(1.230.479)	(511.012)
Total equity	6.905.264	7.564.388
LIABILITIES
Deferred taxation	486.740	521.958
Long term loans	822.314	1.024.921
Long term insurance liabilities	2.250.000	1.250.000
Total non current liabilities	3.559.054	2.796.879
Trade and other liabilities	1.384.032	1.776.739
Current installments of long term insurance liabilities	2.612.633	4.661.256
Pending claims and claims management reserve	15.004.210	16.143.019
Unearned premiums	9.508.028	10.593.609
Risk reserve in effect	23.815	-
Taxation	7.576	-
Share of reinsurance in technical reserves	1.986.263	2.623.493
Current installments of long term loans	265.289 -	378.926
Bank overdraft		9.808
Total current liabilities	30.791.846	36.186.850

Σύνολο υποχρεώσεων	34.350.900	38.983.729
Σύνολο ιδίων κεφαλαίων και υποχρεώσεων	41.256.164	46.548.117

Οι σημειώσεις στις σελίδες 21 μέχρι 53 αποτελούν μέρος των ενοποιημένων οικονομικών καταστάσεων.

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