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Atlantic insurance company public limited
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Date | 07.02.2018 | Size | 94.37 Kb. | | #40286 |
| ATLANTIC INSURANCE COMPANY PUBLIC LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the year ended December 31, 2009
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2009
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2008
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€'000
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€'000
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Income from operations
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Gross premiums
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22.146
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21.052
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Contract fees
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738
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746
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Reinsurance share
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(5.580)
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(4.761)
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Net premiums
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17.304
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17.037
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Transfer to unearned premiums
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(27)
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(256)
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Net earned premiums
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17.277
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16.781
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Other income from insurance activities
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999
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1.050
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Income from financial activities
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2.761
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3.033
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21.037
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20.864
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Expenses
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Claims from insured
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9.488
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8.455
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Commissions payable from insurance activities
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1.121
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1.030
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Fees payable for financial activities
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1.450
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1.730
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Administrative expenses
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4.111
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4.095
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16.170
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15.310
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Profit from operations
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4.867
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5.554
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Loss from sale and revaluation of investments
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(742)
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(2.095)
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Other income from investments
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172
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287
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Net finance income
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1.145
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948
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Profit before taxation
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5.442
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4.694
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Taxation
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(617)
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(605)
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Profit after taxation
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4.825
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4.089
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Minority interest
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(233)
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(343)
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Profit attributable to shareholders
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4.592
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3.746
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Basic earnings per share (cent)
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11,74
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9,58
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ATLANTIC INSURANCE COMPANY PUBLIC LIMITED
CONSOLIDATED BALANCE SHEET
December 31, 2009
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2009
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2008
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€'000
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€'000
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Non current assets
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Tangible assets
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7.939
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6.731
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Investment property
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5.887
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6.298
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Financial assets available for sale
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4.272
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3.934
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Total non current assets
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18.098
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16.963
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Current assets
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Debtors and other accounts
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16.576
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14.434
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Financial assets held for trading
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3.043
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3.304
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Cash and bank balance
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24.407
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21.783
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Total current assets
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44.026
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39.521
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Total assets
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62.124
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56.484
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Equity
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Share capital
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13.297
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13.297
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Reserves
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17.280
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14.663
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Equity attributable to shareholders
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30.577
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27.960
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Minority interest
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1.627
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971
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Total equity
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32.204
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28.931
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Non current liabilities
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Deferred taxation
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548
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406
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548
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406
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Current liabilities
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Stock for unearned premiums and pending claims
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19.442
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17.568
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Bank overdrafts and short term loans
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17
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2.584
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Other liabilities
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9.913
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6.995
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29.372
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27.147
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Total equity and liabilities
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62.124
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56.484
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