Varma

Annual Report 2014

VARMA_tilinpaatos
Balance sheet
ParentParent
CompanyCompanyGroupGroup
31 Dec., € millionNotes2014201320142013
ASSETS
Intangible assets
Other expenses with long-term effects1714.622.114.622.1
Investments
Real-estate
Real estate and real estate shares141,853.62,017.82,579.82,872.8
Loans to Group companies14822.5949.30.0
2,676.12,967.12,579.82,872.8
Investments in Group companies
Shares and participations in Group companies12134.34.30.80.8
Shares and participations in associates1213352.1248.5477.2301.1
356.3252.7478.0301.9
Other investments
Shares and participations1618,204.515,374.618,220.615,390.7
Money-market instruments8,092.69,911.58,092.69,911.5
Loans guaranteed by mortgages309.6362.6309.6362.6
Other loan receivables181,210.91,599.71,210.91,599.7
27,817.527,248.327,833.727,264.5
30,850.030,468.230,891.530,439.1
Receivables
Direct insurance operations
Policyholders156.5179.6156.5179.6
Other receivables
Other receivables806.3396.71,083.2412.7
962.8576.31,239.8592.3
Other assets
Tangible assets
Equipment172.32.72.32.7
Other tangible assets170.90.90.90.9
3.23.63.23.6
Cash at bank and in hand677.3620.1402.0606.5
680.5623.7405.2610.1
Prepayments and accrued income
Accrued interest and rent111.0140.4112.1141.4
Other prepayments and accrued income8.620.78.720.9
119.6161.2120.7162.3
TOTAL ASSETS32,627.531,851.432,671.831,825.9
ParentParent
CompanyCompanyGroupGroup
31 Dec, € million2014201320142013
LIABILITIES
Capital and reserves
Guarantee capital11.911.911.911.9
Other reserves89.084.589.084.5
Profit/loss brought forward0.40.4149.3-53.7
Profit/loss for the financial year5.95.2-102.023.6
26107.2102.0148.266.4
Minority interest14.514.1
Technical provisions
Provision for unearned premiums2316,960.617,028.016,960.617,028.0
Provision for claims outstanding2315,109.014,371.215,109.014,371.2
32,069.731,399.132,069.731,399.1
Liabilities
Direct insurance operations7.79.97.79.9
Other liabilities403.6321.1392.2316.8
411.3331.0399.9326.7
Accruals and deferred income39.319.339.619.5
TOTAL LIABILITIES32,627.531,851.432,671.831,825.9