4.4 Legal risk - Scor

APPENDIX D: TO THE REGISTRATION DOCUMENT:
MANAGEMENT REPORT
In accordance with the AMF Guide d’élaboration des documents de référence up-dated as at 20 December 2010,
statements and information pertaining to the management report on the Company’s and on the Group’s activities in
2012, as approved by the Board of Directors on 5 March 2013 (the “Report”), are included and presented in the
Registration Document 2012 which will be submitted as such to the Shareholders’ Meeting convened to approve the
financial statements of the financial year ended on 31 December 2012.
Therefore, the Registration Document’s sections referred to in the table of compliance set forth under Section 4
hereafter, are fully incorporated to this Report of which they are deemed to be an integral part.
Statements and information relating:
• to the resolutions submitted to the Shareholders’ Meeting, pursuant to the provisions of Articles R.225-83, 4°
of the French Commercial Code;
• to the 2012 stock-option plans and stock purchase plans; and
• to the 2012 free shares allocation plans,
are presented in separate reports of the Board of Directors.
1 OPERATING AND FINANCIAL REVIEW OF
SCOR SE
1.1 Year 2012
1.1.1 OPERATING AND FINANCIAL REVIEW OF SCOR SE IN 2012
The balance sheet of SCOR SE as at 31 December 2012 amounts to EUR 7,533,153,877 compared to
EUR 7,526,177,627 at the end of 2011.
The total of financial assets of SCOR SE is EUR 4,938,055,101.
The shareholders' equity of SCOR SE is amounting to EUR 2,632,100,751 and other equities are amounting to
EUR 1,067,244,882. The debts amounted to EUR 495,689,375 including other loans of EUR 351,843,601.
The net amount of reinsurance reserves rose to EUR 3,269,186,299.
The reinsurance result of SCOR SE as at 31 December 2012 is EUR 79,026,569 while the financial result is EUR 195,
389,316.
SCOR SE’s net income reached EUR 208,192,213 in 2012.
For additional information on the operating and financial situation of SCOR SE and its subsidiaries, as well as on their
activities’ development in 2012, please refer to Section 9, Section 20 and Appendix A of the Registration Document.
1.1.2 ADDITIONAL INFORMATION
Liabilities due to suppliers
Pursuant to the provisions of Article L. 441-6-1 of the French Commercial Code, specific situations excepted (as,
notably, litigations on invoices received), the suppliers’ invoices are paid upon receipt or 30-days from the end of the
month.
Total amount of exceptional expenditures
Pursuant to Article 223 quarter of the French General Tax Code, we remind you that the amount of the expenses and
charges referred to in Article 39.4 of said Code totals EUR 108,369 for the previous fiscal year 2012 and the amount of
taxation borne by the Company due to the non-deductibility of such charges should amount to a total of EUR 39,121.
Reintegration of general expenditures
None of the expenses referred to in paragraph 5 of Article 39 of the French General Tax Code are considered as nondeductible
for tax income 2012.
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