kontinuita - Komunálna Poisťovňa

NOTES TO
THE FINANCIAL
STATEMENTS
20. Insurance benefits and claims
Long-term insurance contracts
2008 2007
Gross Reinsurance Net Gross Reinsurance Net
Insurance benefits and claim
settlement expenses paid in the 2,027,054 14,000 2,013,054 1,568,905 10,872 1,558,033
current year
Change in technical provisions 210,494 -5,336 215,830 704,421 985 703,436
Short-term insurance contracts
Insurance benefits and claim
settlement expenses paid in the 4,102 1,338 2,764 4,096 28 4,068
current year
Change in technical provisions -1,456 -697 -759 -136 17 -153
Total 2,240,194 9,305 2,230,889 2,277,286 11,902 2,265,384
21. Other expenses by destination
a) Expenses for the acquisition of insurance contracts
2008 2007
Deferred acquisition costs -45,190 -105,967
Costs incurred for the acquisition of insurance contracts and expensed in the
current year
352,892 289,981
Total expenses for the acquisition of insurance contracts 307,702 184,014
b) Marketing and administrative expenses
2008 2007
Marketing and administrative expenses 70,812 62,973
Depreciation of non-current tangible assets (Note 5) 6,329 6,013
Amortization of intangible assets (Note 6) 4,523 3,637
Total marketing and administrative expenses 81,664 72,623
22. Expenses by nature
2008 2007
Commissions to intermediaries 168,267 85,236
Depreciation and amortization (Notes 5 and 6) 10,852 9,650
Employee benefit expense (Note 23) 94,077 96,248
Purchase of goods and services 32,425 52,651
Purchase of software 13,078 1,282
Audit 1,115 1,000
Bank charges 4,910 3,628
Valuation allowances 58,362 -4,647
Receivables written off 4,918 -399
Other expenses 1,362 13,704
Total expenses 389,366 258,353
KONTINUITA ANNUAL REPORT 165