kontinuita - Komunálna Poisťovňa

FINANCIAL
STATEMENTS
Statement of Changes in Equity
Share
capital
Legal reserve
fund and other
reserves
Revaluation
differences
from securities
available for
sale
Retained
earnings
Total
equity
Balance at 1 January 2007 300,000 19,920 -2,696 1,354 318,587
Loss for the year – – – 7,236 7,236
Loss for the revaluation
of securities available for sale
– – -7,107 – -7,107
Total recognised income for
current accounting period
– – -7,107 7,236 129
Contribution to legal reserve fund – 2,004 – -2,004 –
Balance at 31 December 2007 300,000 21,924 -9,803 6,586 318,707
Loss for the year – – – -72,061 -72,061
Loss from revaluation of financial
assets available for sale
– – -78,447 – -78,447
Total recognised income for the
current accounting period
– – -78,447 -72,061 -150,508
Appropriation to reserves – 724 – -724 –
Contribution to equity 450,000 450,000
Balance at 31 December 2008 300,000 22,649 -88,251 383,801 618,199
Cash flow statement
Note 2008 2007
Cash flows from operating activities 25 55,526 -90,328
Income tax paid 7,153 -9,845
Net cash from operating activities 62,679 -100,173
Cash flows from investing activities
Purchases of property, plant, and equipment 5 -4,137 -3,869
Purchase of intangible assets 6 -3,848 -2,541
Net cash used in investing activities -7,985 -6,410
Cash flows from financing activities
Contribution to equity 450,000 –
Net cash used in financing activities 450,000 –
Increase/(Decrease) in cash and cash equivalents 504,694 -106,583
Cash and cash equivalents at the beginning of the year 79,319 185,902
Cash and cash equivalents at the end of the year 11 584,013 79,319
KONTINUITA ANNUAL REPORT 89