Access America 2008 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2008 Access America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 54

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54

38 Mondial Assistance Annual Report 2008
Financial results
VALUATION ANALYSIS INVESTMENTS
IN THOUSAND EUR 2008 2007
FIXED-INCOME SECURITIES AND OTHER INVESTMENTS
Acquisition cost of portfolio 395,463 343,099
Fair value per end of period 397,909 345,787
Difference 2,446 2,688
Shares
Aquisition cost of portfolio 212 17
Fair value per end of period 216 24
Difference 4 7
INTANGIBLE AND TANGIBLE FIXED ASSETS
IN THOUSAND EUR
INTANGIBLE
FIXED ASSETS
OTHER TANGIBLE
FIXED ASSETS
REAL
ESTATE
TOTAL
Balance value as of January 1st 47,631 47,400 7,973 103,004
Exchange rate change (451) (3,179) 0 (3,630)
Additions 5,400 21,429 0 26,829
Change scope of consolidation (765) 132 0 (633)
Disposals (731) (8,227) (185) (9,143)
Amortisation / Depreciation (7,488) (12,613) (82) (20,183)
Change in accounting policies (728) (728)
Balance value as of December 31st 42,868 44,942 7,706 95,516
Real Estate
The gross capita lised values totalled
10.987 thousand euros at the beginning
of the year and 10.801 thousand euros
at the end of the year. The decrease is
due to a reclassifi cation through build-
ing used by third parties. Accumalated
depreciation amounted to 3.014 thou-
sand euros at the beginning of the year
and 3.096 thousand euros at the end of
the year.
Tangible fi xed Assets
The gross capitalised values totalled
132.904 thousand euros at the begin-
ning of the year and 137.988 thousand
euros at the end of the year.
Accumalated depreciation amounted to
85.504 thousand euros at the beginning
of the year and 93.046 thousand euros
at the end of the year. Expenditures
to restore the future economic ben-
efi ts from the assets are capitalised if
they extend the useful life of the asset,
other wise they are recognised as an
expense.
Intangible fi xed Assets
Goodwill (net) amounted to 19.176
thousand euros at the beginning and
19.497 thousand euros at the end of
the period. Other intangible fi xed assets
(net) totalled 28.455 thousand euros at
the beginning of the year and 23.371
thousand euros at the end of the year.
CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY
IN THOUSAND EUR 2008 2007
Shareholders’ equity as of January 1st 344,667 323,352
Exchange rate differences (5,969) (1,061)
Net profi t for the fi nancial year 62,564 57,084
Unrealised gains on afs investments 4,328 (695)
Unrealised losses on afs investments 2,978 (1,716)
Dividends to shareholders (25,650) (16,859)
Others movements (3,513) (1,579)
Correction of an error related to previous years (13,859)
Shareholders’ equity as of December 31st 379,405 344,667