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44 Mondial Assistance Annual Report 2008
Financial results
Financial statements
of Mondial Assistance AG
Balance Sheet of Mondial Assistance AG
IN THOUSAND CHF 2008 2007
ASSETS
Fixed assets
Other intangible assets 398 876
Participations 398,511 398,511
Loans to group companies 8,910 0
Total fi xed assets 407,819 399,387
Current assets
Cash and cash equivalents 32 47,889
Receivables 7,921 9,115
Receivables from group companies 32,092 17
Accrued income 370 307
Total current assets 40,415 57,328
Total assets 448,234 456,715
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities
Accruals and deferred income 343 315
Other liabilities 862 588
Other liabilities to group companies 776 1,007
Total liabilities 1,981 1,910
Shareholders’ equity
Share capital 40,000 40,000
Other legal reserve 357,000 357,000
Legal reserve 977 977
Retained earnings brought forward 16,122 0
Net profi t for the fi nancial year 32,154 56,828
Total shareholders’ equity 446,253 454,805
Total liabilities and shareholders’ equity 448,234 456,715
Income Statement of Mondial Assistance AG
IN THOUSAND CHF 2008 2007
Financial Income 37,512 61,103
Personnel expenses (1,539) (1,612)
Administrative expenses (3,341) (2,198)
Depreciation (478) (424)
General expenses (5,358) (4,234)
Profi t for the fi nancial year before taxes 32,154 56,869
Taxes 0 (41)
Profi t for the fi nancial year 32,154 56,828