Access America 2003 Annual Report Download - page 38

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Income Statement
Business
years 2001 - 2003
in million EUR 2003 2002 2001
Total Turnover (Premiums and Service revenue) 995.5 1 008.0 907.2
Net earned premiums and service income 962.3 933.9 846.6
Claims (496.6) (463.4) (438.8)
Costs (441.5) (447.0) (412.4)
Technical interest 12.9
Operating result 24.2 23.5 8.2
Financial result 2) 16.9 10.2 17.0
Reallocation of technical interest (12.9)
Other income/expenses and depreciation on intangible assets (3.9) (4.1) (2.3)
Result before Tax 37.2 29.7 10.0
Taxes (20.4) (12.5) (4.8)
Result after Tax 16.8 17.2 5.2
Minority interest in the results (1.2) (0.1) (0.4)
Group result 15.6 17.1 4.8
Balance Sheet
ASSETS
Investments 411.7 403.2 347.5
Cash and cash equivalents 173.2 122.1 107.2
Accounts receivable 228.6 240.1 214.4
Total remaining assets 180.3 189.3 184.6
Total assets 993.8 954.7 853.6
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity 263.7 254.4 222.4
Technical provisions 410.9 383.1 332.5
Other liabilities 319.2 317.2 298.8
Total shareholders’ equity and liabilities 993.8 954.7 853.6
Key Figures
Return on equity (before taxes) 13.9% 12.4% 4.4%
Return on earned premiums (before taxes) 3.9% 3.2% 1.2%
Growth earned premiums and service income 3.0% 10.3% 12.0%
1) The presentation of the financial statement has been amended in 2002. The comparative figures for prior years have been amended accordingly.
2) The financial result includes ordinary, realised, accounting and exchange rate gains.
Mondial Assistance Group
36