Access America 2009 Annual Report Download - page 39

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BUSINESS YEARS 2008 - 2009
INCOME STATEMENT
in thousand EUR 2009 2008
Gross total turnover (written premiums and service revenues) 1,673,402 1,597,009
Net earned premiums and service income 1,643,396 1,568,590
Insurance claims (786,407) (689,421)
Costs insurance and service (791,053) (798,427)
Operating Result 65,936 80,742
Financial operating result 27,926 28,640
Operating Profi t 93,862 109,382
Result after taxes and before minorities 58,152 65,132
Minority interests in earnings (2,162) (2,570)
GROUP RESULT (NET INCOME) 55,990 62,562
BALANCE SHEET
in thousand EUR 2009 2008
ASSETS
Intangible fi xed assets 43,034 42,867
Tangible fi xed assets 54,602 52,652
Investments 603,031 581,622
Accounts receivable 349,226 362,302
Cash and cash equivalents 349,263 285,184
Total remaining assets 110,909 106,474
TOTAL ASSETS 1,510,066 1,431,100
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity 408,355 379,405
Minority interest in shareholders’ equity 10,854 10,321
Technical provisions 687,603 637,381
Non-technical provisions 87,870 96,439
Other liabilities 297,671 288,456
Deferred taxes - liabilities 17,713 19,097
Total liabilities 1,101,710 1,051,694
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 1,510,066 1,431,100
KEY RATIOS
2009 2008
Return on equity 14.20% 17.30%
Return on net earned premiums and service income (before taxes) 5.90% 6.60%
Combined Ratio 95.90% 94.90%
Growth on net earned premiums and service income 4.80% 7.70%
All detailed fi nancial information on: www.mondial-assistance.com/corporate/media/annual-reports/
ANNUAL REPORT 2009 / Mondial Assistance 35