The Insurance Company, Not The Member Insurers, Reinsurance Company Of Branches And Subsidiaries Of A Member State The Reinsurers Annual Accounts And The Consolidated Annual Report Of The Legislative Provisions

Original Language Title: Apdrošināšanas sabiedrību, nedalībvalstu apdrošinātāju filiāļu, pārapdrošināšanas sabiedrību un nedalībvalstu pārapdrošinātāju filiāļu gada pārskata un konsolidētā gada pārskata sagatavošanas normatīvie noteikumi

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://www.vestnesis.lv/ta/id/126342

Financial and capital market Commission Regulation No 21 of 2006 in Riga on 13 January (pr. 4. p. 2)
Insurance company, mutual insurance cooperative society and member of the insurer not affiliate annual report and the consolidated annual report Regulations Issued pursuant to the financial and capital market Commission of the law article 7 paragraph 1, first subparagraph, and article 17, paragraph 2 of the insurance companies and the monitoring of article 49 of the law first, second and third part of the European Parliament and of the Council of 19 July 2002, Regulation (EC) No 1606/2002 on the application of international accounting standards "(5) i. General questions 1." insurance joint stock company , mutual societies and cooperatives of the Member insurer affiliate annual report and the consolidated annual report for the preparation of the rules "(hereinafter-the rules) are binding on the insurance company, mutual insurance associations and cooperatives of the Member insurer not affiliates (hereinafter insurer), preparing the annual accounts, consolidated accounts and the accounts of the sort.
2. The insurer for each year of coverage shall prepare an annual report and the consolidated annual report. Annual report (consolidated financial statements) as a single package consisting of: 2.1. financial statements (consolidated financial statements);
2.2. the insurer's management (joint stock company – Council and Board, in mutual cooperative associations-executive body) the message (the parent company of the group management report);
2.3. the notice of the insurer's control (control group).
3. Financial statements (consolidated financial statements) should provide a true and fair view of the insurer's financial position, performance and cash flow. Financial statements (consolidated financial statements) prepare, on the basis of the international accounting standards Board issued international accounting standards, financial reporting standards and international financial reporting interpretations Committee's interpretations of the standards approved by the European Commission and which has been published in the official journal of the European Union (hereinafter referred to as international financial reporting standards). Information about international financial reporting standards available from the internet site www.europa.eu.int/comm/internal_market/accounting/ias_en.htm, as well as the Ministry of Finance of the Republic of Latvia in the website www.fm.gov.lv. The preparation of financial statements (consolidated financial statements), you can also use the international financial reporting standards published in the official journal of the European Union after the balance sheet date but before the approval of the annual report. Information about international financial reporting standards in the course of approval of the European Commission, and the expected publication of the official journal of the European Union is available on the website www.efrag.org.
4. financial statements (consolidated financial statements) include: 4.1. balance sheet (consolidated balance sheet);
4.2. income statement (consolidated profit and loss statement);
4.3. cash-flow statements (the consolidated cash flow statement);
4.4. changes to the capital and reserves accounts (consolidated capital and reserves changes);
4.5. the annex.
5. Annual report (consolidated annual accounts), the currency is the monetary unit of the Republic of Latvia. Annual report (consolidated annual accounts) indicates the degree of precision for numbers.
6. the annex shall include descriptive information on the balance sheet, income statement, cash flow statement and changes in capital and reserves report (consolidated balance sheets, consolidated income statement, the consolidated cash flow statement and the consolidated capital and reserves changes) of items in the content, as well as reveal other information that is significantly affected by or can significantly affect the insurer's financial position and operating results.
7. the balance sheet, income statement and cash flow statement item layout specified in this provision, in paragraph 62 and 93, but changes in capital and reserves report sample-in annex 2. The insurer may hide certain items if they are not essential or not reporting it makes financial reporting items as well as create more transparent in that report items on a different layout, but in any case the roles information recording must comply with international financial reporting standards.
8. The insurer's annual report signature: 8.1. limited liability companies – Chairman of the Board and the Chairman of the Council;
8.2. mutual cooperative societies – the head of the Executive Body;
8.3. the member insurers not affiliates-Affiliate Manager.
9. the consolidated annual accounts shall be signed by the parent company of the insurer Group's management: 9.1. joint stock company – Chairman of the Board and the Chairman of the Council;
9.2. mutual cooperative society, the head of the Executive Body in.
10. explanation of terms used in the regulations is given in annex 1.
II. Annual report (consolidated annual accounts) submission and publication 11. The insurer shall provide financial and capital market Commission (hereinafter the Commission) annual report (consolidated accounts), together with Chartered Auditors or certified auditor of the company (hereinafter referred to as the sworn auditor) actuarial valuation report and the insurance companies and their monitoring in accordance with the procedure prescribed by law. Together with the annual report (consolidated annual accounts), the insurer shall submit to the Commission, the meeting of shareholders or insurer mutual insurance cooperative society members ' general meeting (the meeting authorised) protocol statement of annual accounts (consolidated annual accounts), the insurer of management addressed the jury a copy of the auditor's report and the group law in the cases provided for in the report of the addiction.

12. The insurer annual report (consolidated annual accounts) and the sworn auditor's report not later than one month after the annual report (consolidated annual accounts) the shareholders ' meeting for approval or mutual cooperative society at a general meeting of members (authorised meeting) shall be published in at least one daily newspaper, which is distributed throughout the territory of the Republic of Latvia, and placed the insurer's website, if one exists. If the insurer's annual report (consolidated annual accounts) published in full, it must be identical to the sworn auditor verified. This annual report (consolidated annual accounts) be published together with the full certified auditor's report on financial statements (consolidated financial statements).
13. If the insurer's annual report (consolidated financial statements) are not published in full, clearly indicate that it is published in abridged annual report (consolidated financial statements), but the complete annual report (consolidated financial statements) freely available for payment of the insurer in the seat, not exceeding the costs of reproduction. Publish a short annual report (consolidated accounts), accompanied by a sworn auditor's report on the condensed annual report (consolidated annual accounts).
14. a member insurer's branch shall submit to the Commission an annual report and provide any interested person free access to it in accordance with the insurance company and under the supervision of the law.
II. Reports control 15 Insurers (the parent company of the group management) report on the annual report (consolidated annual accounts): 15.1 the insurer (Group) development and characteristics of the financial situation of reference year;
15.2. the insurer (Group) development forecast for at least one year, explaining any relevant circumstance and risk;
15.3. the acquisition of shares/shares;
9.6. details of important events, if any, after the end of the reporting year;
15.5. If financial instruments are significantly affected by the assets, liabilities, capital and reserves and the outcome of the action: 15.5.1. Summary of risk management objectives and policies, including an indication of the planned deal, which is expected to use hedge accounting, 15.5.2. information about the insurer's pricing, credit, liquidity and cash flow risks;
15.6. the proposals for the distribution of profits, or loss of dividends.
16. the notification, stating the insurer (the parent company of the group management) responsibility: 16.1. Management has the responsibility to the Republic of Latvia in accordance with existing legislative requirements to prepare financial statements (consolidated financial statements), which clearly and truly reflects the insurer (Group) financial condition at the end of the year, as well as its annual activity report of the results and cash flow;
16.2. the management (of the parent company of the Group) is responsible for the proper accounting of funds of the insurer sort, as well as fraud and other fraudulent activities;
16.3. or financial statements (consolidated financial statements) prepared in accordance with the consistent use of international financial reporting standards;
16.4. or insurer (the parent company of the group management) decisions and assumptions about financial statements (consolidated financial statements) has been preparing carefully and wisely.
17. If a Board of directors or a member of the Council considers that the annual report (consolidated financial statements) is not confirmed, or raise objections, which he will announce the members of the shareholders ' meeting or general meeting, in particular the communication on the management of the insurer (the parent company of the group management) responsibility.
IV. Balance sheet items BSI 18. sample layout 18.1 18.1.1. Assets tangible assets 18.1.2. Investments in land and buildings 18.1.2.1. Same activity 18.1.2.2. Investment property 18.1.3. Intangible assets goodwill 18.1.3.1.18.1.3.2. other 18.1.4. investments in share capital of the company related 18.1.5. investments in share capital of the companies associated to 18.1.6. Held for trading financial assets 18.1.6.1. Shares and other securities with fixed income 18.1.6.2. Debt securities and other fixed income securities 18.1.6.3. Derivative financial instruments are classified as 18.1.7. fair value of financial assets with estimated presentation of the income statement 18.1.7.1. Shares and other securities with fixed income 18.1.7.2. Debt securities and other fixed income securities 18.1.8. Available-for-sale financial assets 18.1.8.1. Shares and other securities with fixed income 18.1.8.2. Debt securities and other fixed income securities 18.1.9. Held-to-maturity investments 18.1.9.1. Debt securities and other fixed income securities 18.1.9.2. Time deposits with credit institutions 18.1.10. loans and receivables 18.1.10.1. loans 18.1.10.1.1. With mortgage backed loans loans 18.1.10.2 18.1.10.1.2. other receivables
18.1.10.2.1. customers from direct insurance operations 18.1.10.2.1.1. Policyholders 18.1.10.2.1.2. Intermediaries 18.1.10.2.2. customers from reinsurance operations. Deposits at the 18.1.10.2.3 18.1.10.2.4 of the transferor. Other receivables accrued income and 18.1.11. prepaid expenses 18.1.11.1. Deferred acquisition costs 18.1.11.2. other prepaid expenses and accrued income tax assets 18.1.12.18.1.13. Reinsurance contracts 18.1.13.1. the share of Reinsurers unearned premiums Reinsurers in technical reserves 18.1.13.2. share of life insurance technical reserves 18.1.13.3. the share of Reinsurers for outstanding claims technical provisions 18.1.14. Cash in hand and requirements to the request against 18.1.14.1. credit institutions cash in 18.1.14.2. requirements on demand to credit institutions 18.1.15. Total assets 18.2. Capital and reserves share capital 18.2.1.18.2.2. Share premium 18.2.3. own shares/shares (–) 18.2.4. Revaluation reserve 18.2.5. Equalisation provision 18.2.6. Reserve estimates for participation in profit and capital reserve 18.2.7. other reserves 18.2.8. Previous years retained earnings/loss 18.2.9. Profit/loss 18.2.10. Total equity and reserves 18.3 18.3.1. Insurance obligations obligations 18.3.1.1. The provision for unearned premiums and unexpected risks in technical reserves

18.3.1.2. Life insurance technical reserves 18.3.1.3. For outstanding claims technical provisions 18.3.1.4. Bonus of technical reserves 18.3.1.5. other technical reserves the technical reserve 18.3.1.6. life insurance contracts where the investment risk policyholders 18.3.2. Held for trading financial liabilities 18.3.2.1.18.3.2.2. Equity instruments debt instruments 18.3.2.3. Derivative financial instruments classified as 18.3.3. fair value of financial liabilities assessed with the reflection of a profit and loss statement 18.3.3.1. The investment contract If the investment risk of the policyholder, financial commitments 18.3.3.2. other investment contracts financial liabilities. Amortized acquisition 18.3.4 value assessed financial commitment 18.3.4.1. Investment contracts financial liabilities deposits from reinsurers 18.3.4.2.18.3.4.3. Subordinated liabilities 18.3.4.4. Borrowings 18.3.4.5. Creditors creditors 18.3.4.5.1. from direct insurance operations 18.3.4.5.1.1. Policyholders 18.3.4.5.1.2. Intermediaries 18.3.4.5.2. Vendor of 18.3.4.5.3 reinsurance operations. Other creditors 18.3.5. Accruals accruals 18.3.5.1. pensions and similar obligations. other accruals 18.3.6 18.3.5.2. Tax 18.3.7. Accrued expenses and deferred income total liabilities 18.3.8.
18.4. Total capital and reserves and liabilities v. explanation of balance sheet items 19. The item "tangible assets" reflects the insurer owned by financial leasing transactions resulting in tangible assets, which it uses to provide the services, for administrative purposes, other intangible asset preservation or repair needs, rent and intended for more than one year. Here also provides the software, which is the electronic equipment or appliances an integral part, as well as the insurer-owned and non-purchase of the leased tangible assets reconstruction, improvement or restoration costs, which have improved the tangible assets of the economic indicators, if the lease agreement does not provide for the reimbursement of costs and expenses. This item reflects the unfinished construction costs and advance payments for parcels of land, buildings and material assets. In the annex indicates the use of the materials in the same assets.
20. The item "investments in land and buildings" reflects the investment in land and buildings, t.sk. without the purchase of the leased and financial leasing transactions resulting. Here also reflect the entitlement to real estate, as well as the insurer-owned and non-purchase of leased buildings reconstruction, improvement or restoration costs, which have improved the economic performance of the object, if the tenancy agreement does not provide for the reimbursement of costs and expenses.
21. The item "intangible assets" reflects the identifiable assets which do not have the material forms, which are kept in the provision of services or for other purposes, if the insurer is expected to receive in the future economic benefits that are attributable to those assets, such as the payment of acquired rights, t.sk. concessions, patents, licenses, rental rights, Pro grammnodrošinājum, not electronic form an integral part of the equipment, the company purchased the positive goodwill, taking over the insurance portfolio results in final insurance contract intangible assets and other similar in substance to the compensation for assets.
22. The item "investments in affiliated companies share capital" represents the investment (shares) related company share capital. Related company is the insurer's subsidiaries and subsidiaries a subsidiary, as well as the insurer's parent company and other subsidiaries of the parent company.
23. The item "investments in associated companies share capital" represents the investment (shares) of the share capital of associated companies.
24. The item "shares and other securities with fixed income" reflects the public investments in fixed capital investment fund investment certificates and pielīdzināmo securities and investments in other securities with no fixed income. Here are presented only the participation in share capital of the company, in accordance with paragraphs 22 and 23 do not reflect the requirements of the relevant balance sheet asset items. Separately in the annex to the value of the assets related to unit-linked life insurance.
25. The item "debt securities and other fixed income securities" reflects the transferable debt securities, mortgage debentures and other transferable securities with fixed income t.sk. Central and local government securities issued by credit institutions and other securities issued by the company. Securities whose interest rate changes under special conditions, such as the interest rate on the interbank market, is regarded as debt securities and other fixed-income securities. Separately in the annex to the value of the assets related to unit-linked life insurance.
26. The item "financial derivatives" reflects the financial assets that result from evaluating the derivative financial instruments fair value, i.e. the separate derivative financial instruments positive value amount.
27. The item "Deposits in credit institutions" reflects credit institutions deposits that can be withdrawn only after a certain period. Deposits, which do not have such a time-limit or it does not exceed 24 hours or one day of work, even if they bear interest income reflects the balance of assets 18.1.14.2. item. A credit institution within the meaning of this provision corresponds to article 1 of the law of credit institutions 1, point a (a)).
28. The item "mortgage-backed loans" reflects the loans against mortgages. Annex decrypts with the mortgage loan amount provided by the insurance policy without additional collateral.

29. The item "other loans" represents loans where, in accordance with the requirements of paragraph 28 should not be reflected in the balance sheet asset item 18.1.10.1.1. This item is also reflected in the Bills of Exchange received, replacing the receivables or loans. Here also reflect loans to policy-holders, except in cases of life insurance when, on the basis of the insurance contract concluded with legal persons, the loan is issued either policy holder (legal entity), or to the insured person, provided that the issued loan amount reduces the risk the insurer admitted in part. Such loans reflects the balance of the item 18.1.10.2.4. In the annex, decrypts the amount of loans with and without supplemental security insurance policy. If no security insurance policies amount of loans is substantial, such loans decrypts annex.
30. The item "Receivables from direct insurance operations – policyholders" reflects the requirements in accordance with the terms of the insurance contract against policy-holders, even if the insurance contract is concluded through the intermediary of insurance services. If the policyholder has made a settlement with the insurance, the insurance intermediary shall not perform the settlement with the insurer of such payments is to be recognised as a requirement for insurance intermediaries, in accordance with the provisions of paragraph 31 should reflect the balance of the item 18.1.10.2.1.2.
31. The item "Receivables from direct insurance operations – intermediaries" reflects the requirements in accordance with the mediation agreement to insurance intermediaries, insurance companies and other leading insurers in the case of co-insurance.
32. The item "Receivables from reinsurance operations" reflects the insurer's claims against reinsurers that are passed to the risks in the reinsurance, and insurers, who takes risks to reinsurance, claims against the transferor, as well as claims against the reinsurance intermediaries if they have been nominated under reinsurance or brokerage agreement. If the insurer or reinsurer simultaneously works as both the transferor as reinsurers, annex the customer requirements shall be indicated separately.
33. The item "deposits at the transferor's" the insurer who assumes the risk, reinsurance, guarantee contributions reflect how deposits that deposited with ceding undertakings or to third parties, if the reinsurance treaty provides for this procedure. Here reflect the amounts must not be combined with other insurers or the transferor's debts, cut down on insurer's debts, as well as ceding to such displays of mutual clearing. The securities, which are deposited with the assignor or a third party, but which remain the property of the insurer, reflecting how concerned the balance of assets, and such facts found in the annex.
34. The item "other receivables" reflects the requirements under paragraph 30-33 requirements did not reflect the balance of assets under 18.1.10.2.1., 18.1.10.2.3., as well as paragraph 29 of these loans to policyholders, which does not reflect the balance of the item 18.1.10.1.2. This item reflects the signed part of the issued share capital of which is not paid at the balance sheet date.
35. The item "deferred acquisition costs" reflects their customer acquisition expense part of the conclusion of contracts of insurance-related direct customer acquisition costs, such as insurance intermediaries in the payment of commissions and expenses for the presentation of documents relating to the next financial year and which may be attributed to a specific contract of insurance. Non-life insurance, calculating what proportion with every contract related to direct customer acquisition costs relate to the deferred client acquisition costs, a proportion of which types of unearned premiums, of the technical reserves ratio of gross premiums written with each insurance contract. If the life insurance technical reserves is included in the calculation of the customer acquisition costs, it is written off in accordance with Cilmerizācij of the editions or in proportion to the duration of the contract, but for not more than five years, reflecting the outstanding part of this item. This calculation needs life insurance mathematically calculated the amount of the technical reserves may not be reduced on certain insurance contracts the adverse mathematical provisions. The insurer who assumes the risk, reinsurance this item reflects the assumed reinsurance commissions in the part relating to the next financial year, in accordance with the calculation referred to in this paragraph.
36. Under "other deferred expenses and accrued income" reflects the income relating to the financial year and for earlier years, but that has not yet fallen due receipt, except where, in accordance with international financial reporting standards include the specified financial assets at fair value or amortized acquisition costs as well as expenses incurred up to the end of the financial year but relating to future periods. These amounts are explained in the annex.
37. The item "tax assets" reflects deferred tax assets as well as current corporate income tax assets in accordance with international accounting standard 12.
38. The item "reinsurance agreements" reflect, in accordance with the procedure approved by the management of the insurer calculated the share of reinsurers in insurance contract the insurance liabilities, subject to the conditions of reinsurance contracts.
39. The item "requirements on demand to credit institutions" reflects the requirements on demand to credit institutions (claims against credit institutions, which can be satisfied without prior demand or request deadline is 24 hours or one business day).
40. The item "share capital" represents the paid the nominal value of shares (shares) of the total.
41. The item "share premium" reflects the difference between the sales price of the shares of the insurer and the nominal value, excluding fees accumulated funds to pay.

42. The item "own shares/shares (–)" reflects the insurer recovered shares or shares, indicating its acquisition value. The acquisition value of the shares or shares included the acquisition of the related additional expenditure. In the annex indicates the same stock or shares, the number and the nominal value.
43. The item "revaluation reserve" reflects the contribution of land and buildings, which are used for the operation of the insurer, and the reassessment of the value of available-for-sale financial assets fair value changes according to the insurer's accounting policy set out in the conditions of evaluation of items, as well as related foreign exchange differences in accordance with international accounting standard 21. Here also reflect the revaluation of tangible assets and impairment losses, if the previous periods was found to increase in value, in accordance with international accounting standard 16. This item shall also intangible assets revaluation reserve in accordance with the international accounting standard 38..
44. The item "equalisation provision" represents the insurer in accordance with the procedure approved by management contracts of insurance calculated equalization reserve, subject to the provisions approved by the Commission for the establishment of technical provisions and the procedure for calculating the requirements.
45. The item "reserve estimates for participation in profits" reflects the reserve, which the insurer, in determining the accounting policy for investment contracts with a guaranteed yield and profit participation estimates, is expected to recognize separate records of participation in profit estimates in part and classify as capital and reserve position.
46. The item "reserve capital and other reserves" reflects the funds created from the reporting year and prior year profit and the accumulated contributions funds to pay new stock release, as well as other reserves created in statutes or regulations. Cooperative associations between this item reflects the entry fee, if it meant mutual cooperative society statute, donations, and other unexpected income, as well as mutual cooperative society established in accordance with the procedure prescribed in the statutes of the other reserves.
47. The item "previous years retained earnings/losses" reflect the previous reporting year retained earnings remaining in the reserve of the insurer after the capital and the rest of the reserve replenishment and distribution of dividends, or loss.
48. The item "profit/loss" reflects the profit or loss before its distribution.
49. The item "the provision for unearned premiums and unexpected risks in technical reserves", "assurance", "technical reserves for outstanding claims technical provisions", "bonus" and "technical reserves technical reserves of life insurance contracts where the investment risk of the policyholders ' reflect, in accordance with the procedure approved by the management of the insurer, insurance contracts, unearned premium calculated, unexpected risk, life insurance, claims outstanding, and the market tied to the bonus of life insurance technical reserves pursuant to the rules approved by the Commission for the establishment of technical provisions and the procedure for calculating the requirements.
50. The item "other technical reserves" represent the insurer in accordance with the procedure approved by management calculate technical provisions.
51. The item "investment contracts financial liabilities" reflects the obligations arising from investment contracts with a guaranteed return, the investment contracts with a guaranteed yield and profit participation, estimates investment contracts where the investment risk, the policyholder and other investment contracts, which by their legal forms correspond to insurance contracts. Determining the accounting policy, the insurer shall indicate whether the investment contracts with a guaranteed yield and profit estimates membership guaranteed yield part accounting recognises separately from the estimates for the presence of profit and reflects part of the guaranteed rate of return as financial liabilities and estimates of profit participation as financial liabilities or the item "reserve estimates for participation in the profits". Calculation of estimates of profit participation in part, subject to the provisions approved by the Commission for the establishment of technical provisions and the procedure for calculating the points relating to bonus calculation of technical provisions.
52. The item "financial derivatives" reflects the financial commitments arising evaluating derivative financial instruments fair value, i.e. the separate derivative financial instruments negative value amount.
53. The item "deposits from reinsurers" reflects the reinsurance contracts the insurer within received deposits or the amounts withheld from reinsurers. If the insurer has received as a deposit the securities, which are placed on the property, this item reflects the obligations of the insurer for the deposit to the extent specified in the contract.
54. The item "subordinated liabilities" reflects the obligations arising from the loan insurer, if the loan agreement provides that a lender may require repayment of the loan before maturity only in the event of liquidation of the insurer, and his claim is satisfied by the requirements of all other creditors, but prior to the shareholders ' claims. Those conditions are clearly established. In the annex the remainder of decrypts the connection time.
55. Under "Vendor from direct insurance operations – policyholders" reflect the policyholder the insurance premium prepaid. Item does not reflect the claims payable.

56. Under "Vendor from direct insurance operations – intermediaries" reflects the obligations under the mediation agreement to insurance intermediaries, insurance companies and other leading insurers in the case of co-insurance. If, in accordance with the mediation agreement, the insurer specified in insurance contract payments to policyholders through insurance, such obligations are also reflected in this item. Item does not reflect the claims payable.
57. Under "Vendor from reinsurance operations" reflects the obligations of the insurer against the reinsurers, insurer's commitments, as well as ceding reinsurance intermediaries if they formed under reinsurance or brokerage agreement. If one of the reinsurers (transferor) has entered into a number of reinsurance contracts is not acceptable mutual reinsurance transaction account closing balance (balance) calculation, except when it is provided in a reinsurance contract. If the insurer or reinsurer simultaneously works as the transferor, as both the reinsurer, the distribution reflects the attachment.
58. The item "other creditors" reflects the liabilities to affiliated and associated companies, other obligations, if not covered in paragraph 55-57 conditions and they do not reflect the relevant balance sheet liability items. The annex provides information on the contents of the items.
59. The item "accruals" reflects provisions for liabilities attributable to the financial year or previous years, if it is known that these commitments will require funds about you can reliably enough, and which satisfy 37. International accounting standard. Savings reflect the breakdown of the savings on pensions and similar obligations and other provisions, such as leave commitments in annex decrypting each stock type.
60. The item "tax liabilities" represents accruals deferred tax liabilities, as well as the current corporate income tax obligations in accordance with international accounting standard 12.
61. The item "accrued expenses and deferred income" reflects the income that is received by the insurer before the end of the reporting year, but relating to the next financial year, as well as the costs relating to the financial year and for earlier years, but the date for payment of the balance sheet date are not yet joined, except that in accordance with international financial reporting standards include the fixed financial obligations at fair value or amortized acquisition costs. This item reflects, for example, the accrued rent expenses and unearned reinsurance commissions. Unearned reinsurance commissions scrapped income pro rata reinsurance contract period.
Vi. Profit or loss statement 62. Income statement items layout sample 62.1. Premiums earned 62.1.1. Gross premiums 62.1.1.1. Gross premiums written. OCTA 62.1.1.2 minimum deduction () 62.1.2. the share of Reinsurers in premiums (-) signed 62.1.3. Change in the provision for unearned premiums and unexpected risks in technical reserve (+/–) change in reinsurers da 62.1.4. ļā technical provision for unearned premiums reserve (+/–) 38.6. Other technical income, net amount Agreed remuneration of 38.7. requirements, net 62.3.1. Paid insurance indemnity NET 62.3.1.1. Gross amount of remuneration paid to the 62.3.1.1.1.62.3.1.1.2. remuneration expenditure of adjustment of 62.3.1.1.3. repurchase amounts paid in 62.3.1.1.4. of the amount Recovered () 62.3.1.2. part in Reinsurer claims paid (–) 62.3.2. changes for outstanding claims technical provisions (+/–) 62.3.3. changes in the reinsurer's share for outstanding claims technical provisions (–) 38.8. changes in life insurance technical reserve (+/–) 62.5. changes in the reinsurer's share of life insurance technical reserves (-) 38.9. changes in other technical provisions (+/–) 62.7. Bonuses NET operating expenses. NET 39.0 62.8.1. Client acquisition costs deferred 62.8.2. Changes in customer acquisition costs (+/). Administrative expenses 62.8.4 62.8.3. Reinsurance commissions and participation in profits (-) 39.1. Other technical expenses, net changes in equalization rezer 35.10. cancer (+/–) No 62.11. Investment management expenses/income and commissions payable 62.12. Net interest income and dividend income 62.13. realized profit/Net loss from financial assets and financial liabilities that is not valued at fair value through profit or loss account No 62.14. Net profit/loss from held for trading financial assets and financial liabilities 62.15. Net profit/loss from classified as fair value measured financial assets and financial liabilities with the presentation of profit and loss statement 62.16. Foreign currency revaluation result 62.17. Tangible assets, investment in buildings of the same activity, investment property and intangible assets of derecognition of the profit/loss 62.18. depreciation 62.19. Impairment loss on financial assets 62.19.1. that is not measured at fair value through profit or loss, the impairment loss reinsurance contracts 62.19.2. impairment losses 62.19.3. Tangible assets, investment in land and buildings of the same activity, investment property, goodwill and intangible assets impairment loss 62.20. Negative goodwill 62.21. Profit/loss before tax of 62.22. calculation of the corporate income tax 62.23. Profit/loss for the reporting year 62.24. distribution of profits 62.24.1. shareholders dividends 62.24.2. Reserve estimates for participation in the profit equalization reserve 62.24.3.62.25. Profit/loss per share VII. Explanation of income statement items

63. Under "gross premiums written" reflects all the reference year signed insurance premiums on insurance contracts, which have entered into force during the reference year, regardless of whether or not the premiums received.
This post does not reflect the policyholder the insurance premium prepayments and in accordance with the terms of the insurance contract the insurance premium actually granted reduction (benefit) to the policyholder. The policyholder the insurance premium prepayment reflects the balance sheet liability item 18.3.4.5.1.1. Signed in premiums include: 39.2. short term (up to three years) non-life insurance contracts and life insurance: 63.1.1. lump-sum insurance premium that is paid at the beginning of the insurance contract and covers the entire duration of the contract, 63.1.2. bonuses for the entire insurance period if the duration of the insurance contract is less than a year 63.1.3. insurance premiums covering the insurance year, which begins in the year when the insurance premiums to pay for once or several times a year for insurance. If the insurance contract is concluded for a number of years of insurance, insurance each year reflects the year of insurance premiums, insurance premiums 63.1.4. received insurance year up to the date of the preparation of the annual report, life insurance with savings, if the insurance contract provides for the payment of a premium graphics free, or non-life insurance, if the insurance contract stipulates that the final amount of the premiums for the insurance at the end of the year;
39.3. long-term insurance contracts without the options contract change or transformation of the life insurance contract, premiums, in accordance with the terms of the insurance contract, the policyholder is obliged to pay the applicable reference year;
63.3. long-term insurance contracts in life insurance options contract changes or modification to the agreement and with a guaranteed yield long-term insurance contracts in life insurance options contract changes or modification to the agreement and with a guaranteed yield and profit participation estimates, as well as investment contracts, life insurance with a guaranteed yield – if such contracts under international financial reporting standards is possible provided to separate the components of the insurance deposit components , and then component of the deposit bonus income are recognised as financial commitments, but insurance premiums income components recognised as premiums written and reflect on this item;
63.4. co-insurance? the insurer's share of total premiums written about under the 63.1.1.-63.1.4.;
63.5. premiums for reinsurance, adopted pursuant to paragraph 63.4 39.2 conditions;
63.6. reduction: 63.6.1. deductions ceding after expiry of the contract, 63.6.2. for reversed and discontinued.
64. The item "OCTA-obligatory deductions ' insurers, who are entitled to engage in land vehicle insurance against civil liability in respect of vehicles, reflects the owner civil liability compulsory insurance the statutory mandatory payments to the extent it is formed after the accounting data, the last date of the reporting year.
65. The item "share in premiums Reinsurer signed" reflects the reinsurance premiums in accordance with the reference year concluded reinsurance contracts concluded as ceding insurer. If, in accordance with the conditions of the contract of reinsurance reinsurance premium is payable in advance (minimum deposit and bonus), reinsurance premiums in proportion to the duration of the reinsurance contract. The amount of such reinsurance premiums shall not be less than the reinsurance treaty reinsurance premiums correct that would have become payable, in the light of the signed insurance premiums. Reinsurance premiums part of the accounting year is not applied to this item reflects balances 18.1.11.2. active item. Reinsurers share in premiums reduced signed on that part of the premium on the expiry of the term of the contract of reinsurance, the reinsurer shall repay the transferor, as well as before the end of the ongoing reinsurance premiums.
66. The item "change in the provision for unearned premiums and technical provisions of the risks" reflects the changes to the balance sheet liability item 18.3.1.1. the accounting year.
67. The item "change in reinsurers ' share in technical provision for unearned premiums reserve" reflects the change in the balance of assets under 18.1.13.1. accounting year.
68. The item "other technical income, net" reflects this with the insurance business income, which is not reflected in other income statement items, such as income from another insurer insurance product distribution, interest income from the share premium payments. Here also produce income from direct insurance and reinsurance operations receivables generated savings.
69. The item "Agreed remuneration, net" reflects: 69.1. paid insurance claims, which include: 69.1.1. accounting year claims paid, 69.1.2. the amount of the paid buy life insurance, 69.1.3. log on claims settlement expenses non-life insurance, which directly relate to the remuneration and is compounded by either insurer (salaries and social contributions for employees, which adjusts consideration requirements), or third parties (payments to lawyers who are experts in external reward management) 69.1.4. the amount of the decrease, on the already recovered damages to cessions or valid scrap sales assistance, as well as recourse to the amount recovered. If the amount of the reduction is essential, decrypts the content of the items;
EB 69.2. part of the reinsurers in insurance claims paid;

69.3. changes for outstanding claims technical provisions, which reflect changes in the balance sheet liability item 18.3.1.3 during the financial year;
69.4. changes in the reinsurer's share for outstanding claims technical provisions, which reflect changes in the balance of assets under 18.1.13.3. accounting year.
70. The item "change in life insurance technical reserve" reflects the changes to the balance sheet liability item 18.3.1.2 during the accounting year.
71. The item "change in reinsurers ' share of life insurance technical reserve" reflects the change in the balance of assets under 18.1.13.2. accounting year.
72. The item "Change in other technical provisions" reflects the changes to the balance sheet liability item 18.3.1.5 and 18.3.1.6. accounting year.
73. The item "bonuses, net" non-life insurance under this heading reflect the reporting year policyholders premiums refunded part of that insurer under the insurance provisions was determined to pay the insurance contract expiration. Life insurance this item reflects the accounting year insurance contracts awarded a bonus of about (in addition to the guaranteed profitability), and also includes a bonus of the amount of the technical reserves and reduced by the previous review years bonus of technical provisions amounts novirzītaj, which is no longer required. In the annex to the premium reimbursed and decrypts the given discount and the amount of the bonus of the change in technical reserves.
74. Under "customer acquisition expenses" reflect the costs associated with insurance contracts including direct costs, such as commissions to intermediaries, insurance document preparation costs, as well as indirect costs, such as advertising expenses. If the insurer assumes risks reinsurance, that this item reflects the reinsurance commissions the transferor.
75. The item "deferred changes in customer acquisition expenses" reflect changes in the balance of assets under 18.1.11.1. accounting year.
76. Under "administrative expenses" reflect the General administrative costs, formed by charging insurance premiums, making insurance contract administration, assignability and reinsurance t.sk. staff remuneration, social security costs, as well as mission expenses, payments to Auditors, consultants, the Commission, the insured protection fund and the Association of insurers. If the amount of the expenditure is significant, in the annex provides a breakdown of the items.
77. The item "reinsurance commissions and participation in profits" reflects the reinsurance commissions due from reinsurers. Here also reflect the insurer due to the Commission on the participation of reinsurer's profit. Here represents the item reflected in 18.3.7 earned reinsurance commissions the changes during the year.
78. The item "other technical expenses, net" reflects the activities of the insurance costs that are not reflected in other income statement items, such as interest payments on reinsurers reinsurers deposit and pay for co-insurance contract management. Here shall also review the annual expenses receivables from direct insurance and reinsurance operations savings.
79. The item "change in the equalisation provision" reflect changes in the balance sheet under the item capital and reserves "the Equalization reserve during the financial year. Those insurers who have received license to credit insurance, in accordance with the Commission's approved "credit insurance provision" to the requirements of paragraph 5 of the annex, decrypts the deductions taken equalization technical provisions, as well as equalization of this type of insurance technical reserves before the deduction amount.
80. The item "investment management expenses/income and commissions payable" reflects wages, social security payments to the insurer, which deals with investment management, as well as commissions and other similar income (expenses) for the given (received) the investment management service, in accordance with the terms of the contract.
81. The item "Net interest income and dividend income" reflects the interest income (expenses) and similar income (expense) from investments in financial assets, amortized acquisition value of vērtētaj investment contracts financial liabilities, as well as dividend income from investments in affiliated and associated companies share capital.
82. The item "Net unrealized gains/losses from financial assets and financial liabilities that are not measured at fair value through profit or loss" reflects: 82.1. profit from financial assets available for sale and held-to-maturity investment sales or other forms of removal from the balance sheet, as well as amortized value of acquisition of a prized investment contracts financial liabilities and other financial obligations. This item reflects the previous reporting periods balance sheet item ' revaluation reserve ' reported profits from available-for-sale financial assets fair value, if available-for-sale financial assets are excluded from the balance sheet;
82.2. losses from available-for-sale financial assets and held-to-maturity investment sales or other forms of removal from the balance sheet, as well as amortized value of acquisition of a prized investment contracts financial liabilities and other financial obligations. This item reflects the previous reporting periods balance sheet item ' revaluation reserve ' presented loss of available-for-sale financial assets fair value, if available-for-sale financial assets are excluded from the balance.
83. The item "net profit/loss from held for trading financial assets and financial liabilities" represents the revaluation gains/losses incurred and realized gains/losses on financial instruments listed.

84. The item "net profit/loss from classified as fair value measured financial assets and financial liabilities with the presentation of profit and loss statement" reflects the change in the fair value of financial assets, investment contracts, if investment risk borne by the policyholder and other investment contracts financial liabilities that are classified as fair value estimated by the presentation of profit and loss statement. This item reflects the realized gains/losses on financial instruments listed.
85. The item "foreign exchange revaluation result" reflects transactions in foreign currencies and foreign currency-denominated assets and liabilities revaluation gains/losses.
86. The item "intangible asset, investment in buildings of the same activity, investment property and intangible assets of derecognition gains/losses" reflect the profit/loss of tangible assets, investment in buildings of the same activity, investment property and intangible assets of derecognition, i.e. disposal of assets or where the use or transfer of assets is not expected in the future economic benefits.
87. The item "depreciation" reflecting tangible assets, investment in buildings of the same activity, investment property and intangible asset amortisation, excluding goodwill, which is not depreciated.
88. The item "impairment losses" reflect amortized acquisition value assessed in the held-to-maturity investments and other financial assets, which are valued at fair value through profit or loss, the impairment losses and reinsurance contract in the value of the loss. This item shall also, tangible assets land and buildings of the same activity, investment property, goodwill and intangible assets impairment.
89. The item "negative goodwill" reflect negative goodwill, which in accordance with 3. International financial reporting standard set in immediately recognised in the income statement.
90. The item "corporate income tax" reflect the estimated corporate income tax for the year under review, as well as the changes in the deferred corporate income tax. In the annex indicates the estimated corporate income tax and the change in the deferred corporate income tax.
91. The item "profit/loss" reflects profit before its distribution in accordance with the shareholders ' meeting or mutual cooperative society members ' general meeting (the meeting authorised) decision or a loss.
92. The item "profit/loss per share" the insurer whose shares are publicly traded, lists both the basic and the adjusted profit/loss per ordinary shares in accordance with the international accounting standard 33. requirements.
VIII. Cash-flow statements 93. Cash flow statement item layout sample 93.1. Cash flows from operating 93.1.1. received insurance premiums direct 93.1.2. insurance indemnity paid direct 93.1.3. Cash received for the co-insurance for 93.1.4. (paid) for 93.1.5 of co-insurance. Cash received on the reinsurance 93.1.6. (paid) for the reinsurance 93.1.7. Cash received for the accepted reinsurance 93.1.8. (paid) for accepted reinsurance 93.1.9. (paid) income tax 93.1.10. obligatory (payment) 93.1.11. other (paid) money 93.1.12. The rest of the cash received 93.2. cash flow from investment activities 93.2.1. investment (purchase) of investments 93.2.2.93.2.3.93.2.4. Return on investment dividends received 93.3. cash flow from financing activities 93.3.1. Income from the stock/shares of EMI beams 93.3.2. Income from the underlying commitment. Subordinated liabilities attaching 93.3.3 (repayment) 93.3.4. own shares/shares (repurchase) 93.3.5. own shares/shares sale 93.3.6. (paid) dividend income from 93.3.7. other sources of funding. 93.4 Net of cash and cash equivalents increase/decrease 93.5. The exchange rate changes impact on cash and its equivalents (+/–) 93.6. Cash and cash equivalents at the beginning of the accounting year 93.7. Cash and cash equivalents at the end of the reporting year IX. Explanation of individual cash flow statement items 94. Cash flow statement reflects only actually received during the reference year and the amounts paid by dividing them as cash flows from insurance activities, investment activities and financing activities.
95. The cash flow statement does not reflect the movement of funds from one cash and cash equivalent items.
96. the cash equivalents are to be considered as highly liquid short-term investments, which in a short period of time can be converted to cash and the chance that their value will change is minimal. Usually, the investment is considered cash equivalents only if, from the date of purchase until the deletion (repurchase) residual maturity is short, such as three months or less.
97. Exchange rate fluctuation effects on money and its equivalents do not reflect cash flows from insurance activities, investment activities and financing activities. It reflects the 93.5. item.
98. The item "received bonuses to direct" reflects the received insurance premiums on insurance contracts, which is reduced by the portion of the premium paid.
99. The item "paid out of claims direct" reflects the paid insurance indemnity, reimbursement settlement paid the expenses and amounts paid for surrender. This item shall be reduced by the amount of the damages recovered by the assignment or the valid sales limits, as well as on the recourse result of sums recovered.
100. The item "cash received for the co-insurance" reflects the co-insurance premiums received, insurance claims, if the insurer is a leading insurer, and other funds received under a co-insurance contract.
101. The item "(paid) for co-insurance" reflects the leading insurer in co-insurance premiums paid by other co-insurance contract players and other co-insurance payments under the contract.

102. The item "cash received regarding reinsurance," reflects the funds that are received by the insurer through reinsurance, t.sk. insurance claims and Commission.
103. The item "(paid) for the reinsurance," reflects the amounts paid, the insurer shall take the reinsurance t.sk. bonus payments.
104. The item "cash received for the accepted reinsurance" reflects the funds that are received by the insurer assuming the other insurer reinsurance risks, t.sk. received bonus payments.
105. The item "(paid) for accepted reinsurance" reflects the funds that have been paid, the insurer assuming reinsurance risks of other insurers, t.sk. insurance claims and Commission.
106. Under "compulsory (payment)" reflect the ground vehicle owners civil liability compulsory insurance statutory minimum payments, payments and payments of the Commission, the insured protection fund. In the annex to each payment method decrypts.
107. the items "Other (paid)" and "the rest of the cash received" reflects cash received and paid, related to the main activity of the insurer, but does not reflect the 93.1.1.-. 93.1.10.
108. The item "(purchase) of investments" reflects the purchase of used investment funds by type of investment.
109. The item "investments" reflects cash received from sales of investments by types of investments.
110. The item "return on investment" reflects the received income interest payments, rent, and other types of income from the investments concerned.
111. The item "(paid) dividend" reflects the dividends paid to shareholders, i.e. dividends paid under the previous accounting year.
X. changes to capital and reserves review 112. changes in capital and reserves presented in the report: 112.1. insurer's profit/loss;
112.2. gains/losses that are directly included in the balance sheet item ' revaluation reserve ', and their total;
112.3. increase or decrease the estimated balance sheet under "the Equalization reserve and the amount at the end of the year;
estimates of profit participation 112.4. about changes in insurance contracts in accordance with the accounting policy, they are listed in a separate item capital and reserves;
112.5. accounting policy cumulative effect of changes and bug fixes;
112.6. transactions with shareholders, related to the issue of shares and Treasury shares, repurchase and sale, as well as the cost of dividends, but mutual cooperative society – share capital increases or reductions, as well as the disposal of shares, dividends;
112.7. previous years retained earnings/loss for the reporting year beginning and end and this indicator change in the year under review;
112.8. each share capital paid in kind of the shares constituting the carrying amount, share premium, reserves and other reserves the equity statement at the beginning and end of the year, explaining each change in the annex, but mutual co-operative society-mutual cooperative associations of each of the constituent shares of the nominal value of the issued share capital, reserves and other reserves the equity statement at the beginning and end of the year, explaining each change in the annex.
113. changes in capital and reserves of the sample report that contains the information to be included in the report, provided in annex 2.
XI. Valuation rules 114. the financial statements shall be drawn up in accordance with the following general principles: 114.1. going concern principle, assuming that the insurer will operate in the future and management has no intention or need to terminate the activities of the insurer or significantly reduce the amount of the transaction;
114.2. accrual basis to reflect the income and expenses relating to the financial year, irrespective of their receipt or payment date;
114.3. the consistency principle, consistently using the same accounting and valuation methods of the period;
the principle of materiality, 114.4. reflecting all the items that are significant enough to affect the assessment of the annual report or annual report users further decision-making;
114.5. exposure of the form content, reflecting the transactions and events in accordance with their economic content and nature, not just their legal form;
114.6. precautionary principle during the evaluation in all cases with due care, subject to the following conditions: 114.6.1. include only a reference year of profit, that is, the income/expenses are presented, taking into account the conditions that existed at the balance sheet date, 114.6.2. takes into account any liabilities relating to the financial year and the previous financial year;
114.7. each report the beginning of the year the balance in accordance with the previous year's closing balance. The beginning of the year the balance sheet may differ from the general meeting of the cooperative or mutual society members ' general meeting approved of the balance sheet for the preceding year, if in accordance with international financial reporting standards are specified adjustments of previous accounting periods;
114.8. asset, liability and capital and reserves items and their ingredients is assessed individually.
115.114. Between these provisions with the principles referred to in points of conflict, when assessing a transaction or event and making records, with priority given to the precautionary principle and the principle of materiality.
116. The insurer may derogate from this rule in paragraph 114 above, the principles only for well-founded reasons, explained in the annex to each such resignation effect on financial position and results of operation.
117. the assets and liabilities show a value which should not be reduced by deducting from the value of the assets less the value of the obligations or liabilities of the values of the asset value, except where required or permitted by the international financial reporting standards.
118. the profit or loss in the statement of income and expenses may not be mutually set off except when required or permitted by the international financial reporting standards.
119. the assets in the financial statements if they have created provisions for unsecured debts, show, minus the value of these stocks.

120. The balance sheet assets and liabilities in foreign currency appreciates the Latvian currency after the Bank of Latvia exchange rate on the last day of the year. With foreign exchange rate changes in assets and liabilities linked to the changes in the value of the monetary unit of the Republic of Latvia reflects the income statement or the balance sheet item "revaluation reserves" in accordance with international accounting standard 21.
121. If, between the end of the financial year and the date on which the annual accounts have been approved for issue in the events that provide evidence of conditions that existed at the balance sheet date, the following events take account of relevant items of the financial statements.
122. If, between the end of the year and the date on which the annual accounts have been approved for issue in the events that refer to conditions that arose after the balance sheet date, and they are so significant that, without providing information about those accounts would be affected users ' ability to evaluate these reports and make decisions, the annex provides information on the nature of each such event and estimate the financial consequences or notification that such an estimate cannot be made.
123. the accounting policy, the insurer shall indicate each type of financial instrument valuation method and apply it consistently. Financial instruments are classified as follows: 123.1. fair value estimated financial assets or financial liabilities with the presentation of the income statement: 123.1.1. held for trading financial assets or financial liabilities are classified as 123.1.2. fair value measured financial assets or financial liabilities with the presentation of profit and loss statement;
123.2. available-for-sale financial assets;
123.3. loans and receivables;
123.4. held-to-maturity investments.
124. All items of the financial statements, except for the technical provisions and equalisation reserves, the assessment shall be carried out on the basis of international financial reporting standards requirements, insofar as this does not conflict with the provisions of paragraph 3.
125. one of the technical provisions and equalisation reserves calculation methods, the constant is also used in subsequent years, unless the circumstances do not justify the methods. In the Annex explains the method of calculation, and if it is changed, the reasons for the change, as well as calculation methods affect assets and liabilities profit or loss.
126. the accounting policy, the insurer shall indicate agreement that is in the legal sense, classification of insurance contracts accounting needs principles, showing how is classified each insurer's existing portfolio of insurance contracts, and specifying the circumstances in which the insurance contract can be reclassified.
XII. content of the annex the following is inserted in annex 127., as well as other points of these regulations on the content of the attachment specified and international financial reporting standards required information: 127.1. preparation of the financial statements the accounting policies applied in the clarification, including: 127.1.1. criteria and assumptions applied to the BSI for recognition in the balance sheet or off of it, explaining the items separately, resulting from insurance contracts, 127.1.2. and annex the balance sheet items valuation principle , a burdens of assets and liabilities, income and expense 127.1.3. accumulation and recognition policies, some explaining items arising from insurance contracts, 127.1.4. the criteria for the classification of financial instruments occurs 123. the categories referred to as well as the criteria and limits the reclassification, 127.1.5. methods and significant assumptions used in the fair value of financial assets, 127.1.6. error related to the previous reporting years , fix, 127.1.7. change in accounting policy the principles of reflection, 127.1.8. items denominated in a foreign currency, the conversion of the Bank of Latvia used to determine foreign exchange rates, asset 127.1.9 who have provisioned the acquisition value, savings and book value and at the beginning of the accounting year, and in the end, 127.1.10. insurance contract conditions which have a significant impact on the future cash flow amounts, time periods and uncertainty 127.1.11. insurance used to hedge risk management policy information on insurance, risk concentration and information on the interest and credit risk arising from reinsurance contracts;
127.2. related and associated corporations name and legal address, indicating the proportion of the share capital in the preceding financial year and the profit or loss;
127.3. the number of employees at the end of the year by the employees and the insurer, the insurer's agents, as well as by insurer bodies (the seat of the insurer, branches, representations and agencies);
127.4. accounting year the Board and Council members awarded pay and credit, as well as any type of guarantees issued;
127.5 per share. the message of the shareholders or members of the society of mutual cooperative participation in the share capital of the relevant status at the end of the year, the share or shares of the nominal value and the number of votes;
127.6. details of the registered and paid share capital, indicating the type and nominal value of shares;
127.7. Chairman of the Council, Chairman of the Board, the Executive Body (mutual insurance cooperative society), as well as Board members, Board members, and a list of members of the executive body with this official name and title. This information is also provided for those individuals who, in the year left these positions.
128. the Annex provides information on the balance sheet of financial assets and financial liabilities that apply to affiliated and associated companies.
129. the Annex provides information on the balance sheet item "creditors" roles and include some of the obligations that the initial repayment term is five or more years. Where commitments have been asked for any kind of collateral in the annex provides information on the type and amount of the security.

130. in the annex reflects the insurer guarantees provided to URu.tml. contingent liabilities, which are not related to insurance contracts. This kind of commitment to the twin firms disclosed separately. Contingent liabilities are potential liabilities: 130.1. incurred as a result of past events and whose existence is dependent on a future event, which are not wholly within the control of the insurer;
130.2. the current liabilities incurred as a result of past events, but which are not recognised in the balance sheet because the extent of this obligation cannot be measured reliably or not expected to require funds to such obligations.
131. in the annex indicates: 131.1. the following income statement figures for non-life insurance, broken down between direct insurance and reinsurance accepted (if accepted reinsurance accounts for 10 percent or more of gross premiums written premiums): 131.1.1. gross premiums written, 131.1.2. gross earned premiums, gross remuneration paid in 131.1.3., 131.1.4. gross administrative expenses;
131.2. the following income statement figures for life insurance, broken down between direct insurance and reinsurance accepted (if accepted reinsurance accounts for 10 percent or more of gross premiums written premiums): 131.2.1. individual contract bonuses and the group contract bonuses: 131.2.1.1. individual contract bonuses, 131.2.1.2. group contract bonuses, 131.2.2. one-time and recurring premiums: 131.2.2.1. single premiums, 131.2.2.2., 131.2.3. recurring premiums premiums for contracts with participation in profit estimates premiums on contracts, without the participation of profit estimates, and bonuses for unit-linked contracts: 131.2.3.1. bonuses for contracts with participation in profit estimates, 131.2.3.2. bonuses for contracts without the presence of profit estimates, 131.2.3.3. the market premium for the associated agreements;
131.3. profit or loss calculation result in reinsurance.
132. in the annex to profit or loss in the non-life insurance distribution between direct insurance and reinsurance accepted, taking into account the conditions of paragraph 131.1 reflects the following distribution: 132.1. accident insurance at capacity;
132.2. health insurance;
132.3. ground transport (except rail) insurance;
132.4. rail transport insurance;
132.5. aircraft insurance;
132.6. ship insurance;
132.7. cargo insurance;
132.8. property insurance against fire and damage by natural disasters;
132.9. property insurance against other losses;
132.10. land vehicles liability insurance;
132.11. land transport owners civil liability compulsory insurance;
132.12. aircraft liability insurance;
132.13. shipowners ' civil liability insurance;
132.14. General liability insurance;
132.15. credit insurance;
132.16. guarantee insurance;
132.17. various financial loss insurance;
132.18. legal expenses insurance;
132.19. assistance insurance.
133. This provision under section 132 shall not be performed if the distribution direct gross premiums underwritten in the form of about 10 million euros equivalent expressed in monetary units of the Republic of Latvia by the Latvian Bank exchange rate. But each of the non-life insurance company after three of the proportion reflects the major insurance types of profit or loss figures, which reflect the activities of insurance distribution.
134. the Annex provides information on the amount of the Commission to direct, by the Commission, t.sk. for customer acquisition, contract renewals, contract management and the collection of insurance premiums.
135. in the annex indicates the acquisition, disposal, revaluations and other changes in the reporting year, as well as the revaluation reserve increase (decrease) in the reporting year, which is linked to the following changes in the value of assets: 135.1. investment land and buildings, which are used for the operation of the insurer;
135.2. related and associated investments in share capital of the company.
136. If the gross premiums written (on the basis of the insured risk, geographic location) for the direct insurance contract concluded for more than 5 percent, in its annex, in the following countries: 136.1. Latvia;
136.2. European economic area;
136.3. other countries.
137. Where investments are reflected in the annual report of the acquisition value, the fair value of these investments listed in an annex. If the contributions are reflected in the annual report the fair value of this investment the acquisition value is indicated in the annex.
138. Insurance obligations included in the compliance test, assessing whether accounting year recognised insurance liabilities for existing insurance contracts is sufficient in the light of future cash flows. If the assessment shows that the carrying amount of insurance liabilities is inadequate in the light of the assessment of future cash flows, missing margins are recognised in the income statement.
139. the annex shall clearly indicate the fact that the financial statements prepared in accordance with international financial reporting standards approved by the European Commission, as well as disclose information when significant differences between this prepared financial statements and financial statements, which are fully prepared in accordance with the international accounting standards Board issued international accounting standards, financial reporting standards and international financial reporting interpretations Committee's interpretations of standards. Significant difference, a description of each of these differences and differences in the financial estimate.
XIII. Additional requirements for the preparation of the consolidated annual report and submission procedures

140. The consolidated cash flow statement and the consolidated capital and reserves changes shall be prepared in accordance with the provisions of Chapter VIII and X. The consolidated balance sheet and consolidated profit and loss statement can be made on the basis of this provision, paragraph 18 and 62 of the specimens. The minority shareholders ' interests reflect the composition of the capital and reserves separately from the parent company's capital and reserves. The insurer may hide certain items if they are not essential or not reporting makes consolidated balance sheets and consolidated income statement items are transparent, as well as to create those accounts on other items of the layout, but in any case the roles information recording must comply with international financial reporting standards.
141. On the basis of the Commission's rules, regulations, the insurer shall, in preparing the consolidated financial statements, develop and approve the preparation of consolidated financial statements, as well as establishing internal control system that ensures the timely receipt of information fair for group companies.
142. In preparing the consolidated financial statements comply with the methods of consolidation used the principles of coherence, and use them consistently from year to year. Depart from this principle may only in exceptional cases. Any such cases, as well as the reason for the change in the consolidation method and the change's impact on the consolidated financial statements items explains the consolidated annual accounts.
143. If the subsidiary is not included in the consolidation of the international accounting standard 27. in the cases provided for in the annex, then explain the rationale for inclusion of this company, as well as describes the impact of the exclusion group's financial position, performance and cash flow. On the consolidation of the companies involved in the annex specifies the following information: 143.1. gross premiums written;
143.2. profit or loss;
143.3. capital and reserves;
143.4. average number of employees.
Content of the annex XIV annex following 144, as well as other points of these regulations on the content of the attachment specified and international financial reporting standards: the requested infor lag 144.1. items of consolidated financial statements and the evaluation of the revaluation method;
144.2. Group company names and their registration addresses each of the subsidiaries, as well as the activities of each of the share capital of the subsidiary, which acquired group companies and by persons acting in their own names but on behalf of the company or the Group;
144.3. Description of the method applied to each subsidiary's financial statements for inclusion in the index consolidated financial statements;
associated company of 144.4. names and address of registration, as well as the number of shares in the share capital, which belongs to the companies involved in the consolidation or by persons acting in their own names but on behalf of the company or the Group;
jointly managed company 144.5. names and address of registration, the share capital of the company that owns the companies involved in the consolidation or by persons acting in their own names but on behalf of the company or the Group;
144.6. any consolidated balance sheet does not reflect the total amount of the obligations, if such information is important in the assessment of the financial situation of the Group;
144.7. positive or negative goodwill allocation to particular companies, as well as the amount of goodwill at the beginning of the year, its depreciation and residual value at the end of the accounting year;
144.8. parent company shares or parts, which is the parent company of the same property or owned by its subsidiary company or by persons acting in their own names but on behalf of the company or of the group, indicating the number and the nominal value of the shares;
144.9. information about the consolidation of the companies involved in the different types of action if one exists.
XV. Closing questions rules apply, 145. an insurer when preparing the annual accounts and consolidated accounts, starting with the 2006.
146. advise the insurers apply the rules, the preparation of the 2005 annual report and the consolidated annual report.
147. With the entry into force of these regulations shall lapse at the Council by the Commission on 27 December 2002 decision No 357 approved "insurance company, mutual insurance cooperative society and member of the insurer not affiliate annual report and the consolidated annual report".
Financial and capital market Commission, the President of the U.S. When the annex 1 financial and capital market Commission Regulation No 21 13.01.2006. Rules terminology 1. Book value (carrying amount) – 36. international accounting standards within the meaning of paragraph 6.
2. Fair value (fair value)-32. international accounting standards within the meaning of paragraph 11.
3. the acquisition value At (amortised cost) – 39. international accounting standards within the meaning of paragraph 9.
4. Financial instruments (financial instrument)-32. the international accounting standard within the meaning of paragraph 11.
5. Financial assets (financial asset)-32. the international accounting standard within the meaning of paragraph 11.
6. financial commitments (financial liability)-32. the international accounting standard within the meaning of paragraph 11.
7. Equity instruments (equity instrument)-32. the international accounting standard within the meaning of paragraph 11.
8. the estimated fair value of the financial assets or financial liabilities with the presentation of profit and loss statement (financial asset or financial liability at fair value through profit or loss) – 39. international accounting standards within the meaning of paragraph 9. These include: 8.1. qualifying for trading financial assets or financial liabilities (financial assets or financial liability held for trading);
8.2. upon initial recognition classified as fair value estimate with the presentation of profit and loss statement (hereinafter classified as fair value estimated by the presentation of profit and loss statement).
9. Held-to-maturity investments (held-to-maturity investment) – 39. international accounting standards within the meaning of paragraph 9.
10. loans and receivables (loans and receivable) – 39. international accounting standards within the meaning of paragraph 9.
11. financial assets available for sale (available-for-sale financial assets) – 39. international accounting standards within the meaning of paragraph 9.

12. Derivative financial instruments (the counterparties) – 39. international accounting standards within the meaning of paragraph 9.
13. Impairment loss (the loss of the impairmen)-16. international accounting standards within the meaning of paragraph 6.
14. the actual rate of interest (effective interest rate) – 39. international accounting standards within the meaning of paragraph 9.
15. Hedging (hedging) – 39. International accounting standard within the meaning of paragraph 71.
16. The insurance contract (insurance contract) – 4. international financial reporting standard (A) the meaning of the annex.
17. investment contract-contract juridical sense, is the insurance contract on the basis of the 4th international financial reporting standards in the criteria, does not meet the definition of an insurance contract.
18. insurance risk (insurance risks): 4. international financial reporting standard (A) the meaning of the annex.
19. financial risk (financial risk) – 4. international financial reporting standard (A) the meaning of the annex.
20. Estimates of profit participation (discretionary participation feature) – 4. international financial reporting standard (A) the meaning of the annex.
21. the Guaranteed benefits (guaranteed benefits) – 4. international financial reporting standard (A) the meaning of the annex.
22. the subsidiary company (subsidiary entity)-28. international accounting standards within the meaning of paragraph 2.
23. An associate society (associate entity)-28. international accounting standards within the meaning of paragraph 2.
24. the goodwill (goodwill)-28. the international accounting standard within the meaning of paragraph 23.
25. Investment property (investment property)-40. international accounting standards within the meaning of paragraph 5.
Annex 2 financial and capital market Commission Regulation No 21 13.01.2006. Capital and reserve changes the name of the heading subscribed share capital share premium own shares/shares of reserve capital reserve revaluation reserve for equalization reserve estimates for participation in profits accumulated profit/loss total A balance the previous 01 02 03 04 05 06 07 08 09 reporting year changes in accounting policies balance Recalculated share issue/Delete own shares buy/sale revaluation reserve increase/decrease in equalization reserves increase/decrease in reserves estimates the increase in profit/membership reduction of a previous year profit/loss dividends balance at the beginning of the year issue of shares/Delete own shares buy/sale revaluation reserve increase/decrease in equalization reserves increase/decrease in reserves estimates for participation in increase/decrease profit in the previous financial year's profit/loss dividends balance at the end of the reporting year