Financial and capital market Commission, the provisions of regulations No 201 in Riga on 29 November 2016 (financial and capital market Commission Council meeting No. 42 7. p.)
Insurance and reinsurance undertakings and insurance Affiliate Member annual report and the consolidated annual report of the legislative provisions Issued in accordance with the insurance and reinsurance law in article 86 the second and third part i. General questions 1. "insurance and reinsurance company and a member of the insurer not affiliate annual report and the consolidated annual report of the legislative provisions" (hereinafter-the rules) are binding on the insurance and reinsurance companies and insurers of member affiliates acting in accordance with the insurance and reinsurance law, (all together – the insurer), preparing the annual accounts, consolidated accounts and the accounts of the sort. 2. the terms used in the rules: 2.1 the book value (carrying amount) – 36. international accounting standards within the meaning of paragraph 6; 2.2. fair value (fair value)-13. international financial reporting standard terms Annex A; 2.3. the depreciated value of acquisition (amortised cost) – 39. international accounting standards within the meaning of paragraph 9; 2.4. financial instruments (financial instrument)-32. international accounting standards within the meaning of paragraph 11; 2.5. financial assets (financial asset)-32. international accounting standards within the meaning of paragraph 11; 2.6. financial commitments (financial liability)-32. international accounting standards within the meaning of paragraph 11; 2.7. equity instruments (equity instrument)-32. international accounting standards within the meaning of paragraph 11; 2.8. the estimated fair value of the financial asset or financial liability 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, which includes: 2.8.1. held for trading financial assets or financial liabilities (financial assets or financial liability held for trading) 2.8.2. upon initial recognition classified as fair value financial assets evaluated with the presentation of profit and loss statement (hereinafter classified as fair value financial assets with estimated presentation of the income statement); 2.9. held-to-maturity investments (held-to-maturity investment) – 39. international accounting standards within the meaning of paragraph 9; 2.10. loans and receivables (loans and receivable) – 39. international accounting standards within the meaning of paragraph 9; 2.11. available-for-sale financial assets (available-for-sale financial assets) – 39. international accounting standards within the meaning of paragraph 9; 2.12. derivative financial instrument (the counterparties) – 39. international accounting standards within the meaning of paragraph 9; 2.13 impairment loss (the loss of the impairmen)-16. international accounting standards within the meaning of paragraph 6; 2.14. the actual rate of interest (effective interest rate) – 39. international accounting standards within the meaning of paragraph 9; 2.15. hedging (hedging) – 39. International accounting standard, paragraph 71; 2.16. the insurance contract (insurance contract) – 4. international financial reporting standard terms Annex A; 2.17. the 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; 2.18. the insurance risk (insurance risks): 4. international financial reporting standard terms Annex A; 2.19. the financial risk (financial risk) – 4. international financial reporting standard terms Annex A; 2.20. participation in profit estimates (discretionary participation feature) – 4. international financial reporting standard terms Annex A; 2.21. the guaranteed benefits (guaranteed benefits) – 4. international financial reporting standard terms Annex A; 2.22. subsidiaries (subsidiary) – 10. international financial reporting standard terms Annex A; 2.23. the associate society (associate)-28. international accounting standards (3); 2.24. goodwill (goodwill)-3. international financial reporting standard terms Annex A; 2.25. investment property (investment property)-40. international accounting standards within the meaning of paragraph 5. 3. The insurer shall each year draw up the annual accounts and consolidated accounts. Annual report (consolidated financial statements) as a single package consisting of: 3.1. financial statements (consolidated financial statements); 3.2. the insurer's management (joint stock company – Council and Board, mutual insurance cooperatives in society – executive body) the message (the parent company of the group management report) and financial statement (statement of the consolidated non-financial), if it is obliged to prepare in accordance with the provisions referred to in chapter III; 3.3. communication on the management of the insurer (the parent company of the group management) responsibility. 4. financial statements (consolidated financial statements) give 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 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's internet site 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 end date of the reporting period 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 available from the internet site www.efrag.org. With insurance-related financial transaction report (consolidated financial statements) for the assessment of items, which is not defined in international financial reporting standards, the requirements of this regulation. 5. financial statements (consolidated financial statements) include: 5.1. report on the financial situation of the end date for the report period (hereinafter referred to as the balance or consolidated balance sheet); 5.2. the reporting period was the comprehensive income statement or statement of comprehensive income in the period the consolidated report of all of the reporting period, income and expenses are presented in a separate comprehensive income statement, or in two reports that show a separate calculation of the profit or loss and the individual components of the comprehensive income statement (calculation, which also includes the rest of the profit or loss not recognised income components); 5.3. the reporting period cash flow statement (below-or the cash flow statement the consolidated cash flow statement); 5.4. the reporting period was the change of the capital and reserves accounts (hereinafter – capital and reserves or consolidated statement of changes in equity and statement of changes in reserve); 5.5. the annex; 5.6. report on the financial situation of an earlier comparative reporting period start date, if the insurer accounting policy is applied retrospectively or makes a retrospective of financial statement items, or reclassified financial statements; 5.7. the comparative information for the previous accounting period. 6. 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. 7. the annex shall be inserted in the explanatory notes 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. 8. the balance sheet, income statement, cash flow statement and changes in capital and reserves report items layout specified in these rules 1, 2, 3, and 4 in the annex. 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. 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 insurance cooperatives in society – the head of the executive body.
II. Reports control 10 of the insurer (the parent company of the group management) report: 10.1 indicate the insurer's name, registered office and registration number, license number, and date of issue; 10.2. indicates the Board and President of the Council or of the Executive Body (mutual insurance cooperative society), as well as the members of the Management Board, the members of the Council or of the members of the Executive Body, name, surname, position. This information is also provided for those individuals who report a year left these positions. 10.3. the insurer shall provide a clear (Group) development, performance and position it in the market overview, as well as include the essential inherent risks and uncertainties. Overview prepared as the insurer (Group) development, performance and position it in the market balanced and comprehensive analysis, taking into account the scale and complexity of its operations; 10.4. as necessary to understand the development of the insurer (Group), its financial position or results of operations, this provision 10.3. the analysis referred to in paragraph 1 shall include the following: 10.4.1, 10.4.2. the financial indicators of the main insurers concerned (Group) and raksturojošo its activities in the non-financial indicators, as well as information on the environment and employment issues, or other information, if applicable, 10.4.3. where necessary, references to the financial statements (consolidated financial statements) the value and additional explanations; 10.5. provide information on the further development of the forecast, t.sk. plans for extraordinary dividends, if any; 10.6. the year under review the measures taken in the field of research and development; 10.7. the insurer (the parent company of the Group) own shares shall bear the following information: 10.7.1. acquisition of own shares the reasons for the reference year the reference year repurchased 10.7.2. or the number of shares sold and the amount of the nominal value, and the same percentage of shares of share capital, it signed the repurchase or sale, acquired and held the 10.7.3. own shares and their par value, as well as about the same proportion of shares subscribed share capital at the end of the accounting year; 10.8. indication of the news of the branches and representations (their number, by country); 10.9. providing information on financial instruments, if essential to the insurer (the Group's) assets, liabilities, financial position and profit or loss of the evaluation, including: 10.9.1. financial risk management objectives and policies, t.sk. policy on each of the important expected future transaction that applies hedge accounting, 10.9.2. exposure to market risk, credit risk and liquidity (cash flow); 10.10. specify information about any important events from the end of the reference year to the annual report (consolidated annual accounts) and the date of approval, which is important in financial position and performance of the understanding; 10.11. gives proposals on the distribution of profits, dividends, the size, also taking into account the period calculated and paid extraordinary dividends, or damages. 11. the notification, stating the insurer (the parent company of the group management) responsibility: 11.1. 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; 11.2. 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; 11.3. do financial statements (consolidated financial statements) prepared in accordance with the consistent use of international financial reporting standards; 11.4. or insurer (the parent company of the group management) decisions and assumptions about financial statements (consolidated financial statements) has been preparing carefully and wisely. 12. 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.
III. Non-financial statement (consolidated financial statement not) 13. Insurer it management (the parent company of the group management) not included in the financial statement report (consolidated financial statements not) if it two years in a row (both the current and the previous one) meet the following criteria: 13.1. average number of employees exceeding 500; 13.2. the total assets on the balance sheet date exceeds the (Consolidation), 20 million or net annual turnover exceeds (Consolidation) 40 million. The net turnover shall recognize the gross insurance premiums subscribed. 14. The insurer (Group) that matches that rule 13. criteria referred to in paragraph 1, can make choices not to include the management of the insurer (the parent company of the group management) report non-financial statement (statement of the consolidated non-financial), but not prepare separate financial statement shall provide information under this chapter, and to publish it together with the management of the insurer (the parent company of the group management) report as annual report (consolidated annual accounts). 15. If the insurer (Group), which corresponds to the provisions referred to in paragraph 13 of the criteria, not the financial statement (statement of the consolidated non-financial) have included the management of the insurer (the parent company of the group management) or prepared the report as paragraph 14 of these rules in the individual financial statement, it will not be exempt from the rule referred to in paragraph 10.4. non-financial indicators and analysis management (team of the parent control) message. 16. The insurer, which is a subsidiary of the company, has been released from the obligation to prepare a financial statement, if not at the information (both on the insurer and its subsidiaries) is included in the insurer's parent company consolidated management report or in a separate document, which includes the parent company's consolidated annual report, drawn up in the light of this chapter. The insurer, which is the parent company and other companies at the subsidiary, be exempt from the obligation to prepare consolidated financial statements, not if the information (both for the parent company and its subsidiary companies) is included in the insurer's parent company consolidated management report or in a separate document, which is part of the insurer's parent company consolidated annual report, drawn up in the light of this chapter. 17. As necessary, for the understanding of the insurer (Group) development, operating results, financial position and the impact of its operations, not financial statement (not in the consolidated financial statements) the information shall be provided at least on environmental, social and employment-related issues, as well as respect for human rights and anti-corruption and bribery prevention measures (hereinafter referred to as corporate social responsibility), URt.sk.: 17.1. business of the insurer (Group) a brief description of the model, which includes general information about the insurer's (Group) the main types of economic activities and the geographical markets , partners, customers, and the most important resources, use expense and income streams and other information that describes its activities; 17.2. a description of the policies implemented by the insurer (Group) in relation to corporate social responsibility, t.sk. description of what due diligence (due diligence) procedures are in place; 17.3. Description of the rules referred to in paragraph 17.2. policy implementation results; 17.4. the details of the main corporate social responsibility-related risks, which are inherent in the business of the insurer (Group), URt.sk., once it is relevant and proportionate information on the risks arising from the activities of the legal transactions concluded or services rendered and may lead to negative consequences for corporate social responsibility, and of how such risks are managed; 17.5. the main insurer concerned (Group) and raksturojošo the industry operations in the non-financial indicators. 18. the financial statement (not in the consolidated financial statements) also include references to the financial statements (consolidated financial statements) the reported amounts and additional explanations for them, if financial statements (consolidated financial statements) the amounts indicated relate to one of the corporate social responsibility. 19. to provide information on corporate social areas of responsibility, the insurer (Group) can use the Republic of Latvia or in the documents issued by the European Union include guidelines or recommendations (such as environmental protection, regulations governing the voluntary participation of the European Community eco-management and audit scheme of the European Parliament and of the Council of 25 November 2009. Regulation (EC) No 1221/2009 allowing voluntary participation by organisations in a Community eco-management and audit scheme) or other documents issued by international organisations (for example The United Nations global agreement, the Organization for economic cooperation and development guidelines for multinational enterprises of the Organisation for economic cooperation and development guide for anti-corruption standards, international organization for Standardization, ISO standard no. 2600, the International Labour Organization tripartite declaration of principles concerning multinational enterprises and social policy, the global reporting initiative) guidelines or recommendations (hereinafter LR, the EU or other international organization included in the documents issued by the guidelines or recommendations). No financial statement (not in the consolidated financial statement) specifies which LR, the EU or other international organization included in the documents issued by the guidelines or recommendations to the insurer (Group) is used. 20. If the insurer (Group) does not implement the policy with regard to one or more of the corporate social responsibility, financial statements (not in the consolidated financial statement) provides a clear and reasoned justification for the reasons why it is not being made. 21. In exceptional cases the insurer (Group) may not provide information about the events, which are expected to close membership year, or in the negotiation process questions, if both conditions listed: 21.1. the insurer's Management Board (the parent company of the Group's management) the written report to the general meeting of shareholders provides an explanation of the circumstances in which the provision of this information seriously detrimental to the insurer (the Group); 21.2. the failure to provide information that is not an obstacle to the attainment of clear understanding about the insurer's (Group) development, operating results, financial position and its impact on corporate social responsibility. 22. sworn auditor or certified auditor company (hereinafter – the sworn auditor), or non-financial statement has been drawn up (the consolidated non-financial communication), as well as whether or not the financial statements (the consolidated non-financial statement) is included in the control (the parent company of the group management) or the provisions referred to in point 14 individual document, but 16 of these rules. in the case referred to in paragraph 1 or from a financial statement preparation the insurer does not exempt financial statement (not in the consolidated financial statements) the information to be included in the parent company consolidated management report or in a separate document.
IV. Balance sheet and explanatory notes on the balance sheet items BSI 23. sample layout is given in annex 1 of these rules. 24. 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. 25. 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. 26. The item "intangible assets" reflects the identifiable assets which have no 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, software, electronic equipment, which is not an integral part of the society 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. 27. 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. 28. The item "investments in associated companies share capital" represents the investment (shares) of the share capital of associated companies. 29. The item "held for trading financial assets" reflecting their share of the estimated fair value of financial assets with the presentation of the income statement, which under international accounting standard 39. in particular, the insurer is classified as held for trading financial assets such as debt instruments, equity instruments. Derivative financial instruments are often held for trading, except those used for the non-trading portfolio assets to limit the risks. 30. Under "classified as fair value financial assets evaluated the presentation of profit and loss statement" reflects the portion of the fair value of financial assets with an estimated coverage of profit or loss, which under international accounting standard 39. in particular, the insurer recognises as classified as fair value financial assets estimated by the presentation of the income statement, such as debt and equity instruments. 31. The item "held-to-maturity investments" reflects the market has traded debt instruments and other financial investments with a fixed maturity, as well as term deposits with credit institutions which are in accordance with international accounting standard 39. down the insurer are classified as held-to-maturity investments. 32. 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. 33. The item "other loans" reflects the loans under this provision the requirements of paragraph 32 should not reflect the balance of the item "assets With mortgage backed loans". 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 that the insurer assumed that part. Such loans reflects the balance of assets the item "other receivables". In the annex, decrypts the amount of loans with and without supplemental security insurance policy. 34. 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, which in accordance with the provisions of the conditions of paragraph 35 should reflect the assets of the balance sheet item "Receivables from direct insurance operations – intermediaries". 35. 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. 36. The item "Receivables from reinsurance, ceded reinsurance and retrocession operations," reflects the insurer's claims against reinsurers arising from reinsurance, ceded reinsurance and the retrocession transactions, as well as claims against the reinsurance intermediaries if they have been nominated under reinsurance or brokerage agreement. If the insurer carried out both at the same time, both the ceded reinsurance in reinsurance and retrocession, the attachment of the customer requirements shall be indicated separately. 37. The item "deposits at the transferor's" insurer which reinsurance risks reflects the contributions as a guarantee deposit, which are 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. 38. The item "other receivables" reflects the requirements under this rule 34-37 does not reflect the requirements of the relevant balance sheet items of the assets, as well as the rules referred to in paragraph 33 loans to policyholders, which does not reflect the balance of the assets the item "other loans". This item reflects the part of the issued share capital subscribed, which is not a paid review period end date. 39. The item "deferred acquisition costs" reflects their customer acquisition expense part of the conclusion of the insurance contract the associated 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. Non-life insurance, calculating how much each contract associated with 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 which reinsurance, this item reflects the portion of reinsurance commissions relating to the next financial year, in accordance with the calculation referred to in this paragraph. 40. 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.
41. The item "tax assets" reflects deferred tax assets as well as current corporate income tax assets in accordance with international accounting standard 12. 42. The item "Ceded reinsurance and retrocession contracts" reflects the amounts in accordance with the concluded reinsurance ceded and retrocession contracts are deducted from the insurance obligation. The amounts that the insurer presented by relevant technical provisions. 43. 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). 44. The item "share capital" represents the paid the nominal value of shares (shares) of the total. 45. 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. 46. 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. 47. 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.. 48. The item "equalisation reserve" reflects the insurance contracts calculated reserves, which make up to classes where the loss ratio over the years vary widely, even out fluctuations in the next report of loss or to hedge a specific risk. 49. 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.
50. 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. Mutual insurance cooperative society under this heading reflect the cost to join, if it meant mutual insurance cooperative society statute, donations, and other unexpected income, as well as mutual insurance cooperative society established in accordance with the procedure prescribed in the statutes of the other reserves. 51. 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. 52. The item "profit/loss" reflects the profit or loss before its distribution. 53. Under "provision for unearned premiums and unexpected risks in technical provisions reflect the commitments of the insurer calculated premiums for not nopelnītaj that part of gross premiums written relating to the next financial year or a subsequent financial year. Before the commitment on not nopelnītaj premiums for land vehicle liability compulsory insurance cover of the calculation of gross premiums written can deduct vehicle insurance against civil liability in respect of the compulsory insurance law article 17 in the fifth subparagraph, these mandatory deductions. The provision for unearned premiums reserve technical calculated for each insurance contract separately. Here also reflect on unexpected risks that make up the amount, calculated in addition to the provision for unearned premiums, technical reserves for the risks to be covered by the end of the year, to be able to settle all claims and to cover expenditure under the existing insurance contracts, which exceed the provision for unearned premiums and technical provisions in the future "the bonus amount of such contracts. If not for the technical reserve for risks is essential, it shall be disclosed separately in the balance sheet or in the notes. 54. The item "life insurance technical reserves" reflects upon the methods of calculating aktuārmatemātik the commitments made under the life insurance contracts, value, taking into account the bonuses already declared value and report the future "actuarial value of insurance premiums. Life insurance technical reserves shall be calculated separately for each life assurance contract for each type of contract of aktuārmatemātik formulas and tables of mortality. 55. The item "for outstanding claims technical provisions reflect obligations relating to claims for amounts for the future cost of claims and to cover insurance claims adjustment expenses on insurance cases which have occurred and 55.1.: for which claims were received in the application but not paid insurance claims, or has not been paid in full, in calculating the amount of remuneration for each insurance case; 55.2., have taken place but which have not yet received the application for claims based on previous years ' statistics on insurance cases notified after the end date of the reporting period, the number and amount of claims paid in respect of such claims. 56. Under "bonus and discount technical provisions reflect obligations arising from insurance contracts and for policyholders or beneficiaries in the form of bonuses and discounts. Bonus of technical reserve must be calculated separately for each insurance contract or group of contracts with the same bonus and discount conditions. 57. The item "other technical provisions reflect obligations arising from insurance contracts, if the insurer is confident that the existing provision for unearned premiums and unexpected risks in technical provisions, life insurance technical provisions for outstanding claims technical provisions, the bonus of technical provisions technical provisions in life insurance contracts where the investment risk, the policyholder and the Equalization reserve will be insufficient to meet obligations under existing insurance contracts. 58. The item "technical provisions in life insurance contracts where the investment risk of the policyholders ' reflects the obligations relating to investments under life insurance contracts whose value or income determined on the basis of the investment for which the policyholder bears the risk, value, or by referring to the index. If such life insurance contracts provide for additional risks, such as the risk of death, then the following reserves presented under "life insurance technical reserves". 59. 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". 60. The item "held for trading financial liabilities" reflects the financial obligations arising out of the held for trading financial derivatives, short positions in other company equity instruments and debt instruments, and other obligations of the insurer in accordance with international accounting standard 39. determined to be classified as held for trading financial liabilities. 61. The item "deposits of reinsurers ' insurer reflects the ceded reinsurance and retrocession contract deposits received from reinsurers or the amounts withheld. If the insurer has received as a deposit financial instruments, which are passed to the property of this item reflects the obligations of the insurer for the deposit to the extent specified in the contract. 62. 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 after all other creditors, but prior to the shareholders ' claims. Those conditions are clearly established. In the annex the remainder of decrypts the connection time. 63. Under "Vendor from direct insurance operations – policyholders" reflect the policyholder the insurance premium prepaid. Item does not reflect the claims payable. 64. 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. 65. Under "accounts payable from reinsurance, ceded reinsurance and retrocession operations," reflects the obligations of the insurer against the reinsurers arising from ceded reinsurance, the retrocession and reinsurance operations, as well as obligations to reinsurance intermediaries if they formed under reinsurance or brokerage agreement. If one has concluded a number of reinsurers, 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 carried out both at the same time, both the ceded reinsurance in reinsurance and retrocession, the annex reflects the breakdown of commitments. 66. The item "other creditors" reflects the liabilities to affiliated and associated companies, other obligations, if not subject to the provisions of paragraph 63-65 conditions and they do not have to reflect the relevant commitments of the balance sheet items. The annex provides information on the contents of the items. 67. 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. 68. 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. 69. 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 due date end date for the report period has not yet expired, except where, 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 ceded reinsurance and retrocession of commissions. Unearned reinsurance reinsurance and retrocession of commissions scrapped income in proportion to the insurance, reinsurance and retrocession contract of reinsurance transactions.
V. profit or loss account and explanatory notes on the income statement items 70. Profit or loss statement items layout sample provided in annex 2 of these rules. 71. Under "gross premiums written" reflects all the reference year signed insurance premiums on contracts under international financial reporting standards defined in the insurer's classification as 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 policyholder premiums actually granted a reduction (benefit). The policyholder the insurance premium prepayment reflects the balance sheet liability item ' creditors from direct insurance operations – policyholders ". Signed in premiums include: 71.1. short-term insurance contracts in non-life and life insurance: 71.1.1. one-time premiums, 71.1.2. insurance premium for the entire insurance period if the duration of the insurance contract is less than a year, 71.1.3. of the reporting period end date received insurance premiums for life insurance, 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 insurance premium amount shall be the end of the insurance year 71.1.4., insurance premiums covering the insurance year, which begins in the year when the insurance premiums to pay for time or insurance several times during the year; 71.2. 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; 71.3. 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; 71.4. in the case of co-insurance the insurer's share of total premiums written, subject to this provision – paragraph 71.1.4 71.1.1. conditions; 71.5. reinsurance premiums pursuant to this rule 71.1-71.4 points; 71.6. reduction: 71.6.1. deductions for ceding and retroceding after the agreement expires, the cancelled and terminated 71.6.2. insurance premium amounts. 72. 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. 73. The item "share in premiums Reinsurer signed" reflects the reinsurance premiums in accordance with the reference year concluded the ceded reinsurance and retrocession contracts. If under of ceded reinsurance contract of reinsurance premiums shall be payable in advance (minimum deposit and bonus), reinsurance premiums in proportion to the ceded reinsurance contract period. The amount of such reinsurance premiums shall not be less than the ceded 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 the balance of assets under "other deferred expenses and accrued income". 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 reinsurance premiums, which terminated before expiry of the contract. 74. The item "change in the provision for unearned premiums and technical provisions of the risks" reflects the changes to the balance sheet liability item "in the provision for unearned premiums and unexpected risks in technical provisions during the financial year. 75. The item "change in reinsurers ' share in technical provision for unearned premiums reserve" reflects the changes in the balance sheet under "active Reinsurers share of unearned premiums, technical provisions" during the accounting year. 76. 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. 77. The item "Agreed remuneration, net" reflects: 77.1. the paid insurance claims, which include: 77.1.1. paid in the reporting year, claims 77.1.2. amounts paid repurchase life insurance, 77.1.3. 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) 77.1.4. 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; 77.2. part of the reinsurers in insurance claims paid; 77.3. changes for outstanding claims technical provisions, which reflect changes in the balance sheet liability item "for outstanding claims technical provisions during the financial year; 77.4. changes part of the reinsurers for outstanding claims technical provisions, which reflect changes in the balance sheet under assets reinsurers part of outstanding technical provisions "during the reporting year. 78. The item "change in life insurance technical reserve" reflects the changes to the balance sheet liability item "life insurance technical provisions during the financial year. 79. The item "change in reinsurers ' share of life insurance technical reserve" reflects the changes in the balance sheet under "active Reinsurers share of life insurance technical reserves" during the reporting year. 80. The item "Change in other technical provisions" reflects the changes to the balance sheet liability item "other technical reserves" and "technical provisions in life insurance contracts where the investment risk of the policyholders ' accounts during the year. 81. The item "bonuses, net" non-life insurance represents the reference 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. 82. 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 reinsurance risks, that this item reflects the reinsurance commissions the transferor. 83. The item "deferred changes in customer acquisition expenses" reflect changes in the balance sheet under assets "deferred acquisition costs" during the reporting year. 84. The item "administrative expenses" reflect the General administrative costs, formed by charging insurance premiums, making insurance contract administration, reinsurance, ceded reinsurance and retrocession, the t.sk. staff remuneration, social security costs, as well as mission expenses, payments to Auditors, consultants, financial and capital market Commission, the insured protection fund and the Association of insurers. 85. The item "reinsurance and retrocession Reinsurance commissions and participation in profits" reflects the ceded reinsurance and retrocession of the commissions due from reinsurers. Here also reflect the insurer due to the Commission on the participation of reinsurer's profit. Here represents the item "accrued expenses and deferred income" reflect not earned in the ceded reinsurance and retrocession of commissions changes during the year. 86. 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. 87. 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. 88. 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. 89. The item "Net interest income and dividend income" reflects the interest income (expenses) and similar income (expenses) 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. 90. The item "Net realized profit/loss from the acquisition value of the amortized rate financial assets and financial liabilities" represents the profit or loss resulting from the held-to-maturity investments and other amortized acquisition value prized financial assets sales or other forms of removal from the balance sheet, as well as a result of the acquisition value amortized in a prized investment contracts financial liabilities and other financial obligations of the realization. 91. The item "Net realized gains/losses on available for sale financial assets" reflects the previous reporting periods balance sheet item ' revaluation reserve ' reflect gains or losses on available-for-sale financial assets fair value, if available-for-sale financial assets are sold or otherwise excluded from the balance. 92. The item "net profit/loss from held for trading financial assets and financial liabilities" represents the revaluation gains or losses incurred and realized gains or losses from financial instruments listed. 93. 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 or losses from financial instruments listed. 94. The item "foreign exchange revaluation result" reflects transactions in foreign currencies and foreign currency-denominated assets and liabilities revaluation gains or losses. 95. The item "intangible asset, investment in buildings of the same activity, investment property and intangible assets of derecognition gains/losses" reflect the profit or 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. 96. 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. 97. 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 ceded reinsurance and retrocession contract impairment losses reduced by previous periods recognised impairment losses reverse amounts. This item shall also, tangible assets land and buildings of the same activity, investment property, goodwill and intangible assets impairment losses reduced by previous periods recognised impairment losses reverse amounts. 98. Under "negative goodwill" reflect negative goodwill, which in accordance with 3. International financial reporting standard set in immediately recognised in the income statement. 99. 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. 100. 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. 101. The item "profit/loss per share" the insurer whose shares are publicly traded, lists both the basic and the adjusted profit or loss per ordinary shares in accordance with the international accounting standard 33. requirements.
Vi. Cash flow statement and explanatory notes on the individual cash flow statement items 102. Cash flow statement item layout sample provided in annex 3 of these rules. 103. The cash flow statement reflects the cash and its equivalent income and charges in the year, dividing them as cash flows from insurance activities, investment activities and financing activities in accordance with international accounting standard 7. 104. The cash flow statement does not reflect the movement of funds from one cash and cash equivalent items. 105. 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. 106. 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 item "currency rate changes impact on cash and cash equivalents".
VII. changes in capital and reserves report 107. changes in capital and reserves in the report, which describes the change in the net assets of the insurer, produce: 107.1. the insurer for the year total comprehensive income levels, as well as previous periods of accumulated comprehensive income; 107.2.8. in accordance with the international accounting standard changes set out in the accounting policies retrospectively or items of a financial statement of the ex-post adjustments each impact statement; 107.3. transactions with shareholders, related to the issue of shares and Treasury shares, repurchase and sale, as well as the cost of dividends, but mutual insurance society-the cooperative share capital increases or reductions, as well as the disposal of shares, dividends; each statement 107.4. the comparison of the carrying amount at the beginning of the financial year and in the end, disclosing any change in the reporting year. 108. changes in capital and reserves in the report or in the annex shows shareholders or insurer mutual insurance cooperative society members dividends paid profit levels, as well as the amount of dividends per share. 109. changes in capital and reserves of the sample report that contains the information to be included in the report, provided in annex 4 of these rules.
VIII. Valuation rules 110. the financial statements shall be drawn up in accordance with the following general principles: 110.1. the 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; 110.2. the accrual basis, reflecting the income and expenses relating to the financial year, irrespective of their receipt or payment date; 110.3. the consistency principle, consistently using the same accounting and valuation methods of the period; the principle of materiality, 110.4. reflecting all the items that are significant enough to affect the assessment of the annual report or annual report users further decision-making; 110.5. the exposure of the form content, reflecting the transactions and events in accordance with their economic content and nature, not just their legal form; 110.6. the precautionary principle in all cases, the evaluations with due care, subject to the following conditions: 110.6.1. include only a reference year of profit, that is, income or expense is presented, taking into account the conditions that existed at the end date of the reporting period, the 110.6.2. takes note of the commitments relating to the financial year and the previous financial year; 110.7. 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; 110.8. the assets, liabilities and capital and reserves items and their ingredients is assessed individually. 111.110. 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. 112. The insurer may depart from this provision, paragraph 110 principles only for well-founded reasons, explained in the annex to each such resignation effect on financial position and activities an evaluation of the results. 113. 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. 114. 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. 115. the assets in the financial statements if they are provisioned does not secure debts, show, minus the value of these stocks. 116. The balance sheet assets and liabilities in foreign currencies valued currency of the Republic of Latvia in accordance with the accounting used in foreign 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. 117. If, between the end of the 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 end date of the reporting period, the following events take account of relevant items of the financial statements. 118. If, between the end of the year and the date on which the annual accounts have been approved for issue in the event that indicates the factors arising after the end date of the reporting period, 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. 119. the accounting policy, the insurer shall indicate each type of financial instrument valuation method and apply it consistently. Financial instruments are classified as follows: 119.1. the estimated fair value of financial assets or financial liabilities with the presentation of the income statement: 119.1.1. held for trading financial assets or financial liabilities are classified as 119.1.2. fair value measured financial assets or financial liabilities with the presentation of profit and loss statement; 119.2. available-for-sale financial assets; 119.3. loans and receivables; 119.4. held-to-maturity investments. 120. 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 4. 121. the management of the insurer confirming the technical provisions and equalisation reserves calculation method, it invariably 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. 122. The insurer in each reporting period end date, or assessed in accordance with the procedure approved by the management of the insurer for the insurance contracts calculated technical reserves and equalisation reserves are sufficient to prepare compliance test of the commitments under international financial reporting standards. 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. 123. 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.
IX. the content of the Annexes in annex 124. include the following, as well as other points of these regulations on the content of the attachment specified and international financial reporting standards required information: 124.1. preparation of the financial statements the accounting policies applied in the clarification, including: 124.1.1. 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, 124.1.2. and annex the balance sheet items valuation principle , a burdens of assets and liabilities, income and expense 124.1.3. accumulation and recognition policies, some explaining items arising from insurance contracts, 124.1.4. the criteria for the classification of financial instruments occurs this provision, paragraph 119 categories, as well as the criteria and limits the reclassification, 124.1.5. methods and significant assumptions used in the fair value of financial assets, 124.1.6. error related to the previous reporting years , fix, 124.1.7. change in accounting policy the principles of reflection, 124.1.8. items denominated in a foreign currency, the conversion used for accounting purposes in foreign exchange rates, 124.1.9., which is provisioned, the acquisition value, savings and book value and at the beginning of the accounting year, and in the end, 124.1.10. insurance contract conditions which have a significant impact on the future cash flow amounts, time periods and uncertainty 124.1.11. insurance used to hedge risk management policies information on insurance, risk concentration and information about interest rate risk and credit risk arising from ceded reinsurance and retrocession contracts; 124.2. 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; 124.3. average number of employees in the year under review by the insurer's employees and agents of the insurer, as well as by insurer bodies (the seat of the insurer, branches, representations and agencies); 124.4. accounting year the Board and the members of the Council or of the Executive Body (mutual insurance cooperative society) the total remuneration granted to members of t.sk. pay for other functions, as well as the Board and the members of the Council or members of the Executive Body, issued an advance credit guarantee (guarantee) URu.tml. the total amount of the transaction and all obligations relating to the payment of pensions to former members of the Management Board and the Executive Council or members; 124.5. news for stock shareholders or mutual cooperative association, a qualifying holding in the share capital of the situation at the end of the year, the share or shares of the nominal value and the number of votes; 124.6. details of the accounting year or part of the shares subscribed and the number of denominations. If the share capital is composed of several types of shares or shares, indicate each type of stock or shares, the number and the nominal value. 125. the Annex provides information on the balance sheet of financial assets and financial liabilities that apply to affiliated and associated companies. 126. the Annex provides information on the balance sheet item "vendors" and include the sub-items of liabilities, which 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. 127. 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: 127.1. 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; 127.2. 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. 128. in the annex indicates: 128.1. the following income statement figures for non-life insurance, broken down between direct insurance and reinsurance (if reinsurance accounts for 10 percent or more of gross premiums written premiums): 128.1.1. gross premiums written, 128.1.2. gross earned premiums, gross remuneration paid in 128.1.3., 128.1.4. gross administrative expenses; 128.2. the following income statement figures for life insurance, broken down between direct insurance and reinsurance (if reinsurance accounts for 10 percent or more of gross premiums written premiums): 128.2.1. individual contract bonuses and the group contract bonuses: 128.2.1.1. individual contract bonuses, 128.2.1.2. group contract bonuses, 128.2.2. one-time and recurring premiums: 128.2.2.1. single premiums, 128.2.2.2., 128.2.3. recurring premiums premiums for contracts with participation in profit estimates premiums on contracts, without estimates of participation in profits and bonuses for unit-linked contracts: 128.2.3.1. bonuses for contracts with participation in profit estimates, 128.2.3.2. bonuses for contracts without the presence of profit estimates, 128.2.3.3. the market premium for the associated agreements; 128.3. profit or loss calculation result in reinsurance and retrocession reinsurance. 129. in the annex to profit or loss in the non-life insurance distribution between direct insurance and reinsurance, taking into account the provisions of paragraph 128.1 conditions reflect the following distribution: 129.1. accident insurance; 129.2. health insurance; 129.3. ground transport (except rail) insurance; 129.4. rail transport insurance; 129.5. aircraft insurance; 129.6. shipping insurance; 129.7. cargo insurance; 129.8. property insurance against fire and damage by natural disasters and against other losses; 129.9. land vehicles liability insurance; 129.10. land transport owners civil liability compulsory insurance; 129.11. aircraft liability insurance; 129.12. shipowners ' civil liability insurance; 129.13. General liability insurance; 129.14. credit insurance; 129.15. guarantee insurance; 129.16. various financial loss insurance; 129.17. legal expenses insurance; 129.18. assistance insurance. 130.129. These provisions specified in point allocation shall not be performed if direct gross premiums underwritten in the amount not exceeding 10 million. 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. 131. 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. 132. 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: 132.1. investment in land and buildings, which are used for the operation of the insurer; 132.2. related and associated investments in share capital of the company. 133. 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: 133.1. Latvia; 133.2. European economic area; 133.3. the rest of the world. 134. If the contributions 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. 135. the Annex provides information about each agreement not included in the balance sheet, indicating its nature, objectives and financial impact, if such agreement related risks or benefits is essential and if information about such risks or benefits is necessary to assess the financial position of the insurer. 136. the Annex provides information on the reporting year sworn auditor of the insurer in the amount of remuneration calculated by each of such sworn auditor services: 136.1. annual report (consolidated annual accounts) audit; 136.2. other tasks of the audit; 136.3. consultations in tax matters; 136.4. other expert tasks. 137. 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.
X. additional requirements in the consolidated annual accounts preparation and submission procedures, 138. The consolidated balance sheet consolidated income statement, consolidated cash flow statement and the consolidated capital and reserves changes can be made on the basis of these rules 1, 2, 3 and 4 of the specimens in annexes. 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. 139. 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. 140. 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. 141. If a 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: 141.1. gross premiums written; 141.2. profit or loss; 141.3. capital and reserves; 141.4. number of employees on average.
XI. Additional requirements for the consolidated annual accounts 142. in the annex the contents of the following, as well as other points of these regulations on the content of the attachment specified and international financial reporting standards required information: 142.1. items of consolidated financial statements and the evaluation of the revaluation method; 142.2. 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; 142.3. methods used in each of the subsidiaries financial statements for inclusion in the index consolidated financial statements; associated company of 142.4. 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 142.5. 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; 142.6. 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; 142.7. 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; 142.8. 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; 142.9. information about the consolidation of the companies involved in the different activities, where one exists; 142.10. place (commercial register or other register of a Member State of the European Union institutions, or the parent company), which can receive the insurer's parent company or parent company of the parent company's consolidated annual report that as its subsidiary company (subsidiary of subsidiary company) is included in the insurer, a copy, if it is publicly available.
XII. concluding issues 143. provisions applicable to insurers in preparing the annual accounts and consolidated accounts, starting with the 2016. 144. The provisions of chapter III requirements apply, the insurer when preparing the annual accounts and consolidated annual accounts for the reporting period that begins January 1, 2017 or later.
Informative reference to European Union directives, the provisions included in the law, derived from: 1) of the Council of 19 December 1991, the directive on the annual accounts and consolidated accounts of insurance undertakings 91/674/EEC based on article 54 of the Treaty, paragraph 3 "g" and refers to the annual and consolidated accounts; 2) of the European Parliament and of the Council of 18 June 2003 of Directive 2003/51/EC in respect of certain types of companies, banks and other financial institutions and insurance undertakings annual and consolidated accounts, amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC; 3) of the European Parliament and of the Council of 14 June 2006, Directive 2006/46/EC, amending Council Directives 78/660/EEC concerning the annual accounts of certain types of companies, 83/349/EEC concerning consolidated accounts, 86/635/EEC on banks and other financial institutions the annual accounts and consolidated accounts and 91/674/EEC on the annual accounts and consolidated accounts of insurance undertakings; 4) of the European Parliament and of the Council of 26 June 2013 the EU Directive 2013/34/on certain types of enterprise annual financial statements, consolidated financial statements and related messages, amending European Parliament and Council Directive 2006/43/EC and repealing Council Directive 78/660/EEC and 83/349/EEC; 5) the European Parliament and of the Council on 2014 October 22, 2014/95/EU directive, amending Directive 2013/34/ES for a certain group of large companies and non-financial information disclosures and diversity. Financial and capital market Commission President p. Birdie annex 1 financial and capital market Commission 29.11.2016. regulatory arrangements no 201 BSI layout sample 1. Assets tangible assets 1.1 1.2. Investments in land and buildings the same performance 1.2.1 to 1.2.2. ensure investment property 1.3 1.3.1. Intangible assets goodwill 1.3.2. other investment in affiliated companies 1.4 share capital investment in the associated company 1.5 capital 1.6. Held for trading financial assets 1.6.1. Shares and other securities with fixed income 1.6.2. Debt securities and other securities fixed income 1.6.3. Financial derivatives 1.7. Classified as fair value financial assets evaluated the presentation of profit and loss statement 1.7.1. Shares and other securities with fixed income 1.7.2. Debt securities and other fixed income securities 1.8. Available-for-sale financial assets 1.8.1. Shares and other securities with fixed income 1.8.2. Debt securities and other fixed income securities 1.2. Held-to-maturity investments 1.9.1. Debt securities and other fixed income securities 1.9.2. Time deposits with credit institutions 1.10. loans and receivables 1.10.1. loans 1.10.1.1. With mortgage backed loans other loans 1.10.1.2.1.10.2. Receivables 1.10.2.1. customers from direct insurance operations 1.10.2.1.1. Policyholders 1.10.2.1.2. Intermediaries 1.10.2.2. customers from reinsurance, ceded reinsurance and retrocession operations 1.10.2.3. Deposits at the transferor's 1.10.2.4. Other receivables accrued income and 1.11 prepaid expenses 1.11.1. Deferred acquisition costs 1.11.2. other prepaid expenses and accrued income tax assets 1.12 1.13. Ceded reinsurance and retrocession contracts 1.13.1. Reinsurers part of technical provision for unearned premiums reserve 1.13.2. Reinsurers ' share of life insurance technical provisions 1.13.3. the share of Reinsurers for outstanding claims technical provisions 1.13.4. part of the Reinsurer bonus and discount 1.13.5. technical provisions Reinsurers share in other technical provisions 1.14. Cash in hand and on demand to credit institutions 1.14.1. Cash in on demand 1.14.2. requirements to credit institutions 1.15. Total assets 2. Capital and reserves share capital 2.1 2.2. Share premium 2.3. own shares/shares (-) 2.4. Revaluation reserve 2.5. Equalisation provision 2.6. Reserve estimates for participation in the profit reserve capital and 2.7. 2.8. other reserves previous years retained earnings/loss 2.9. Profit/loss 2.10. Total equity and reserves 3. commitments 3.1. Insurance and reinsurance obligations 3.1.1. Provision for unearned premiums and unexpected risks in technical reserves 3.1.2. Life insurance technical reserves 3.1.3. For outstanding claims technical provisions 3.1.4. Bonus and discount 3.1.5. Other technical reserves technical reserves the technical reserve 3.1.6. life insurance If the investment risk policyholders 3.2. Held for trading financial liabilities 3.2.1. Equity instruments debt instruments 3.2.2 3.2.3. Derivative financial instruments classified as 3.3 fair value estimated financial commitments with the presentation of profit and loss statement 3.3.1. Investment contract, if the investment risk of the policyholder, financial commitments 3.3.2. other investment contracts financial liabilities amortized acquisition 3.4 value assessed financial commitment 3.4.1. Investment contracts financial liabilities deposits from reinsurers 3.4.2 3.4.3. Subordinated liabilities 3.4.4. Borrowings 3.4.5. Creditors creditors from direct 3.4.5.1. insurance operations 3.4.5.1.1. Policyholders 3.4.5.1.2. Intermediaries 3.4.5.2. Creditors from reinsurance, ceded reinsurance and retrocession operations 3.4.5.3. other Payables accruals 3.5 3.5.1. Provisions for pensions and similar obligations other provisions 3.5.2 3.6. Liability to tax 3.7. Accrued expenses and deferred income total liabilities 4 3.8. Total capital and reserves and liabilities annex 2 financial and capital market Commission 29.11.2016. regulatory arrangements no 201 of the income statement item layout sample 1. Earned premiums gross premiums 1.1 1.1.1. Gross premiums written 1.1.2. OCTA-obligatory deductions (-) 1.2. share of premiums Reinsurer signed in (-) 1.3. Change in the provision for unearned premiums and unexpected risks in technical provisions (+/-) 1.4. changes in the reinsurer's share in technical provision for unearned premiums (+/-) 2. Other technical income, net amount Agreed remuneration 3 requirements 3.1. NET claims paid, net of the gross remuneration 3.1.1 3.1.1.1. The compensation paid the amount of Remuneration settlement 3.1.1.2. expenses paid to repurchase 3.1.1.3. amounts recovered loss amount 3.1.1.4. (-) 3.1.2. part of the Reinsurer in insurance claims paid (-) 3.2 changes for outstanding claims technical provisions (+/–) 3.3 changes to reinsurers part of deferred insurance claims requirement for technical provisions (+/-) 4. changes in the life insurance technical provisions (+/-) 5. changes in the reinsurer's share of life insurance technical reserves (+/-) 6. changes in other technical provisions (+/-) 7. Bonuses, net 8. Net operating expenses 8.1. customer acquisition costs 8.2. changes in deferred customer acquisition costs (+/–) 8.3. administrative expenditure 8.4. the reinsurance and retrocession Reinsurance commissions and participation in profits (-) 9. Other technical expenses, net 10. Change in the equalisation provision (+/-) 11. Investment management expenses/income and commissions payable 12. Net interest income and dividend income realized Net 13. profit/loss from the acquisition value of the amortized rate financial assets and financial liabilities 14. Net unrealized gains/losses on available for sale financial assets 15. Net profit/loss from held for trading financial assets and financial liabilities 16. Net profit/loss from classified as fair value measured financial assets and financial liabilities with the presentation of profit and loss statement 17. Foreign currency revaluation of tangible assets 18. in the same building, investment activity, investment property and intangible assets of derecognition of the profit/loss 19. depreciation impairment loss 20 to 20.1. Financial assets that are not measured at fair value through profit or loss, the impairment loss of 20.2. Ceded reinsurance and retrocession contract loss in the value of the tangible assets 20.3, investments in land and buildings of the same activity, investment property, goodwill and intangible assets impairment loss 21. Negative goodwill 22. Profit/loss before tax calculation 23. enterprise income tax 24. Profit/loss 25. Profit distribution to shareholders dividends 25.2 25.1.. Reserve membership in profit estimates 25.3. Equalization reserve 26. Profit/loss per share annex 3 financial and capital market Commission 29.11.2016. regulatory arrangements no 201 cash flow statement item Layout sample 1. Cash flows from insurance activities 1.1. Receive premiums direct insurance paid 1.2 rewards direct 1.3. Cash received for the co-insurance 1.4. Cash paid for co-insurance 1.5. Cash received for ceded reinsurance and retrocession of the 1.6. Cash paid for reinsurance and retrocession of the ceded 1.7. Cash received on reinsurance 1.8. Cash paid for reinsurance 1.9. income tax paid 1.10. compulsory payments 1.11. Overall cash paid 1.12. Other cash received 2. cash flow from investing activities acquisition of investments 2.1 2.2. Investment sales 2.3. Return on investments 2.4. dividends received 3. cash flow from financing activities 3.1. Income from stock/shares emissions 3.2. Income from the underlying commitment to attract 3.3 repayment of the underlying connection 3.4. own shares/shares buy-back of own shares/3.5 shares for sale 3.6. Dividends paid 3.7. Income from other funding sources 4. Net of cash and cash equivalents increase/decrease 5. Exchange rate changes impact on cash and its equivalents (+/-) 6. Cash and cash equivalents at the beginning of the year cash and cash equivalents 7. equivalents at the end of the reporting year annex 4 financial and capital market Commission 29.11.20216. regulatory arrangements no 201 capital and reserves 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 rez ERV's increase/decrease reserve estimates for participation in increase/decrease profit in the previous financial year's 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