Consolidated balance sheet

 

Notes

 

2014

 

2013

in CHF million

 

 

 

reclassified

Assets

 

 

 

Property and equipment

 

5

 

545.6

 

372.1

Goodwill and other intangible assets

 

6

 

1 273.2

 

335.1

Investments in associates

 

7.4.1

 

39.9

 

1.9

Investment property

 

7.5

 

6 317.8

 

5 059.8

Group financial assets1

 

7.2

 

38 525.6

 

31 676.9

Investments with market risk for the policyholder1

 

7.2

 

3 134.7

 

2 837.5

Receivables from insurance business

 

9.6

 

1 281.5

 

1 022.1

Deferred acquisition costs

 

9.5

 

504.4

 

400.5

Reinsurance assets

 

9.1

 

636.6

 

465.9

Deferred tax assets

 

10.5

 

23.3

 

23.2

Current income tax assets

 

 

28.6

 

17.8

Other assets

 

 

272.4

 

241.7

Accrued investment income

 

 

394.9

 

349.0

Cash and cash equivalents

 

 

2 090.4

 

1 708.1

 

 

 

Total assets

 

 

55 068.9

 

44 511.6

1 Voluntary change in presentation (see section 2.3 on page 117)

 

Notes

 

2014

 

2013

in CHF million

 

 

 

Liabilities and equity

 

 

 

Share capital

 

11.1

 

1.0

 

0.9

Capital reserves

 

 

657.8

 

128.8

Treasury shares

 

 

– 8.2

 

– 11.3

Unrealised gains and losses (net)

 

11.2.4

 

321.7

 

198.4

Foreign currency translation differences

 

 

– 322.2

 

– 302.7

Retained earnings

 

 

2 997.6

 

2 939.0

Valuation reserves for contracts with participation features

 

11.2.5

 

1 261.1

 

863.5

Equity of Helvetia Holding AG shareholders

 

 

4 908.8

 

3 816.6

 

 

 

Minority interests

 

 

54.3

 

14.6

Equity (without preferred securities)

 

 

4 963.1

 

3 831.2

 

 

 

Preferred securities

 

11.3

 

700.0

 

300.0

Total equity

 

 

5 663.1

 

4 131.2

 

 

 

Actuarial reserves (gross)

 

9.1

 

33 530.3

 

29 815.6

Provision for future policyholder participation

 

9.1

 

2 025.9

 

937.1

Loss reserves (gross)

 

9.1

 

4 863.9

 

3 121.6

Unearned premium reserve (gross)

 

9.1

 

1 434.7

 

1 053.5

Financial liabilities from financing activities

 

8.1

 

913.8

 

278.7

Financial liabilities from insurance business

 

8.2

 

2 240.3

 

2 173.2

Other financial liabilities

 

8.3

 

222.6

 

116.5

Liabilities from insurance business

 

9.6

 

2 040.4

 

1 679.0

Non-actuarial provisions

 

12.1

 

168.3

 

86.1

Employee benefit obligations

 

13.2

 

750.8

 

331.2

Deferred tax liabilities

 

10.5

 

878.2

 

555.6

Current income tax liabilities

 

 

33.2

 

42.7

Other liabilities and accruals

 

 

303.4

 

189.6

Total liabilities

 

 

49 405.8

 

40 380.4

 

 

 

Total liabilities and equity

 

 

55 068.9

 

44 511.6