For the year ended 31 December 2014
Share Share Equalisation Revaluation Translation Retained
capital premium reserve reserve reserve earnings Total
GBP000 GBP000 GBP000 GBP000 GBP000 GBP000 GBP000
At 1 January 2014 120,477 4,632 25,837 700 14,340 328,157 494,143
Profit for the year - - - - - 40,317 40,317
Other net
income/(expense) - - - 40 (1,697) (10,547) (12,204)
--------- -------- ------------- ------------ ------------ --------- ---------
Total comprehensive
income - - - 40 (1,697) 29,770 28,113
Dividends - - - - - (9,181) (9,181)
Gross charitable
grant - - - - - (23,500) (23,500)
Tax relief on
charitable grant - - - - - 5,053 5,053
Group tax relief in
excess of standard
rate - - - - - 5 5
Reserve transfers - - (538) (199) - 737 -
--------- -------- ------------- ------------ ------------ --------- ---------
At 31 December 2014 120,477 4,632 25,299 541 12,643 331,041 494,633
--------- -------- ------------- ------------ ------------ --------- ---------
At 1 January 2013 120,477 4,632 25,590 752 24,411 279,795 455,657
Profit for the year - - - - - 62,118 62,118
Other net expense - - - (52) (10,071) (1,094) (11,217)
--------- -------- ------------- ------------ ------------ --------- ---------
Total comprehensive
income - - - (52) (10,071) 61,024 50,901
Dividends - - - - - (9,181) (9,181)
Gross charitable
grant - - - - - (4,000) (4,000)
Tax relief on
charitable grant - - - - - 930 930
Group tax relief in
excess of standard
rate - - - - - (164) (164)
Reserve transfers - - 247 - - (247) -
--------- -------- ------------- ------------ ------------ --------- ---------
At 31 December 2013 120,477 4,632 25,837 700 14,340 328,157 494,143
The equalisation reserve is not distributable and must be kept in compliance with the insurance
companies' reserves regulations. The revaluation reserve represents cumulative net fair value
gains on owner-occupied property. The translation reserve arises on consolidation of the Group's
foreign operations.
------------------------------------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
For the year ended 31 December 2014
2014 2013
GBP000 GBP000
Assets
Goodwill and other intangible assets 28,998 23,684
Deferred acquisition costs 31,117 34,757
Deferred tax assets 1,295 3,261
Pension assets 21,068 32,288
Property, plant and equipment 6,405 7,292
Investment property 69,775 45,099
Financial investments 886,186 946,452
Reinsurers' share of contract liabilities 157,465 132,593
Current tax recoverable - 135
Other assets 119,394 124,464
Cash and cash equivalents 107,526 107,241
Current assets classified as held for sale 6,204 -
----------- -----------
Total assets 1,435,433 1,457,266
----------- -----------
Equity
Share capital 120,477 120,477
Share premium account 4,632 4,632
Retained earnings and other reserves 369,524 369,034
----------- -----------
Total shareholders' equity 494,633 494,143
----------- -----------
Liabilities
Insurance contract liabilities 820,328 848,267
Finance lease obligations 1,259 1,624
Provisions for other liabilities 3,588 6,710
Pension liabilities 250 -
Retirement benefit obligations 12,547 11,744
Deferred tax liabilities 36,014 40,116
Current tax liabilities 5,767 2,463
Deferred income 16,432 14,231
Other liabilities 44,615 37,968
----------- -----------
Total liabilities 940,800 963,123
----------- -----------
Total shareholders' equity and liabilities 1,435,433 1,457,266
----------- -----------
CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended 31 December 2014
2014 2013
GBP000 GBP000
Profit before tax 48,154 66,937
Adjustments for:
Depreciation of property, plant and equipment 1,638 1,930
(Profit)/loss on disposal of property, plant and equipment (32) 112
Amortisation and impairment of intangible assets 1,751 2,770
Loss on disposal of intangible assets 19 7
Net fair value gains on financial instruments and investment property (8,918) (36,072)
Dividend and interest income (34,709) (38,364)
Finance costs 86 117
Changes in operating assets and liabilities:
Net decrease in insurance contract liabilities (21,413) (8,689)
Net (increase)/decrease in reinsurers' share of contract liabilities (26,814) 5,275
Net decrease/(increase) in deferred acquisition costs 3,327 (1,075)
Net decrease in other assets 3,792 16,385
Net increase/(decrease) in operating liabilities 8,814 (777)
Net (decrease)/increase in other liabilities (3,498) 48
---------- ----------
Cash (used)/generated by operations (27,803) 8,604
Dividends received 8,624 9,923
Interest received 26,889 27,388
Interest paid (86) (117)
Tax recovered/(paid) 1,127 (225)
---------- ----------
Net cash from operating activities 8,751 45,573
---------- ----------
Cash flows from investing activities
Purchases of property, plant and equipment (1,369) (1,017)
Proceeds from the sale of property, plant and equipment 677 54
Purchases of intangible assets (1,548) (2,232)
Acquisition of business, net of cash acquired (5,000) -
Purchases of financial instruments and investment property (152,899) (269,766)
Ecclesiastl.8fe (LSE:ELLA)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Ecclesiastl.8fe (LSE:ELLA)
Gráfica de Acción Histórica
De May 2023 a May 2024
