26. Financial liabilities
In July 2020 UNIQA Insurance Group AG issued a senior bond in the amount of €600 million at an issue price of 99.436 per cent of the nominal amount. It has a term of ten years at a nominal interest rate of 1.375 per cent. The proceeds are used to finance the purchase of former AXA companies in Poland, the Czech Republic and Slovakia.
In € thousand |
|
Long term |
|
Short term |
|
Total |
|---|---|---|---|---|---|---|
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
|
Subordinated liabilities |
1,042,838 |
1,045,451 |
14,721 |
24,469 |
1,057,559 |
1,069,920 |
Financial liabilities |
|
|
|
|
|
|
Liabilities from bonds and loans |
595,534 |
606,142 |
3,955 |
3,955 |
599,490 |
610,098 |
Derivative financial instruments |
11,828 |
292 |
10,015 |
1,617 |
21,843 |
1,908 |
Lease liabilities |
93,979 |
73,609 |
8,005 |
7,951 |
101,984 |
81,560 |
Total |
701,341 |
680,043 |
21,975 |
13,523 |
723,317 |
693,566 |
In € thousand |
Subordinated liabilities |
Liabilities from bonds and loans |
Provisions for derivative business |
Lease liabilities |
Financial liabilities Total |
Changes in financial liabilities |
|---|---|---|---|---|---|---|
At 1 January 2020 |
870,110 |
12,004 |
670 |
62,842 |
75,516 |
945,625 |
Proceeds from other financing activities |
197,826 |
595,045 |
0 |
0 |
595,045 |
792,871 |
Payments from other financing activities |
0 |
–9,046 |
0 |
–13,768 |
–22,815 |
–22,815 |
Currency translation |
0 |
0 |
–7 |
–343 |
–350 |
–350 |
Change in basis of consolidation |
0 |
8,140 |
0 |
29,744 |
37,883 |
37,883 |
Other changes |
1,984 |
3,955 |
1,246 |
3,086 |
8,287 |
10,271 |
of which interest expenses |
57,762 |
6,236 |
0 |
759 |
6,995 |
64,758 |
of which interest payments (presented as net cash flow from operating activities) |
–55,701 |
0 |
0 |
–759 |
–759 |
–56,460 |
At 31 December 2020 |
1,069,920 |
610,098 |
1,908 |
81,560 |
693,566 |
1,763,485 |
At 1 January 2021 |
1,069,920 |
610,098 |
1,908 |
81,560 |
693,566 |
1,763,485 |
Proceeds from other financing activities |
370,323 |
0 |
0 |
0 |
0 |
370,323 |
Payments from other financing activities |
–375,000 |
–35,954 |
0 |
–16,906 |
–52,860 |
–427,860 |
Currency translation |
0 |
0 |
13 |
424 |
438 |
438 |
Change in basis of consolidation |
0 |
24,856 |
0 |
0 |
24,856 |
24,856 |
Other changes |
–7,683 |
490 |
19,921 |
36,906 |
57,317 |
49,634 |
of which interest expenses |
124,429 |
9,335 |
0 |
998 |
10,333 |
134,762 |
of which interest payments (presented as net cash flow from operating activities) |
–134,408 |
–8,250 |
0 |
–998 |
–9,248 |
–143,656 |
At 31 December 2021 |
1,057,559 |
599,490 |
21,843 |
101,984 |
723,317 |
1,780,876 |