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- 1 of 17 General Information
- 2 of 17 Summary of Significant Accounting Policies
- 3 of 17 Segment Information
- 4 of 17 Contracts for the Account and Risk of the Swiss Life Group’s Customers
- 5 of 17 Premiums, Policy Fees and Deposits Received
- 6 of 17 Details of Certain Items in the Consolidated Statement of Income
- 7 of 17 Income Taxes
- 8 of 17 Financial Assets and Liabilities at Fair Value through Profit or Loss
- 9 of 17 Financial Assets Available for Sale
- 10 of 17 Loans and Receivables
- 11 of 17 Intangible Assets including Intangible Insurance Assets
- 12 of 17 Investment Contracts
- 13 of 17 Borrowings
- 14 of 17 Insurance Liabilities and Reinsurance Assets
- 15 of 17 Employee Benefits
- 16 of 17 Acquisitions and Disposals of Subsidiaries
- 17 of 17 Events after the Reporting Period
2 Summary of Significant Accounting Policies
The half-year financial statements are prepared in accordance with IAS 34 Interim Financial Reporting. The accounting policies used in the preparation of the interim financial statements are consistent with those used in the financial statements for the year ended 31 December 2013, except for the changes in accounting policies as described below.
These interim financial statements should be read in conjunction with the 2013 annual financial statements.
Figures may not add up exactly due to rounding.
The following standards and interpretations have been implemented in the period under review with no material changes to the consolidated statement of income and the consolidated balance sheet:
– Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32)
– Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39)
– IFRIC 21 Levies
Transactions with subsidiaries have been eliminated on consolidation.
No major transactions with other related parties have been entered into in the period under review.
Items included in the Group’s financial statements are measured using the currency of the primary economic environment in which the Group’s entities operate (the “functional currency”). The consolidated financial statements are presented in millions of Swiss francs (CHF), which is the Group’s presentation currency.
|30.06.2014||31.12.2013||Average 2014 HY||Average 2013 HY|
1 British pound (GBP)
1 Czech koruna (CZK)
1 Euro (EUR)
100 Hungarian forint (HUF)
100 Polish zloty (PLN)
1 Singapore dollar (SGD)
1 US dollar (USD)