MINERVA INSURANCE COMPANY PUBLIC LIMITED financials
MINERVA INSURANCE COMPANY PUBLIC LIMITED
Country: CY Reporting currency: EUR Latest annual report: 2021-12-31
LEI:
529900VQA3SYOTJKL584 Financial statements
(EUR, as reported — unscaled; 95 line items across 2 annual periods)
| Line item | 2021 | 2020 |
|---|---|---|
| Income statement | ||
| Operating expenses | €2.2M | €2.2M |
| Operating profit (EBIT) | -€208.7K | €467.4K |
| Net finance income / (cost) | -€166.4K | -€194.1K |
| Profit before tax | -€375.1K | €273.3K |
| Income tax expense | €12.3K | €117.3K |
| Profit for the year | -€387.4K | €156.0K |
| Cash flow statement | ||
| Cash generated from operations | €1.2M | €131.6K |
| Net cash from operating activities | €1.1M | €18.0K |
| Net cash from investing activities | -€630.6K | -€1.8M |
| Purchase of PP&E (capex) | €131.9K | €511.5K |
| Purchase of intangibles | €18.2K | €59.9K |
| Net cash from financing activities | -€386.1K | -€1.7M |
| Repayments of borrowings | €383.4K | €398.1K |
| Balance sheet | ||
| Total assets | €37.5M | €36.3M |
| Non-current assets | €18.8M | €18.6M |
| Property, plant & equipment | €4.8M | €4.8M |
| Right-of-use assets | €765.5K | €974.8K |
| Current assets | €18.7M | €17.7M |
| Cash & equivalents | €4.4M | €4.5M |
| Total equity | €10.0M | €7.3M |
| Non-current liabilities | €6.6M | €8.9M |
| Lease liabilities (non-current) | €591.9K | €807.8K |
| Current liabilities | €20.9M | €20.1M |
| Lease liabilities (current) | €236.3K | €211.6K |
| Deferred tax liabilities | €918.1K | €889.9K |
| Derived metrics | ||
| Free cash flow | €931.7K | -€493.5K |
| Return on equity | -3.9% | 2.1% |
| Cash conversion ratio | -2.75× | 0.12× |
| Capex coverage | 8.06× | 0.04× |
| Other reported items | ||
| Acquisition and Administration Expense Related To Insurance Contracts | €5.7M | €5.3M |
| Adjustments For Amortisation Expense | €75.2K | €131.1K |
| Adjustments For Depreciation Expense | €242.7K | €228.4K |
| Adjustments For Dividend Income | €10.4K | €9.4K |
| Adjustments For Income Tax Expense | €12.3K | €117.3K |
| Adjustments For Increase Decrease In Insurance Reinsurance and Investment Contract Liabilities | €411.6K | €498.3K |
| Adjustments For Interest Expense | €166.4K | €194.1K |
| Adjustments For Interest Income | €40.8K | €84.9K |
| Adjustments For Provisions | €118.7K | €0 |
| Assets Arising From Insurance Contracts | €7.3M | €6.9M |
| Assets Under Reinsurance Ceded | €1.3M | €1.1M |
| Balances On Demand Deposits From Customers | €1.1M | €1.4M |
| Balances On Term Deposits From Customers | €1.3M | €1.3M |
| Bank Overdrafts Classified As Cash Equivalents | €600.2K | €340.4K |
| Basic and Diluted Earnings Loss Per Share | €-0.37 | €0.18 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €1.5M | €1.5M |
| Cash Flows From Used In Operations Before Changes In Working Capital | €229.6K | €348.0K |
| Changes In Equity | €2.9M | — |
| Claims and Benefits Paid Net of Reinsurance Recoveries | €8.0M | €7.7M |
| Comprehensive Income Attributable To Owners of Parent | -€191.0K | €325.5K |
| Current Financial Assets At Fair Value Through Profit Or Loss | €2.7M | €2.3M |
| Current Provisions | €16.8M | €15.4M |
| Current Secured Bank Loans Received and Current Portion of Noncurrent Secured Bank Loans Received | €275.6K | €384.0K |
| Current Tax Liabilities Current | €55.8K | €55.9K |
| Deferred Acquisition Costs Arising From Insurance Contracts | €3.0M | €2.8M |
| Depreciation Rightofuse Assets | €223.7K | €226.2K |
| Dividends Received Classified As Operating Activities | €10.4K | €9.4K |
| Equity and Liabilities | €37.5M | €36.3M |
| Expense Arising From Insurance Contracts | €16.0M | €15.2M |
| Expenses Arising From Reinsurance Held | €1.8M | €1.6M |
| Fee and Commission Income | €1.0M | €930.0K |
| Gains Losses On Availableforsale Financial Assets | -€8.4K | €0 |
| Gains Losses On Financial Assets At Fair Value Through Profit Or Loss | -€29.6K | €23.9K |
| Gains Losses On Heldtomaturity Investments | €39.8K | €86.7K |
| Gains Losses On Remeasuring Availableforsale Financial Assets Net of Tax | €25.3K | €29.7K |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Trade Receivables | €118.7K | €0 |
| Income Arising From Insurance Contracts | €15.7M | €15.7M |
| Income From Contracts With Reinsurers | €211.6K | €153.6K |
| Income Taxes Paid Refund Classified As Operating Activities | €8.7K | €8.1K |
| Increase Decrease In Accumulated Deferred Tax Recognised In Other Comprehensive Income Due To Change In Tax Rate | €24.4K | €26.3K |
| Increase Decrease In Cash and Cash Equivalents | €47.0K | -€3.5M |
| Increase Decrease In Deferred Acquisition Costs Arising From Insurance Contracts | -€219.6K | -€333.3K |
| Increase Decrease In Provision For Unearned Premium | €958.8K | €544.7K |
| Intangible Assets Other Than Goodwill | €42.1K | €99.1K |
| Interest Paid Classified As Operating Activities | €125.4K | €114.8K |
| Interest Received Classified As Investing Activities | €40.8K | €84.9K |
| Investment Income | €372.3K | €864.5K |
| Investment Property | €9.4M | €9.0M |
| Issued Capital | €3.3M | €17.0M |
| Liabilities | €27.5M | €29.0M |
| Liabilities Arising From Insurance Contracts | €3.0M | €3.6M |
| Net Earned Premium | €14.3M | €13.9M |
| Noncurrent Financial Assets Availableforsale | €3.7M | €3.5M |
| Noncurrent Heldtomaturity Investments | €0 | €315.8K |
| Noncurrent Payables To Related Parties | €303.0K | €1.7M |
| Noncurrent Portion of Noncurrent Secured Bank Loans Received | €398.7K | €673.7K |
| Noncurrent Provisions | €4.4M | €4.8M |
| Other Cash Receipts From Sales of Equity Or Debt Instruments of Other Entities Classified As Investing Activities | €410.1K | €0 |
| Other Comprehensive Income | €196.4K | €169.5K |
| Other Comprehensive Income Net of Tax Gains Losses On Revaluation | €195.5K | €166.2K |
| Proceeds From Disposal Or Maturity of Availableforsale Financial Assets | €518.7K | €0 |
| Proceeds From Sales of Investment Property | €10.0K | €170.0K |
| Purchase of Availableforsale Financial Assets | €731.0K | €1.8M |
| Purchase of Investment Property | €530.6K | €1.7K |
| Revenue From Insurance Contracts Issued Without Reduction For Reinsurance Held | €16.9M | €15.9M |
| Rightofuse Assets Increase Decrease In Revaluation Surplus | €14.5K | €225.4K |
Methodology
Every line item above is a fact tagged in MINERVA INSURANCE COMPANY PUBLIC LIMITED's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.