MAPFRE, S.A. 1 st HALF 2012 ANNEX III INSURANCE COMPANIES 1 st HALF-YEARLY FINANCIAL REPORT CORRESPONDING TO YEAR 2013 END OF REPORTING PERIOD 30/06/2013 I. ISSUER IDENTIFICATION INFORMATION Corporate name: MAPFRE, S.A. Legal address: Carretera de Pozuelo, 52. 28222 Majadahonda (MADRID) TAX ID A-08055741 II. COMPLEMENTARY INFORMATION TO PREVIOUSLY RELEASED REGULATORY FILINGS Explanation of the main changes with respect to previously filed information: (only to be completed for those conditions stipulated in section B) of the instructions) A-1
MAPFRE, S.A. 1 st HALF 2012 III. DECLARATION(S) OF PERSONS ASSUMING REPONSABLITY FOR THE INFORMATION As far as we are aware, the summary financial annual accounts contained herein, which have been prepared in accordance with the applicable accounting standards, give a true and fair view of the equity, financial situation and results of the company, or those companies included in the consolidation taken as a whole, while the interim management report includes a true and fair analysis of the information required Observations with respect to previously filed information Possible commentaries with respect previous texts. Person(s) who assume(s) responsibility for this information In conformity with the powers delegated by the Board of Directors, the Secretary of the Board certifies that the half yearly financial information has been signed by the directors. Name/Company name MR. ANTONIO HUERTAS MEJÍAS MR. ESTEBAN TEJERA MONTALVO MR. FRANCISCO VALLEJO VALLEJO MR. ANTONIO NÚÑEZ TOVAR MR. IGNACIO BAEZA GÓMEZ MR. RAFAEL BECA BORREGO MS. ADRIANA CASADEMONT I RUHÍ MR. RAFAEL CASAS GUTIÉRREZ MR. RAFAEL FONTOIRA SURIS MR. JOSÉ IGNACIO GOIRIGOLZARRI TELLAECHE MR. LUIS HERNANDO DE LARRAMENDI MARTÍNEZ MR. LUIS ITURBE SANZ DE MADRID MR. ANDRÉS JIMÉNEZ HERRADÓN MR. MANUEL LAGARES GÓMEZ-ABASCAL MR. ALBERTO MANZANO MARTOS MR. RAFAEL MÁRQUEZ OSORIO MS. MARÍA FRANCISCA MARTÍN TABERNERO MR. ANTONIO MIGUEL-ROMERO DE OLANO MR. FILOMENO MIRA CANDEL MR. ESTEBAN PEDRAYES LARRAURI MR. ALFONSO REBUELTA BADÍAS MR. MATÍAS SALVÁ BENNASAR Position Chairman 1 st Vice Chairman 2 nd Vice Chairman 3 rd Vice Chairman 4 th Vice Chairman Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Date of signing of this half-yearly information by the corresponding administrative body: 25/07/2013 A-2
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 A-3
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 A-4
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 2. INDIVIDUAL PROFIT AND LOSS ACCOUNT (Prepared in accordance with current national accounting criteria) Thousands Euros CURRENT PERIOD PRIOR PERIOD ACCUMULATED CURRENT YEAR ACCUMULATED PRIOR YEAR 2nd HALF 2nd HALF 30/06/2013 30/06/2012 (+) 1. Net w ritten premiums 201 (+) 2. Income from tangible assets and investments 202 (+) 3. Other technical income 203 (-) 4. Net claims incurred 204 (+/-) 5. Net variation of other technical provisions 205 (+/-) 6. Profit sharing and returned premiums 206 (-) 7. Net operating expenses 207 (+/-) 8. Other technical expenses 209 (-) 9. Expenses from tangible assets and investments 210 A) TECHNICAL RESULT FROM NON-LIFE OPERATIONS (1+ 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9) 220 (+) 10. Net w ritten premiums 221 (+) 11. Income from tangible assets and investments 222 (+) 12. Income from investments on account of the life policyholders bearing the investment risk 223 (+) 13. Other technical income 224 (-) 14. Net claims incurred 225 (+/-) 15. Net variation of other technical provisions 226 (+/-) 16. Profit sharing and returned premiums 227 (-) 17. Net operating expenses 228 (+/-) 18. Other technical expenses 229 (-) 19. Expenses from tangible assets and investments 230 (-) 20. Expenses from investments on account of the life policyholders bearing the investment risk 231 B) TECHNICAL RESULT FROM LIFE OPERATIONS (10 + 11 + 12 + 13 + 14 + 15 + 16 + 17 + 18 + 19 + 20) 240 C) TECHNICAL RESULT (A + B) 245 (+) 21. Income from tangible assets and investments 246 61,137 239,846 (+) 22. Negative difference on business combinations 250 (-) 23. Expenses from tangible assets and investments 247 (62,677) (47,065) (+) 24. Other income 248 28,197 29,628 (-) 25. Other expenses 249 (46,193) (45,552) E) RESULT BEFORE TAX (C + 21 + 22 + 23 + 24 + 25) 265 (19,536) 176,857 (+/-) 26. Corporate Income Tax 270 20,862 16,995 F) RESULT BEFORE TAX FROM ONGOING OPERATIONS (E + 26) 280 1,326 193,852 (+/-) 27. Result after tax from discontinued operations 285 G) RESULT OF THE YEAR (F + 27) 300 1,326 193,852 EARNINGS PER SHARE Amount (X,XX euros) Amount (X,XX euros) Amount (X,XX euros) Amount (X,XX euros) Reported 290 0.00 0.06 Diluted 295 0.00 0.06 A-5
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 3. STATEMENT OF RECOGNISED INCOME AND EXPENSES (Prepared in accordance with current national accounting criteria) Thousands Euros CURRENT PERIOD PRIOR PERIOD 30/06/2013 30/06/2012 A) RESULT FOR THE PERIOD 305 1,326 193,852 B) OTHER RECOGNISED INCOME / (EXPENSES) 310 1. Financial assets available for sale: 315 a) Gains/(Losses) due to valuation 316 b) Amounts recognised in results 317 c) Other reclassifications 318 2. Cash flow hedging: 320 a) Gains/(Losses) due to valuation 321 b) Amounts recognised in results 322 c) Amounts recognised at historical value of paid up items 323 d) Other reclassifications 324 3. Hedging of net investments in businesses abroad: 325 a) Gains/(Losses) due to valuation 326 b) Amounts recognised in results 327 c) Other reclassifications 328 4. Translation differences 330 a) Gains/(Losses) due to valuation 331 b) Amounts recognised in results 332 c) Other reclassifications 333 5. Correction of shadow accounting: 335 a) Gains/(Losses) due to valuation 336 b) Amounts recognised in results 337 c) Other reclassifications 338 6. Assets held for sale: 340 a) Gains/(Losses) due to valuation 341 b) Amounts recognised in results 342 c) Other reclassifications 343 7. Actuarial gains/(losses) due to personnel long term incentives 345 8. Other recognised income and expenses 355 9. Corporate Income Tax 360 TOTAL RECOGNISED INCOME/(EXPENSES) (A+B) 400 1,326 118,468 A-6
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 4. CHANGES IN INDIVIDUAL EQUITY (1/2) Prepared in accordance with current national accounting criteria Thousands Euros CURRENT PERIOD Capital or mutual fund Share premium and other reserves (1) Equity Shares and participations in equity Result for the period Other equity instruments Adjustments for changes in value Subsidies, donations and inheritances recieved Total Equity Balance as at 01/01/2013 3010 307,955 6,385,367 405,452 7,098,774 Adjustments for changes in accounting criteria 3011 Adjustments for errors 3012 Adjusted opening balance 3015 307,955 6,385,367 405,452 7,098,774 I. Total recognised income / (expenses) 3020 1,326 1,326 II. Operations w ith shareholders or owners 3025 (215,569) (215,569) 1. Increases (Reductions) in capital 3026 2. Conversion of financial liabilities to equity 3027 3. Distribution of dividends 3028 (215,569) (215,569) 4. Operations involving treasury stock or particicpations in equity (net) 3029 5. Increases / (Decreases) due to changes in business combinations 3030 6. Other operatiosn w ith shareholders or ow ners 3032 III. Other variations in equity 3035 405,452 (405,452) 0 1. Payments using equity instruments 3036 2. Transfers betw een equity classes 3037 405,452 (405,452) 0 3. Other variations 3038 Balance as at 30/06/2013 3040 307,955 6,575,250 1,326 6,884,531 A-7
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 4. CHANGES IN INDIVIDUAL EQUITY (2/2) Prepared in accordance with current national accounting criteria Thousands Euros PRIOR PERIOD Capital or mutual fund Share premium and other reserves (1) Equity Shares and participations in equity Result for the period Other equity instruments Adjustments for changes in value Subsidies, donations and inheritances recieved Total Equity Balance as at 01/01/2012 3050 307,955 6,435,636 321,570 7,065,161 Adjustments for changes in accounting criteria 3051 Adjustments for errors 3012 Adjusted opening balance 3055 307,955 6,435,636 321,570 7,065,161 I. Total recognised income / (expenses) 3060 193,852 193,852 II. Operations w ith shareholders or owners 3065 (246,364) (246,364) 1. Increases (Reductions) in capital 3066 2. Conversion of financial liabilities to equity 3067 3. Distribution of dividends 3068 (246,364) (246,364) 4. Operations involving treasury stock or particicpations in equity (net) 3069 5. Increases / (Decreases) due to changes in business combinations 3070 6. Other operatiosn w ith shareholders or ow ners 3072 III. Other variations in equity 3075 75,197 (75,206) (9) 1. Payments using equity instruments 3076 2. Transfers betw een equity classes 3077 75,206 (75,206) 0 3. Other variations 3078 (9) (9) Balance as at 30/06/2012 3080 307,955 6,510,833 193,852 7,012,640 A-8
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 A-9
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 6. CONSOLIDATED BALANCE SHEET (1/2) IFRS Thousands Euros CURRENT PERIOD PRIOR PERIOD ASSETS 30/06/2013 31/12/2012 1. Cash and other equivalent liquid assets 1005 1,010,818 1,018,041 2. Financial assets held for negotiation 1010 3,050,992 2,944,555 3. Other financial assets at reasonable value, w ith changes in profit and loss account 1015 3,126,671 2,930,699 4. Financial assets available for sale 1020 28,762,967 28,372,246 5. Loans and amounts due 1025 7,441,288 6,268,261 6. Investments held to maturity 1030 1,423,010 1,373,346 7. Hedging derivatives 1035 0 8. Participation of Reinsurance in technical provisions 1041 3,201,130 3,275,832 9. Tangible assets and investments: 1045 2,726,704 2,721,101 a) Tangible assets 1046 1,431,861 1,434,866 b) investments in property, plant and equipment 1047 1,294,843 1,286,235 10. Intangible assets 1050 4,317,655 4,410,357 a) Goodw ill 1051 2,136,865 2,146,158 b) Acquistion costs of portfolios of policies 1053 1,723,474 1,856,019 c) Other intangible assets 1052 457,316 408,180 11. Participation in companies valued using equity method 1055 113,561 92,982 12. Tax assets 1060 1,348,393 1,476,793 a) Current tax assets 1061 146,852 240,522 b) Deferred tax assets 1062 1,201,541 1,236,271 13. Other assets 1075 2,034,792 1,811,762 14. Assets held for sale 1080 8,963 287,219 TOTAL ASSETS 1100 58,566,944 56,983,194 A-10
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 Thousands Euros IV. SELECTED FINANCIAL INFORMATION 6. CONSOLIDATED BALANCE SHEET (2/2) IFRS CURRENT PERIOD PRIOR PERIOD LIABILITIES AND EQUITY 30/06/2013 31/12/2012 TOTAL LIABILITIES 1170 48,345,560 46,846,863 1. Financial liabilities held for negotiation 1110 233 2. Other financial liabilities at reasonable value, w ith changes in profit and loss account 1115 7,875 9,950 3. Debits 1120 5,893,533 5,225,763 a) Subordinated liabilities 1121 616,739 605,604 b) Bonds and other negotiable securities 1122 1,148,386 1,151,153 c) Debits w ith credit institutions 1123 196,757 151,275 d) Other debits 1124 3,931,651 3,317,731 4. Hedging derivatives 1130 5. Technical provisions 1131 39,120,179 37,975,976 a) for unearned premiums 1132 7,630,848 7,264,873 b) for risks in progress 1133 18,444 10,276 c) for life assurance 1134 22,881,018 21,950,877 d) for outstanding claims 1135 7,926,920 8,118,984 e) for profit sharing and returned premiums 1136 61,143 59,557 f) other technical provisions 1137 601,806 571,409 6. Non technical provisions 1140 1,019,716 1,054,017 7. Tax liabilities 1145 1,894,589 2,048,976 a) Current tax liabilities 1146 195,183 275,908 b) Deferred tax liabilities 1147 1,699,406 1,773,068 8. Other liabilities 1150 409,435 312,869 9. Liabilities linked to assets held for sale 1165 219,312 TOTAL NET EQUITY 1195 10,221,384 10,136,331 SHARE EQUITY 1180 8,153,282 7,949,922 1. Share capital or mutual fund 1171 307,955 307,955 a) Declared capital or mutual fund 1161 307,955 307,955 b) less: capital not called-up 1162 2. Share premium reserve 1172 1,506,729 1,506,729 3. Reserves 1173 5,097,950 4,808,108 4. Less: treasury stock and participation in equity 1174 5. Prior years results 1178 784,626 784,626 6. Other contributions from partners and mutual members 1179 7. Profit and loss of the year attributable to the controlling company 1175 456,020 665,686 8 Less: interim dividend 1176 (123,182) 9. Other equity instruments 1177 VALUATION ADJUSTMENTS 1188 (285,468) (139,424) 1. Financial assets available for sale 1181 375,528 95,866 2. Hedging operations 1182 3. Translation differences 1184 (352,422) (198,636) 4. Correction of shadow accounting 1185 (311,136) (39,240) 5. Companies valued using equity method 1186 894 875 6. Other adjustments 1187 1,670 1,711 TOTAL LIABILITIES AND EQUITY ATTRIBUTABLE TO THE CONTROLLING COMPANY 1189 7,867,814 7,810,498 MINORITY INTERESTS 1193 2,353,570 2,325,833 1. Adjustments for changes in value 1191 (282,488) (179,813) 2. Other 1192 2,636,058 2,505,646 TOTAL LIABILITIES AND NET EQUITY 1200 58,566,944 56,983,194 A-11
Thousands Euros IV. SELECTED FINANCIAL INFORMATION 7. CONSOLIDATED PROFIT AND LOSS ACCOUNT IFRS CURRENT PERIOD PRIOR PERIOD ACCUMULATED CURRENT YEAR SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 ACCUMULATED PRIOR YEAR 2nd HALF 2nd HALF 30/06/2013 30/06/2012 (+) 1. Net w ritten premiums 1201 6,567,917 6,585,524 (+) 2. Income from tangible assets and investments 1202 772,588 708,339 (+) 3. Other technical income 1203 27,492 25,042 (-) 4. Net claims incurred 1204 (4,367,409) (4,422,522) (+/-) 5. Net variation of other technical provisions 1205 (46,089) (13,352) (+/-) 6. Profit sharing and returned premiums 1206 (3,293) 478 (-) 7. Net operating expenses 1207 (1,811,080) (1,829,436) (+/-) 8. Other technical expenses 1209 (43,411) 52,759 (-) 9. Expenses from tangible assets and investments 1210 (456,994) (429,646) A) TECHNICAL RESULT FROM NON-LIFE OPERATIONS (1+ 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9) 1220 639,721 571,728 (+) 10. Net w ritten premiums 1221 2,670,844 2,573,750 (+) 11. Income from tangible assets and investments 1222 787,696 813,727 (+) 12. Income from investments on account of the life policyholders bearing the investment risk 1223 60,931 69,111 (+) 13. Other technical income 1224 11,928 26,707 (-) 14. Net claims incurred 1225 (2,143,273) (2,151,069) (+/-) 15. Net variation of other technical provisions 1226 (214,070) (147,390) (+/-) 16. Profit sharing and returned premiums 1227 (22,558) (31,451) (-) 17. Net operating expenses 1228 (545,373) (511,034) (+/-) 18. Other technical expenses 1229 (7,116) (9,212) (-) 19. Expenses from tangible assets and investments 1230 (297,309) (282,978) (-) 20. Expense from investments on account of the life policyholders bearing the investment risk 1231 (20,149) (36,625) B) TECHNICAL RESULT FROM LIFE OPERATIONS (10 + 11 + 12 + 13 + 14 + 15 + 16 + 17 + 18 + 19 + 20) 1240 281,551 313,536 C) TECHNICAL RESULT (A + B) 1245 921,272 885,264 (+) 21. Income from tangible assets and investments 1246 45,594 22,756 (+) 22. Negative consolidation differences 1250 (-) 23. Expenses from tangible assets and investments 1247 (79,872) (53,969) (+) 24. Other income 1248 289,234 273,102 (-) 25. Other expenses 1249 (309,742) (303,369) E) RESULT BEFORE TAX (C + 21 + 22 + 23 + 24 + 25) 1265 866,486 823,784 (+/-) 26. Corporate Income Tax 1270 (240,921) (243,365) F) RESULT BEFORE TAX FROM ONGOING OPERATIONS (E + 26) 1280 625,565 580,419 (+/-) 27. Result after tax from discontinued operations 1285 G) RESULT FOR THE PERIOD (F + 27) 1288 625,565 580,419 a) Result attributable to the controlling company 1300 456,020 434,221 b) Result attributable to minority interests 1289 169,545 146,198 EARNINGS PER SHARE Amount (X,XX euros) Amount (X,XX euros) Amount (X,XX euros) Amount (X,XX euros) Reported 1290 0.15 0.14 Diluted 1295 0.15 0.14 A-12
IV. SELECTED FINANCIAL INFORMATION 8. STATEMENT OF RECOGNISED INCOME AND EXPENSES IFRS SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 Thousands Euros CURRENT PERIOD PRIOR PERIOD 30/06/2013 30/06/2012 A) CONSOLIDATED PROFIT AND LOSS OF THE YEAR 1305 625,565 580,419 B) OTHER INCOME / (EXPENSES) RECOGNISED 1310 (248,708) (237,368) 1. Financial assets available for sale: 1315 504,920 (485,130) a) Gains/(Losses) due to valuation 1316 556,402 (491,793) b) Amounts recognised in results 1317 (52,107) 7,801 c) Other reclassifications 1318 625 (1,138) 2. Cash flow hedging: 1320 a) Gains/(Losses) due to valuation 1321 b) Amounts recognised in results 1322 c) Amounts recognised at historical value of paid up items 1323 d) Other reclassifications 1324 3. Hedging of net investments in businesses abroad: 1325 a) Gains/(Losses) due to valuation 1326 b) Amounts recognised in results 1327 c) Other reclassifications 1328 4. Transaltion differences: 1330 (261,049) (127,304) a) Gains/(Losses) due to valuation 1331 (314,300) (113,461) b) Amounts recognised in results 1332 (630) (2,034) c) Other reclassifications 1333 53,881 (11,809) 5. Correction of shadow accounting: 1335 (487,227) 318,986 a) Gains/(Losses) due to valuation 1336 (500,380) 318,635 b) Amounts recognised in results 1337 13,413 351 c) Other reclassifications 1338 (260) 6. Assets held for sale: 1340 a) Gains/(Losses) due to valuation 1341 b) Amounts recognised in results 1342 c) Other reclassifications 1343 7. Actuarial gains/(losses) due to personnel long term incentives 1345 40 8. Other recognised income and expenses 1350 11 643 a) Gains/(Losses) from valuation 1351 (73) 558 b) Amounts transferred to the profit and loss account 1352 c) Other reclassifications 1353 84 85 9. Other income and expenses 1355 (293) 22 10. Corporate Income Tax 1360 (5,110) 55,415 TOTAL RECOGNISED INCOME/(EXPENSES) (A+B) 1400 (376,857) 343,051 a) Attributable to the controlling company 1398 309,978 338,338 b) Attributable to minority interests 1399 66,879 4,713 A-13
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 9. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (1/2) IFRS Thousands Euros CURRENT PERIOD Capital or mutual fund Share premium and other reserves(1) Equity of the controlling company Equity Shares and participations in equity Result for the period Other equity instruments Adjustments for changes in value Minority interests Total equity Balance as at 01/01/2013 3110 307,955 6,976,281 665,686 (139,424) 2,325,833 10,136,331 Adjustments for changes in accounting criteria 3111 Adjustments for errors 3112 Adjusted opening balance 3115 307,955 6,976,281 665,686 (139,424) 2,325,833 10,136,331 I. Total income / (expenses) recognised 3120 456,022 (146,044) 66,879 376,857 II. Operations w ith shareholders or ow ners 3125 (223,459) (39,490) (262,949) 1. Increases (Reductions) in capital 3126 2. Conversion of financial liabilities to equity 3127 3. Dividend distributions 3128 (215,569) (39,277) (254,846) 4. Operations w ith treasury stock or participations in equity (net) 3129 5. Increases / (Decreases) due to changes in business combinations 3130 (775) (775) 6. Other operations w ith shareholders or ow ners 3132 (7,115) (213) (7,328) III. Other variations in equity 3135 636,483 (665,686) 348 (28,855) 1. Payments based on equity instruments 3136 2. Transfers betw een equity items 3137 665,686 (665,686) 0 3. Other variations 3138 (29,203) 348 (28,855) Final Balance as at 30/06/2013 3140 307,955 7,389,305 456,022 (285,468) 2,353,570 10,221,384 (1) The column "Share premium and other reserves", for the purpose of this statement, includes the following items of the net equity: 2) Share premium reserve; 3) Reserves; 5) Prior year result; 6) Other contributions from partners and 8) Less: interim dividend A-14
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 9. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (2/2) IFRS Thousands Euros PRIOR PERIOD Capital or mutual fund Share premium and other reserves(1) Equity of the controlling company Equity Shares and participations in equity Result for the period Other equity instruments Adjustments for changes in value Minority interests Total equity Balance as at 01/01/2012 (comparison period) 3150 307,955 6,161,213 962,960 (389,203) 2,683,732 9,726,657 Adjustments for changes in accounting criteria 3151 Adjustments for errors 3152 Adjusted opening balance 3155 307,955 6,161,213 962,960 (389,203) 2,683,732 9,726,657 I. Total income / (expenses) recognised 3160 434,221 (95,883) 4,713 343,051 II. Operations w ith shareholders or ow ners 3165 (231,942) (73,438) (305,380) 1. Increases (Reductions) in capital 3166 2. Conversion of financial liabilities to equity 3167 3. Dividend distributions 3168 (246,364) (127,949) (374,313) 4. Operations w ith treasury stock or participations in equity (net) 3169 5. Increases / (Decreases) due to changes in business combinations 3170 21,567 137,441 159,008 6. Other operations w ith shareholders or ow ners 3172 (7,145) (82,930) (90,075) III. Other variations in equity 3175 1,011,863 (962,960) 2 (50,211) (1,306) 1. Payments based on equity instruments 3176 2. Transfers betw een equity items 3177 962,960 (962,960) 0 3. Other variations 3178 48,903 2 (50,211) (1,306) Final Balance as at 30/06/2012 (comparison period) 3180 307,955 6,941,134 434,221 (485,084) 2,564,796 9,763,022 (1) The column "Share premium and other reserves", for the purpose of this statement, includes the following items of the net equity: 2) Share premium reserve; 3) Reserves; 5) Prior year result; 6) Other contributions from partners and 8) Less: interim dividend A-15
Thousands Euros IV. SELECTED FINANCIAL INFORMATION 10.A. CONSOLIDATED CASH FLOW STATEMENT (DIRECT METHOD) IFRS SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 CURRENT PERIOD PRIOR PERIOD 30/06/2013 30/06/2012 A) NET CASH FLOW FROM OPERATING ACTIVITIES (1 + 2 + 3) 8435 217,894 1,058,728 1. Insurance activities: 8405 337,265 1,090,123 (+) Inflow s from insurance activities 8406 10,014,539 10,677,751 (-) Outflow s from insurance activities 8407 (9,677,274) (9,587,628) 2. Other operating activities: 8410 101,226 203,108 (+) Other operating activities cash inflow s 8415 363,254 356,257 (-) Other operating activities cash outflow s 8416 (262,028) (153,149) 3. Inflow s/(outflow s) due to corporate income tax 8425 (220,597) (234,503) B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (1 + 2) 8460 65,596 (628,321) 1. Inflow s from investment activities: 8450 9,666,893 7,940,148 (+) Tangible assets 8451 8,125 13,692 (+) Investments in property, plant and equipment 8452 19,692 16,876 (+) Intangible assets 8453 1,738 1,725 (+) Financial instruments 8454 8,997,374 7,124,447 (+) Participations 8455 70,134 64,436 (+) Dependent companies and other business units 8457 0 0 (+) Receivable interests 8456 496,327 546,146 (+) Receivable dividends 8459 39,264 64,625 (+) Other income related to investment activities 8458 34,239 108,201 2. Payments related to investment activities: 8440 (9,601,297) (8,568,469) (-) Tangible assets 8441 (53,344) (38,302) (-) Investments in property, plant and equipment 8442 (37,038) (11,131) (-) Intangible assets 8443 (60,283) (44,783) (-) Financial instruments 8444 (9,202,333) (8,266,033) (-) Participations 8445 (216,604) (31,120) (-) Dependent companies and other business units 8447 (61,087) (-) Other payments related to investment activities 8448 (31,695) (116,013) C) NET CASH FLOW FROM FINANCING ACTIVITIES (1 + 2) 8490 (209,304) (660,880) 1. Inflow s from financing activities: 8480 190,008 96,865 (+) Subordinated liabilities 8481 (+) Inflow s from the issue of equity instruments and capital increases 8482 (+) Capital contributions from ow ners or mutual members 8483 (+) Sale of treasury stock 8485 (+) Other income related to financing activities 8486 190,008 96,865 2. Payments related to financing activities: 8470 (399,312) (757,745) (-) Dividends 8471 (222,329) (327,643) (-) Interests 8475 (12,739) (24,196) (-) Subordinated liabilities 8472 (5,500) (-) Capital contributions returned to shareholders 8473 (-) Capital contributions returned to ow ners or mutual members 8474 (-) Acquisition of treasury stock 8477 (-) Other payments related to financing activities 8478 (158,744) (405,906) D) TRANSALTION DIFFERENCES IN CASH FLOW 8492 (81,409) (93,911) E) NET INCREASE / (DECREASE) IN CASH FLOW (A + B + C + D) 8495 (7,222) (324,384) F) OPENING CASH BALANCE AND EQUIVALENTS 8499 1,018,041 1,254,350 G) CLOSING CASH BALANCES AND EQUIVALENTS (E + F) 8500 1,010,818 929,966 COMPONENTS OF CASH FLOW AND EQUIVALENTS AT PERIOD END CURRENT PERIOD PRIOR PERIOD 30/06/2013 30/06/2012 (+) Cash and banks 8550 855,378 778,254 (+) Other financial assets 8552 155,440 117,448 (-) Less: Bank overdrafts payable on demand 8553 34,264 TOTAL CLOSING CASH FLOW AND EQUIVALENTS 8600 1,010,818 929,966 A-16
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 11. CHANGES IN THE GROUP'S COMPOSITION Table 1: BUSINESS COMBINATIONS OR OTHER ACQUISITIONS OR INCREASE IN STAKES IN DEPENDENT COMPANIES, JOINT VENTURES AND/OR INVESTMENTS IN ASSOCIATED UNDERTAKINGS (CURRENT PERIOD) Name of the company (or segment of business) acquired or merged Category Effective date of the operation (dd-mm-yr) Net amount paid for acquisition + other costs directly related to combination (a) HIJOS DE LUIS SANTOS, S.L. Dependent 01/04/2013 2,550 Net cost of combination (a)+ (b) (Eur '000s)) Fair Value of net worth instruments issued for the acquisition (b) % voting rights acquired % total voting rights in the company post acquisition 0 100.00 100.00 FUNERARIAS REUNIDAS DEL BIERZO, S.A. Dependent 01/04/2013 4,950 0 100.00 100.00 AGROSEGURO, S.A. Dependent 01/05/2013 MAPFRE SAUDE LTDA. Dependent 01/05/2013 957 0 0.13 20.07 2,422 0 100.00 100.00 Table 2: DECREASE OF STAKES IN DEPENDENT COMPANIES, JOINT VENTURES AND/OR INVESTMENTS IN ASSOCIATED UNDERTAKINGS OR OPERATIONS OF A SIMILAR NATURE (CURRENT PERIOD) Name of the company (or segment of business) sold, separated or discontinued Category Effective date of the operation (dd-mm-yr) % voting rights sold or discontinued % total voting rights in the company post sale Gain/(Loss) generated (Eur 000's) MAPFRE URUGUAY, S.A. Dependent 01.01.2013 100.00 0.00 SOLUNION SEGUROS DE CRÉDITO, S.A. Joint business 01.01.2013 50.00 50.00 12,686 MAPFRE ARGENTINA A.R.T. Dependent 01.02.2013 100.00 0.00 MAPFRE SALUD, S.A. Dependent 01.02.2013 100.00 0.00 SALZILLO SERVICIOS FUNERARIOS, S.L. Dependent 01.04.2013 24.00 76.00 A-17
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 12. DIVIDENDS PAID As % of nominal value CURRENT PERIOD Euros per share (X,XX) Amount (Eur 000's) As % of nominal value PRIOR PERIOD Euros per share (X,XX) Amount (Eur 000's) Ordinary shares 2158 70.00 0.07 215,569 80.00 0.08 246,364 Other shares (non-voting, reedemable, etc) 2159 Total dividendos paid 2160 215,569 246,364 a) Dividends paid out against results 2155 70.00 0.07 215,569 80.00 0.08 246,364 b) Dividends paid out against reserves or share premium reserve 2156 c) Dividends in kind 2157 Thousands Euros IV. SELECTED FINANCIAL INFORMATION 13. ISSUE, REPURCHASE OR REIMBURSEMENT OF DEBT INSTRUMENTS ISSUES CARRIED OUT BY THE COMPANY (AND/OR GROUP) Balance brought forward (+) Issued CURRENT PERIOD (-) Repurchase or reimbursement (+/-) Adjustments for translation effect and others Balance carried forward Debt issued w ithin a Member State of the European Union, w hich has required the prior filing of a prospectus 2191 1,001,816 26,149 1,027,965 Debt issued w ithin a Member State of the European Union, w hich has not required the prior filing of a prospectus 2192 Other debt issued outw ith a Member State of the European Union 2193 149,337 (28,916) 120,421 TOTAL 2200 1,151,153 (2,767) 1,148,386 PRIOR PERIOD Debt issued w ithin a Member State of the European Union, w hich has required the prior filing of a prospectus 4191 Balance brought forward (+) Issued (-) Repurchase or reimbursement (+/-) Adjustments for translation effect and others Balance carried forward Debt issued w ithin a Member State of the European Union, w hich has not required the prior filing of a prospectus 4192 Other debt issued outw ith a Member State of the European Union 4193 157,390 4,418 161,808 TOTAL 4200 157,390 4,418 161,808 CURRENT PERIOD GUARANTEED ISSUANCES Debt issued w hich has been guaranted by the Group (amount guaranteed) 2195 Balance brought forward (+) Issued (-) Cancelled (+/-) Adjustments for translation effect and others Balance carried forward PRIOR PERIOD Debt issued w hich has been guaranted by the Group (amount guaranteed) 4195 Balance brought forward (+) Issued (-) Cancelled (+/-) Adjustments for translation effect and others Balance carried forward A-18
IV. SELECTED FINANCIAL INFORMATION 14. BREAKDOWN OF FINANCIAL INSTRUMENTS BY NATURE AND CATEGORY (1/2) SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 Thousands Euros FINANCIAL ASSETS: NATURE/CATEGORY Trading portfolio Other financial assets held at RV, with changes in P&L account CURRENT PERIOD Available for sale Loans and amounts due Held to maturity Derivatives 2062 Equity instruments 2063 Debt instruments 2064 Hybrid instruments 2065 Loans 2066 471,036 Deposits established for accepted reinsurance and other deposits 2067 Credits on direct insurance, reinsurance and coinsurance operations 2068 Invesments on account of the life policyholders bearing the investment risk 2069 Other financial assets 2070 2 77,931 TOTAL (INDIVIDUAL) 2075 2 548,967 Derivatives 2162 260,596 Equity instruments 2163 70,302 295,792 1,631,526 Debt instruments 2164 2,720,094 651,109 27,019,377 1,417,006 Hybrid instruments 2165 693 Loans 2166 3,122 3,516 Deposits established for accepted reinsurance and other deposits 2167 342,141 Credits on direct insurance, reinsurance and coinsurance operations 2168 5,401,795 Invesments on account of the life policyholders bearing the investment risk 2169 2,178,719 Other financial assets 2170 358 108,942 1,697,352 2,488 TOTAL (CONSOLIDATED) 2175 3,050,992 3,126,671 28,762,967 7,441,288 1,423,010 FINANCIAL LIABILITIES: NATURE/CATEGORY Trading portfolio CURRENT PERIOD Other financial liabilities held at RV, with changes in P&L account Other liabilities and amount owing Derivatives 2076 Subordinated liabilities 2077 613,739 Deposits received on ceded reinsurance 2079 Debts from direct insurance, reinsurance and coinsurance operations 2080 Bonds and other negotiable instruments 2081 1,027,965 Debts w ith credit institutions 2082 50,013 Debts from preliminary insurance contracts operations 2083 Other financial liabilities 2084 659,597 TOTAL (INDIVIDUAL) 2090 2,351,314 Derivatives 2176 233 Subordinated liabilities 2177 616,739 Deposits received on ceded reinsurance 2179 181,147 Debts from direct insurance, reinsurance and coinsurance operations 2180 2,079,911 Bonds and other negotiable instruments 2181 1,148,386 Debts w ith credit institutions 2182 196,757 Debts from preliminary insurance contracts operations 2183 Other financial liabilities 2184 7,875 1,670,593 TOTAL (CONSOLIDATED) 2190 233 7,875 5,893,533 (RV: reasonable value; P&L account: profit and loss account) A-19
IV. SELECTED FINANCIAL INFORMATION 14. BREAKDOWN OF FINANCIAL INSTRUMENTS BY NATURE AND CATEGORY (2/2) SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 Thousands Euros PRIOR PERIOD FINANCIAL ASSETS: NATURE/CATEGORY Trading portfolio Other financial assets held at RV, w ith changes in P&L account Available for sale Loans and amounts due Held to maturity Derivatives 5062 Equity instruments 5063 Debt instruments 5064 Hybrid instruments 5065 Loans 5066 606,416 Deposits established for accepted reinsurance and other deposits 5067 Credits on direct insurance, reinsurance and coinsurance operations 5068 Invesments on account of the life policyholders bearing the investment risk 5069 Other financial assets 5070 9,737 TOTAL (INDIVIDUAL) 5075 9,737 606,416 Derivatives 5162 362,483 Equity instruments 5163 84,622 248,718 1,540,539 Debt instruments 5164 2,497,450 636,422 26,743,539 1,361,236 Hybrid instruments 5165 693 11,169 Loans 5166 6,806 2,063 Deposits established for accepted reinsurance and other deposits 5167 282,006 Credits on direct insurance, reinsurance and coinsurance operations 5168 4,398,309 Invesments on account of the life policyholders bearing the investment risk 5169 2,044,530 Other financial assets 5170 336 70,193 1,587,946 10,047 TOTAL (CONSOLIDATED) 5175 2,944,555 2,930,699 28,372,246 6,268,261 1,373,346 PRIOR PERIOD FINANCIAL LIABILITIES: NATURE/CATEGORY Trading portfolio Other financial liabilities held at RV, w ith changes in P&L account Other liabilities and amount owing Derivatives 5076 Subordinated liabilities 5077 597,104 Deposits received on ceded reinsurance 5079 Debts from direct insurance, reinsurance and coinsurance operations 5080 Bonds and other negotiable instruments 5081 1,001,816 Debts w ith credit institutions 5082 43 Debts from preliminary insurance contracts operations 5083 Other financial liabilities 5084 690,139 TOTAL (INDIVIDUAL) 5090 2,289,102 Derivatives 5176 Subordinated liabilities 5177 605,604 Deposits received on ceded reinsurance 5179 120,687 Debts from direct insurance, reinsurance and coinsurance operations 5180 1,654,937 Bonds and other negotiable instruments 5181 1,151,152 Debts w ith credit institutions 5182 151,275 Debts from preliminary insurance contracts operations 5183 1,170 Other financial liabilities 5184 9,950 1,540,938 TOTAL (CONSOLIDATED) 5190 9,950 5,225,763 (RV: reasonable value; P&L account: profit and loss account) A-20
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 15. INFORMATION BY SEGMENTS Thousands Euros Table 1: Distribution of net premiums attributed to current period, by geographical area GEOGRAPHICAL AREA CURRENT PERIOD INDIVIDUAL PRIOR PERIOD CONSOLIDATED CURRENT PERIOD PRIOR PERIOD Domestic market 2210 3,524,386 3,801,025 International: 2215 5,714,375 5,358,249 a) European Union 2216 562,326 625,690 b) O.E.C.D. countries 2217 1,810,694 1,512,575 c) Other countries 2218 3,341,355 3,219,984 TOTAL 2220 9,238,761 9,159,274 Table 2: Ordinary income CONSOLIDATED Ordinary income from external customers Ordinary income between segments Total ordinary income SEGMENTS CURRENT PERIOD PRIOR PERIOD CURRENT PERIOD PRIOR PERIOD CURRENT PERIOD PRIOR PERIOD LIFE 2221 2,887,411 2,768,817 2,887,411 2,768,817 MOTOR 2222 3,331,090 3,075,184 3,331,090 3,075,184 OTHER NON-LIFE 2223 4,208,969 4,166,317 244,778 243,535 4,453,747 4,409,852 REINSURANCE 2224 1,353,998 1,191,779 796,403 503,081 2,150,401 1,694,860 OTHER ACTIVITIES 2225 264,072 246,965 285,155 275,053 549,227 522,018 2226 2227 2228 2229 2230 (-) Ordinary income adjustments and eliminations betw een segments 2231 (1,326,336) (1,021,669) (1,326,337) (1,021,669) TOTAL 2235 12,045,540 11,449,062 0 0 12,045,540 11,449,062 Tabla 3: SEGMENTS LIFE MOTOR OTHER NON-LIFE REINSURANCE OTHER ACTIVITIES Total results of repoted segments (+/-) Results not assigned (+/-) Elimination of internal results (betw een segments) (+/-) Other results (+/-) Corporate income tax and/or discontinued operations result RESULT BEFORE TAX Results CONSOLIDATED CURRENT PERIOD PRIOR PERIOD 2250 264,580 220,709 2251 110,315 106,107 2252 269,478 252,730 2253 66,220 54,449 2254 (15,692) 243,191 2255 2256 2257 2258 2259 2260 694,901 877,186 2261 2262 (69,326) (296,767) 2263 2264 240,911 243,365 2270 866,486 823,784 A-21
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 16. AVERAGE WORK FORCE INDIVIDUAL CURRENT PRIOR PERIOD PERIOD CONSOLIDATED CURRENT PERIOD PRIOR PERIOD AVERAGE WORK FORCE 2295 343 324 35,529 34,465 Men 2296 174 158 16,336 15,988 Women 2297 169 166 19,193 18,477 A-22
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 18. TRANSACTIONS WITH INTERESTED PARTIES (1/2) Thousands Euros ASSOCIATED OPERATIONS EXPENSES AND INCOME Significant shareholders Board Members and Managers CURRENT PERIOD Persons, companies or entities connected to the Group Other interested parties 1) Financial expenses 2340 30,730 30,730 2) Management or contribution contracts 2341 10,510 10,510 3) Transfers of R+D and licencing agreements 2342 4) Leases 2343 14 14 5) Use of services 2344 6) Purchase of goods (partially or totally completed) 2345 7) Variation in value due to debts w ritten off or of doubtful recovery 2346 8) Loss from sale or w rite-off of assets 2347 9) Other expenses 2348 53 53 EXPENSES (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9) 2350 41,307 41,307 10) Financial income 2351 56,331 56,331 11) Management or contribution contracts 2352 1,535 1,535 12) Transfers of R+D and licencing agreements 2353 13) Dividends received 2354 14) Leases 2355 128 128 15) Service contract 2356 16) Sale of goods (partially or totally completed) 2357 17) Profit from sale of assets or w riteoff 2358 18) Other income 2359 INCOME (10 + 11 + 12 + 13 + 14 + 15 + 16 + 17 + 18) 2360 57,994 57,994 Total OTHER TRANSACTIONS Significant shareholders Board Members and Managers CURRENT PERIOD Persons, companies or entities connected to the Group Other interested parties Purchase of tangible, intangible and other assets 2371 9,715 9,715 Financial agreements: loans and capital contributions (lender) 2372 Financial lease contracts (lessor) 2373 Amortisation or cancellation of loans and lease contracts (lessor) 2377 Sale of tangible, intangible and other assets 2374 8,801 109,473 118,274 Financial agreements: loans and capital contributions (borrow er) 2375 20,000 67,963 87,963 Financial lease contracts (lessee) 2376 Amortisation or cancellation of loans and lease contracts (lessee) 2378 3,336 3,336 Guarantees given 2381 Guarantees received 2382 1,358 1,358 Commitments entered into 2383 Commitments/guarantees cancelled 2384 12 12 Dividends and other distribution of results 2386 171,788 7,119 178,907 Other operations 2385 Total A-23
SELECTED FINANCIAL INFORMATION MAPFRE, S.A. 1 st HALF 2012 IV. SELECTED FINANCIAL INFORMATION 18. TRANSACTIONS WITH INTERESTED PARTIES (2/2) Thousands Euros ASSOCIATED OPERATIONS EXPENSES AND INCOME Significant shareholders Board Members and Managers PRIOR PERIOD Persons, companies or entities connected to the Group Other interested parties 1) Financial expenses 6340 27,277 27,277 2) Management or contribution contracts 6341 9,415 9,415 3) Transfers of R+D and licencing agreements 6342 4) Leases 6343 13 13 5) Use of services 6344 6) Purchase of goods (partially or totally completed) 6345 7) Variation in value due to debts w ritten off or of doubtful recovery 6346 8) Loss from sale or w rite-off of assets 6347 9) Other expenses 6348 49 49 EXPENSES (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9) 6350 36,754 36,754 10) Financial income 6351 57,606 57,606 11) Management or contribution contracts 6352 1,801 1,801 12) Transfers of R+D and licencing agreements 6353 13) Dividends received 6354 14) Leases 6355 558 558 15) Service contract 6356 16) Sale of goods (partially or totally completed) 6357 17) Profit from sale of assets or w riteoff 6358 18) Other income 6359 INCOME (10 + 11 + 12 + 13 + 14 + 15 + 16 + 17 + 18) 6360 59,965 59,965 Total OTHER TRANSACTIONS Significant shareholders Board Members and Managers PRIOR PERIOD Persons, companies or entities connected to the Group Other interested parties Purchase of tangible, intangible and other assets 6371 248,213 248,213 Financial agreements: loans and capital contributions (lender) 6372 Financial lease contracts (lessor) 6373 Amortisation or cancellation of loans and lease contracts (lessor) 6377 Sale of tangible, intangible and other assets 6374 80,536 80,536 Financial agreements: loans and capital contributions (borrow er) 6375 56,789 56,789 Financial lease contracts (lessee) 6376 Amortisation or cancellation of loans and lease contracts (lessee) 6378 478 478 Guarantees given 6381 Guarantees received 6382 148 148 Commitments entered into 6383 Commitments/guarantees cancelled 6384 Dividends and other distribution of results 6386 196,103 14,981 211,084 Other operations 6385 Total A-24
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS INTERIM CONSOLIDATED MANAGEMENT REPORT STATEMENT OF RESPONSIBILITY 30th JUNE 2013 MAPFRE, S.A.
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 30th JUNE 2013 MAPFRE, S.A.
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 30th JUNE 2013 A) Consolidated balance sheet B) Consolidated statement of comprehensive income C) Consolidated statement of changes in equity D) Consolidated cash flow statement E) Notes explaining the condensed interim financial statements MAPFRE, S.A.
MAPFRE, S.A. AND CONTROLLED COMPANIES A) CONSOLIDATED BALANCE SHEET AS AT 30th JUNE 2013 AND 31st DECEMBER 2012 ASSETS Notes 30th June 2013 31st Dec 2012 A) INTANGIBLE ASSETS 4,317.64 4,410.36 I. Goodwill 2,136.86 2,146.15 II. Other intangible assets 2,180.78 2,264.21 B) PROPERTY, PLANT AND EQUIPMENT 1,431.86 1,434.87 I. Property for own use 1,103.30 1,128.12 II. Other property, plant and equipment 328.56 306.75 C) INVESTMENTS 36,237.05 35,573.03 I. Investments in property 1,294.84 1,286.23 II. Financial Investments 1. Portfolio held to maturity 5.1 1,423.01 1,373.34 2. Portfolio available for sale 5.1 28,762.96 28,372.24 3. Trading portfolio 5.1 3,998.94 3,830.71 III. Investments recorded using the equity method 113.56 92.98 IV. Deposits established for accepted reinsurance 5.1 342.15 282.03 V. Other investments 5.1 301.59 335.50 D) INVESTMENTS ON ACCOUNT OF LIFE POLICYHOLDERS BEARING THE INVESTMENT RISK 2,178.72 2,044.53 E) INVENTORIES 81.62 81.42 F) PARTICIPATION OF REINSURANCE IN TECHNICAL PROVISIONS 3,201.13 3,275.84 G) DEFERRED TAX ASSETS 1,201.54 1,236.27 H) CREDITS & RECEIVABLES 6,944.41 5,891.26 I. Credits on direct insurance and coinsurance operations 5.1 4,473.31 3,538.97 II. Credits on reinsurance operations 5.1 928.49 859.34 III. Tax credits 1. Tax on profits to be collected 146.85 240.51 2. Other tax credits 5.1 179.19 121.68 IV. Corporate and other credits 5.1 1,216.57 1,130.76 V. Shareholders, called capital - - I) CASH AND BANK 1,010.82 1,018.04 J) ACCRUAL ADJUSTMENTS 1,824.84 1,625.22 K) OTHER ASSETS 128.35 105.12 L) NON-CURRENT ASSETS CLASSED AS AVAILABLE FOR SALE AND DISCOUNTED OPERATIONS 10 8.96 287.22 Figures in million euros TOTAL ASSETS 58,566.94 56,983.18
MAPFRE, S.A. AND CONTROLLED COMPANIES A) CONSOLIDATED BALANCE SHEET AS AT 30th JUNE 2013 AND 31st DECEMBER 2012 LIABILITIES AND EQUITY Notes 30th June 2013 31st Dec 2012 A) EQUITY 10,221.38 10,136.31 I. Share capital 6 307.95 307.95 II. Share premium and reserves 7,389.31 6,976.27 III. Treasury stock 0.00 0.00 IV. Result for period attributable to the controlling Company 456.02 665.69 V. Other equity instruments 0.00 0.00 VI. Adjustments for change in valuation 66.95 59.20 VII. Translation differences 10 (352.42) (198.63) Equity attributable to the controlling Company s shareholders 7,867.81 7,810.48 Minority interests 2,353.57 2,325.83 B) SUBORDINATED LIABILITIES 5.2 616.74 605.61 C) TECHNICAL PROVISIONS 36,941.47 35,931.46 I. Provisions for unearned premiums and for risks in progress 7,649.30 7,275.15 II. Provisions for life assurance 20,702.30 19,906.35 III. Provisions for outstanding claims 7,926.92 8,118.99 IV. Other technical provisions 662.95 630.97 D) TECHNICAL PROVISIONS FOR LIFE ASSURANCE WHERE POLICYHOLDERS BEAR THE INVESTMENT RISK 2,178.72 2,044.53 E) PROVISIONS FOR RISKS AND EXPENSES 1,019.72 1,054.02 F) DEPOSITS RECEIVED ON CEDED AND RETROCEDED REINSURANCE 181.14 120.68 G) DEFERRED TAX LIABILITIES 1,699.41 1,773.07 H) DEBT 5,408.94 4,833.43 I. Issuance of debenture bonds and other negotiable securities 5.2 1,148.39 1,151.16 II. Due to credit institutions 7 196.76 151.28 III. Other financial liabilities 5.3 118.15 58.04 IV. Due on direct insurance and coinsurance operations 1,112.56 852.16 V. Due on reinsurance operations 967.35 802.77 VI. Tax payable 0.00 0.00 1. Tax on profits to be paid 195.18 275.91 2. Other tax debts 396.38 379.18 VII. Other debts 1,274.17 1,162.93 I) ACCRUAL ADJUSTMENTS 299.42 264.76 J) LIABILITIES LINKED TO NON-CURRENT ASSETS CLASSED AS AVAILABLE FOR SALE AND DISCONTINUED OPERATIONS 10 -- 219.31 TOTAL LIABILITIES AND EQUITY 58,566.94 56,983.18 Figures in million euros
MAPFRE, S.A. AND CONTROLLED COMPANIES B.2) CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE ITEM GROSS AMOUNT TAXES ON PROFITS ATTRIBUTIBLE TO MINORITY INTERESTS ATTRIBUTIBLE TO THE CONTROLLING COMPANY 2013 2012 2013 2012 2013 2012 2013 2012 A) CONSOLIDATED RESULT FOR THE PERIOD B) OTHER RECOGNISED INCOME / (EXPENSES) 866.49 823.79 (240.92) (243.37) (169.55) (146.20) 456.02 434.22 (243.60) (292.78) (5.11) 55.41 102.67 141.48 (146.04) (95.89) 1. Financial assets avilable for sale 504.92 (485.13) (151.44) 151.09 (73.82) 118.80 279.66 (215.24) a) Valuation gains / (losses) 556.40 (491.79) (167.69) 151.02 b) Amounts transferred to the profit and loss acoount (52.11) 7.80 15.36 (1.42) c) Other reclassifications 0.63 (1.14) 0.89 1.49 2. Exchange rate differences (261.05) (127.30) 0.24 0.02 107.03 115.41 (153.78) (11.87) a) Valuation gains / (losses) (314.30) (113.46) 0.24 0.02 b) Amounts transferred to the profit and loss acoount (0.63) (2.03) -- -- c) Other reclassifications 53.88 (11.81) -- -- 3. Shadow accounting (487.23) 318.98 146.09 (95.70) 69.24 (92.69) (271.90) 130.59 a) Valuation gains / (losses) (500.38) 318.63 150.11 (95.59) b) Amounts transferred to the profit and loss acoount 13.41 0.35 (4.02) (0.11) c) Other reclassifications (0.26) -- -- 4. Companies valued using the equity method 0.01 0.64 -- -- -- (0.01) 0.01 0.63 a) Valuation gains / (losses) (0.07) 0.56 -- -- b) Amounts transferred to the profit and loss acoount -- -- -- -- c) Other reclassifications 0.08 0.08 -- -- 5. Other recognised income / (expenses) (0.25) 0.03 -- -- 0.22 (0.03) (0.03) -- TOTAL 622.89 531.01 (246.03) (187.96) (66.88) (4.72) 309.98 338.33
MAPFRE, S.A. AND CONTROLLED COMPANIES C) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AS AT 30th JUNE 2013 AND 30th JUNE 2012 EQUITY ATTRIBUTABLE TO THE CONTROLLING COMPANY EQUITY ITEM Share capital Share Premium and other Reserves Result Attributible to the controlling company Valuation adjustment reserves MINORITY INTERESTS TOTAL NET EQUITY BALANCE AS AT 1st JANUARY 2012 307.95 6,161.17 962.96 (389.18) 2,683.72 9,726.62 I. Changes in accounting policies -- -- -- -- -- -- II. Correction of errors -- -- -- -- -- -- ADJUSTED OPENING BALANCE 307.95 6,161.17 962.96 (389.18) 2,683.72 9,726.62 I. TOTAL RECOGNISED INCOME / (EXPENSES) II. OPERATIONS WITH SHAREHOLDERS OF THE CONTROLLING COMPANY -- -- 434.22 (95.89) 4.72 343.05 -- (231.91) -- -- (73.42) (305.33) 1. Increases / (decreases) in Capital -- -- -- -- -- -- 2 Distribution de dividends (Note 4) -- (246.36) -- -- (127.94) (374.30) 3 Increases / (decreases) from combinations of businesses 4. Other operations with shareholders of the Controlling Company -- 21.58 -- -- 137.45 159.03 -- (7.13) -- -- (82.93) (90.06) III. OTHER VARIATIONS IN EQUITY -- 1,011.87 (962.96) -- (50.21) (1.30) 1. Transfers between equity items -- 962.96 (962.96) -- -- -- 2. Other variations -- 48.91 -- -- (50.21) (1.30) BALANCE AS AT 30th JUNE 2012 307.95 6,941.13 434.22 (485.07) 2,564.81 9,763.04 BALANCE AS AT 1st JANUARY 2013 307.95 6,976.27 665.69 (139.43) 2,325.83 10,136.31 I. Changes in accounting policies -- -- -- -- -- -- II. Correction of errors -- -- -- -- -- -- ADJUSTED OPENING BALANCE 307.95 6,976.27 665.69 (139.43) 2,325.83 10,136.31 I. TOTAL RECOGNISED INCOME / (EXPENSES) II. OPERATIONS WITH SHAREHOLDERS OF THE CONTROLLING COMPANY -- -- 456.02 (146.04) 66.88 376.86 -- (223.47) -- -- (39.49) (262.96) 1. Increases / (decreases) in Capital -- -- -- -- -- -- 2 Distribution de dividends (Note 4) -- (215.57) -- -- (39.28) (254.85) 3 Increases / (decreases) from combinations of businesses 4. Other operations with shareholders of the Controlling Company -- (0.78) -- -- -- (0.78) -- (7.12) -- -- (0.21) (7.33) III. OTHER VARIATIONS IN EQUITY -- 636.51 (665.69) -- 0.35 (28.83) 1. Transfers between equity items -- 665.69 (665.69) -- -- -- 2. Other variations -- (29.18) -- -- 0.35 (28.83) BALANCE AS AT 30th JUNE 2013 307.95 7,389.31 456.02 (285.47) 2,353.57 10,221.38 Figures in million euros
MAPFRE, S.A. AND CONTROLLED COMPANIES E) NOTES EXPLAINING THE CONDENSED INTERIM FINANCIAL STATEMENTS 1. GENERAL INFORMATION ON THE COMPANY AND ITS ACTIVITY MAPFRE, S.A. (hereinafter the controlling company or MAPFRE ) is a limited company whose shares are traded on the Stock Exchange, and it is the controlling company of a group of subsidiary companies involved in the various sectors that make up the insurance business, both Life and Non-Life, finance and services. CARTERA MAPFRE, S.L., Sociedad Unipersonal (hereinafter CARTERA MAPFRE) 100% controlled by FUNDACIÓN MAPFRE, owns 64.70% of the capital of MAPFRE, S.A. The scope of the activities of the controlling company and its subsidiaries (hereinafter the Group or GRUPO MAPFRE ) comprises the Spanish territory, member countries of the European Economic Area, and other countries. The controlling company was incorporated in Spain and its registered address is located in Majadahonda (Madrid) at Carretera de Pozuelo, 52. 2. BASES OF PRESENTATION AND ACCOUNTING POLICIES 2.1. BASES OF PRESENTATION The condensed interim consolidated financial statements for the six-month period ended 30 th June 2013 (hereinafter, interim financial statements ) have been drafted in accordance with the provisions of International Accounting Standard (IAS) no. 34 with regard to interim financial information. The said interim financial statements do not include all information that would be required of complete consolidated annual accounts drafted in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union, and so the attached interim financial statements should be read in conjunction with the Group s consolidated annual accounts corresponding to the financial year ended 31 st December 2012. The application of the new Standards and Interpretations applicable as from 1 st July 2012, (modification of IAS 1) and 1 st January 2013 (IFRS 13, modifications to IFRS 7, IAS 19 and IAS 12) have had no effects neither on the financial position nor the results of the Group. No Standards and Interpretations have been applied in advance which, had they been approved by the European Commission, would not have become applicable. The interim financial statements have been approved by the Board of Directors at its meeting held on 25 th July 2013.