MILLIRE ENG2024

PAGE UNCONSOLIDATED BALANCE SHEET 98 UNCONSOLIDATED STATEMENT OF INCOME 103 UNCONSOLIDATED STATEMENT OF CASH FLOWS 107 UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY 108 UNCONSOLIDATED STATEMENT OF PROFIT DISTRIBUTION 110 NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS 111-170 NOTE 1 General information 111 NOTE 2 Summary of significant accounting policies 112 NOTE 3 Significant Accounting Estimates and Requirements 132 NOTE 4 Management of insurance and financial risk 133 NOTE 5 egment Information 143 NOTE 6 Tangible assets 143 NOTE 7 Investment properties 144 NOTE 8 Intangible assets 145 NOTE 9 Investments in associates 146 NOTE 10 Reinsurance assets and liabilities 147 NOTE 11 Financial assets 148 NOTE 12 Loans and receivables 151 NOTE 13 Derivative financial assets 152 NOTE 14 Cash and cash equivalents 152 NOTE 15 Equity 153 NOTE 16 Other reserves and equity component of discretionary participation 155 NOTE 17 Insurance contract liabilities and reinsurance assets 156 NOTE 18 Investment contract liabilities 159 NOTE 19 Trade and other payables and deferred income 159 NOTE 20 Financial liabilities 160 NOTE 21 Deferred tax 160 NOTE 22 Retirement benefit obligations 161 NOTE 23 Other liabilities and expense accruals 162 NOTE 24 Net insurance premium revenue 163 NOTE 25 Fee revenue 163 NOTE 26 Investment income 163 NOTE 27 Net income accrual on financial assets 163 NOTE 28 Asset held at fair value through profit or loss 163 NOTE 29 Insurance rights and claims 164 NOTE 30 Investment contract benefits 164 NOTE 31 Other expenses 164 NOTE 32 Operating expenses 164 NOTE 33 Employee benefit expenses 165 NOTE 34 Financial costs 165 NOTE 35 Income Taxes 165 NOTE 36 Net foreign exchange gains 165 NOTE 37 Earnings per share 166 NOTE 38 Dividends per share 166 NOTE 39 Cash generated from operations 167 NOTE 40 Convertible bonds 167 NOTE 41 Redeemable preference shares 167 NOTE 42 Risks 167 NOTE 43 Commitments 167 NOTE 44 Business combinations 167 NOTE 45 Related party transactions 167 NOTE 46 Subsequent events 170 NOTE 47 Other 170 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION 97 2024 Annual Report Contents