The new format will be applied for the first time in the annual financial statements for 2012: Group companies performing supra-regional management and coordination tasks for the entire Group are accounted for in a separate segment "Central functions"; it includes for example the following:
- VIG Holding, including affiliated non-insurance companies
- the re-insurance company VIG RE headquartered in Prague
- the central IT development and services companies Central Point and BIAC
Moreover, all consolidation steps taken in the course of the annual and quarterly financial statements will in the future be summarised in a separate consolidation column in the segment report by regions.
The total Group result remains, however, unchanged.
Read the full story on www.vig.com VIG adapts segment reporting by regions
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