Significant events after the end of the reporting period
No events occurring after the balance sheet date were material to the consolidated financial statements for the year 2013.
Events after the reporting date that are important for the operations in 2013 are the following:
- On 28 January 2014 Zavarovalnica Triglav d.d. started a new legal action against the company Skupna pokojninska družba d.d., Ljubljana, claiming EUR 360,844.00 in dividend payments which fell due in 2013. Skupna pokojninska družba d.d. in support of its failure to make that dividend payments alleges the existence of an outstanding counterclaim of EUR 817,738.96 as at 31 December 2013, arising from an agreement on making supplementary pension payments under a pension scheme set up in 2000. Zavarovalnice Triglav d.d. denies the existence of that counterclaim.
- On 27 January 2014, the Insurance Supervision Agency (the ISA) sent Zavarovalnica Triglav a request to review its operations, in order to inspect whether the Company’s operations are compliant with the Insurance Act and the pertaining secondary legislation. The ISA stared the review on 3 February 2014.
- In February 2014, the Management Board of Zavarovalnica Triglav adopted decisions and started relevant capital increase procedures in Pojišt'ovna a.s., Brno, and Triglav Osiguranje a.d.o., Belgrade, which are Group members.
- Zavarovalnica Triglav considers its future presence in the Czech market, where the subsidiary Triglav Pojišt'ovna a.s., Brno operates, in dependence of the adopted strategy, business activities for increasing the value of the Triglav Group and the efficient corporate governance of the companies in the Group.