Changes in deferred acquisition costs in non-life insurance | 1 January – 31 December 2013 | 1 January – 31 December 2012 |
---|---|---|
Net value – opening balance | 512 890 | 504 458 |
Deferred acquisition costs | 571 978 | 538 880 |
Amortization for the period | (538 131) | (529 086) |
Exchange differences | (261) | (1 362) |
Net value – closing balance | 546 476 | 512 890 |