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DFV Deutsche Familienversicherung AG: Release according to § 109 Paragraph 2 Sentence 1 WpHG - Seite 2

II. Tax Reconciliation

The tax reconciliation reported in the notes to the consolidated financial statements for the 2018 financial year does not explain the difference between the expected tax income of EUR 1.3 million and the tax income of EUR 0.8 million reported in the income statement, as the only significant reconciling items ("Capitalisation of loss carryforward" of EUR 1.8 million and "offsetting effect from the treatment of IPO costs not recognised in profit or loss" of EUR 1.2 million) cannot lead to such a difference and instead the difference of EUR 0.6 million essentially results from tax expenses unrelated to the accounting period. A correct determination of the tax income shown in the profit and loss statement according to IAS 12.58 could therefore not be proven on the basis of the tax reconciliation. This violates IAS 12.81 (c) in conjunction with IAS 1.17 (b).

III. Disclosures on changes in estimates in the notes to the consolidated financial statements and the group management report

In the notes to the consolidated financial statements for the 2018 financial year, the effects on income before tax of the model change made to estimate the provisions for unknown losses incurred but not reported in the amount of approximately EUR 0.8 million, which corresponds to approximately 20% of income before tax, were not quantified. In the 2018 group management report, the analysis of business performance and position also does not address how the model change had a material impact on the business result. This violates § 315 para. 1 sentence 1 of the German Commercial Code (HGB).

Contact:
Lutz Kiesewetter
Head of Investor Relaations & Corporate Communications
Telefon: [phone]
Telefax: 069 74 30 46 46
E-Mail: [e-mail]

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01.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	DFV Deutsche Familienversicherung AG
	Reuterweg 47
	60323 Frankfurt/Main
	Germany
Phone:	069 74 30 46 396
Fax:	069 74 30 46 46
E-mail:	[e-mail]
Internet:	www.deutsche-familienversicherung.de
ISIN:	DE000A2NBVD5
WKN:	A2NBVD
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1164959