Annual Reports
P & L Account
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| Particular | Schedule | Current Year | Previous Year | ||||||
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| 1. | Operating Profit/-Loss | ||||||||
| (a) Fire Insurance |
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| (b) Marine Insurance |
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| (c) Miscellaneous Insurance |
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| (d) Life Insurance |
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| 2. | Income from Investments | ||||||||
| (a) Interest, Dividend & Rent - Gross |
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| (b) Profit on sale of Investments |
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| Less: Loss of sale of Investment | 0 | 0 | |||||||
| 3. | Other Income: | ||||||||
| Forex Gain/( Loss) | 0 | 1195 815 | |||||||
| Profit on sale of Assets (Net) | 262 | 0 | |||||||
| Sundry Balances Written Back (Net) | 0 | 0 | |||||||
| Interest on Income-tax Refund |
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| (Provision) / Doubtful Debts written back | 0 | 0 | |||||||
| Motor Pool Service Charges | 0 | 0 | |||||||
| Miscellaneous Receipts |
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| Total (A) |
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| 4. | Provision for Doubtful Loans & Investment |
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| 5. | Provision/(written off) for Doubtful Debts |
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| 6 | Amortisation of premium on Investments |
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| 7 | Diminution in the value of investments written off |
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| 8 | Other Expenses : | ||||||||
| Expenses relating to Investments |
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| Forex Loss/(Gain) |
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| (Profit)/Loss on sale of Assets (Net) |
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| Sundry Balances Written off (Net) | 4 | 0 | |||||||
| Interest & Others |
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| Corporate Social Responsibility Expensess |
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| Total (B) |
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| Profit/(Loss) Before Tax |
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| Provision for Taxation : | |||||||||
| Current Tax |
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| Wealth Tax | 0 | 0 | |||||||
| MAT Credit |
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| Deferred Tax |
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| Fringe Benefit Tax |
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| Provision for Tax in respect of earlier years |
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| MAT Credit of earlier year |
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| Profit/ (Loss) After Tax |
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| Appropriations | |||||||||
| (a) Balance brought forward from last year |
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| (b) Interim dividend |
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| (c) Final dividend |
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| (d) Dividend distribution tax |
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| (e) Transfer to General Reserve |
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| Balance carried forward to Balance Sheet |
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| Basic and Diluted EPS |
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Revenue Account
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| Particulars | Schedule | Current Year | Previous Year | ||||||
| (` '000) | (` '000) | ||||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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| 3. | Forex Gain/( Loss) |
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| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 0 | 0 | ||||||
| Total (B) |
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| Operating Profit /- Loss from Fire Business C = (A-B) |
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| APPROPRIATIONS | |||||||||
| Transfer to Shareholders' Account |
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| Transfer to Catastrophe Reserve | 0 | 0 | |||||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | |||||||||
| In Respect of Miscellaneous Insurance Business | |||||||||
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| Particulars | Schedule | Current Year | Previous Year | ||||||
| (` '000) | (` '000) | ||||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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| 3. | Forex Gain/( Loss) |
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| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 0 | 0 | ||||||
| Total (B) |
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| Operating Profit/-Loss from Miscellaneous Business C = (A-B) |
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| APPROPRIATIONS | |||||||||
| Transfer to Shareholders' Account |
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| Transfer to Catastrophe Reserve | 0 | 0 | |||||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | |||||||||
| In Respect of Marine Insurance Business | |||||||
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| Particulars | Schedule | Current Year | Previous Year | ||||
| (` '000) | (` '000) | ||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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| 3. | Forex Gain/( Loss) |
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| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 0 | 0 | ||||
| Total (B) |
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| Operating Profit/-Loss from Marine Business C = (A-B) |
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| APPROPRIATIONS | |||||||
| Transfer to Shareholders' Account |
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| Transfer to Catastrophe Reserve | 0 | 0 | |||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | |||||||
| In Respect of Life Insurance Business | |||||||
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| Particulars | Schedule | Current Year | Previous Year | ||||
| (` '000) | (` '000) | ||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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| 3. | Forex Gain/( Loss) |
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| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 352 962 | 194 15 | ||||
| Total (B) |
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| Operating Profit/-Loss from Life Business C = (A-B) |
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| APPROPRIATIONS | |||||||
| Transfer to Shareholders' Account |
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| Transfer to Catastrophe Reserve | - | - | |||||
| Transfer to Other Reserves (to be specified) | - | - | |||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | |||||||