| FORM NL-2-B-PL | ||||||||
|---|---|---|---|---|---|---|---|---|
| Registration No. 112 | ||||||||
| Date of Registration with IRDA : 2nd April, 2001 | ||||||||
| PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010 | ||||||||
| Particulars | Schedule | 31st March 2010 | 31st March 2009 | 31st March 2008 | 31st March 2007 | 31sr March 2006 | 31st March 2005 | |
| - | - | - | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) | (Rs. '000) |
| 1. | Operating Profit/-Loss | - | - | - | - | - | - | - |
| - | (a) Fire Insurance | - | 3277 068 | -387 158 | -2303 058 | 604 705 | 1403 928 | 2414 412 |
| - | (b) Marine Insurance | - | 2631 188 | -707 751 | -1919 679 | -813 201 | 393 995 | -180 341 |
| - | (c) Miscellaneous Insurance | - | -824 557 | 10236 785 | 7776 245 | 11740 497 | -3447 008 | 566 986 |
| - | (d) Life Insurance | - | 48 499 | 93 209 | 45 349 | 9 036 | 4 324 | -18 754 |
| 2. | Income from Investments | - | - | - | - | - | - | - |
| - | (a) Interest, Dividend & Rent - Gross | - | 5120 083 | 4686 547 | 4061 412 | 3452 851 | 3386 785 | 3660 755 |
| - | (b) Profit on sale of Investments (Net) | - | 3092 662 | 1814 540 | 3394 631 | 2740 310 | 2842 407 | 1820 240 |
| 3. | Other Income: | - | - | - | - | - | - | - |
| - | Profit on Exchange | - | 0 | 1874 134 | 0 | 433 447 | 0 | 178 606 |
| - | Profit on sale of Assets (Net) | - | 106 | 366 | 231 | 283 | 298 | 56 |
| - | Sundry Balances Written Back (Net) | - | 0 | 0 | 0 | 0 | 0 | 275 |
| - | Investment Reserve Written Back | - | - | 0 | 0 | 0 | 5 845 | 0 |
| - | Interest on Income-tax Refund | - | 1856 404 | 130 845 | 196 234 | 109 280 | -17 694 | -30 717 |
| - | Motor Pool Service Charges | - | 331 922 | 738 967 | 485 564 | |||
| - | Miscellaneous Receipts | - | 12 308 | 26 027 | 29 279 | 26 422 | 57 365 | 411 277 |
| - | Total (A) | - | 15545 683 | 18506 511 | 11766 208 | 18303 630 | 4630 245 | 8822 795 |
| 4. | Provision for Doubtful Loans, Investment & Debts | - | -143 775 | -13 066 | -94 490 | -133 900 | -475 000 | 358 000 |
| 5. | Amortisation of premium on Investments | - | 254 403 | 296 921 | 338 864 | 349 585 | 340 022 | 333 816 |
| 6. | Diminution in the value of investments written off | - | 130 284 | 97 725 | 65 731 | 179 333 | 37 377 | 122 845 |
| 7. | Other Expenses : | - | 14 519 | - | - | - | - | - |
| - | Expenses relating to Investments | - | 2383 543 | 11 198 | 14 315 | 10 973 | 8 961 | 7 325 |
| - | Loss on Exchange | - | 0 | 0 | 735 616 | 0 | 289 426 | 0 |
| - | Loss on sale of Assets (Net) | - | 0 | 0 | 0 | 0 | 0 | 0 |
| - | Sundry Balances Written off (Net) | - | 0 | 8 | 2 422 | 3 054 | 15 | 0 |
| - | Loss on Distribution of LPA Assets | - | 4 688 | -2 160 | 30 793 | |||
| - | Total (B) | - | 2643 662 | 390 626 | 1093 251 | 409 045 | 200 801 | 821 986 |
| - | Profit Before Tax | - | 12902 021 | 18115 885 | 10672 957 | 17894 585 | 4429 444 | 8000 809 |
| - | Provision for Taxation : | - | - | - | - | - | - | |
| - | Current Tax | - | 1701 194 | 3915 860 | 1474 353 | 1850 000 | 0 | 2590 000 |
| - | Wealth Tax | - | 1 559 | 1 259 | 50 | 50 | 50 | 50 |
| - | Deferred Tax | - | -772 626 | -219 846 | -740 742 | 1080 987 | -1739 087 | -12 665 |
| - | Fringe Benefit Tax | - | -5 032 | 18 500 | 11 470 | 17 303 | 34 300 | |
| - | Provision for Tax in respect of earlier years (Note no.7) | - | -5769 139 | 328 124 | 0 | -367 204 | 148 994 | 3423 183 |
| - | Profit after Tax | - | 17746 065 | 14071 953 | 9927 826 | 15313 449 | 5985 187 | 2000 241 |
| - | Balance brought forward from last year | - | 71 | 128 | 462 | 179 | 607 | 828 |
| - | Profit available for appropriation | - | 17746 136 | 14072 081 | 9928 288 | 15313 628 | 5985 794 | 2001 069 |
| - | Appropriations | - | - | - | - | - | - | - |
| - | (a) Proposed dividend (Note no.2) | - | 3526 000 | 2795 000 | 1978 000 | 3096 000 | 860 000 | 645 000 |
| - | (b) Dividend distribution tax | - | 585 625 | 475 010 | 336 161 | 526 165 | 120 615 | 90 462 |
| - | (c) Transfer to General Reserve | - | 13633 901 | 10802 000 | 7614 000 | 11691 000 | 5005 000 | 1265 000 |
| - | (d) Balance carried forward to Balance Sheet | - | 610 | 71 | 127 | 463 | 179 | 607 |
| - | - | - | 17746 136 | 14072 081 | 9928 288 | 15313 628 | 5985 794 | 2001 069 |