| FORM NL-2-B-PL | ||||||
|---|---|---|---|---|---|---|
| Registration No. 112 | ||||||
| Date of Registration with the IRDA : 2nd April, 2001 | ||||||
| PROFIT AND LOSS ACCOUNT FOR THE HALF YEAR ENDED 30.09.2010 | ||||||
| Particulars | Schedule | UP TO THE QUARTER | FOR THE HALF YEAR ENDED 30.09.2010 | UP TO THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS HALF YEAR ENDED 30.09.2009 | |
| ( Rs. IN 000) | ( Rs. IN 000) | ( Rs.IN 000) | ( Rs. IN 000) | |||
| 1 | OPERATING PROFIT/(LOSS) | |||||
| (a) Fire Insurance | 408 478 | 3310 424 | 1840 099 | 2682 040 | ||
| (b)Marine Insurance | 441 018 | 324 134 | 120 562 | 138 618 | ||
| (c)Miscellaneous Insurance | 2185 195 | 2781 629 | -662 004 | -1603 505 | ||
| (d)Life Insurance | 33690 | 55128 | 897 | 9518 | ||
| 2 | INCOME FROM INVESTMENTS | |||||
| (a) Interest, Dividend & Rent – Gross | 2054 577 | 3333 757 | 1824 285 | 2896 883 | ||
| (b) Profit on sale of investments | 1394 962 | 1566 117 | 721 544 | 1236 019 | ||
| 3 | OTHER INCOME (To be specified) | 0 | ||||
| Profit on Exchange | -202 734 | 117 740 | 34 514 | 34 514 | ||
| Profit on sale of Assets (Net) | 102 | 165 | 35 | 128 | ||
| Interest on Income-tax Refund | 0 | 458 658 | 0 | 0 | ||
| Motor Pool Service Charges | 73238 | 102091 | 228208 | 224646 | ||
| Miscellaneous Receipts | 1093 | 4363 | 1067 | 3746 | ||
| TOTAL (A) | 6389619 | 12054206 | 4109207 | 5622607 | ||
| 4 | Provision for Doubtful Loans, Investment & Debts | 24 058 | 36 270 | -18 889 | -18 889 | |
| 5 | Amortisation of premium on Investments | 56 515 | 114 342 | 132 203 | 133 027 | |
| 6 | Diminution in the value of investments written off | 580 | 12973 | 0 | 0 | |
| 7 | OTHER EXPENSES | |||||
| Expenses relating to Investments | 5 851 | 5 858 | 2 298 | 4 198 | ||
| Loss on Exchange | 0 | 0 | -278 407 | 0 | ||
| Loss on sale of Assets (Net) | 0 | 0 | 0 | 0 | ||
| Sundry Balances Written off(Net) | 0 | 0 | 0 | 0 | ||
| Loss on Distribution of LPA Assets | 0 | 0 | 0 | 0 | ||
| Interest on Service Tax | 0 | 0 | 1 523 | 4 688 | ||
| TOTAL (B) | 87 004 | 169 443 | -161 272 | 123 024 | ||
| Profit Before Tax | 6302615 | 11884763 | 4270479 | 5499583 | ||
| Provision for Taxation : | ||||||
| Current Tax | 1312200 | 2956400 | 496586 | 777791 | ||
| Wealth Tax | 0 | 0 | 255 | 255 | ||
| Mat Tax | 0 | 0 | 255 | 255 | ||
| Deferred Tax | 0 | 0 | 255 | 255 | ||
| Fringe Benefit Tax | 0 | 0 | 787 | 2 887 | ||
| Provision for Tax in respect of earlier years | 0 | 21 154 | 0 | 0 | ||
| Profit after Tax | 4990 415 | 8907 209 | 3772 851 | 4718 650 | ||
| Balance brought forward from last year | 0 | 610 | 0 | 71 | ||
| Profit available for appropriation | 4990 415 | 8907 819 | 3772 851 | 4718 721 | ||
| APPROPRIATIONS | ||||||
| (a) Interim dividends paid during the year | 0 | 0 | 0 | 0 | ||
| (b)Proposed final dividend | 0 | 0 | 0 | 0 | ||
| (c)Dividend distribution tax | 0 | 0 | 0 | 0 | ||
| (d)Transfer to General Reserve | 0 | 0 | 3773000 | 4718 000 | ||
| (e) Balance carried forward to Balance Sheet | 4990 415 | 8907 819 | - 149 | 721 | ||
| 4990 415 | 8907 819 | 3772 851 | 4718 721 | |||