Scribd Logo
Upload

Welcome to Scribd!

  • Sources of Fund: Balance Sheet

    Uploaded by

    kumudtakhar
    49 views4 pages
    This balance sheet summarizes the assets, liabilities and equity of an insurance company as of March 31, 2010. Key line items include shareholders' funds of $19.2 million, policy liabilities of $27.3 million, linked policy funds of $61.5 million, total investments of $61.9 million, and a debit balance in profit and loss of $2.1 million.

    Original Description:

    Original Title

    tata aig

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This balance sheet summarizes the assets, liabilities and equity of an insurance company as of March 31, 2010. Key line items include shareholders' funds of $19.2 million, policy liabilities of $27.3 million, linked policy funds of $61.5 million, total investments of $61.9 million, and a debit balance in profit and loss of $2.1 million.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    49 views4 pages

    Sources of Fund: Balance Sheet

    Uploaded by

    kumudtakhar
    This balance sheet summarizes the assets, liabilities and equity of an insurance company as of March 31, 2010. Key line items include shareholders' funds of $19.2 million, policy liabilities of $27.3 million, linked policy funds of $61.5 million, total investments of $61.9 million, and a debit balance in profit and loss of $2.1 million.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    BALANCE SHEET

    Sources of Fund
    SHAREHOLDERS’ FUNDS:
    SHARE CAPITAL

    CR/[DR] FAIR VALUE CHANGE A/C


    POLICY LIABILITIES
    PROVISION FOR LAPSED LIAB NON UNIT
    PROVISION FOR LINKED LIABILITIES
    FUNDS FOR FUTURE APPROPRIATION

    TOTAL

    APPLICATION OF FUNDS
    INVESTMENTS
    Shareholders’
    Policyholders’

    ASSETS HELD TO COVER LINKED LIAB


    LOANS
    FIXED ASSETS
    CURRENT ASSETS
    Cash and Bank Balances
    Advances and Other Assets
    sub total

    CURRENT LIABILITIES
    PROVISIONS
    sub total

    NET CURRENT ASSETS

    DEBIT BALANCE IN PROFIT & LOSS a/c

    TOTAL
    AS ON 31 MAR 2010

    19,205,000

    447,551
    27,324,648
    11,759
    61,543,633
    1,535,909

    ###

    3,983,456
    28,656,756

    61,914,915
    453,377
    1,082,791

    1,356,909
    2,056,898
    3,413,807

    5,460,445
    74,769
    5,535,214

    -2,121,407

    16,098,612

    ###
    PROFIT AND LOSS STATEMENT FOR YEAR ENDED MA

    Amounts transferred from/to the Policyholders a/c

    Income From Investments

    (a) Interest, Dividends & Rent – Gross


    (b) Profit on sale/redemption of investments
    (c) (Loss on sale/ redemption of investments)

    Total

    Expense other than those directly related to the insurance busi

    Other expenses
    (i) Employees' remuneration & welfare benefit
    (ii) Legal and Notarial Fees
    iii) Preliminary Expenses Written off
    iv) Miscellaneous expenses

    Transfer to Policyholders' fund

    Total

    Profit/ (Loss) before tax


    Provision for Taxation
    Profit / (Loss) after tax

    APPROPRIATIONS
    Balance at the beginning of the year.

    Total
    FOR YEAR ENDED MARCH 31, 2010

    340,319

    116,251
    1,485
    0

    458,055

    the insurance business

    14,245
    9,010
    0
    1,072

    4,433,851

    4,458,178

    -4,000,123

    -4,000,123

    ###

    ###

    You might also like