MAA Assurance's Annual Report 2005 - Zurich

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Notes To The Financial Statements - 31 December 2005 (continued) 4 INVESTMENTS (continued) (c) INVESTMENT-LINKED FUND (continued) The maturity structure of corporate debt securities, fixed and call deposits above is as follows: 2005 2004 RM'000 RM'000 Investments maturing within 12 months 87,351 41,244 Investments maturing after 12 months 106,808 51,405 194,159 92,649 5 LOANS General and Shareholders’ funds Life fund 2005 2004 2005 2004 RM'000 RM'000 RM'000 RM'000 Policy loans - - 243,817 218,414 Mortgage loans 40,176 37,351 366,977 377,654 Other secured loans 66,661 81,205 266,952 171,933 Unsecured loans 69 65 3,650 230 106,906 118,621 881,396 768,231 Interest-in-suspense (22,922) (29,193) (27,980) (17,069) Allowance for doubtful debts (6,856) (7,954) (1,241) - 77,128 81,474 852,175 751,162 49 Receivable within 12 months 72,665 54,276 671,799 435,684 Receivable after 12 months 4,463 27,198 180,376 315,478 77,128 81,474 852,175 751,162
Notes To The Financial Statements - 31 December 2005 (continued) 6 DEFERRED TAX Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the balance sheet: General and Shareholders’ Investmentfunds Life fund linked fund 2005 2004 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Deferred tax assets 8,505 2,664 11,095 1,806 154 - Deferred tax liabilities - - - (152) (163) (735) 8,505 2,664 11,095 1,654 (9) (735) At 1 January 2,664 484 1,654 (599) (735) (1,237) Credited/(charged) to income statement/ revenue accounts (Note 20): - property, plant and equipment 793 (306) 1,201 87 - - - investments 5,048 2,486 8,240 2,166 726 502 5,841 2,180 9,441 2,253 726 502 50 At 31 December 8,505 2,664 11,095 1,654 (9) (735) Subject to income tax: Deferred tax assets (before offsetting) Investments 9,729 4,681 12,040 3,818 154 - Offsetting (1,224) (2,017) (945) (2,012) - - Deferred tax assets (after offsetting) 8,505 2,664 11,095 1,806 154 - Deferred tax liabilities (before offsetting) Property, plant and equipment (1,224) (2,017) (945) (2,164) - - Investments - - - - (163) (735) (1,224) (2,017) (945) (2,164) (163) (735) Offsetting 1,224 2,017 945 2,012 - - Deferred tax liabilities (after offsetting) - - - (152) (163) (735) The deferred tax liabilities arising from the temporary differences associated with the unallocated surplus carried forward of the life fund to be transferred to the shareholders’ fund have not been disclosed in the financial statements due to the subjectivity in determining the amount to be transferred.
Page 2 and 3: 2 Financial Highlights 4 MAA Branch
Page 4 and 5: Financial 0 Highlights (continued)
Page 6 and 7: PERAK • No.23, 1st & 2nd Floor, J
Page 8 and 9: 3 4 5 Datuk Ramlan bin Abdul Rashid
Page 10 and 11: Corporate Information BOARD OF DIRE
Page 12 and 13: Chief Executive Officer’s Stateme
Page 14 and 15: Chief Executive Officer’s Stateme
Page 16 and 17: Appraisal Value On The Life Insuran
Page 18 and 19: Appraisal Value On The Life Insuran
Page 20 and 21: Directors’ Report The directors h
Page 22 and 23: Directors’ Report (continued) COR
Page 24 and 25: Directors’ Report (continued) COR
Page 26 and 27: Directors’ Report (continued) DIR
Page 28 and 29: Report Of The Auditors To The Membe
Page 30 and 31: Income Statement For The Financial
Page 32 and 33: General Insurance Revenue Account F
Page 34 and 35: Life Insurance Revenue Account For
Page 36 and 37: Cash Flow Statement For The Financi
Page 38 and 39: Notes To The Financial Statements -
Page 80 and 81: THIS PAGE HAS BEEN INTENTIONALLY LE

MAA Assurance's Annual Report 2005 - Zurich

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