annual report 2008-09 - IRDA

ANNUAL REPORT 2008-09
STATEMENT 9
LIFE INSURANCE CORPORATION OF INDIA
CAPITAL REDEMPTION AND ANNUITY CERTAIN BUSINESS
(NON-PARTICIPATING)
BALANCE SHEET (As on 31st March)
2009 2008
(Rs. Lakh)
SOURCES OF FUNDS
Share Capital
Policy Liabilities 16048 14903
Reserves and Surplus 36 36
Fair value change account 7 7
Borrowings
TOTAL 16090 14945
APPLICATION OF FUNDS
Investments 17140 13182
Loans
Fixed Assets
Current Assets
Cash and Bank Balances 398 1827
Advances and Other Assets 169 16
Total Current Assets (A) 567 1842
Current Liabilities 1616 79
Provisions
Total Current Liabilities (B) 1616 79
Net Current Assets (C) = (A - B) (1049) 1763
Miscellaneous Expenditure
(to the extent not written off)
Debit balance in Profit and Loss A/c
TOTAL 16090 14945
Note: Figure in brackets indicates the negative value
80