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ANNUAL REPORT 2011-12<br />
LIFE INSURERS : BALANCE SHEET (AS ON 31 st MARCH)<br />
Contd... STATEMENT 23<br />
(` Lakh)<br />
SAHARA SBI LIFE SHRIRAM STAR UNION DAI-ICHI TATA AIG TOTAL<br />
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012<br />
SOURCES OF FUNDS<br />
SHAREHOLDERS’ FUNDS:<br />
SHARE CAPITAL 23200 23200 100000 100000 17500 17500 25000 25000 195350 195350 2366119 2493138<br />
SHARE APPLICATION MONEY PENDING<br />
ALLOTMENT 7356 12410<br />
EMPLOYEES STOCK OPTION OUTSTANDING 7995 7581<br />
RESERVES AND SURPLUS 3920 6869 62122 111893 2461 8079 17000 17000 1004143 1298848<br />
CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 848 3672 5 (7) (89) 3 (33) 2799 5443<br />
Sub-Total 27120 30069 162970 215565 19965 25579 41993 41912 195353 195317 3388412 3817420<br />
BORROWINGS 1609 799<br />
POLICYHOLDERS’ FUNDS:<br />
CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 31 5264 1111 6010 4760 12482974 8954369<br />
REVALUATION RESERVE-INVESTMENT PROPERTY 6689 7045<br />
POLICY LIABILITIES 21444 27944 1331439 1828155 17389 25585 25400 70190 340059 418985 102836347 120851081<br />
INSURANCE RESERVES 646370 693292<br />
PROVISION FOR LINKED LIABILITIES 58491 56203 2448886 2643943 164611 151072 117369 187072 853441 931444 38675610 36508608<br />
Sub-Total 79966 84148 3785589 4473208 182000 176657 142769 257262 1199509 1355189 154649600 167015195<br />
DEFERRED TAX LIABILITY<br />
FUNDS FOR FUTURE APPROPRIATIONS 1293 1424 4022 2873 11 19360 23105 326678 315582<br />
TOTAL 108379 115640 3952581 4691646 201965 202247 184762 299173 1414223 1573612 158364690 171148196<br />
APPLICATION OF FUNDS<br />
INVESTMENTS<br />
Shareholders’ 22791 24089 94013 136081 17345 18833 34394 25848 45873 57815 1290976 1886610<br />
Policyholders’ 23756 30271 1415610 1694866 17523 23884 22913 65216 361962 460076 101703438 113394947<br />
ASSETS HELD TO COVER LINKED LIABILITIES 58491 56203 2452908 2646815 164611 151072 117370 187073 859016 930871 40256467 38168296<br />
LOANS 23 41 22 30 2 6251 9052 8410128 8692647<br />
FIXED ASSETS 530 525 28316 26522 1934 2163 1767 2750 4959 2739 428634 427892<br />
INCIDENTAL EXPENSES PENDING CAPITALISATION<br />
DEFERRED TAX ASSET 17844 10534<br />
CURRENT ASSETS<br />
Cash and Bank Balances 2783 6138 80321 230340 8406 14495 13224 13976 13974 9234 2765467 5246439<br />
Advances and Other Assets 3405 3511 53254 89416 2160 5763 5543 9867 24602 31489 4227432 5904877<br />
Sub-Total (A) 6188 9649 133576 319756 10565 20258 18768 23843 38577 40723 6992899 11151317<br />
CURRENT LIABILITIES 3334 5054 170652 125364 9783 13565 17642 17896 57586 57077 1165135 2782020<br />
Provisions 67 84 1189 7030 253 429 12 38 636 363 1634991 1678940<br />
Sub-Total (B) 3401 5138 171841 132394 10035 13994 17654 17933 58222 57440 2800126 4460960<br />
NET CURRENT ASSETS (C) = (A – B) 2788 4511 (38265) 187362 530 6264 1114 5910 (19645) (16717) 4192772 6690357<br />
MISCELLANEOUS EXPENDITURE (to the extent not<br />
written off or adjusted) 7559 7033<br />
DEBIT BALANCE IN PROFIT & LOSS ACCOUNT<br />
(Shareholders’ Account) 6935 9495 155807 129776 1805225 1619657<br />
Debit Balance in Policyholders’ A/c 270 2880 251648 250225<br />
TOTAL 108379 115640 3952581 4691646 201965 202247 184762 299173 1414223 1573612 158364690 171148196<br />
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