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ANNUAL REPORT 2011-12<br />

STATEMENT 68<br />

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD. (ECGC):<br />

SHAREHOLDERS ACCOUNT<br />

(` Lakh)<br />

PARTICULARS 2010-11 2011-12<br />

OPERATING PROFIT/(LOSS)<br />

(a) Fire Insurance<br />

(b) Marine Insurance<br />

(c) Miscellaneous Insurance (3022.51) 16694.73<br />

(3022.51) 16694.73<br />

INCOME FROM INVESTMENTS<br />

(a) Interest, Dividend & Rent – Gross 13667.14 16141.43<br />

(b) Profi t on sale of investments 346.23 124.00<br />

Less: Loss on sale of investments<br />

OTHER INCOME 1062.98 131.08<br />

TOTAL (A) 12053.83 33091.23<br />

PROVISIONS (Other than taxation)<br />

(a) For diminution in the value of investments<br />

(b) For doubtful debts 6.00<br />

(c) Others<br />

OTHER EXPENSES<br />

(a) Expenses other than those related to Insurance Business<br />

(b) Bad debts written off<br />

(c) Others 285.20 318.84<br />

TOTAL (B) 291.20 318.84<br />

Profi t Before Tax 11762.63 32772.39<br />

Provision for Taxation 3589.38 10188.36<br />

Prior Period Adjustments (393.20) 63.04<br />

Profi t after Tax 8566.46 22520.99<br />

APPROPRIATIONS<br />

(a) Interim dividends paid during the year 2700.00<br />

(b) Dividend distribution tax on Interim Dividends 438.01<br />

(b) Proposed fi nal dividend 2610.00 2700.00<br />

(c) Dividend distribution tax 423.41 438.01<br />

(d) Transfer to any Reserves or Other Accounts<br />

Transfer to General Reserve 5534.00 16245.00<br />

Balance of Profi t / Loss B/f from last year 1.98 1.03<br />

Balance C/f to Balance Sheet 1.03 1.01<br />

Note : Figures in brackets indicate negative values<br />

233

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