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ANNUAL REPORT 2011-12<br />

AGRICULTURE INSURANCE COMPANY OF INDIA LTD. (AIC) :<br />

SHAREHOLDERS ACCOUNT<br />

STATEMENT 71<br />

(` Lakh)<br />

PARTICULARS 2010-11 2011-12<br />

OPERATING PROFIT/(LOSS)<br />

(a) Fire Insurance<br />

(b) Marine Insurance<br />

(c) Miscellaneous Insurance 52028.06 64829.98<br />

52028.06 64829.98<br />

INCOME FROM INVESTMENTS<br />

(a) Interest, Dividend & Rent – Gross 5199.07 9377.01<br />

(b) Profi t on sale of investments 61.45 0.22<br />

Less: Loss on sale of investments<br />

OTHER INCOME 64.51 459.64<br />

TOTAL (A) 57353.09 74666.85<br />

PROVISIONS (Other than taxation)<br />

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

(b) For doubtful debts -135.50<br />

(c) Others 83.91 124.30<br />

OTHER EXPENSES<br />

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

(b) Bad debts written off<br />

(c) Others 110.45 88.09<br />

TOTAL (B) 58.86 212.39<br />

Profi t Before Tax 57294.23 74454.46<br />

Provision for Taxation 19264.65 24241.59<br />

Profi t after Tax 38029.58 50212.87<br />

APPROPRIATIONS<br />

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

(b) Proposed fi nal dividend 2000.00 2500.00<br />

(c) Dividend distribution tax 324.45 405.56<br />

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

Transfer to General Reserve 35705.13 47307.31<br />

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

Balance C/f to Balance Sheet<br />

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

236

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