annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10LIFE INSURERS : BALANCE SHEET(AS ON 31 st MARCH)STATEMENT 21(` Lakh)PARTICULARS BIRLA SUN LIFE ICICI PRUDENTIAL ING VYSYA LIC HDFC STANDARD MAX NEW YORK RELIANCE2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009SOURCES OF FUNDSSHAREHOLDERS’ FUNDS:SHARE CAPITAL 196950 187950 142814 142726 101915 101915 500 500 196800 179582 183882 178243 116464 116233ADVANCE AGAINST SHARE CAPITALSHARE APPLICATION MONEY PENDING ALLOTMENT 11 23 18235 6459EMPLOYEES STOCK OPTION OUTSTANDING 9 85 7900 799RESERVES AND SURPLUS 48000 12000 335884 335292 36087 33108 5529 5529 13414 180970 158101CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 3 2 (96) (15) 64 6 1844 (776) 404 78 207 (729)Sub-Total 244953 199952 478622 478111 120214 108380 36587 33608 204173 184335 205599 179121 297642 273605BORROWINGS 1POLICYHOLDERS’ FUNDS:CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 7 1 24934 2132 79 (447) 11386815 2776896 2051 (2969) 7 0 677 (942)REVALUATION RESERVE-INVESTMENT PROPERTY 6689 3163POLICY LIABILITIES 78608 39994 358933 299871 129994 91368 83940026 72217682 376669 290924 259314 195050 48758 32472INSURANCE RESERVES 366457 364292PROVISION FOR LINKED LIABILITIES 1456730 819694 5037610 2805489 327772 169728 16003617 8728878 1552178 687829 657794 303488 1270115 555238Sub-Total 1535344 859688 5428166 3110655 457845 260650 111696915 84087748 1930898 975785 917115 498539 1319550 586769DEFERRED TAX LIABILITYFUNDS FOR FUTURE APPROPRIATIONS 29842 12896 123242 71733 2653 661 8116 5931 25548 11184 6229 1695 10264 1587TOTAL 1810140 1072536 6030029 3660499 580712 369692 111741618 84127287 2160620 1171303 1128944 679354 1627456 861962APPLICATION OF FUNDSINVESTMENTSShareholders’ 50440 46701 128503 66201 18359 23386 35376 31950 63048 42916 83013 52291 36931 39470Policyholders’ 105817 50442 445657 341641 131922 83721 83304127 63896170 434154 301527 271289 200183 52645 34266ASSETS HELD TO COVER LINKED LIABILITIES 1456730 819694 5146926 2861395 327729 169014 17032518 9041029 1552178 687829 657794 303488 1276506 555238LOANS 2655 2235 1160 1960 823 464 8299709 7947712 404 302 861 483 3018 2991FIXED ASSETS 6982 8443 26340 33121 1732 2634 312299 297980 11438 14513 27448 32487 1397 4415INCIDENTAL EXPENSES PENDING CAPITALISATIONDEFERRED TAX ASSET 29552 31808CURRENT ASSETSCash and Bank Balances 56980 51897 30540 35588 9868 11760 1415893 1729264 28264 41087 5187 2165 49878 41025Advances and Other Assets 12154 10443 29660 36155 13463 18905 3531917 3142203 49178 54287 44536 44500 13452 14293Sub-Total (A) 69133 62340 60200 71743 23330 30665 4947809 4871467 77441 95374 49723 46664 63330 55318CURRENT LIABILITIES 81135 73996 157170 113037 27978 31303 592822 371805 122816 88202 71102 56502 73514 68634Provisions 3231 2524 2988 11979 96 106 1597398 1587217 1876 2088 28 270 243 111Sub-Total (B) 84367 76519 160159 125017 28074 31409 2190220 1959022 124692 90290 71130 56772 73757 68745NET CURRENT ASSETS (C) = (A – B) (15233) (14179) (99958) (53274) (4744) (744) 2757590 2912445 (47251) 5083 (21408) (10108) (10427) (13427)MISCELLANEOUS EXPENDITURE(to the extent not written off or adjusted) 7580 254 DEBITBALANCE IN PROFIT & LOSS ACCOUNT(Shareholders’ Account) 202750 159201 351849 377646 104892 91215 146650 119131 102367 100275 267387 239008Debit Balance in Policyholders’ A/cTOTAL 1810140 1072536 6030029 3660499 580712 369692 111741618 84127287 2160620 1171303 1128944 679354 1627456 861962122