annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10LIFE INSURERS : BALANCE SHEET(AS ON 31 st MARCH)Cont’d... STATEMENT 21(` Lakh)PARTICULARS BAJAJ ALLIANZ SBI LIFE KOTAK MAHINDRA TATA AIG METLIFE AVIVA SAHARA SHRIRAM BHARTI AXA2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009SOURCES OF FUNDSSHAREHOLDERS’ FUNDS:SHARE CAPITAL 15071 15071 100000 100000 51029 51029 192050 151950 177479 158000 188880 149180 23200 23200 12500 12500 113135 66843ADVANCE AGAINST SHARE CAPITAL 18487 15342SHARE APPLICATION MONEY PENDING ALLOTMENT 10000EMPLOYEES STOCK OPTION OUTSTANDINGRESERVES AND SURPLUS 105996 105996 25487 5204 5204 1102 354 730 2536 17399 8957CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 1036 0 2 14 50 1 152 (170)Sub-Total 121066 121066 126523 100000 56233 56233 192050 151950 195968 173356 188880 149180 24302 23554 13280 15037 130687 85630BORROWINGS 3278 3947POLICYHOLDERS’ FUNDS:CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 284 70 12197 160 498 4476 (2043) 0 95 2REVALUATION RESERVE-INVESTMENT PROPERTYPOLICY LIABILITIES 302934 179982 966862 624216 92368 70708 273246 209042 75008 54541 9752 6937 16561 10143 8601 4420 4295 1923INSURANCE RESERVES 528 380PROVISION FOR LINKED LIABILITIES 2841462 1406530 1706268 677284 524026 292228 615554 246132 481961 208889 590024 335028 47462 20487 118412 54560 79230 19900Sub-Total 3144680 1586582 2685327 1301659 617420 363316 893276 453131 560247 267377 599776 341965 64118 30630 127012 58980 83527 21823DEFERRED TAX LIABILITYFUNDS FOR FUTURE APPROPRIATIONS 38746 50233 2462 812 20569 10862 15359 13628 8074 3773 13832 11080 821 48 181 192TOTAL 3304492 1757881 2814312 1402472 694222 430411 1100685 618708 764288 444506 802488 502225 89241 54232 140474 74208 214213 107453APPLICATION OF FUNDSINVESTMENTSShareholders’ 154538 76952 68791 93537 24918 28231 39835 23910 27434 25762 33956 35162 22355 17967 15412 15410 9444 9589Policyholders’ 346223 232171 1077624 682835 101474 62777 286568 221325 82387 56586 9121 15450 16809 10208 8334 4182 4298 1924ASSETS HELD TO COVER LINKED LIABILITIES 2841462 1406530 1708731 678096 544585 303080 619149 245819 485242 210583 603856 336925 47465 20487 118412 54560 79230 19900LOANS 1303 770 522 583 4534 2897 977 414 10 2 12FIXED ASSETS 17940 16444 23270 6998 5599 5690 10828 15579 10645 11464 4822 5277 673 815 1959 589 2052 4413INCIDENTAL EXPENSES PENDING CAPITALISATIONDEFERRED TAX ASSETCURRENT ASSETSCash and Bank Balances 21869 35530 46312 12806 8695 12827 13569 19550 9336 11495 18304 2553 2248 1565 5102 6408 4521 2928Advances and Other Assets 31116 17831 33242 27728 10628 9392 20569 20563 13021 13714 11441 12248 2456 2112 2173 1651 9280 9694Sub-Total (A) 52985 53360 79553 40534 19323 22219 34138 40114 22357 25209 29745 14801 4704 3676 7275 8059 13801 12621CURRENT LIABILITIES 105187 80138 143039 100712 25998 23204 54604 50971 39588 33070 27676 20517 2735 1741 10797 8503 16033 14637Provisions 6602 4267 617 975 1714 1398 748 949 2011 1804 2062 1128 40 56 133 89 386 348Sub-Total (B) 111789 84405 143657 101687 27712 24603 55352 51920 41598 34874 29739 21645 2775 1797 10929 8593 16419 14985NET CURRENT ASSETS (C) = (A – B) (58804) (31045) (64103) (61153) (8388) (2383) (21214) (11807) (19242) (9665) 6 (6844) 1929 1879 (3654) (533) (2618) (2363)MISCELLANEOUS EXPENDITURE(to the extent not written off or adjusted)DEBIT BALANCE IN PROFIT & LOSS ACCOUNT(Shareholders’ Account) 1830 56058 2158 25512 32434 160986 120985 10462 12968 150726 116255 2874 89244 32475Debit Balance in Policyholders’ A/c 166383 136394 32563 41515TOTAL 3304492 1757881 2814312 1402472 694222 430411 1100685 618708 764288 444506 802488 502225 89241 54232 140474 74208 214213 107453123