annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10LIFE INSURERS : BALANCE SHEET(AS ON 31 st MARCH)Cont’d... STATEMENT 21(` Lakh)PARTICULARS FUTURE GENERALI IDBI FEDERAL AEGON RELIGARE CANARA HSBC DLF PRAMERICA STAR UNION DAI-ICHI INDIAFIRST# TOTAL2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2010 2009SOURCES OF FUNDSSHAREHOLDERS’ FUNDS:SHARE CAPITAL 70200 46850 44924 44891 57000 30000 50000 40000 22130 13705 25000 15000 20000 2101923 1825369ADVANCE AGAINST SHARE CAPITAL 18487 15342SHARE APPLICATION MONEY PENDING ALLOTMENT 6258 3404 24503 19886EMPLOYEES STOCK OPTION OUTSTANDING 7908 884RESERVES AND SURPLUS 12500 12500 17000 13000 818302 679577CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT (6) 3 7 (28) 1 0 0 5 48 17 44 3759 (1591)Sub-Total 76452 50257 44930 44863 57001 30000 62500 52500 22131 13710 42048 15017 33044 2974883 2539466BORROWINGS 3278 3948POLICYHOLDERS’ FUNDS:CREDIT/[DEBIT] FAIR VALUE CHANGE ACCOUNT 1 1 13076 1653 11445200 2774512REVALUATION RESERVE-INVESTMENT PROPERTY 6689 3163POLICY LIABILITIES 18884 3217 9778 2526 1323 402 9659 3119 99 4 4318 462 125 86986116 74339003INSURANCE RESERVES 366985 364672PROVISION FOR LINKED LIABILITIES 27838 8471 81402 27766 107644 21388 3081 255 48474 3449 17347 33595999 17392713Sub-Total 46721 11690 91181 30292 14399 2055 117303 24507 3180 259 52793 3911 17472 132404265 94878010DEFERRED TAX LIABILITYFUNDS FOR FUTURE APPROPRIATIONS 2190 0 126 5 2 308257 196318TOTAL 125363 61947 136111 75155 71526 32060 179803 77007 25311 13969 94841 18928 50518 135687405 97613794APPLICATION OF FUNDSINVESTMENTSShareholders’ 10202 15279 19492 29120 10357 5315 14502 27737 8354 7824 35369 12500 32866 943495 727211Policyholders’ 19019 3079 9381 2516 1364 450 9534 3277 165 16 3605 11 125 86721641 66204758ASSETS HELD TO COVER LINKED LIABILITIES 30028 8471 81402 27766 13202 1658 107644 21388 3081 255 48474 3449 17349 34799690 17776656LOANS 8315986 7960813FIXED ASSETS 753 7914 1721 1897 4521 5768 5843 5254 604 1406 2062 2155 2908 483834 485259INCIDENTAL EXPENSES PENDING CAPITALISATIONDEFERRED TAX ASSET 29552 31808CURRENT ASSETSCash and Bank Balances 5254 2224 10853 6180 2526 959 4954 2306 743 464 11649 4348 1533 1764078 2034927Advances and Other Assets 6437 4088 8451 5311 4871 3401 3878 2800 1741 790 3418 630 666 3857746 3452740Sub-Total (A) 11691 6312 19304 11492 7397 4361 8832 5106 2485 1254 15067 4978 2199 5621823 5487667CURRENT LIABILITIES 10694 7885 19123 11043 5247 2541 14138 8723 3034 1156 13660 6107 10104 1628194 1174427Provisions 278 178 136 170 1284 762 117 120 118 76 182 24 29 1622319 1616639Sub-Total (B) 10972 8063 19259 11212 6531 3303 14255 8843 3153 1232 13842 6131 10132 3250513 2791066NET CURRENT ASSETS (C) = (A – B) 719 (1751) 45 280 866 1058 (5423) (3737) (668) 22 1225 (1153) (7934) 2371310 2696601MISCELLANEOUS EXPENDITURE(to the extent not written off or adjusted) 7580 254DEBIT BALANCE IN PROFIT & LOSS ACCOUNT(Shareholders’ Account) 64642 28955 24071 13576 1997 2379 47703 23087 13775 4446 4106 1965 5204 1776151 1537093Debit Balance in Policyholders’ A/c 39220 15432 238166 193342TOTAL 125363 61947 136111 75155 71526 32060 179803 77007 25311 13969 94841 18928 50518 135687405 97613794# Commenced operations during 2009-10124