annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10AGRICULTURE INSURANCE COMPANY OF INDIA LTD. (AIC) :SHAREHOLDERS ACCOUNTPARTICULARS 2009-10 2008-09STATEMENT 64(` Lakh)OPERATING PROFIT/(LOSS)(a) Fire Insurance(b) Marine Insurance(c) Miscellaneous Insurance 3187 308913187 30891INCOME FROM INVESTMENTS(a) Interest, Dividend & Rent – Gross 6786 4935(b) Profit on sale of investments 66Less: Loss on sale of investmentsOTHER INCOME 18 33TOTAL (A) 10056 35859PROVISIONS (Other than taxation)(a) For diminution in the value of investments(b) For doubtful debts(c) Others 157 138OTHER EXPENSES(a) Expenses other than those related to Insurance Business(b) Bad debts written off(c) Others 127 126TOTAL (B) 284 264Profit Before Tax 9773 35594Provision for Taxation 3322 12333Profit after Tax 6451 23261APPROPRIATIONS(a) Interim dividends paid during the year(b) Proposed final dividend 2000(c) Dividend distribution tax 340(d) Transfer to any Reserves or Other AccountsTransfer to General Reserve 20921Balance of Profit / Loss B/f from last yearBalance C/f to Balance SheetNote : Figures in brackets indicate negative values177