annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10INSURANCE REGULATORY AND DEVELOPMENT AUTHORITYAttached to and forming part of Balance Sheet as at 31 st March, 2010CURRENT ASSETS, LOANS AND ADVANCESPARTICULARS Figures for the Figures for theCurrent Year Previous Year(2009-10) (2008-09)``DEPOSITSHouse Lease Advance 47,825Security Deposits - Telephone 66,674 68,663Security Deposits - Electricity 350,375 282,099Security Deposits - Fuel 7,650 7,650Security Deposits - Rent 1,008,900 314,300TOTAL 1,433,599 720,537LOANS & ADVANCES TO STAFFHousing Loan to Staff 42,561,444 41,607,168Loans to Staff for other purposes 9,108,965 7,605,368Other - Advances - Festival 557,568 485,787Interest Recoverable 7,642,795 5,092,307Advance Others 3,636,387 -Advance - Soft Furnishing 232,100 350,000TOTAL 63,739,259 55,140,630AMOUNTS DUE FROM INSURANCE COMPANIES & OTHERSInsurance Companies [Indicates the amount due from State Insurance Companies] - 69,100Agents - [Indicates the amount of expired cheques in hand received from agents earlier] - 37,400TOTAL - 106,500Other Current AssetsPrepaid Expenses - 1,672,460Interest Accrued but not due - Bank Deposits 117,902,040 124,000,652Amount recoverable- others 657,738 525,308Advances on Capital Account - [For software development] 204,120 204,120Advance to Institute of Insurance and Risk Management 24,215,293 25,888,906Advance to PFRDA - 1,681,305Other -Advance for Travel 405,117 207,435TOTAL 143,384,308 154,180,186CASH AND BANK BALANCESCash in hand 52,622 63,723Cheques in hand -Cash/ Cheque in transit -Balances with Scheduled Banks(a) In Current Account 34,702,549 6,546,312(b) In Deposit Account -(c) In Savings Bank Account 21,987 23,237TOTAL 34,724,536 6,569,550Balance with Non Scheduled Bank(a) In Current Account - -(b) In Deposit Account - -TOTAL - -(N Srinivasa Rao) (G.Prabhakara) (R.Kannan)FA & CAO Member Member(K.K.Srinivasan) (R.K Nair) (J Hari Narayan)Member Member ChairmanANNEXURE III240