2006 - Central Bank of Trinidad and Tobago

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESTHE BEACON INSURANCE COMPANY LIMITEDINCORPORATED - 1970Directors: G.S.HADEED; P. BRYAN; R. LEWIS; L. GONSALVES; F. DE NOBRIGASecretary: D. GONZALEZAuditors: PRICEWATERHOUSECOOPERSActuary: ECKLER PARTNERS, PRESCIENCE INSURANCE CONSULTANTS & ACTUARIESCountries other than Trinidad and Tobago in which the Company writes Business: Barbados, Commonwealthof Dominica, Grenada, St Lucia, St. Vincent and The Grenadines.Summary of Balance Sheet in respect of Trinidad and TobagoBusiness as at 30th June, 2006assets $ $Investments:Fixed Deposits with BankSecurities guaranteed by the Gov’t of T&TUK Government SecuritiesOther Foreign Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handMortgage LoansLoans on Debentures of SharesAmounts due from BrokersAmounts due from PolicyholdersAmounts due from other Insurance CompaniesSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS14,220,07311,308,000964,5961,205,96910,358,6045,292,7782,175,3533,915,10049,440,4737,848,9681,598,9181,160,4017,091,3463,572,4322,745,0731,195,7971,896,7359,454,29086,004,433liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities24,644,21017,333,54811,383,107860,5216,753,495NET LIABILITIESPaid-up Share CapitalNon- Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES60,974,88110,000,000(2,653,075)4,228,7658,068,9305,384,93286,004,433REPORT ON INSURANCE AND PENSIONS 107