2006 - Central Bank of Trinidad and Tobago

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary: N. PATRICKAuditors:Actuary:COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITEDINCORPORATED – 1936L. A. DUPREY; K. GARDIER; I. GARCIA; H. C. CHARLES; G. DZIAYK; S. DEONARINE; V. NAIPAULPRICEWATERHOUSECOOPERSPRESCIENCE INSURANCE CONSULTANTS & ACTUARIESCountries other than Trinidad and Tobago in which the Company writes business: Cayman IslandsSummary of Balance Sheet in respect of Trinidad and TobagoBusiness as at 31st December, 2006assets $ $Investments:Fixed Deposits with BankFixed Deposits with Other Financial InstitutionsTrinidad and Tobago Government SecuritiesUK Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesPreference shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesCash on Current Account and in handMortgage LoansPolicy LoansAmounts due from BrokersAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,831,077,62035,933,085564,993,6808,067,2556,635,479,448725,614,34234,74051,200,642645,827,069157,614,685liabilities $ $12,655,842,566176,846,19877,381,15686,660,775(886,751)2,200,850227,966,114449,229,953716,687,379444,436,13614,836,364,376Insurance FundsPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersBank Loans and OverdraftsAnnuities due and unpaidOther Liabilities9,751,251,41627,015,89214,569,7674,559,851882,653,83316,699,3253,110,492,386NET LIABILITIESPaid-up Share CapitalNon- Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES13,807,242,4707,500,000(3,981,093,579)4,619,865,674319,481,58363,368,22814,836,364,376REPORT ON INSURANCE AND PENSIONS 85