2006 - Central Bank of Trinidad and Tobago

APPENDIX AGULF INSURANCE LIMITEDINCORPORATED - 1974Directors: G. LEE-INNISS; E. COLLIER; C. JONES; M. POON TIP; M. SINGH; J. DALGLEISH; P. BUXOSecretary: LEON WILLIAMSAuditors: KPMG CHARTERED ACCOUNTANTSCountries other than Trinidad and Tobago in which the Company writes business: Anguilla, British Virgin Islands,Dominica, Grenada, St. Kitts and Nevis, St. Lucia, St Maarten, US Virgin Islands, Turks & Caicos, Cayman IslandsSummary of Balance Sheet in respect of Trinidad and TobagoBusiness as at 31st March, 2006assets $ $Investments:Fixed Deposits with BankFixed Deposits with Other Financial InstitutionsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesInvestment in dependent companies (insurance)Investment in dependent companies (non-insurance)708,2354,600,0005,100,000815,00012,903,2014,404,5221,153,71118,880,28148,564,950Cash on Current Account and in handAmounts due from Agents and sub-agentsAmounts due from BrokersAmounts due from PolicyholdersAmounts due from other Insurance CompaniesFixed AssetsOther AssetsTOTAL ASSETS7,415,2441,234,0693,085,1731,851,1041,364,91120,143,278(35,592,876)48,065,853liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities7,590,17710,594,698(33,149,770)5,533,422NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES(9,431,473)13,500,00019,571,36424,425,96248,065,85392REPORT ON INSURANCE AND PENSIONS