2006 - Central Bank of Trinidad and Tobago

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESMEGA INSURANCE COMPANY LIMITEDINCORPORATED - 1980Directors: W. WINCHESTER; B. DOYLE; E. CHEONG; I. BEHARRY; K. CHOLMONDELEY;C. GILL; P. GILLETTE; K. ISAACS; H. RUSSELL; A. TOMYEWSecretary: P. ALEONGAuditors: PRICEWATERHOUSECOOPERSActuary: PRESCIENCE INSURANCE CONSULTING AND ACTUARIES INC.Countries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect of Trinidad and TobagoBusiness as at 31st December, 2006assets $ $Investments:Fixed Deposits with BankTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Cash on Current Account and in handMortgage LoansPolicy LoansPolicy Loan Interest AccruedAmounts due from PolicyholdersAmounts due from other Insurance CompaniesInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS33,472,06511,407,82219,507,08520,043,7964,337,89188,768,6593,206,0201,916,2147,174,612372,57995,1564,158,388682,4321,932,79955,529,9009,678,900173,515,659liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersDeposits re policiesOther Liabilities139,857,9923,781,11699,060137,363804,528385,3935,920,102NET LIABILITIESPaid-up Share CapitalNon- Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES150,985,55436,465,357(13,457,045)(38,613,257)38,135,050173,515,659REPORT ON INSURANCE AND PENSIONS 95