| P&L Account for t he year ended 31st March, 2011 | |||
| (Rs.'000) | |||
| 2010-11 | 2009-10 | ||
| ( Current Year ) | ( Previous Year ) | ||
| 1. Operating Profit / Loss(-) | |||
| ( a ) Fire Insurance | 2469 445 | 3277068 | |
| ( b ) Marine Insurance | 1753 333 | 2631188 | |
| ( c ) Miscellaneous Insurance | -1936959 | -824557 | |
| ( d ) Life Insurance | 40 146 | 48499 | |
| 2. Income from investment | |||
| ( a ) Interest , Dividend & Rents - Gross | 5963 945 | 5120083 | |
| ( b ) Profit on Sale of Investments ( Net ) | 2836 902 | 3092662 | |
| 3. Other Income : | |||
| ( a ) Profit on Exchange | 266 297 | 0 | |
| ( b ) Profit on sale of Assets ( Net ) | 237 | 106 | |
| ( c ) Interest on Income-tax Refund | 1194 290 | 1856404 | |
| ( d ) Miscellaneous Receipts | 258 193 | 344230 | |
| Total ( A ) | 12845 829 | 15545683 | |
| 4. Provision for Doubtful Loans, Investment & Debts | 364 256 | -143775 | |
| 5. Amortisation of premium on Investments | 227 330 | 254403 | |
| 6. Diminution in the value of investments written off | 319 238 | 130284 | |
| 7. Other Expense : | |||
| ( a ) Expenses relating to Investments | 18 319 | 14519 | |
| ( b ) Loss on Exchange | 0 | 2383543 | |
| ( c ) Sundry Balances Written off ( Net ) | 1 298 | 0 | |
| ( d ) Loss on Distribution of LPA Assets | 0 | ||
| (e) Interest on Service Tax | 21 902 | 4688 | |
| Total ( B ) | 952 343 | 2643662 | |
| Profit Before Tax | 11893 486 | 12902021 | |
| Provision for Taxation : | |||
| ( a ) Current Tax | 2755 000 | 1701194 | |
| ( b ) Wealth Tax | 1 916 | 1559 | |
| ( c ) Deferred Tax | -32 877 | -772626 | |
| ( d ) frnge benefit tax | 0 | -5032 | |
| Provision for Tax in respect of earlier years | -1164 647 | -5769139 | |
| Profit after Tax | 10334 094 | 17746065 | |
| Balance brought forward from last year | 610 | 71 | |
| Profit available for appropriation | 10334 704 | 17746136 | |
| Appropriations | |||
| ( a ) Proposed Dividend | 2064 000 | 3526000 | |
| ( b ) Dividend Distribution Tax | 342 805 | 585625 | |
| ( c ) Transfer to General Reserve | 7927 300 | 13633901 | |
| Balance carried forward to Balance Sheet | 599 | 610 | |
| 10334 704 | 17746136 | ||
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