FORM NL-2-B-PL
Registration No. 112
Date of Registration with IRDA : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010
  Particulars Schedule 31st March 2010 31st March 2009 31st March 2008 31st March 2007 31sr March 2006 31st March 2005
- - - (Rs. '000) (Rs. '000) (Rs. '000) (Rs. '000) (Rs. '000) (Rs. '000)
1. Operating Profit/-Loss - - - - - - -
-   (a)  Fire Insurance - 3277 068 -387 158 -2303 058 604 705 1403 928 2414 412
-   (b)  Marine Insurance - 2631 188 -707 751 -1919 679 -813 201 393 995 -180 341
-   (c)  Miscellaneous Insurance - -824 557 10236 785 7776 245 11740 497 -3447 008 566 986
-   (d)  Life Insurance - 48 499 93 209 45 349 9 036 4 324 -18 754
2. Income from Investments - - - - - - -
-   (a)  Interest, Dividend & Rent - Gross - 5120 083 4686 547 4061 412 3452 851 3386 785 3660 755
-   (b)  Profit on sale of Investments (Net) - 3092 662 1814 540 3394 631 2740 310 2842 407 1820 240
3. Other Income: - - - - - - -
- Profit on Exchange -  0 1874 134  0 433 447  0 178 606
- Profit on sale of Assets (Net) -  106  366  231  283  298  56
- Sundry Balances Written Back (Net) -  0  0  0  0  0  275
- Investment Reserve Written Back - -  0  0  0 5 845  0
- Interest on Income-tax Refund - 1856 404 130 845 196 234 109 280 -17 694 -30 717
- Motor Pool Service Charges - 331 922 738 967 485 564      
- Miscellaneous Receipts - 12 308 26 027 29 279 26 422 57 365 411 277
- Total (A) - 15545 683 18506 511 11766 208 18303 630 4630 245 8822 795
4. Provision for Doubtful Loans, Investment & Debts - -143 775 -13 066 -94 490 -133 900 -475 000 358 000
5. Amortisation of premium on Investments - 254 403 296 921 338 864 349 585 340 022 333 816
6. Diminution in the value of investments written off - 130 284 97 725 65 731 179 333 37 377 122 845
7. Other Expenses : - 14 519 - - - - -
- Expenses relating to Investments - 2383 543 11 198 14 315 10 973 8 961 7 325
- Loss on Exchange -  0  0 735 616  0 289 426  0
- Loss on sale of Assets (Net) -  0  0  0  0  0  0
- Sundry Balances Written off (Net) -  0  8 2 422 3 054  15  0
- Loss on Distribution of LPA Assets - 4 688 -2 160 30 793      
- Total (B) - 2643 662 390 626 1093 251 409 045 200 801 821 986
- Profit Before Tax - 12902 021 18115 885 10672 957 17894 585 4429 444 8000 809
- Provision for Taxation : - - - - -   -
- Current Tax - 1701 194 3915 860 1474 353 1850 000  0 2590 000
- Wealth Tax - 1 559 1 259  50  50  50  50
- Deferred Tax - -772 626 -219 846 -740 742 1080 987 -1739 087 -12 665
- Fringe Benefit Tax - -5 032 18 500 11 470 17 303 34 300  
- Provision for Tax in respect of earlier years (Note no.7)  - -5769 139 328 124  0 -367 204 148 994 3423 183
- Profit after Tax - 17746 065 14071 953 9927 826 15313 449 5985 187 2000 241
- Balance brought forward from last year -  71  128  462  179  607  828
- Profit available for appropriation - 17746 136 14072 081 9928 288 15313 628 5985 794 2001 069
- Appropriations - - - - - - -
- (a)  Proposed dividend (Note no.2) - 3526 000 2795 000 1978 000 3096 000 860 000 645 000
- (b)  Dividend distribution tax - 585 625 475 010 336 161 526 165 120 615 90 462
- (c)  Transfer to General Reserve - 13633 901 10802 000 7614 000 11691 000 5005 000 1265 000
- (d)  Balance carried forward to Balance Sheet -  610  71  127  463  179  607
- - - 17746 136 14072 081 9928 288 15313 628 5985 794 2001 069