1. (Rs. ' 000)
Particulars Schedule As at March 31, 2013
As at March 31, 2012 for
corresponding previous
year
SOURCES OF FUNDS
SHAREHOLDERS' FUNDS
Share capital L-8,L-9 7,995,649 7,994,561
Reserves and surplus L-10 - -
Credit / (Debit) Fair value change account 969 237
Sub-Total (A) 7,996,618 7,994,798
Borrowings L-11 - -
Sub-Total (B) - -
POLICYHOLDERS' FUNDS
Credit / (Debit) Fair value change account (1,635) (3,678)
Policy liabilities 9,175,160 5,054,444
Insurance reserves - -
Provision for linked liabilities 16,709,694 16,601,532
Funds for discountinued policies
Discontinued on account of non-payment of premium 106,772 33,878
Others - -
Sub-Total (C) 25,989,991 21,686,176
Funds for future appropriation - -
TOTAL (D) = (A) + (B) + (C) 33,986,609 29,680,974
APPLICATION OF FUNDS
Investments
Shareholders' L-12 2,237,647 3,026,830
Policyholders' L-13 9,710,071 4,960,909
Assets held to cover linked liabilities L-14 16,816,466 16,635,410
Loans L-15 - -
Fixed assets L-16 136,987 172,841
Sub-Total (E) 28,901,171 24,795,990
Current assets
Cash and bank balances L-17 999,287 795,318
Advances and other assets L-18 1,637,296 1,142,639
Sub-Total (F) 2,636,583 1,937,957
Current liabilities L-19 1,747,056 1,358,602
Provisions L-20 35,205 17,919
Sub-Total (G) 1,782,261 1,376,521
Net Current Assets/(Liabilities) (H) = (F) – (G) 854,322 561,436
Miscellaneous expenditure (to the extent not written off or adjusted) L-21 - -
Debit balance in Profit & Loss Account (Shareholders' account) 4,231,116 4,323,548
Sub-Total (I) 4,231,116 4,323,548
TOTAL (J) = (E) + (H) + (I) 33,986,609 29,680,974
CONTINGENT LIABILITIES
(Rs. ' 000)
Particulars
For the year ended
March 31, 2013
For the corresponding
previous year ended
March 31, 2012
Partly paid-up investments
Claims, other than against policies, not acknowledged as debts by the company Nil Nil
Underwriting commitments outstanding (in respect of shares and securities) Nil Nil
Guarantees given by or on behalf of the Company Nil Nil
Statutory demands/ liabilities in dispute, not provided for 358,263 123,291
Reinsurance obligations to the extent not provided for in accounts Nil Nil
Others-Policy Related Claims under litigation 71,917 7,614
TOTAL 430,180 130,905
FORM L-3-A-BS
[IRDA Registration No.135 dated 19th December 2007]
BALANCE SHEET AS AT MARCH 31, 2013