P&L Account for the year ended 31st March, 2009 |
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2008-09
( Current Year )
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2007-08
( Previous Year )
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| 1. Operating Profit / Loss(-) | ||||
| ( a ) Fire Insurance | -387158 | -2303058 | ||
| ( b ) Marine Insurance | -707751 | -1919679 | ||
| ( c ) Miscellaneous Insurance | 10236785 | 7776245 | ||
| ( d ) Life Insurance | 93209 | 45349 | ||
| 2. Income from investment | ||||
| ( a ) Interest , Dividend & Rents - Gross | 4686547 | 4061412 | ||
| ( b ) Profit on Sale of Investments ( Net ) | 1814540 | 3394631 | ||
| 3. Other Income : | ||||
| ( a ) Profit on Exchange | 1874134 | 0 | ||
| ( b ) Profit on sale of Assets ( Net ) | 366 | 231 | ||
| ( c ) Interest on Income-tax Refund | 130845 | 196234 | ||
| ( d ) Miscellaneous Receipts | 764994 | 514843 | ||
| Total ( A ) | 18506511 | 11766208 | ||
| 4. Provision for Doubtful Loans, Investment & Debts | -13066 | -94490 | ||
| 5. Amortisation of premium on Investments | 296921 | 338864 | ||
| 6. Diminution in the value of investments written off | 97725 | 65731 | ||
| 7. Other Expense : | ||||
| ( a ) Expenses relating to Investments | 11198 | 14315 | ||
| ( b ) Loss on Exchange | 0 | 735616 | ||
| ( c ) Sundry Balances Written off ( Net ) | 8 | 2422 | ||
| ( d ) Loss on Distribution of LPA Assets | -2160 | 30793 | ||
| Total ( B ) | 390626 | 1093251 | ||
| Profit Before Tax | 18115885 | 10672957 | ||
| Provision for Taxation : | ||||
| ( a ) Current Tax | 3915860 | 1474353 | ||
| ( b ) Wealth Tax | 1259 | 50 | ||
| ( c ) Deferred Tax | -219846 | -740742 | ||
| ( d ) frnge benefit tax | 18500 | 11470 | ||
| Provision for Tax in respect of earlier years | 328159 | 0 | ||
| Profit after Tax | 14071953 | 9927826 | ||
| Balance brought forward from last year | 128 | 462 | ||
| Profit available for appropriation | 14072081 | 9928288 | ||
| Appropriations | ||||
| ( a ) Proposed Dividend | 2795000 | 1978000 | ||
| ( b ) Dividend Distribution Tax | 475010 | 336161 | ||
| ( c ) Transfer to General Reserve | 10802000 | 7614000 | ||
| Balance carried forward to Balance Sheet | 71 | 127 | ||
| 14072081 | 9928288 | |||
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