LIFE INSURANCE CORPORATION (NEPAL) LIMITED
|
||||
| S.N. |
Particulars | Annexure | Current year | Previous Year |
| Sources | ||||
1 |
Paid up capital | 16 |
250,000,000.00 | 250,000,000.00 |
2 |
Reserve & Surplus | 17 |
9,859,032.10 | 50,961,588.30 |
3 |
Life Insurance Fund | 11 |
2,492,329,056.33 | 1,688,904,780.15 |
4 |
CatastropheReserve | 18 |
- | - |
5 |
Long term loan & Borrowing | 19 |
||
| Total Sources | 2,752,188,088.43 | 1,989,866,368.45 | ||
| Uses | ||||
6 |
Fixed Assets (Net) | 20 |
5,860,365.36 | 6,220,356.98 |
7 |
Investment | 21 |
2,577,194,735.24 | 2,109,089,453.44 |
8 |
Policy Loan | 3 |
92,965,629.79 | 25,334,933.00 |
| Current Assets, Loans and advances: | ||||
9 |
Cash and Bank Balance | 22 |
52,686,867.10 | 45,287,772.53 |
10 |
Other Loan | 23 |
18,959,489.62 | 9,741,239.30 |
11 |
Other Assets | 24 |
93,410,854.47 | 67,742,702.51 |
| Total (A) | 2,841,077,941.58 | 2,263,416,457.76 | ||
| Current liabilities and provisions: | ||||
12 |
Current Liabilities | 25 |
135,255,960.25 | 304,743,253.58 |
13 |
Provision for Unexpired Risk | 26 |
||
14 |
Claims Payable | 9 |
8,658,010.00 | 7,086,500.00 |
| Total (B) | 143,913,970.25 | 311,829,753.58 | ||
15 |
Net Current Assets C = (A-B) | 2,697,163,971.33 | 1,951,586,704.18 | |
16 |
Miscellaneous Expenses(To the extent not written off) | 27 |
55,024,117.10 | 38,279,664.27 |
17 |
Loss Transferred From Profit & Loss Account | |||
| Total Uses (6+7+8+15+16+17) | 5,428,208,818.82 | 4,130,511,111.87 | ||
| Contingent Liabilities and Annexures 3,9,11& 16 to 29 are integral part of this Balance Sheet. | ||||
| Contingent liabilties | ||||
| S.N. | Particulars | Current year | Previous Year | |
1 |
>Unpaid Investment | |||
2 |
Underwriting Commitment | |||
3 |
Claim other than insurance business not accepted by the compan | |||
4 |
Guarantee issued by insured or on behalf of insured | |||
5 |
Other (Death Claims Repudiated) | 7,115,000.00 | 5,265,000.00 | |
| Total | 7,115,000.00 | 5,265,000.00 | ||