LIFE INSURANCE CORPORATION (NEPAL) LIMITED
Profit and Loss Account
For the year of 2064/2065 (2007/2008)
S.N.
 Particular Anx Current year Previous Year
Income
-
-
1
 Transferred from Revenue A/c
10
-
-
2
 Transferred from Life Insurance fund
11
-
56,623,987.00
3
 Income From Investment Loan and Others
2
13,608,988.84
12,167,264.14
4
 Written Back Provision
12
-
-
5
 Other Income
-
-
Total Income (A)
13,608,988.84
68,791,251.14
Expenses
-
-
6
 Management expenses
7
5,383,500.39
5,891,990.18
7
 Written off expenses
13
-
4,706.76
8
 Other expenses
14
-
-
9
 Provision for loss
15
861,822.00
-
10
 Provision for Employees housing
-
-
11
 Provision for Employees Bonus
509,189.81
5,662,398.70
12
 Income tax
8
1,762,578.56
1,568,578.41
13
 Transferred to Life Fund
11
4,701,988.79
Total Expenses (B)
8,517,090.76
17,829,662.84
14
 Net profit/(loss) C = (A-B)
5,091,898.08
50,961,588.30
15
 Expenses pertains to Prevoius year
-
-
16
 Profit transferred from previous year
42,267,134.02
-
Amount available for Appropriation
47,359,032.10
50,961,588.30
17
 (a) Capital reserve
-
-
(b) Catastrophy reserve
-
-
© Special reserve
-
-
(d) Other reserve
-
-
(e) Proposed dividend
37,500,000.00
-
18
 Profit transferred to Balance sheet
9,859,032.10
50,961,588.30
Annexures 2,7,8 &10 to 15 are integral part of this Profit & Loss Account.
 

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