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Premier Insurance Co.(Nepal)Ltd. |
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Kathmandu, Nepal |
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Balance Sheet as at 16/7/2002 (32/03/2059) |
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Amount (Rs.) 2000/01 |
Liabilities |
Amount (Rs.) 2001/02 |
Amount (Rs.) 2000/01 |
Assets |
Amount (Rs.) 2001/02 |
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100000000 |
Authorized Shares Capital 10,00,000 Shares of Rs 100 each |
100000000 |
11289209 |
Fixed Assets |
9287618 | |||
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59939735 |
Investment |
72308383 |
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60000000 |
Issued Shares Capital 600000 shares of Rs 100 each |
60000000 |
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39129135 |
Fixed Deposit with Bank & Finance |
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7810600 |
H.M.G.Bond |
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13000000 |
Nagarik Lagani Kosh |
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30000000 |
Paid up Shares Capital 300000 shares of Rs 100 each |
30000000 |
695981 |
Shares |
3737981 |
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Reserve |
34128930.41 |
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14799023 |
Insurance Reserve |
19108797 |
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8877835 |
Sundry Debtors |
12104869 |
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208829 |
Profit & Loss A/c. |
1360708 |
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Reserve for Unexpired Risk |
13659426 |
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4656240 |
Balance at Bank |
5802366 |
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2739825 |
Fire |
2484544 |
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516927 |
Marine |
448217.5 |
4204194 |
Reinsurer Account |
5083627 |
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6388102 |
Motor |
9766429 |
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40751 |
CAR & Engg |
35165.48 |
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1293284 |
Miscellaneous |
925070.2 |
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20465913 |
Liability for O/s. Claims( including IBNR) |
28539337 |
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506250 |
Commission Payable |
517995.15 |
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12704290 |
Sundry Creditors |
15138580.16 |
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89663194 |
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108324842.7 |
89663194 |
108324844 |
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Premier Insurance Co.(Nepal)Ltd. |
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Kathmandu, Nepal |
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Profit & Loss A/c.
For the period of 16/7/2001 to
16/7/2002 (01/04/2058 to 32/03/2059) |
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Amount (Rs.) 2000/01 |
Expenditure |
Amount (Rs.) 2001/02 |
Amount (Rs.) 2000/01 |
Income |
Amount (Rs.) 2001/02 |
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Profit transferred from Revenue A/c.: |
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Profit transferred from Revenue A/c.: |
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6,502,736.00 |
Fire Revenue A/c. |
10,233,318.07 |
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-- |
CAR Engg. Revenue A/c. |
2,502,137.45 |
139,521.00 |
Marine Revenue A/c. |
539,761.25 |
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189,814.00 |
Motor |
407,979.07 |
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856,965.00 |
Depreciation |
2,481,967.21 |
24,746.00 |
CAR Engg Revenue A/c. |
-- |
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479,355.00 |
Misc. Revenue A/c. |
1,101,194.90 |
12,282,253.29 |
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730,774.00 |
Provision for Gratuity |
443,309.00 |
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6,054,458.00 |
Interest on Investment |
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6,115,262.99 |
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1,184,248.00 |
Provision for Bonus |
1,328,123.80 |
30,500.00 |
Dividend |
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30,500.00 |
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-- |
Profit on sale of assets |
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17,707.54 |
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2,452,644.00 |
Provision for Income Tax |
3,333,566.73 |
4,539.00 |
Profit on exchange |
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255,092.17 |
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8,205,588.00 |
Balance transferred to P & L A/c. |
8,619,547.47 |
4,600.00 |
Misc. Income |
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7,835.67 |
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13,430,219.00 |
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18,708,651.66 |
13,430,269.00 |
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18,708,651.66 |