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    FORM L 3 Balance Sheet - Mar11

    Uploaded by

    Mukesh Kumar Mukul
    This document is the balance sheet for Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited as of March 31, 2011. It shows that as of that date, the company had total assets of Rs. 34.14 billion consisting primarily of investments held for shareholders and policyholders of Rs. 23.26 billion and loans of Rs. 2.78 billion. On the liabilities side, the largest items were policy liabilities of Rs. 11.73 billion and funds for future appropriation of Rs. 19.12 billion, bringing total sources of funds to Rs. 34.14 billion.

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    Download as PDF, TXT or read online from Scribd

    FORM L 3 Balance Sheet - Mar11

    Uploaded by

    Mukesh Kumar Mukul
    5 views1 page
    This document is the balance sheet for Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited as of March 31, 2011. It shows that as of that date, the company had total assets of Rs. 34.14 billion consisting primarily of investments held for shareholders and policyholders of Rs. 23.26 billion and loans of Rs. 2.78 billion. On the liabilities side, the largest items were policy liabilities of Rs. 11.73 billion and funds for future appropriation of Rs. 19.12 billion, bringing total sources of funds to Rs. 34.14 billion.

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    FORM L 3 Balance Sheet_mar11

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    This document is the balance sheet for Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited as of March 31, 2011. It shows that as of that date, the company had total assets of Rs. 34.14 billion consisting primarily of investments held for shareholders and policyholders of Rs. 23.26 billion and loans of Rs. 2.78 billion. On the liabilities side, the largest items were policy liabilities of Rs. 11.73 billion and funds for future appropriation of Rs. 19.12 billion, bringing total sources of funds to Rs. 34.14 billion.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views1 page

    FORM L 3 Balance Sheet - Mar11

    Uploaded by

    Mukesh Kumar Mukul
    This document is the balance sheet for Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited as of March 31, 2011. It shows that as of that date, the company had total assets of Rs. 34.14 billion consisting primarily of investments held for shareholders and policyholders of Rs. 23.26 billion and loans of Rs. 2.78 billion. On the liabilities side, the largest items were policy liabilities of Rs. 11.73 billion and funds for future appropriation of Rs. 19.12 billion, bringing total sources of funds to Rs. 34.14 billion.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    FORM L-3 Balance Sheet Name of the Insurer: Canara HSBC Oriental Bank of Commerce Life Insurance Company

    Limited Registration No. 136; Date of Registration : May 8, 2008 BALANCE SHEET AS AT 31ST MARCH 2011 Particulars Schedule As at Mar 31, 2011 (` '000) SOURCES OF FUNDS SHAREHOLDERS FUNDS: Share Capital Reserves and Surplus Credit/Debit Fair Value Change Account (Net) Sub-Total BORROWINGS POLICYHOLDERS FUNDS: Credit/Debit Fair Value Change Account (Net) Policy Liabilities Linked Non Participating - Individual Life Linked Non Participating - Pension Non Linked Non Par-Pension Non Linked Non Par-Life Insurance Reserves Provision for Linked Liabilities Linked Non Participating - Individual Life Linked Non Participating - Pension Sub-Total Funds for Future Appropriation TOTAL APPLICATION OF FUNDS INVESTMENTS Shareholders Policyholders Assets held to cover linked liabilites LOANS FIXED ASSETS CURRENT ASSETS Cash & Bank Balances Advances & Other Assets Sub-Total (A) CURRENT LIABILITIES PROVISIONS Sub-Total (B) NET CURRENT ASSETS (C) = (A B) MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT (Shareholders Account) TOTAL L-21 L-19 L-20 L-8, L-9 L-10 7,000,000 1,250,000 8,250,000 (2,443) 851,688 116,929 1,111,289 548,695 5,000,000 1,250,000 6,250,000 829,337 55,369 81,214 As at Mar 31, 2010 (` '000)

    L-11

    21,733,270 1,531,545 25,890,973 34,140,973

    9,932,306 832,084 11,730,310 17,980,310

    L-12 L-13 L-14 L-15 L-16

    1,352,314 2,778,191 23,264,815 299,426

    1,450,156 953,368 10,764,390 584,309

    L-17 L-18

    857,613 783,422 1,641,035 1,859,804 19,120 1,878,924 (237,889) 6,684,116 34,140,973

    495,435 387,772 883,207 1,413,757 11,704 1,425,461 (542,254) 4,770,341 17,980,310

    Particulars Partly paid-up investments Claims, other than against policies, not acknowledged as debts by the company Underwriting commitments outstanding (in respect of shares and securities) Guarantees given by or on behalf of the Company Statutory demands/ liabilities in dispute, not provided for Reinsurance obligations to the extent not provided for in accounts Others Claims against policies Service tax on rentals TOTAL The Schedules referred to herein form an integral part of the Financial Statements

    As at Mar 31, 2011 (` '000) 1,760 3,612 5,372

    As at Mar 31, 2010 (` '000) 1,060 1,784 19,550 22,394

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