Financial Report 2063/064
Profit & Loss Accounts for the Year ended 31 Ashadh 2064
 Previous Year  Expenditure   Rs.   Previous Year  Income   Rs. 
3,715,399 Depreciation (Schedule I) 4,041,042   Income from Insurance Business 20,600,248
  Loss from insurance business 1,668,327      
  Fire insurance   3,873,824 Fire insurance 7,208,714  
  Marine insurance   2,541,243 Marine insurance 5,034,749  
  Motor insurance   2,696,195 Motor insurance 1,833,823  
  Contractor all risk and engineering insurance   197,075 Contractor all risk and engineering insurance 1,385,007  
  Miscellaneous Insurance   2,319,297 Miscellaneous Insurance 5,137,955  
4,136,955 Aviation Insurance                         1,668,327          
455,778 Pre-operrating expenses amortised 1,367,333        
  Share issue expenses 945,084        
45,870 Interest expenses 774,105 4,520,305 Interest Income   8,386,801
             
  Provision for bad and doubtful debts 2,174,020   Other income   552,526
780,736 Employee bonus 1,885,789        
2,157,168 Provision for income tax 5,448,096        
             
5,650,187 Profit 11,235,779 794,154      
             
16,942,093 Total  29,539,575 16,942,093 Total  29,539,575
Profit & Loss Appropriation Account 
 Previous Year  Expenditure   Rs.   Previous Year  Income   Rs. 
2,825,094 General Revserve 5,617,889 5,650,187 Profit carried forward 11,235,779
  Proposed Dividend 9,375,000   Profit upto previous year 3,922,393
2,825,093 Profit transferred to profit and loss account 165,282        
5,650,187 Total  15,158,172 5,650,187 Total  15,158,172