Himalayan General Insurance Co. Ltd.
Comparative Financial Information
Nepalese Rupees In Thousands 
BALANCE SHEET
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
 
SOURCES
PAID UP CAPITAL
30,000
30,000
30,000
63,000
100,800
RESERVE FUNDS
51,484
63,326
68,566
33,642
33,615
GENERAL RESERVE
30,000
30,000
30,000
30,000
30,000
CAPITAL RESERVE
-
-
-
-
-
SPECIAL RESERVE
-
-
-
1,150
-
OTHER RESERVE
-
-
-
-
-
SHARE PREMIUM
-
-
-
-
-
PROPOSED BONUS SHARE
-
-
33,000
-
-
PROFIT & LOSS (RETAINED EARNING)
21,484
33,326
5,566
2,492
3,615
INSURANCE FUND
-
-
-
3,342
15,552
CATASTROPHY RESERVE
-
-
-
1,000
2,000
LONG TERM LOANS AND PAYABLES
-
-
-
-
-
TOTAL SOURCES
81,484
93,326
98,566
100,984
151,967
 
USES
FIXED ASSETS (NET)
42,597
47,488
47,003
45,132
44,006
LONG TERM INVESTMENT
110,790
78,942
52,879
104,741
170,699
CURRENT ASSETS / LOAN / ADVANCES (A)
74,318
50,358
92,579
85,775
133,536
CASH AND BANK BALANCES
2,682
4,654
7,789
29,347
14,644
SHORT TERM INVESTMENT
-
-
33,600
24,450
95,398
LOAN
-
-
-
-
-
OTHER ASSETS
71,636
45,704
51,190
31,978
23,494
CURRENT LIABILITIES AND PROVISIONS (B)
146,221
83,462
93,895
134,664
196,274
OTHER CURRENT LIABILITIES
119,380
49,897
28,054
43,303
60,444
PROVISION FOR UNEXPIRED RISK 
23,035
28,439
35,560
46,588
63,054
PROVISION FOR UNSETTLED CLAIM
3,806
5,126
10,532
15,751
32,309
OTHER PROVISIONS
-
-
19,749
29,022
40,467
NET CURRENT ASSETS (=A-B)
(71,903)
(33,104)
(1,316)
(48,889)
(62,738)
TOTAL USES
81,484
93,326
98,566
100,984
151,967
Nepalese Rupees In Thousands
ANNUAL
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
 
GROSS PREMIUM
202,679
227,363
218,112
329,196
384,004
NET PREMIUM
45,205
55,948
69,547
91,371
124,364
GROSS CLAIMS PAID
69,215
215,889
55,437
75,671
91,095
NET CLAIMS PAID
21,482
23,406
30,193
47,135
53,177
NET CLAIMS INCURRED(paid+closing out- opening out)
20,724
24,726
35,599
52,354
69,736
MANAGEMENT EXPENSES debited to revenue ac
19,584
20,542
23,624
27,813
34,402
SURPLUS FROM REVENUE A/C
13,927
17,065
13,380
17,326
33,518
INCOME FROM BANK INTEREST
7,222
6,059
5,798
6,844
13,368
MISCL INCOME
815
1,425
372
1,066
851
NET PROFIT BEFOR TAX
15,527
16,539
11,275
12,078
32,075
PROVISION FOR INCOME TAX
4,516
4,569
3,737
5,393
10,598
NET PROFIT AFTER TAX
11,011
11,970
7,538
6,685
24,420
PER SHARE
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
NET PROFIT
36.70
39.90
25.12
10.61
24.23
BOOK VALUE
271.61
311.08
328.55
160.29
150.76
CASH DIVIDEND
-
-
5.79
5.26
10.00
KEY RATIO
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
 
%  
%  
%  
%  
%
ANNUAL GROSS PREMIUM (INCREASE / DECREASE)
35.48
12.17
(4.07)
51.00
16.65
ANNUAL NET PREMIUM (INCREASE / DECREASE )
20.29
23.76
24.31
31.38
36.30
NET CLAIMS PAID ON NET PREMIUM INCOME
47.52
41.83
43.41
51.59
42.70
UNSETTLED CLAIMS ON NET PREMIUM INCOME
(1.68)
2.36
7.77
5.71
13.31
NET CLAIMS ON NET PREMIUM INCOME
45.84
44.19
51.19
57.30
56.00
 
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
 
NUMBER OF EMPLOYEES
50
65
72
75
80
Nepalese Rupees In Thousands
REVENUE
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
GROSS FIRE PREMIUM
47,685
48,525
54,478
63,631
75,403
GROSS MARINE PREMIUM
7,248
6,760
4,734
6,308
7,516
GROSS MOTOR PREMIUM
37,503
46,459
58,040
71,754
98,682
GROSS CAR & ENGINEERING PREMIUM
6,031
5,284
10,239
18,806
27,023
GROSS AVIATION PREMIUM
68,113
84,270
14,231
25,720
7,074
GROSS MISCELLANEOUS PREMIUM
36,099
36,065
76,390
142,977
168,306
GROSS PREMIUM
202,679
227,363
218,112
329,196
384,004
Nepalese Rupees In Thousands
SURPLUS ON REVENUE ACCOUNT
2061-62
2004-05
2062/63
2005-06
2063/64
2006-07
2064/65
2007-08
2065/66
2008-09
FIRE PREMIUM
4,773
6,407
5,936
2,267
17,392
MARINE PREMIUM
(1,405)
323
(77)
497
1,384
MOTOR PREMIUM
10,386
8,714
6,449
13,121
11,571
CAR & ENGINEERING PREMIUM
827
401
(415)
(179)
1,276
AVIATION PREMIUM
(4,913)
(4,619)
(469)
(961)
326
MISCELLANEOUS PREMIUM
4,259
5,839
1,956
2,581
1,668
TOTAL SURPLUS
13,927
17,065
13,380
17,326
33,617
 
 
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