 |
| |
| 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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