Himalayan General Insurance Co. Ltd. Comparative Financial Information
Nepalese Rupees In Thousands
	2060/61	2061-62	2062/63	2063/64	2064/65
BALANCE SHEET	2003-04	2004-05	2005-06	2006-07	2007-08
SOURCES
PAID UP CAPITAL	30,000	30,000	30,000	30,000	63,000
RESERVE FUNDS	40,472	51,484	63,326	68,566	33,642
GENERAL RESERVE	28,486	30,000	30,000	30,000	30,000
CAPITAL RESERVE	-	-	-	-	-
SPECIAL RESERVE	-	-	-	-	1,150
OTHER RESERVE	-	-	-	-	-
SHARE PREMIUM	-	-	-	-	-
PROPOSED BONUS	-	-	-	33,000	-
PROFIT & LOSS (RETAINED EARNING)	11,986	21,484	33,326	5,566	2,491
INSURANCE FUND	-	-	-	-	3,342
CATASTROPHY RESERVE	-	-	-	-	1,000
LONG TERM LOANS AND PAYABLES	-	-	-	-	-
TOTAL SOURCES	70,472	81,484	93,326	98,566	100,984
	-	-	-	-	-
USES	-	-	-	-	-
FIXED ASSETS (NET)	9,840	42,597	47,488	47,003	45,132
LONG TERM INVESTMENT	91,390	110,790	78,942	52,879	104,741
CURRENT ASSETS / LOAN / ADVANCES	45,282	74,318	50,358	92,579	85,775
CASH AND BANK BALANCES	1,800	2,682	4,654	7,789	29,347
SHORT TERM INVESTMENT	-	-	-	33,600	24,450
LOAN	-	-	-	-	-
OTHER ASSETS	43,482	71,636	45,704	51,190	31,978
CURRENT LIABILITIES AND PROVISIONS	76,040	146,221	83,462	93,895	134,664
OTHER CURRENT LIABILITIES	52,256	119,380	49,897	28,054	43,303
PROVISION FOR UNEXPIRED RISK	19,220	23,035	28,439	35,560	46,588
PROVISION FOR UNSETTLED CLAIM	4,564	3,806	5,126	10,532	15,751
OTHER PROVISIONS	-	-	-	19,749	29,022
NET CURRENT ASSETS	(30,758)	(71,903)	(33,104)	(1,316)	(48,889)
TOTAL USES	70,472	81,484	93,326	98,566	100,984
GROSS PREMIUM	149,597	202,679	227,363	218,112	329,196
NET PREMIUM	37,579	45,205	55,948	69,547	91,371
GROSS CLAIMS PAID	36,262	69,215	215,889	55,437	75,671
NET CLAIMS PAID	16,139	21,482	23,406	30,193	47,135
NET CLAIMS INCURRED(paid+closing out- opening out)	12,730	20,724	24,726	35,599	52,354
MANAGEMENT EXPENSES debited to revenue ac	21,230	19,584	20,542	23,624	27,813
SURPLUS FROM REVENUE A/C	16,530	13,927	17,065	13,380	17,326
INCOME FROM BANK INTEREST	6,909	7,222	6,059	5,798	6,844
MISCL INCOME	1,061	815	1,425	372	1,066
NET PROFIT BEFOR TAX	17,223	15,527	16,539	11,275	12,078
PROVISION FOR INCOME TAX	5,265	4,516	4,569	3,737	5,393
NET PROFIT AFTER TAX	11,958	11,011	11,970	7,538	6,685
PER SHARE
NET PROFIT	39.86	36.70	39.90	25.12	10.61
BOOK VALUE	234.91	271.61	311.08	328.55	160.29
DIVIDEND	-	-	-	5.79	5.26
KEY RATIO	%	%	%	%	%
ANNUAL GROSS PREMIUM (INCREAS E / DECREASE)	(3.28)	35.48	12.17	(4.17)	51.00
INCREASE / DECREASE IN ANNUAL NET PREMIUM	15.00	20.29	23.76	24.31	31.38
% OF  NET CLAIMS PAID ON NET PREMIUM INCOME	42.95	47.52	41.83	43.41	51.59
% OF UNSETTLED CLAIMS ON NET PREMIUM INCOME	(9.07)	(1.68)	2.36	7.77	5.71
% OF NET CLAIMS ON NET PREMIUM INCOME	33.88	45.84	44.19	51.19	57.30
NUMBER OF EMPLOYEES	49	50	65	72	75
REVENUE	Rupees in thousand
GROSS FIRE PREMIUM	41,257	47,685	48,525	54,478	63,631
GROSS MARINE PREMIUM	5,637	7,248	6,760	4,734	6,308
GROSS MOTOR PREMIUM	35,378	37,503	46,459	58,040	71,754
GROSS CAR & ENGINEERING PREMIUM	2,065	6,031	5,284	10,239	18,806
GROSS AVIATION PREMIUM	34,837	68,113	84,270	14,231	25,720
GROSS MISCELLANEOUS PREMIUM	30,423	36,099	36,065	76,390	142,977
GROSS PREMIUM	149,597	202,679	227,363	218,112	329,196
SURPLUS ON REVENUE ACCOUNT
FIRE PREMIUM	5,141	4,773	6,407	5,936	2,267
MARINE PREMIUM	(47)	(1,405)	323	(77)	497
MOTOR PREMIUM	8,890	10,386	8,714	6,449	13,121
CAR & ENGINEERING PREMIUM	3,144	827	401	(415)	(179)
AVIATION PREMIUM	(3,630)	(4,913)	(4,619)	(469)	(961)
MISCELLANEOUS PREMIUM	3,032	4,259	5,839	1,956	2,581
TOTAL SURPLUS	16,530	13,927	17,065	13,380	17,326