Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
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SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
G.T.M. FIRE INSURANCE COMPANY LIMITED<br />
INCORPORATED – 1977<br />
Directors: L. SUMADH; V. RAMLOGAN; D. RAMLAL; L. DHANOO<br />
Secretary: L. LOPEZ<br />
Auditors: L DE NOBRIGA & COMPANY<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: NIL.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
business as at 31st December, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with Other Financial Instituti<strong>on</strong>s<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Investment in dependent companies (n<strong>on</strong>-insurance)<br />
Other Investments<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Agents <strong>and</strong> sub-agents<br />
Amounts due from Brokers<br />
Amounts due from other <strong>Insurance</strong> Companies<br />
Interest, dividends <strong>and</strong> rents accruing but not due<br />
Sundry Debtors<br />
Fixed Assets<br />
TOTAL ASSETS<br />
3,300,000<br />
4,200,539<br />
677,751<br />
102,418<br />
8,304,480<br />
2,325,099<br />
2,181,926<br />
21,092,213<br />
1,442,672<br />
1,637,871<br />
6,739,936<br />
50,580<br />
280,406<br />
1,304,210<br />
14,553,490<br />
47,101,378<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds:<br />
Unearned Premiums Reserve<br />
Unexpired Risk reserve<br />
Claims admitted or intimated but not paid<br />
Claims Equalisati<strong>on</strong> Reserve<br />
Amount due to Reinsurers<br />
<strong>Bank</strong> Loans <strong>and</strong> Overdrafts<br />
Other Liabilities<br />
18,492,414<br />
16,807,911<br />
1,684,503<br />
6,320,755<br />
1,264,151<br />
698,786<br />
5,852,354<br />
2,027,270<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
N<strong>on</strong>-Admissable Assets Adjustment<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
34,655,730<br />
8,816,430<br />
(45,902,574)<br />
3,697,562<br />
37,469,311<br />
8,364,919<br />
47,101,378<br />
REPORT ON INSURANCE AND PENSIONS 91
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