Financial Year 2012-13 (27 MB) - The New India Assurance Co. Ltd.

Leadership and Beyond2012N'0002011N'00034. Salaries 211,736 231,340Leave encashment 5,903 2,324Children school fees 2,003 347Travelling 61,475 39,715Postage, Telephone & Telegrams 7,168 10,163Profit incentive - 19,836Pension & Gratuity 100,180 78,863Entertainment & Hotel expenses 29,828 26,024Motor running Expenses 12,494 10,991Conveyance 3,339 3,251Staff training 4,490 21,649Medical 24,829 19,932Staff Welfare 49,089 42,708Industrial Training Fund - 3,441Insurance levy 21,066 -533,600 510,584Investment income35. Interest income 270,317 199,766Lease rental income 156,230 336,559Profit on sale of shares 102,347 66,177Profit on sale of leased assets 2,138 2,552531,032 605,054AllocationAttributable to policy holders 190,062 138,926Attributable to shareholders 340,970 466,128531,032 605,054Other operating income36. Exhange gain 6,695 24,377Bad debt recovered (Note 8(ii) 768,054 -Provision for Available-for-sale financial asset recovered 91,441 66,487Profit on disposal of property, plant & equipment 8 388Sundry income 994 1,787867,192 93,039Management expenses37. Directors expenses 6,743 4,794Auditors fees 6,500 4,000Other professional fees 4,901 15,954Depreciation 159,091 298,840Other administration expenses 180,197 214,377357,432 537,965ANNUAL REPORT405