Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

Particulars Schedule 2009 2008 2007 2006 2005

(Rs.‘000) (Rs.‘000) (Rs.‘000) (Rs.‘000) (Rs.‘000)

SOURCES OF
FUNDS

SHAREHOLDERS’
FUNDS:

Share Capital 5 17,958,180 12,706,359 8,007,148 6,192,718 3,190,898

Share application
money received - - 287,391 - -
pending allotment of
shares

Reserve and Surplus 6 552,892 552,892 65,902 65,902 -

Credit / [Debit] Fair

Value Change
Account (77,610) 3,881 - 73,105 3,552

Sub-Total 18,433,462 13,263,132 8,360,441 6,331,725 3,194,450

BORROWINGS 7 - - - - -
POLICYHOLDERS’
FUNDS:

Credit / [Debit] Fair

Value Change (296,885) 193,745 91,247 209,569 174,980
Account

Policy Liabilities
29,092,419 24,366,747 17,391,531 11,487,996 6,377,397
Insurance Reserves
- - - - -
Provision for Linked
liabilities 84,085,083 56,317,976 25,934,264 9,732,781 1,918,292
 Add: Fair value
change
(15,302,147 3,133,608 2,582,499 2,203,309 -
)

Total Provision for 68,782,936 59,451,584 28,516,763 11,936,090 -

Linked Liabilities

Sub-Total 97,578,470 84,012,076 45,999,541 23,633,655 8,470,669

Funds for Future 586,395 - - - -

Appropriations

Funds for future

appropriation - 531,970 246,951 59,485 25,516 -
Provision for lapsed
policies unlikely to
be revived

Surplus Allocated to - - - - -
Shareholders

TOTAL 117,130,297 97,522,159 54,419,467 29,990,896 11,665,119

APPLICATION OF
FUNDS:

INVESTMENTS

Shareholders’
8 4,291,597 4,213,064 1,529,743 1,380,910 984,253
Policyholders’
8A 30,050,097 23,299,043 17,782,866 11,695,010 6,087,916
Assets held to cover
Linked Liabilities 8B 68,782,936 59,451,584 28,516,763 11,936,090 1,918,292

LOANS 9 30,248 18,618 12,638 29,356 11,984

FIXED ASSETS 10 1,447,706 1,331,800 736,054 601,345 731,824

CURRENT ASSETS

Cash and bank 11 4,108,660 4,493,238 3,363,556 2,879,622 733,529

balances

Advances and Other 12 4,082,489 1,961,980 990,106 409,495

Assets
 5,534,969

Sub-total (A) 9,643,629 8,575,727 5,325,536 3,869,728 1,143,024

CURRENT 13 8,820,225 6,129,149 3,874,652 2,658,567 1,069,635

LIABILITIES

PROVISIONS
14 208,813 122,019 30,845 28,729 20,720

Sub-Total (B) 9,029,038 6,251,168 3,905,497 2,687,296 1,090,355

NET CURRENT
ASSETS (C) =
(A - B) 614,591 2,324,559 1,420,039 1,182,432 52,669

MISCELLANEOUS 15 - - - - -
EXPENDITURE (to
the extent not written
off or adjusted)

DEBIT BALANCE 11,913,122 6,883,491 4,421,364 3,165,753 1,878,181

IN PROFIT AND
LOSS ACCOUNT
(Shareholders’
account)

TOTAL 117,130,297 97,522,159 54,419,467 29,990,896 11,665,119

CONTINGENT
LIABILITIES

1. Partly paid-up
investments - - - - -

2. Claims, other than

against policies, not
acknowledged as - - - - -
debts by the company

3. Underwriting
commitments
outstanding (in
respect of share and - - - - -
securities)

4. Guarantees given
by or on behalf of the
Company
- - - - -
5. Statutory
demands / liabilities
in dispute, not
provided for 1,465,718 262,091 309,494 119,829 -

6.Reinsurance
obligations to the
- - - -
extent not provided
-
for in the accounts

7.Others - - - -
-

Total 1,465,718 262,091 309,494 119,829 -

Profit & Loss Account for year ended March 31, from 2005 to 2009

Shareholders’ Account (Non-technical Account)

2009 2008 2007 2006 2005

Particulars schedule (RS.’000) (RS.’000) (RS.’000) (RS.’000) (RS.’000)

Amounts transferred 794,984 516,341 - - -

from the Policyholders
Account (Technical
Account)
 Income from
Investments

(a) Interest,
Dividends &
Rent - Gross 302,367 242,109 126,836 138,496 65,321
(b) Profit on sale /
redemption of
investments 13,924 98,694 114,192 7,989 10,117

(c) (Loss on sale /

redemption of
investments) (35,870) (11,142) (12,470) (6,933) (4,043)

(d) Transfer / gain

on revaluation /
change in fair
value 51,887 (21,384) (23,909) (6,594) -

(e) Amortization of
(premium)/disco
unt on (2,965) 561 (2,375) (8,926) (5,156)
investments

Sub Total 329,343 308,838 202,274 124,032 66,239

Other Income 300 531 764 3,650 1587

TOTAL (A) 1,124,627 825,710 203,038 127,682 67,826

Expenses other than 3A 5,307 12,596 8,252 18,251 10,490

those directly related to
the insurance business

Bad debts written off - - - - -

Provisions (other than

taxation)

(a) For diminution

- - - - -
in the value of
Investments
(net)
- - - - -
(b) Provision for
doubtful debts
 (c) Others - - - - -

Contribution to the 6,148,951 3,248,208 1,450,397 1,397,003 954,744

Policyholders Fund

TOTAL (B) 6,154,258 3,260,804 1,458,649 1,415,254 965,234

Profit / (Loss) before tax (5,029,63 (2,435,094 (1,255,611 (1,287,572 (897,348)

1) ) ) )
Provision for Taxation -
- - - -
Profit / (Loss) after tax (897,348)
(5,029,63 (2,435,094 (1,255,611 (1,287,572
APPROPRIATIONS 1) ) ) )
(a) Balance at the (980,833)
beginning of the
Year (6,883,49 (4,421,364 (3,165,753 (1,878,181
1) ) ) )
(b) Interim -
dividends paid
during the Year
- - - - -
(c) Proposed final
dividend

(d) Dividend - - - - -
distribution tax

(e) Transfer to - - - -
liabilities on -
account of
Employee
benefits - (27,033) - -

Profit / (Loss) carried

forward to the Balance
Sheet (11,913,1 (6,883,491 (4,421,364 (3,165,753 (1,878,181
22) ) ) ) )

Earnings per share - (3.28) (2.42) (1.83) (2.92) (3.38)

Basic

Earnings per share - (3.28) (2.42) (1.81) (2.92) (3.38)

Diluted