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  • L-2 Profit and Loss Account

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    Ashutosh Nigam
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    This document is the profit and loss account for IDBI Federal Life Insurance Co Ltd for the quarter ending June 30, 2015. It shows the company generated Rs. 88,261,000 in income from investments. Expenses other than direct insurance costs were Rs. 6,499,000, resulting in a pre-tax profit of Rs. 81,762,000. No tax was paid and the profit for the quarter was Rs. 81,762,000. However, due to past losses, the profit carried to the balance sheet was negative Rs. 18,02,613,000, resulting in basic earnings per share of Rs. 0.10.

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    This document is the profit and loss account for IDBI Federal Life Insurance Co Ltd for the quarter ending June 30, 2015. It shows the company generated Rs. 88,261,000 in income from investments. Expenses other than direct insurance costs were Rs. 6,499,000, resulting in a pre-tax profit of Rs. 81,762,000. No tax was paid and the profit for the quarter was Rs. 81,762,000. However, due to past losses, the profit carried to the balance sheet was negative Rs. 18,02,613,000, resulting in basic earnings per share of Rs. 0.10.

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    © All Rights Reserved
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    25 views1 page

    L-2 Profit and Loss Account

    Uploaded by

    Ashutosh Nigam
    This document is the profit and loss account for IDBI Federal Life Insurance Co Ltd for the quarter ending June 30, 2015. It shows the company generated Rs. 88,261,000 in income from investments. Expenses other than direct insurance costs were Rs. 6,499,000, resulting in a pre-tax profit of Rs. 81,762,000. No tax was paid and the profit for the quarter was Rs. 81,762,000. However, due to past losses, the profit carried to the balance sheet was negative Rs. 18,02,613,000, resulting in basic earnings per share of Rs. 0.10.

    Copyright:

    © All Rights Reserved
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    of 1

    FORM L-2-A-PL

    [IRDAI Registration No.135 dated 19th December 2007]


    IDBI Federal Life Insurance Co Ltd. Registered Office: 1st floor,Tradeview, Oasis Complex, Kamala City, P. B. Marg, Lower Parel (W), Mumbai 400013. www.idbifederal.com
    Corporate Identity Number (CIN) U66010MH2007PLC167164

    PROFIT & LOSS ACCOUNT FOR THE PERIOD ENDED JUNE 30, 2015 - Shareholders Account (Non Technical Account)
    ( ` '000)

    Particulars

    Schedule

    Amounts transferred from the Policyholders' A/c (Technical Account)

    For the quarter


    ended June 30, 2015

    Upto the quarter


    ended June 30,
    2015

    For the
    Upto the
    corresponding
    corresponding
    quarter ended June quarter ended June
    30, 2014
    30, 2014

    (a) Interest, dividends & rent gross

    68,795

    68,795

    52,134

    52,134

    (b) Profit on sale/redemption of investments

    14,649

    14,649

    1,096

    1,096

    (c) (Loss on sale/ redemption of investments)

    (7,042)

    (7,042)

    (d) (Amortisation of premium) / discount on investments (net)

    11,814

    11,814

    24,560

    24,560

    45

    45

    81

    81

    88,261

    88,261

    77,871

    77,871

    Income from investments

    Other Income
    (a) Miscellaneous Income

    Total (A)

    Expense other than those directly related to the insurance business

    6,499

    6,499

    6,465

    6,465

    Bad debts written off

    Contribution to the Policyholders' Account (Technical Account)

    Provision for tax - Fringe Benefits Tax / Wealth tax

    (a) For diminution in the value of investments (net)

    (b) Provision for doubtful debts

    (c) Others

    6,499

    6,499

    6,491

    6,491

    Profit/(Loss) before tax = (A) - (B)

    81,762

    81,762

    71,380

    71,380

    Provision for taxation - Income Tax

    81,762

    81,762

    71,380

    71,380

    L-6A

    26

    26

    Provisions (other than taxation)

    Total (B)

    Profit/(Loss) after tax

    Appropriations
    (a) Balance at the beginning of the year

    (18,84,375)

    (18,84,375)

    (34,29,933)

    (34,29,933)

    (b) Interim dividends paid during the year

    (c) Proposed final dividend

    (d) Dividend distribution tax

    (e) Transfer to reserves/other accounts

    Profit / (Loss) carried to the Balance Sheet

    Earnings per share (Face Value of Rs.10/- each) - Basic and Diluted (in `)

    (18,02,613)

    0.10

    (18,02,613)

    0.10

    (33,58,553)

    0.09

    (33,58,553)

    0.09

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