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Balance sheet of HDFC STANDARD LIFE as at March 31 for five years A Particulars Schedu le 2009 (Rs.‘000 ) 2008 (Rs.‘000 ) 2007 (Rs.‘00 0) 2006 (Rs.‘00 0) 2005 (Rs.‘000 ) SOURCES OF FUNDS SHAREHOLDERS’ FUNDS: Share Capital Share application money received pending allotment of shares Reserve and Surplus Credit / [Debit] Fair Value Change Account 5 6 17,958,1 80 - 552,892 (77,610) 12,706,3 59 - 552,892 3,881 8,007,1 48 287,391 65,902 - 6,192,7 18 - 65,902 73,105 3,190,89 8 - - 3,552 Sub-Total 18,433,4 62 13,263,1 32 8,360,4 41 6,331,7 25 3,194,45 0 BORROWINGS POLICYHOLDERS’ 7 - - - - -

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

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Page 1: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

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

A

Particulars Schedule 2009

(Rs.‘000)

2008

(Rs.‘000)

2007

(Rs.‘000)

2006

(Rs.‘000)

2005

(Rs.‘000)

SOURCES OF FUNDS

SHAREHOLDERS’ FUNDS:

Share Capital

Share application money received pending allotment of shares

Reserve and Surplus

Credit / [Debit] Fair Value Change Account

5

6

17,958,180

-

552,892

(77,610)

12,706,359

-

552,892

3,881

8,007,148

287,391

65,902

-

6,192,718

-

65,902

73,105

3,190,898

-

-

3,552

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

BORROWINGS POLICYHOLDERS’

FUNDS:

Credit / [Debit] Fair Value Change

Account

Policy Liabilities

Insurance Reserves

Provision for Linked liabilities

7 -

(296,885)

29,092,419

-

84,085,083

-

193,745

24,366,747

-

56,317,976

-

91,247

17,391,531

-

25,934,264

-

209,569

11,487,996

-

9,732,781

-

174,980

6,377,397

-

1,918,292

Page 2: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

Add: Fair value change

(15,302,147)

3,133,608 2,582,499 2,203,309 -

Total Provision for Linked Liabilities

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

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

Funds for Future Appropriations

Funds for future appropriation -

Provision for lapsed policies unlikely to

be revived

Surplus Allocated to Shareholders

586,395

531,970

-

-

246,951

-

-

59,485

-

-

25,516

-

-

-

-

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

APPLICATION OF FUNDS:

INVESTMENTS

Shareholders’

Policyholders’

Assets held to cover Linked Liabilities

LOANS

FIXED ASSETS

CURRENT ASSETS

Cash and bank balances

8

8A

8B

9

10

11

4,291,597

30,050,097

68,782,936

30,248

1,447,706

4,108,660

4,213,064

23,299,043

59,451,584

18,618

1,331,800

4,493,238

1,529,743

17,782,866

28,516,763

12,638

736,054

3,363,556

1,380,910

11,695,010

11,936,090

29,356

601,345

2,879,622

984,253

6,087,916

1,918,292

11,984

731,824

733,529

Page 3: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

Advances and Other Assets

12 5,534,969 4,082,489 1,961,980 990,106 409,495

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

CURRENT LIABILITIES

PROVISIONS

13

14

8,820,225

208,813

6,129,149

122,019

3,874,652

30,845

2,658,567

28,729

1,069,635

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 EXPENDITURE (to the extent not written off or adjusted)

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT (Shareholders’ account)

15 -

11,913,122

-

6,883,491

-

4,421,364

-

3,165,753

-

1,878,181

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

-

-

-

-

-

-

-

-

-

-

Page 4: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

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

6.Reinsurance obligations to the

extent not provided for in the accounts

7.Others

-

-

1,465,718

-

-

-

-

262,091

-

-

-

-

309,494

-

-

-

-

119,829

-

-

-

-

-

-

-

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)

Particulars schedule

2009

(RS.’000)

2008

(RS.’000)

2007

(RS.’000)

2006

(RS.’000)

2005

(RS.’000)

Amounts transferred from the Policyholders

794,984 516,341 - - -

Page 5: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

Account (Technical Account)

Income from Investments

(a) Interest, Dividends & Rent - Gross

(b) Profit on sale / redemption of investments

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

(d) Transfer / gain on revaluation / change in fair

value

(e) Amortization of (premium)/disco

unt on investments

302,367

13,924

(35,870)

51,887

(2,965)

242,109

98,694

(11,142)

(21,384)

561

126,836

114,192

(12,470)

(23,909)

(2,375)

138,496

7,989

(6,933)

(6,594)

(8,926)

65,321

10,117

(4,043)

-

(5,156)

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 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

3A 5,307

-

-

-

12,596

-

-

-

8,252

-

-

-

18,251

-

-

-

10,490

-

-

-

Page 6: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

doubtful debts

(c) Others

Contribution to the Policyholders Fund

-

6,148,951

-

3,248,208

-

1,450,397

-

1,397,003

-

954,744

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

Profit / (Loss) before tax

Provision for Taxation

Profit / (Loss) after tax

APPROPRIATIONS

(a) Balance at the beginning of the Year

(b) Interim dividends paid during the Year

(c) Proposed final dividend

(d) Dividend distribution tax

(e) Transfer to liabilities on account of Employee benefits

(5,029,631)

-

(5,029,631)

(6,883,491)

-

-

-

-

(2,435,094)

-

(2,435,094)

(4,421,364)

-

-

-

(27,033)

(1,255,611)

-

(1,255,611)

(3,165,753)

-

-

-

-

(1,287,572)

-

(1,287,572)

(1,878,181)

-

-

-

-

(897,348)

-

(897,348)

(980,833)

-

-

-

-

Profit / (Loss) carried forward to the Balance Sheet (11,913,1

22)

(6,883,491)

(4,421,364)

(3,165,753)

(1,878,181)

Earnings per share - Basic

(3.28) (2.42) (1.83) (2.92) (3.38)

Page 7: Balance sheet of HDFC STANDARD LIFE as at March 31 for five years

Earnings per share - Diluted

(3.28) (2.42) (1.81) (2.92) (3.38)