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

Particulars Sc 2010 2009 2008 2007 2006 2005

h (Rs.‘000) (Rs.‘000) (Rs.‘000) (Rs.‘000) (Rs.‘000) (Rs.‘000)
SOURCES OF FUNDS
SHAREHOLDERS’
FUNDS:
Share Capital 5 19680000 17958180 12706359 8007148 6192718 3190898
Share application money
received pending allotment - - - 287391 - -
of shares
Reserve and Surplus 6 552892 552892 552892 65902 65902 -
Credit / [Debit] Fair Value
Change Account (184435) (77610) 3881 - 73105 3552

Sub-Total 20417327 18433462 13263132 8360441 6331725 3194450

BORROWINGS 7 - - - - - -
POLICYHOLDERS’
FUNDS:
Credit / [Debit] Fair Value (205087) (296885) 193745 91247 209569 174980
Change Account
Policy Liabilities 37666908 29092419 24366747 17391531 11487996 6377397
Insurance Reserves - - - - - -
Provision for Linked 127701636 84085083 56317976 25934264 9732781 1918292
liabilities
Add: Fair value change (27516164) (15302147) 3133608 2582499 2203309 -
Total Provision for 155217800 68782936 59451584 28516763 11936090 -
Linked Liabilities
Sub-Total 193089795 97578470 84012076 45999541 23633655 8470669
Funds for Future 1490013 586395 - - - -
Appropriations
Funds for future 1064831 531970 246951 59485 25516 -
appropriation - Provision
for lapsed policies unlikely
to be revived - - - - - -
Surplus Allocated to
Shareholders
TOTAL 216061966 117130297 97522159 54419467 29990896 11665119
APPLICATION OF
FUNDS:
INVESTMENTS
Shareholders’ 8 6304757 4291597 4213064 1529743 1380910 984253
Policyholders’ 8A 43415382 30050097 23299043 17782866 11695010 6087916
Assets held to cover 8B 155217800 68782936 59451584 28516763 11936090 1918292
Linked Liabilities 9 40366 30248 18618 12638 29356 11984
LOANS 10 1443777 1447706 1331800 736054 601345 731824
FIXED ASSETS
CURRENT ASSETS
Cash and bank balances 11 2826362 4108660 4493238 3363556 2879622 733529
Advances and Other 12 4917758 5534969 4082489 1961980 990106 409495
Assets
Sub-total (A) 7744120 9643629 8575727 5325536 3869728 1143024
13 12281585 8820225 6129149 3874652 2658567 1069635
CURRENT LIABILITIES 14 187617 208813 122019 30845 28729 20720
PROVISIONS
Sub-Total (B) 12469202 9029038 6251168 3905497 2687296 1090355
NET CURRENT
ASSETS (C) = (A 42725082 614591 2324559 1420039 1182432 52669
- B)
MISCELLANEOUS 15 - - - - - -
EXPENDITURE (to the
extent not written off or
adjusted) 14664966 11913122 6883491 4421364 3165753 1878181
DEBIT BALANCE IN
PROFIT AND LOSS
ACCOUNT (Shareholders’
account)
TOTAL 216061966 117130297 97522159 54419467 29990896 11665119
-
 Profit & Loss Account for year ended March 31 from 2006 to 2010
Shareholders’ Account (Non-technical Account)

Particulars sc 2010 2009 2008 2007 2006

h (Rs.‘000) (RS.’000) (RS.’000) (RS.’000) (RS.’000)
Amounts transferred from the 472930 794984 516341 - - -
Policyholders Account (Technical
Account)
Income from Investments
(a) Interest Dividends & Rent -
Gross 289102 302367 242109 126836 138496 65321
(b) Profit on sale / redemption
of investments 49152 13924 98694 114192 7989 10117
(c) (Loss on sale / redemption
of investments) (487) (35870) (11142) (12470) (6933) (4043)
(d) Transfer / gain on
revaluation / change in fair value - 51887 (21384) (23909) (6594) -
(e) Amortization of
(premium)/discount on investments (2634) (2965) 561 (2375) (8926) (5156)
Sub Total 335133 329343 308838 202274 124032 66239
Other Income 3522 300 531 764 3650 1587
TOTAL (A) 811585 1124627 825710 203038 127682 67826
Expenses other than those directly 3 3981 5307 12596 8252 18251 10490
related to the insurance business A
Bad debts written off
Provisions (other than taxation) - - - - - -
(a) For diminution in the value - - - - - -
of Investments (net)
Provision for doubtful - - - - - -
debts
(b) Others
Contribution to the Policyholders - - - - - -
Fund 3559448 6148951 3248208 1450397 1397003 954744
TOTAL (B) 3563429 6154258 3260804 1458649 1415254 1415254

Profit / (Loss) before tax (2751844) (5029631) (2435094) (1255611) (1287572) (897348)
Provision for Taxation - - - - - -
Profit / (Loss) after tax (2751844) (5029631) (2435094) (1255611) (1287572) (897348)
APPROPRIATIONS
(a) Balance at the beginning of the (11913122) (6883491) (4421364) (3165753) (1878181) (980833)
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 - - (27033) - - -
Profit / (Loss) carried forward to
the Balance Sheet (14664966) (11913122) (6883491) (4421364) (3165753) (1878181)
Earnings per share - Basic (1.51) (3.28) (2.42) (1.83) (2.92) (3.38)
Earnings per share - Diluted (1.51) (3.28) (2.42) (1.81) (2.92) (3.38)