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TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Statement of Financial Position
At March 31, 2014
with comparative figures at March 31, 2013
Assets
Current assets:
Cash and cash equivalents (note 5) Contributions and other receivables (note 6) Current portion of long-term receivables (note 8) Other assets
Non-current assets:
Available-for-sale financial assets (note 7) Long-term receivables (note 8)
Long-term deposits (note 9)
Property and equipment (note 10) Investment in TCI Bank Limited (note 11)
Liabilities and Reserves Current liabilities:
Accounts payable and accrued expenses (note 12)
Reserves:
Long-term benefit branch Short-term benefit branch Employment injury benefit (note 21) Disablement and death benefit
See accompanying notes to financial statements.
US$
2014
44,905,495 2,790,567 643,082 27,206 48,366,350
147,024,963 2,913,800 4,164,598 2,917,542
– 157,020,903
205,387,253
1,171,423
155,293,101 19,439,377 4,302,542 25,180,810 204,215,830
205,387,253
2013
34,315,837 4,418,572 623,909 28,451 39,386,769
133,870,860 3,480,997 4,164,598 2,959,087
– 144,475,542
183,862,311
1,472,113
140,007,075 16,885,953 4,350,636 21,146,534 182,390,198
183,862,311
US$
US$
US$
These financial statements were approved on behalf of the Board of Directors on November 27, 2014 by the following:
Lillian Misick Chairman Colin Heartwell Director
2013 & 2014 ANNUAL REPORT | 97 5