Page 103 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Long-Term Benefit Branch
Statement of Income, Expenses and Reserve
Year ended March 31, 2014
with comparative figures for year ended March 31, 2013
Income:
Contributions: Private sector Civil servants Self employed Voluntary
Surcharges
Income from, and net gains on, available-for-sale
financial assets
Interest and other income
Expenses:
Benefits (note 15)
General and administrative expenses Investment expenses
Net income before other comprehensive income Other comprehensive income
Net income for year
See accompanying notes to financial statements.
US$
2014
15,117,870 964,483 544,061 6,655 16,633,069 305,985
3,965,650 377,952 21,282,656
(9,072,080) (3,072,901) (927,853) (13,072,834)
8,209,822
7,076,204 15,286,026
2013
14,620,670 820,023 509,442 9,406 15,959,541 227,300
2,917,970
1,891,714 20,996,525
(8,585,284) (3,446,195) (939,087) (12,970,566)
8,025,959
2,944,373 10,970,332
US$
2013 & 2014 ANNUAL REPORT | 99 7