Page 104 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Short-Term Benefit Branch
Statement of Income, Expenses and Reserve
Year ended March 31, 2014
with comparative figures for year ended March 31, 2013
Income:
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.
2014
2013
3,455,795 120,413 22,364 3,598,572 53,726
338,888
219,700 4,210,886
(1,669,527) (874,408) (109,064)
(2,652,999)
1,557,887 341,955 1,899,842
Contributions: Private sector Self employed Civil servants
US$
3,573,315 128,596 26,304 3,728,215 Surcharges 72,324
US$
478,288 45,584 4,324,411
(1,732,836) (779,691) (111,906)
(2,624,433)
1,699,978 853,446 2,553,424
100| The National Insurance Board of The Turks and Caicos Islands
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