Page 105 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Employment Injury Benefit / Disablement and Death Benefit Statement of Income, Expenses and Reserves
Year ended March 31, 2014
with comparative figures for year ended March 31, 2013
Income:
Contributions: Private sector Civil servants
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/(loss) before other comprehensive income Other comprehensive income
Net income for year
Net income for year transferred to: Employment injury benefit reserve Disablement and death benefit reserve
See accompanying notes to financial statements.
US$
2014
3,298,444 210,433 3,508,877 55,825
722,198 68,830 4,355,730
(755,419) (733,827) (168,974)
(1,658,220)
2,697,510 1,288,672 3,986,182
(48,094) 4,034,276
3,986,182
2013
3,189,964 178,914 3,368,878 41,135
570,046
369,560 4,349,619
(3,629,475) (822,972) (183,457)
(4,635,904)
(286,285) 575,204 288,919
3,932,717 (3,643,798)
288,919
US$
US$ US$
2013 & 2014 ANNUAL REPORT | 101 9