Page 31 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Statement of Financial Position
At March 31, 2013
with comparative figures at March 31, 2012
Assets
Current assets:
Cash and cash equivalents (note 5) Contributions and other
receivables – net (note 6) Short-term investments (note 7) Current portion of long-term
receivables (note 10)
Notes receivable – net (note 8) Other assets
Non-current assets:
Available-for-sale financial assets (note 9) Long-term receivables (note 10) Long-term deposits – net (note 11) Investment property – net (note 12) Property and equipment – net (note 13) Investment in TCI Bank Limited (note 14)
Liabilities and Reserves
Current liabilities:
Accounts payable and accrued expenses (note 15)
Reserves:
Long-term benefit branch Short-term benefit branch Employment injury benefit (note 26) Disablement and death benefit
See accompanying notes to financial statements.
US$
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 1,472,113
140,007,075 16,885,953 4,350,636 21,146,534 182,390,198
183,862,311
2012
19,421,904
7,243,144 6,044,996
605,742 5,885,000 22,372 39,223,158
117,769,693 4,033,018 7,635,096 5,900,000 1,701,671
– 137,039,478
176,262,636
7,031,531 7,031,531
129,036,743 14,986,111 417,919 24,790,332 169,231,105
176,262,636
US$
US$
US$
These financial statements were approved on behalf of the Board of Directors on July 24, 2014 by the following:
Lillian Misick Chairman Colin Heartwell Director
2013 & 2014 ANNUAL REPORT | 27 6