Page 33 - 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, 2013
with comparative figures for year ended March 31, 2012
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 19)
General and administrative expenses Investment expenses
Change in fair value of investment property
Net income before other comprehensive income Other comprehensive income
Net income for year
See accompanying notes to financial statements.
US$
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
2012
14,946,808 1,040,708 327,541 11,804 16,326,861 389,315
3,626,699
1,110,816 21,453,691
7,419,512 3,812,132 898,812 74,531 12,204,987
9,248,704 (4,065)
9,244,639
US$
2013 & 2014 ANNUAL REPORT | 29 8