Page 34 - 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, 2013
with comparative figures for year ended March 31, 2012
Income:
Contributions: Private sector Self employed Civil servants
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
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
2012
3,532,882 77,419 28,383 3,638,684 92,020
406,249
124,429 4,261,382
1,617,197 967,258 100,682
8,349 2,693,486
1,567,896 (455)
1,567,441
US$
30 | The National Insurance Board of The Turks and Caicos Islands
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