Page 35 - 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, 2013
with comparative figures for year ended March 31, 2012
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 19)
General and administrative expenses Investment expenses
Change in fair value of investment property
Net loss before other comprehensive income Other comprehensive income
Net income/(loss) for year
Net income/(loss) for year transferred to: Employment injury benefit reserve Disablement and death benefit reserve
See accompanying notes to financial statements.
US$
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
2012
3,261,122 227,063 3,488,185 73,310
833,060
255,157 4,649,712
5,823,092 910,360 206,459
17,120 6,957,031
(2,307,319) (934) (2,308,253)
212,913 (2,521,166)
(2,308,253)
US$
US$ US$
2013 & 2014 ANNUAL REPORT | 31 10