annual return: form 1 - fund balance sheet · i830g the standard steamship owners' p&i...
TRANSCRIPT
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Singapore Insurance Fund
22006
Description
ASSETS
Equity securities
Debt securities
Land and buildings
Loans
Cash and deposits
Other invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
Deposits withheld by cedants
Reinsurance recoverables (on paid claims)
Income tax recoverables
Fixed assets
Inter-fund balances and intra group balances (due from)
Other assets
Total Assets (1 to 14)
LIABILITIES
Policy liabilities
Other liabilities:
Outstanding claims
Annuities due and unpaid
Reinsurance deposits
Amounts owing to insurers
Bank loans and overdrafts
Inter-fund balances and intra-group balances (due to)
Others
Total Liabilities (16 to 23)
SURPLUS (15 - 24)
Annex
1A
1B
1C
1D
1E
1F
1G
1H
1I
1J
1K
1L
1M
1N
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Amount
0
5,072,576
0
0
5,076,152
0
4,492
1,506,734
0
0
0
0
0
40,200
11,700,154
1,313,058
10,423
0
0
5,444,714
0
1,336,393
45,000
8,149,588
3,550,566
11/06/2012 04:32 PM
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Offshore Insurance Fund
22006
Description
ASSETS
Equity securities
Debt securities
Land and buildings
Loans
Cash and deposits
Other invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
Deposits withheld by cedants
Reinsurance recoverables (on paid claims)
Income tax recoverables
Fixed assets
Inter-fund balances and intra group balances (due from)
Other assets
Total Assets (1 to 14)
LIABILITIES
Policy liabilities
Other liabilities:
Outstanding claims
Annuities due and unpaid
Reinsurance deposits
Amounts owing to insurers
Bank loans and overdrafts
Inter-fund balances and intra-group balances (due to)
Others
Total Liabilities (16 to 23)
SURPLUS (15 - 24)
Annex
1A
1B
1C
1D
1E
1F
1G
1H
1I
1J
1K
1L
1M
1N
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Amount
0
8,285,404
0
0
7,313,155
0
58,990
4,397,154
0
0
0
0
4,691
29,424
20,088,818
2,360,422
16,041
0
0
7,600,928
0
8,248,915
199,665
18,425,971
1,662,847
11/06/2012 04:32 PM
General: Singapore Insurance Fund
I830G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 22006
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Note 1 The aggregate amounts of loans to and amounts due from - Amount
(a) Directors 0
(b) Employees of the registered insurer 0
Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.
NIL
Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.
NIL
Note 5 In respect of financial guarantee business - Amount
(a) where premiums are payable in instalments, the present value of futurepremiums payable by the insured in a future accounting period 0
and discount rate used 0
(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.
0
11/06/2012 04:32 PM
General: Offshore Insurance Fund
I830G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 22006
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Note 1 The aggregate amounts of loans to and amounts due from - Amount
(a) Directors 0
(b) Employees of the registered insurer 0
Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.
NIL
Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.
NIL
Note 5 In respect of financial guarantee business - Amount
(a) where premiums are payable in instalments, the present value of futurepremiums payable by the insured in a future accounting period 0
and discount rate used 0
(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.
0
11/06/2012 04:32 PM
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Reporting Cycle: 22006
ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION
NIL
11/06/2012 04:32 PM
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 2
General: Singapore Insurance Fund
Description
Gross premiums
Less: Outward reinsurance premiums
Investment revenue
Less: Investment expenses
Other income
Total Income (1 to 5)
Gross claims settled
Less: Reinsurance recoveries
Management expenses
Distribution expenses
Increase (decrease) in net policy liabilities
Provision for doubtful debts/ bad debts written off on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
Net Income (6 - 15)
Annex
2A
2B
2C
2D
2E
2F
2G
2H
2I
2J
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
8,465,133
7,722,274
97,030
7,591
0
832,298
2,231,342
2,008,208
851,030
22,157
(189,931)
0
0
24,904
931,294
(98,996)
2006
11/06/2012 04:32 PM
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 2
General: Offshore Insurance Fund
Description
Gross premiums
Less: Outward reinsurance premiums
Investment revenue
Less: Investment expenses
Other income
Total Income (1 to 5)
Gross claims settled
Less: Reinsurance recoveries
Management expenses
Distribution expenses
Increase (decrease) in net policy liabilities
Provision for doubtful debts/ bad debts written off on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
Net Income (6 - 15)
Annex
2A
2B
2C
2D
2E
2F
2G
2H
2I
2J
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
20,698,722
18,886,968
276,892
5,186
21,719
2,105,179
18,027,497
16,224,747
2,286,729
138,594
(1,001,982)
0
0
29,165
3,255,256
(1,150,077)
2006
11/06/2012 04:32 PM
General: Offshore Insurance Fund
22006Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Description Row No. Amount
Commission on Club guarantees 1 21,719
Total = Row 5 of Form 2 26 21,719
11/06/2012 04:32:17 PM
General: Singapore Insurance Fund
22006Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Description
Staff salaries & expenses
Office rent
Head office / parent company expenses
Directors' fees
Audit fees
Managing agent's fees
Repairs and maintenance
Public utilities
Printing, stationery and periodicals
Postage, telephone and telex charges
Computer charges
Hire of office equipment
Licence and association fees
Advertising and subscriptions
Entertainment
Travelling expenses
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
0
0
0
0
14,152
760,096
0
0
0
0
0
0
14,878
710
2,200
3,682
Meeting expenses 1 6,335
Marketing expenses 2 18,604
Survey fees 3 11,930
Miscellaneous expenses 4 13,740
Professional fees 5 4,703
Total = Row 9 of Form 2 27 851,030
11/06/2012 04:32:18 PM
General: Offshore Insurance Fund
22006Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Description
Staff salaries & expenses
Office rent
Head office / parent company expenses
Directors' fees
Audit fees
Managing agent's fees
Repairs and maintenance
Public utilities
Printing, stationery and periodicals
Postage, telephone and telex charges
Computer charges
Hire of office equipment
Licence and association fees
Advertising and subscriptions
Entertainment
Travelling expenses
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
0
0
0
0
33,022
1,773,558
0
0
0
0
0
0
34,785
1,655
11,152
193,226
Meeting expenses 1 14,782
Marketing expenses 2 43,695
Survey fees/Safety& loss 3 129,060
Professional fees 4 13,181
Miscellaneous expenses 5 38,613
Total = Row 9 of Form 2 27 2,286,729
11/06/2012 04:32:18 PM
General: Singapore Insurance Fund
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
I830G
22006
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Description Row No. Amount
Exchange difference 1 24,904
Total = Row 14 of Form 2 26 24,904
11/06/2012 04:32:20 PM
General: Offshore Insurance Fund
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
I830G
22006
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Description Row No. Amount
Exchange difference 1 29,165
Total = Row 14 of Form 2 26 29,165
11/06/2012 04:32:20 PM
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
Reporting Cycle: 2006 2
ANNUAL RETURN: FORM 2 - ADDITIONAL INFORMATION
NIL
11/06/2012 04:32 PM
General: Singapore Insurance Fund
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
22006Reporting Cycle:
ANNUAL RETURN: FORM 6 - STATEMENT OF PREMIUMS, CLAIMS AND UNDERWRITING RESULTS IN RESPECT OF GENERAL BUSINESS
Description
A. PREMIUMS
Gross premiums
Direct business
Reinsurance business accepted -
In Singapore
From other ASEAN countries
From other countries
Total (2 to 4)
Reinsurance business ceded -
In Singapore
To other ASEAN countries
To other countries
Total (6 to 8)
Net premiums written (1 + 5 - 9)
Premium liabilities at beginning of period
Premium liabilities at end of period
Premiums earned during the period (10 + 11 - 12)
B. CLAIMS
Gross claims settled
Direct business
Reinsurance business accepted -
In Singapore
From other ASEAN countries
From other countries
Total (15 to 17)
Recoveries from reinsurance business ceded -
In Singapore
To other ASEAN countries
To other countries
Total (19 to 21)
Net claims settled (14 + 18 - 22)
Claims liabilities at end of period
Claims liabilities at beginning of period
Net claims incurred (23 + 24 - 25)
C. MANAGEMENT EXPENSES
Management Expenses
D. DISTRIBUTION EXPENSES
Commissions
Reinsurance commissions
Net commissions incurred (28 - 29)
Other distribution expenses
E. UNDERWRITING RESULTS
Underwriting gain / (loss) (13 - 26 - 27 - 30 - 31)
F. NET INVESTMENT INCOME
G. OPERATING RESULT (32 + 33)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Marine andAviation - Cargo
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Marine andAviation - Hulland Liability
8,465,133
0
0
0
0
0
0
7,722,274
7,722,274
742,859
0
0
742,859
2,231,342
0
0
0
0
0
0
2,008,208
2,008,208
223,134
1,313,058
1,502,989
33,203
851,030
221,568
199,411
22,157
0
(163,531)
89,439
(74,092)
Fire
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Motor
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Work InjuryCompensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PersonalAccident
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Health
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc - PublicLiability
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc - Bonds
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc -Engineering /
CAR / EAR
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc -Professional
Indemnity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc - Credit /Political Risk
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc - Others
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Misc - Sub-Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
8,465,133
0
0
0
0
0
0
7,722,274
7,722,274
742,859
0
0
742,859
2,231,342
0
0
0
0
0
0
2,008,208
2,008,208
223,134
1,313,058
1,502,989
33,203
851,030
221,568
199,411
22,157
0
(163,531)
89,439
(74,092)
11/06/2012 04:32 PM
General: Offshore Insurance Fund
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
22006Reporting Cycle:
ANNUAL RETURN: FORM 6 - STATEMENT OF PREMIUMS, CLAIMS AND UNDERWRITING RESULTS IN RESPECT OFGENERAL BUSINESS
Description
A. PREMIUMS
Gross premiums
Direct business
Reinsurance business accepted -
In Singapore
From other ASEAN countries
From other countries
Total (2 to 4)
Reinsurance business ceded -
In Singapore
To other ASEAN countries
To other countries
Total (6 to 8)
Net premiums written (1 + 5 - 9)
Premium liabilities at beginning of period
Premium liabilities at end of period
Premiums earned during the period (10 + 11 - 12)
B. CLAIMS
Gross claims settled
Direct business
Reinsurance business accepted -
In Singapore
From other ASEAN countries
From other countries
Total (15 to 17)
Recoveries from reinsurance business ceded -
In Singapore
To other ASEAN countries
To other countries
Total (19 to 21)
Net claims settled (14 + 18 - 22)
Claims liabilities at end of period
Claims liabilities at beginning of period
Net claims incurred (23 + 24 - 25)
C. MANAGEMENT EXPENSES
Management Expenses
D. DISTRIBUTION EXPENSES
Commissions
Reinsurance commissions
Net commissions incurred (28 - 29)
Other distribution expenses
E. UNDERWRITING RESULTS
Underwriting gain / (loss) (13 - 26 - 27 - 30 - 31)
F. NET INVESTMENT INCOME
G. OPERATING RESULT (32 + 33)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Marine andAviation - Cargo
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Marine andAviation - Hulland Liability
20,698,722
0
0
0
0
0
0
18,886,968
18,886,968
1,811,754
0
0
1,811,754
18,027,497
0
0
0
0
0
0
16,224,747
16,224,747
1,802,750
2,360,422
3,362,404
800,768
2,286,730
1,385,937
1,247,343
138,594
0
(1,414,338)
271,706
(1,142,632)
Property
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Casualty andOthers
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
20,698,722
0
0
0
0
0
0
18,886,968
18,886,968
1,811,754
0
0
1,811,754
18,027,497
0
0
0
0
0
0
16,224,747
16,224,747
1,802,750
2,360,422
3,362,404
800,768
2,286,730
1,385,937
1,247,343
138,594
0
(1,414,338)
271,706
(1,142,632)
11/06/2012 04:32 PM
ANNUAL RETURN: NOTES TO FORM 6
22006Reporting Cycle:
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
General: Singapore Insurance Fund
Note 1 - Items in this Form may be allocated according to a reasonable basis used by theregistered insurer which is acceptable to its external auditor. The bases used shall bestated as a Note to this Form.
NIL
Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.
NIL
11/06/2012 04:32 PM
ANNUAL RETURN: NOTES TO FORM 6
22006Reporting Cycle:
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
General: Offshore Insurance Fund
Note 1 - Items in this Form may be allocated according to a reasonable basis used by theregistered insurer which is acceptable to its external auditor. The bases used shall bestated as a Note to this Form.
NIL
Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.
NIL
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 6 - ADDITIONAL INFORMATION
22006Reporting Cycle:
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
NIL
11/06/2012 04:32 PM
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
ANNUAL RETURN: FORM 8 - BALANCE SHEET IN RESPECT OF GLOBAL BUSINESS OPERATIONS
Reporting Cycle: 22006
Description
ASSETSEquity securitiesDebt securitiesLand and buildings
LoansCash and deposits
Other invested assets
Investment income due or accrued
Outstanding premiums and agents' balancesDeposits withheld by cedantsReinsurance recoverables (on paid claims)Income tax recoverables
Fixed assets
Inter-fund balances and intra-group balances (due from)
Other assetsTotal Assets (1 to 14)LIABILITIESPolicy liabilitiesOther liabilities
Outstanding claims Annuities due and unpaid
Reinsurance deposits Amounts owing to insurers Bank loans and overdrafts
Inter-fund balances and intra-group balances (due to) OthersTotal Liabilities (16 to 23)NET ASSETS (15 - 24)SHAREHOLDERS' EQUITY & SURPLUSPaid-up capital
Reserves: Unappropriated profits (losses)
Other reservesSurplus
Total (26 to 29)
RowNo.
123
45
6
7
89
1011
12
13
1415
16
1718
192021
22232425
26
27
2829
30
Business in Singapore- Life Business
000
00
0
0
0000
0
0
00
0
00
000
0000
0
0
Business in Singapore- General Business
013,357,980
0
012,389,307
0
63,482
5,903,888000
0
4,691
69,62431,788,972
3,673,480
26,4640
013,045,642
0
9,585,308244,665
26,575,5595,213,413
5,213,413
5,213,413
Overseas (Branch)Operations - Life
Business
000
00
0
0
0000
0
0
00
0
00
000
0000
0
0
Overseas (Branch)Operations - General
Business
000
00
0
0
0000
0
0
00
0
00
000
0000
0
0
Shareholders Fund
026,147,249
0
02,219,866
0
2,428
0000
0
0
028,369,543
00
000
174,322291,984466,306
27,903,237
19,150,531
6,535,196
2,217,510
27,903,237
Total
039,505,229
0
014,609,173
0
65,910
5,903,888000
0
4,691
69,62460,158,515
3,673,480
26,4640
013,045,642
0
9,759,630536,649
27,041,86533,116,650
19,150,531
6,535,196
2,217,5105,213,413
33,116,650
11/06/2012 04:32 PM
ANNUAL RETURN: ANNEX 8A - STATEMENT OF CHANGES IN EQUITY OF SHAREHOLDERS FUND
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
2Reporting Cycle: 2006
I830G
Description
Balance at beginning of period
Changes in accounting policy
Increase (decrease) in reserves
Net profit for the period
Dividends paid for the period
Issue of share capital
Transfer (to) from insurance funds maintained in Singapore
Transfer (to) from overseas (branch) operations
Balance at End of Period
Row No.
1
2
3
4
5
6
7
8
9
Paid-up Capital
19,150,531
0
0
0
0
0
0
0
19,150,531
Other Reserves
2,328,604
0
-111,094
0
0
0
0
0
2,217,510
UnappropriatedProfits (Losses)(Please Specify)
6,472,794
0
0
62,402
0
0
0
0
6,535,196
Total
27,951,929
0
-111,094
62,402
0
0
0
0
27,903,237
11/06/2012 04:32 PM
ANNUAL RETURN: ANNEX 8B - INTRA-GROUP BALANCES IN RESPECT OF OVERSEAS OPERATIONS(GENERAL BUSINESS)
2Reporting Cycle: 2006
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
Description
Due From
Balances due from head office / shareholders fund
Balances due from related corporations
Balances due from insurance funds established and maintained under theAct
Total Balances Due From
Due To
Balances due to head office / shareholders fund
Balances due to related corporations
Balances due to insurance funds established and maintained under the Act
Total Balances Due To
Total Net Balances (4 - 8)
Row No.
1
2
3
4
5
6
7
8
9
Amount
0
0
0
0
0
0
0
0
0
11/06/2012 04:32 PM
2006 2Reporting Cycle:
ANNUAL RETURN: NOTES TO FORM 8
I830G THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
Note 1 Breakdown of "Other Reserves" Row No. Amount
Foreign currency translation reserve 1 2,217,510
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 8 - ADDITIONAL INFORMATION
22006Reporting Cycle:
NIL
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
2Reporting Cycle: 2006
I830G
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
11/06/2012 04:32 PM
Description
Gross premiums
Less: Outward reinsurance premiums
Investment revenue
11/06/2012 04:32 PM
Row No.
1
2
3
Business inSingapore - Life
Business
0
0
0
Business inSingapore -
GeneralBusiness
29,163,855
26,609,242
373,922
Overseas(Branch)
Operations -Life Business
0
0
0
11/06/2012 04:32 PM
Overseas(Branch)
Operations -Life Business
0
0
0
Overseas(Branch)
Operations -General
Business
0
0
0
ShareholdersFund
-366,802
Total
29,163,855
26,609,242
7,120
11/06/2012 04:32 PM
Less: Investment expenses
Other income
Total Income (1 to 5)
Gross claims settled
Less: Reinsurance recoveries
Management expenses
Distribution expenses
Increase (decrease) in net policy liabilities
11/06/2012 04:32 PM
4
5
6
7
8
9
10
11
0
0
0
0
0
0
0
0
12,777
21,719
2,937,477
20,258,839
18,232,955
3,137,759
160,751
-1,191,913
0
0
0
0
0
0
0
0
11/06/2012 04:32 PM
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,867
0
-375,669
0
0
21,644
21,719
2,561,808
20,258,839
18,232,955
3,137,759
160,751
-1,191,913
11/06/2012 04:32 PM
Provision for doubtful debts / bad debts writtenoff on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
NET INCOME (6 - 15)
11/06/2012 04:32 PM
12
13
14
15
16
0
0
0
0
0
0
0
54,069
4,186,550
-1,249,073
0
0
0
0
0
11/06/2012 04:32 PM
0
0
0
0
0
0
0
0
0
0
0
-470,205
32,134
-438,071
62,402
0
-470,205
86,203
3,748,479
-1,186,671
11/06/2012 04:32 PM
ANNUAL RETURN: FORM 9 - ADDITIONAL INFORMATION
22006Reporting Cycle:
NIL
THE STANDARD STEAMSHIP OWNERS' P&I ASSN (ASIA) LTD C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTEI830G
11/06/2012 04:32 PM