annual return: form 1 - fund balance sheet · i830g the standard club asia ltd. c/o charles taylor...
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THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Singapore Insurance Fund
22011
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
3,960,364
0
0
2,705,380
0
111
3,332,532
0
0
0
0
0
77,463
10,075,850
1,935,211
10,557
0
0
3,421,827
0
3,339,303
(464,155)
8,242,743
1,833,107
29/08/2012 02:32 PM
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Offshore Insurance Fund
22011
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
5,741,156
0
0
9,347,360
0
8,128
4,457,501
0
0
0
0
65,592
17,262
19,636,999
4,006,613
24,365
0
0
13,286,512
0
634,826
(169,438)
17,782,878
1,854,121
29/08/2012 02:32 PM
General: Singapore Insurance Fund
I830G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 22011
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
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
29/08/2012 02:32 PM
General: Offshore Insurance Fund
I830G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 22011
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
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
29/08/2012 02:32 PM
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
Reporting Cycle: 22011
ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION
NIL
29/08/2012 02:32 PM
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
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
14,046,348
12,963,455
556,800
9,278
0
1,630,415
13,812,773
12,431,495
1,005,861
61,412
(529,499)
0
0
0
1,919,052
(288,637)
2011
29/08/2012 02:32 PM
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
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
34,438,627
31,747,414
602,434
7,279
1,296
3,287,664
9,366,530
8,511,477
2,417,226
313,832
903,738
0
0
0
4,489,849
(1,202,185)
2011
29/08/2012 02:32 PM
General: Offshore Insurance Fund
22011Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
Description Row No. Amount
Commission on guarantees 1 1,296
Total = Row 5 of Form 2 26 1,296
29/08/2012 02:32:12 PM
General: Singapore Insurance Fund
22011Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
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
19,391
810,793
0
0
0
0
0
0
4,448
727
19,896
71,112
Marketing expenses 1 12,814
Safety and Loss/Survey expenses 2 36,713
Professional fees 3 6,350
Miscellaneous 4 23,617
Total = Row 9 of Form 2 27 1,005,861
29/08/2012 02:32:14 PM
General: Offshore Insurance Fund
22011Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
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
45,043
1,891,851
0
0
0
0
0
0
10,379
1,696
42,682
258,123
Marketing expenses 1 29,375
Safety and Loss/survey fees 2 74,401
Professional fees 3 19,753
Miscellaneous 4 43,923
Total = Row 9 of Form 2 27 2,417,226
29/08/2012 02:32:14 PM
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
Description Row No. Amount
Total = Row 14 of Form 2 26
29/08/2012 02:32:16 PM
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
Reporting Cycle: 2011 2
ANNUAL RETURN: FORM 2 - ADDITIONAL INFORMATION
NIL
29/08/2012 02:32 PM
General: Singapore Insurance Fund
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
22011Reporting 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
14,046,348
0
0
0
0
0
0
12,963,455
12,963,455
1,082,893
0
0
1,082,893
13,812,773
0
0
0
0
0
0
12,431,495
12,431,495
1,381,278
1,935,211
2,464,710
851,779
1,005,861
614,120
552,708
61,412
0
(836,159)
547,522
(288,637)
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
14,046,348
0
0
0
0
0
0
12,963,455
12,963,455
1,082,893
0
0
1,082,893
13,812,773
0
0
0
0
0
0
12,431,495
12,431,495
1,381,278
1,935,211
2,464,710
851,779
1,005,861
614,120
552,708
61,412
0
(836,159)
547,522
(288,637)
29/08/2012 02:32 PM
General: Offshore Insurance Fund
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
22011Reporting 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
34,438,627
0
0
0
0
0
0
31,747,414
31,747,414
2,691,213
0
0
2,691,213
9,366,530
0
0
0
0
0
0
8,511,477
8,511,477
855,053
4,006,613
3,102,875
1,758,791
2,417,226
3,138,321
2,824,489
313,832
0
(1,798,636)
595,155
(1,203,481)
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
34,438,627
0
0
0
0
0
0
31,747,414
31,747,414
2,691,213
0
0
2,691,213
9,366,530
0
0
0
0
0
0
8,511,477
8,511,477
855,053
4,006,613
3,102,875
1,758,791
2,417,226
3,138,321
2,824,489
313,832
0
(1,798,636)
595,155
(1,203,481)
29/08/2012 02:32 PM
ANNUAL RETURN: NOTES TO FORM 6
22011Reporting Cycle:
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
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
29/08/2012 02:32 PM
ANNUAL RETURN: NOTES TO FORM 6
22011Reporting Cycle:
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
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
29/08/2012 02:32 PM
ANNUAL RETURN: FORM 6 - ADDITIONAL INFORMATION
22011Reporting Cycle:
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
SIFClaims liabilities as at beginning of period 21 Feb 2010 S$2464710Translation difference S$241973Claims liabilities as at end of period 20 Feb 2010 S$2706683 OIFClaims liabilities as at beginning of period 21 Feb 2010 S$3102875Translation difference S$385192Claims liabilities as at end of period 20 Feb 2010 S$3488067
29/08/2012 02:32 PM
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
ANNUAL RETURN: FORM 8 - BALANCE SHEET IN RESPECT OF GLOBAL BUSINESS OPERATIONS
Reporting Cycle: 22011
Description
ASSETSEquity securitiesDebt securitiesLand and buildings
Loans
Cash and depositsOther invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
Deposits 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
4
56
7
8
91011
12
13
1415
16
1718
192021
22232425
26
27
2829
30
Business in Singapore- Life Business
000
0
00
0
0
000
0
0
00
0
00
000
0000
0
0
Business in Singapore- General Business
09,701,520
0
0
12,052,7400
8,239
7,790,033
000
0
65,592
94,72529,712,849
5,941,824
34,9220
016,708,339
0
3,974,129-633,593
26,025,6213,687,228
3,687,228
3,687,228
Overseas (Branch)Operations - Life
Business
000
0
00
0
0
000
0
0
00
0
00
000
0000
0
0
Overseas (Branch)Operations - General
Business
000
0
00
0
0
000
0
0
00
0
00
000
0000
0
0
Shareholders Fund
018,409,954
0
0
3,707,8140
182
0
000
0
0
022,117,950
00
000
174,3220
174,32221,943,628
19,150,531
6,809,870
-4,016,773
21,943,628
Total
028,111,474
0
0
15,760,5540
8,421
7,790,033
000
0
65,592
94,72551,830,799
5,941,824
34,9220
016,708,339
0
4,148,451-633,593
26,199,94325,630,856
19,150,531
6,809,870
-4,016,7733,687,228
25,630,856
29/08/2012 02:32 PM
ANNUAL RETURN: ANNEX 8A - STATEMENT OF CHANGES IN EQUITY OF SHAREHOLDERS FUND
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
2Reporting Cycle: 2011
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
-1,505,291
0
-2,511,482
0
0
0
0
0
-4,016,773
UnappropriatedProfits (Losses)(Please Specify)
7,763,269
0
0
2,559,575
0
0
-3,512,974
0
6,809,870
Total
25,408,509
0
-2,511,482
2,559,575
0
0
-3,512,974
0
21,943,628
29/08/2012 02:32 PM
ANNUAL RETURN: ANNEX 8B - INTRA-GROUP BALANCES IN RESPECT OF OVERSEAS OPERATIONS(GENERAL BUSINESS)
2Reporting Cycle: 2011
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
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
29/08/2012 02:32 PM
2011 2Reporting Cycle:
ANNUAL RETURN: NOTES TO FORM 8
I830G THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
Note 1 Breakdown of "Other Reserves" Row No. Amount
Foreign currency translation reserves 1 -4,016,773
29/08/2012 02:32 PM
ANNUAL RETURN: FORM 8 - ADDITIONAL INFORMATION
22011Reporting Cycle:
NIL
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
29/08/2012 02:32 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTD
2Reporting Cycle: 2011
I830G
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 writtenoff on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
NET INCOME (6 - 15)
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Business inSingapore - Life
Business
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Business inSingapore -
GeneralBusiness
48,484,975
44,710,869
1,159,234
16,557
1,296
4,918,079
23,179,303
20,942,972
3,423,087
375,244
374,239
0
0
0
6,408,901
-1,490,822
Overseas(Branch)
Operations -Life Business
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Overseas(Branch)
Operations -General
Business
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
ShareholdersFund
2,568,681
9,106
0
2,559,575
0
0
0
0
0
0
2,559,575
Total
48,484,975
44,710,869
3,727,915
25,663
1,296
7,477,654
23,179,303
20,942,972
3,423,087
375,244
374,239
0
0
0
6,408,901
1,068,753
29/08/2012 02:32 PM
ANNUAL RETURN: FORM 9 - ADDITIONAL INFORMATION
22011Reporting Cycle:
NIL
THE STANDARD CLUB ASIA LTD. C/O CHARLES TAYLOR MUTUAL MGT (ASIA) PTE LTDI830G
29/08/2012 02:32 PM