Territory Stories

TIO MAC Report Statement of Corporate Intent 1 July 2008-30 June 2009

Details:

Title

TIO MAC Report Statement of Corporate Intent 1 July 2008-30 June 2009

Other title

Tabled paper 541

Collection

Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT

Date

2009-10-19

Description

Deemed paper

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/280445

Citation address

https://hdl.handle.net/10070/416074

Page content

ATTACHMENT A- FINANCIAL STATEMENTS MAC PROFIT AND LOSS STATEMENT FOR THE PERIOD ENDED JUNE 2009 Year to Date Variance %VarianceBudgetActual 0.0%7,407 303,820 53,877,729 7,615,010 53,870,322 7,918,830 Premium revenue Outward reinsurance expenses Net Earned Premium Claim expenses Reinsurance and other recoveries Net Incurred Claims Commission Incurred Direct Expenses Indirect Expenses (MAC) Indirect Expenses (TIO) Net Expenses Underwriting Profit/(Loss) Investment Income. Profit/(Loss) 3.8% 0.7%45,951,492 311,22746,262,719 7,931,142 _ 57,969 15.0%52,862,54144,931,399 57,969 0.0%i0 15.1%52,862,541 7,989,11144,873,430 (86,592) (484,452) (114,798) (53,842) (14.6%) (16.1%) (21.0%) (1.8%) 591,432 3,006,329 545,629 3,011,757 678,023 3,490,781 660,427 3,065,599 (739,684) (10.3%)7,155,1477,894,830 7,560,655 (53.8%)(14,066,195)(6,505,541) (240.7%)(53,754,299)(31,421,776) 22,332,523 (46,193,645) (558.8%)8,266,328(37,927,317) 8.4%3,386,000 100,000 283,2933,102,707 99,320 Community Service Obligations Supervision Fee 0.7%680 (972.3%)(46,477,618)4,780,328Net Profit/(Loss) $ (41,129,344) (46,477,618) (12,021,730) 11,560,736 (292,624) (53,754,299) (972.3%)4,780,328(41,129,344) (12,021,730) 11,560,736 (292,624) (53,754,299) Net Profit/(Loss) Before Tax External Factors - Interest Rates External Factors - AWE External Factors - Restructure Costs Investment Income variance to Budget Net Profit/Loss before tax from normal operations__________ 0 0 0 0 168.0%4,780,328 8,030,29913,378,574


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