TIO MAC Report Statement of Corporate Intent 1 July 2008-30 June 2009
Tabled paper 541
Tabled Papers for 11th Assembly 2008 - 2012; Tabled Papers; ParliamentNT
2009-10-19
Deemed paper
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.
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https://www.legislation.gov.au/Details/C2019C00042
https://hdl.handle.net/10070/280445
https://hdl.handle.net/10070/416074
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