annual return: form 1 - fund balance sheet · 2016. 6. 3. · 5,253,888 357,193 4,896,695 54,360...
TRANSCRIPT
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Singapore Insurance Fund
122006
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
7,882,055
38,512,204
25,840,000
0
76,571,339
0
744,457
5,180,621
4
1,338,479
501,327
862,152
0
263,322
157,695,960
86,835,964
0
0
581,071
5,469,771
0
0
4,357,403
97,244,209
60,451,751
12/06/2012 12:15 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
General: Offshore Insurance Fund
122006
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12/06/2012 12:15 PM
General: Singapore Insurance Fund
Description
Equity securities other than collective investment schemes
Collective investment schemes
Total (1 to 2) = Row 1 of Form 1
Row No.
1
2
3
Listed
7,682,245
181,000
Unlisted
18,810
0
Amount
7,701,055
181,000
7,882,055
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
12/06/2012 12:16:19 PM
General: Offshore Insurance Fund
Description
Equity securities other than collective investment schemes
Collective investment schemes
Total (1 to 2) = Row 1 of Form 1
Row No.
1
2
3
Listed
0
0
Unlisted
0
0
Amount
0
0
0
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
12/06/2012 12:16:19 PM
General: Singapore Insurance Fund
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
2,862,398
24,097,779
11,552,027
38,512,204
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
12/06/2012 12:16:19 PM
General: Offshore Insurance Fund
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
12/06/2012 12:16:19 PM
General: Singapore Insurance Fund
122006
I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Location and Descriptionof Land and Buildings Row No. Cost
LastRevaluation
Date
Last ReportedAmount
Changes fromLast Reported
AmountAmount
105 Cecil Street #18th& 19thStorey The OctagonSingapore 069534
1 12,458,200 31/12/2006 9,300,000 3,400,000 12,700,000
123 Meyer Road #19-04 TheMakena Singapore 437934 2 1,642,600 31/12/2006 1,350,000 150,000 1,500,000
123 Meyer Road #10-01 TheMakena Singapore 437934
3 1,024,600 31/12/2006 830,000 80,000 910,000
32 Parbury Ave #04-02Parbury Hill CondominiumSingapore 467301
4 1,184,689 31/12/2006 980,000 0 980,000
12/06/2012 12:16:41 PM
Location and Descriptionof Land and Buildings
Row No. CostLast
RevaluationDate
Last ReportedAmount
Changes fromLast Reported
AmountAmount
62 Cecil Street TPI Building#B1-00,#03-00, #04-00Singapore
5 10,000,000 31/12/2006 7,900,000 1,850,000 9,750,000
Total = Row 3 of Form 1 21 25,840,000
12/06/2012 12:16:41 PM
General: Offshore Insurance Fund
122006
I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Location and Descriptionof Land and Buildings Row No. Cost
LastRevaluation
Date
Last ReportedAmount
Changes fromLast Reported
AmountAmount
Total = Row 3 of Form 1 21 0
12/06/2012 12:16:41 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
Row No.
1
2
3
4
5
Amount Outstanding
0
0
0
0
Provision for DoubtfulLoans
0
0
0
0
Amount
0
0
0
0
0
12/06/2012 12:16:19 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
Row No.
1
2
3
4
5
Amount Outstanding
0
0
0
0
Provision for DoubtfulLoans
0
0
0
0
Amount
0
0
0
0
0
12/06/2012 12:16:19 PM
General: Singapore Insurance Fund 2006 12Reporting Cycle:
I843G
ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description
Derivatives
Options:
(a) Call options
(b) Put options
(c) Swaptions
(d) Other options
Total investments in options (1 to 4)
Futures contracts:
(a) Currency futures contracts
(b) Interest rate futures contracts
(c) Other futures contracts
Total investments in futures contracts (6 to 8)
Forward contracts:
(a) Currency forward contracts
(b) Interest rate forward contracts
(c) Other forward contracts
Total investments in forward contracts (10 to 12)
Swaps:
(a) Interest rate swaps
(b) Currency swaps
(c) Other swaps
Total investments in swaps (14 to 16)
Other derivatives
Total investments in derivatives (5 + 9 + 13 + 17 + 18)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
NotionalPrincipalAmount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other invested assets excluding derivatives
12/06/2012 12:16 PM
Total investments in other invested assets excludingderivatives 40 0
Total = Row 6 of Form 1 41 0
12/06/2012 12:16 PM
General: Offshore Insurance Fund 2006 12Reporting Cycle:
I843G
ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description
Derivatives
Options:
(a) Call options
(b) Put options
(c) Swaptions
(d) Other options
Total investments in options (1 to 4)
Futures contracts:
(a) Currency futures contracts
(b) Interest rate futures contracts
(c) Other futures contracts
Total investments in futures contracts (6 to 8)
Forward contracts:
(a) Currency forward contracts
(b) Interest rate forward contracts
(c) Other forward contracts
Total investments in forward contracts (10 to 12)
Swaps:
(a) Interest rate swaps
(b) Currency swaps
(c) Other swaps
Total investments in swaps (14 to 16)
Other derivatives
Total investments in derivatives (5 + 9 + 13 + 17 + 18)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
NotionalPrincipalAmount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other invested assets excluding derivatives
12/06/2012 12:16 PM
Total investments in other invested assets excludingderivatives 40 0
Total = Row 6 of Form 1 41 0
12/06/2012 12:16 PM
2006 12Reporting Cycle:General: Singapore Insurance Fund
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: ANNEX 1F(b) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS' BALANCES OF DIRECTGENERAL INSURER
Description
In respect of direct business
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
Up to 3 months
Above 3 months but not exceeding 6 months
Above 6 months but not exceeding 12 months
Above 12 months
Gross total (2 to 5)
Provision for doubtful debts
Total outstanding premiums and agents' balances in respect of directbusiness (6 - 7)
In respect of reinsurance business
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
RowNo.
1
2
3
4
5
6
7
8
9
Direct Business- Agents
1,792,748
2,705,106
0
80,554
68,021
2,853,681
115,307
2,738,374
Direct Business- Brokers
53,975
2,002,157
0
10,086
60,827
2,073,070
161,255
1,911,815
Direct Business- Others
6,193
250,052
1,644
0
75,441
327,137
80,631
246,506
Amount
1,852,916
4,957,315
1,644
90,640
204,289
5,253,888
357,193
4,896,695
54,360
12/06/2012 12:15 PM
Up to 6 months
Above 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (10 to 13)
Provision for doubtful debts
Total outstanding premiums and agents' balances in respect ofreinsurance business (14 - 15)
Total (8 + 16) = Row 8 of Form 1
10
11
12
13
14
15
16
17
271,424
14,835
402
64,403
351,064
67,138
283,926
5,180,621
Note: For direct insurance business, outstanding period starts from date of commencement of the cover.
In respect of reinsurance business, outstanding period commences from the date of premiums are accrued in the books of the registered insurer.
12/06/2012 12:15 PM
2006 12Reporting Cycle:General: Offshore Insurance Fund
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: ANNEX 1F(b) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS' BALANCES OF DIRECTGENERAL INSURER
Description
In respect of direct business
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
Up to 3 months
Above 3 months but not exceeding 6 months
Above 6 months but not exceeding 12 months
Above 12 months
Gross total (2 to 5)
Provision for doubtful debts
Total outstanding premiums and agents' balances in respect of directbusiness (6 - 7)
In respect of reinsurance business
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
Up to 6 months
RowNo.
1
2
3
4
5
6
7
8
9
10
Direct Business- Agents
0
0
0
0
0
0
0
0
Direct Business- Brokers
0
0
0
0
0
0
0
0
Direct Business- Others
0
0
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
0
0
0
12/06/2012 12:15 PM
Above 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (10 to 13)
Provision for doubtful debts
Total outstanding premiums and agents' balances in respect ofreinsurance business (14 - 15)
Total (8 + 16) = Row 8 of Form 1
11
12
13
14
15
16
17
0
0
0
0
0
0
0
Note: For direct insurance business, outstanding period starts from date of commencement of the cover.
In respect of reinsurance business, outstanding period commences from the date of premiums are accrued in the books of the registered insurer.
12/06/2012 12:15 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES
Description
Reinsurance recoveries on unpaid claims
Reinsurance recoverables written off during the year
Ageing of reinsurance recoverables (on paid claims):
Outstanding period
Up to 1 year
Above 1 year but not exceeding 2 years
Above 2 years
Total (3 to 5)
Provision for doubtful reinsurance recoverables
Total (6 - 7) = Row 10 of Form 1
Row No.
1
2
3
4
5
6
7
8
Amount
19,651,166
483,225
487,287
1,026,474
470,464
1,984,225
645,746
1,338,479
12/06/2012 12:16 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES
Description
Reinsurance recoveries on unpaid claims
Reinsurance recoverables written off during the year
Ageing of reinsurance recoverables (on paid claims):
Outstanding period
Up to 1 year
Above 1 year but not exceeding 2 years
Above 2 years
Total (3 to 5)
Provision for doubtful reinsurance recoverables
Total (6 - 7) = Row 10 of Form 1
Row No.
1
2
3
4
5
6
7
8
Amount
0
0
0
0
0
0
0
0
12/06/2012 12:16 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
355,601
276,261
230,290
862,152
12/06/2012 12:16 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 12:16 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND
Description
Balances due from head office / shareholders fund
Balances due from overseas branches / related corporations
Balances due from other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 13 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE FROM)
12/06/2012 12:16 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND
Description
Balances due from head office / shareholders fund
Balances due from overseas branches / related corporations
Balances due from other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 13 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE FROM)
12/06/2012 12:16 PM
General: Singapore Insurance Fund
Description Row No. Amount
Club membership 1 20,500
Sundry deposits 2 68,611
Prepayments 3 144,569
Sundry debtors 4 29,642
Total = Row 14 of Form 1 26 263,322
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
2006 12
ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS
Reporting Cycle:
12/06/2012 12:16 PM
General: Offshore Insurance Fund
Description Row No. Amount
Total = Row 14 of Form 1 26 0
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
2006 12
ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS
Reporting Cycle:
12/06/2012 12:16 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND
Description
Balances due to head office / shareholders fund
Balances due to overseas branches / related corporations
Balances due to other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 22 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE TO)
12/06/2012 12:16 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND
Description
Balances due to head office / shareholders fund
Balances due to overseas branches / related corporations
Balances due to other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 22 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE TO)
12/06/2012 12:16 PM
General: Singapore Insurance Fund
Description Row No. Amount
Other creditors 1 46,217
Accruals and provisions 2 1,726,836
Provision for staff leave 3 68,375
GST payable 4 448,688
Provision for bonus 5 895,000
Provision for taxation 6 1,172,287
Total = Row 23 of Form 1 26 4,357,403
Reporting Cycle: 122006
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
12/06/2012 12:16 PM
General: Offshore Insurance Fund
Description Row No. Amount
Total = Row 23 of Form 1 26 0
Reporting Cycle: 122006
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
12/06/2012 12:16 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1N - SURPLUS
Description
Surplus at beginning of period
Net income
Transfer (to) from head office / shareholders fund
Surplus at End of Period (1 to 3) = Row 25 of Form 1
Row No.
1
2
3
4
Amount
48,628,684
11,823,067
0
60,451,751
12/06/2012 12:16 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1N - SURPLUS
Description
Surplus at beginning of period
Net income
Transfer (to) from head office / shareholders fund
Surplus at End of Period (1 to 3) = Row 25 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 12:16 PM
General: Singapore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1(ii) - INFORMATION IN RESPECT OF REDUCTION IN UNEARNED PREMIUM RESERVES
DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF GENERAL BUSINESS
Description
Registered insurer / foreign insurer under the foreign insurer scheme
Authorised reinsurer / related corporation / head office / branch of head office of theregistered insurer
Unregistered reinsurer
Total (1 to 3)
Row No.
1
2
3
4
Amount
1,468,766
428,931
185,513
2,083,210
12/06/2012 12:16:19 PM
General: Offshore Insurance Fund
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1(ii) - INFORMATION IN RESPECT OF REDUCTION IN UNEARNED PREMIUM RESERVES
DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF GENERAL BUSINESS
Description
Registered insurer / foreign insurer under the foreign insurer scheme
Authorised reinsurer / related corporation / head office / branch of head office of theregistered insurer
Unregistered reinsurer
Total (1 to 3)
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 12:16:19 PM
Description of Assets and Name of Investee Company
Name of company: -
Equity securities
Debt securities
Secured loans
Unsecured loans
Other invested assets
Row No.
1
2
3
4
5
No. of Units
0
0
0
0
0
Cost
0
0
0
0
0
Amount
0
0
0
0
0
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
A RELATED CORPORATION OF REGISTERED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
I843G
2006 12
General: Singapore Insurance Fund
12/06/2012 12:16:44 PM
Description of Assets and Name of Investee Company
Name of company: -
Equity securities
Debt securities
Secured loans
Unsecured loans
Other invested assets
Row No.
1
2
3
4
5
No. of Units
0
0
0
0
0
Cost
0
0
0
0
0
Amount
0
0
0
0
0
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
A RELATED CORPORATION OF REGISTERED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
I843G
2006 12
General: Offshore Insurance Fund
12/06/2012 12:16:44 PM
General: Singapore Insurance Fund
I843G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122006
CHINA TAIPING INSURANCE (SINGAPORE) 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 futureinstalment premiums 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
12/06/2012 12:17 PM
General: Offshore Insurance Fund
I843G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122006
CHINA TAIPING INSURANCE (SINGAPORE) 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 futureinstalment premiums 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
12/06/2012 12:17 PM
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Reporting Cycle: 122006
ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION
NIL
12/06/2012 12:15 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
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
54,144,737
13,703,743
12,009,392
446,808
539,408
52,542,986
28,867,960
7,748,705
8,074,526
5,224,856
4,354,175
313,599
447,492
1,186,016
40,719,919
11,823,067
2006
12/06/2012 12:15 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2006
12/06/2012 12:15 PM
General: Singapore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Description
Registered insurer / foreign insurer under the foreing insurerscheme
Authorised reinsurer / related corporation / head office / branch ofhead office of the registered insurer
Unregistered reinsurer
Total (1 to 3) = Row 2 of Form 2
Row No.
1
2
3
4
Amount
2,073,494
6,653,017
4,977,232
13,703,743
12/06/2012 12:16:51 PM
General: Offshore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Description
Registered insurer / foreign insurer under the foreing insurerscheme
Authorised reinsurer / related corporation / head office / branch ofhead office of the registered insurer
Unregistered reinsurer
Total (1 to 3) = Row 2 of Form 2
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 12:16:51 PM
General: Singapore Insurance Fund
Description
Equity securities
Debt securities
Land and Buildings
Loans
Cash and deposits
Other invested assets
Total (1 to 6) = Row 3 of Form 2
Row No.
1
2
3
4
5
6
7
Interest / Dividend /Rental Income
574,823
1,427,141
148,200
120
2,202,816
0
Realised Gains(Losses) From Last
Reported Value /Write-backs(Write-offs)
1,526,276
12,519
0
0
0
0
Unrealised ChangesFrom Last Reported
Value
772,236
-134,739
5,480,000
0
0
0
Amount
2,873,335
1,304,921
5,628,200
120
2,202,816
0
12,009,392
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 2C - INVESTMENT REVENUE
12/06/2012 12:16:24 PM
General: Offshore Insurance Fund
Description
Equity securities
Debt securities
Land and Buildings
Loans
Cash and deposits
Other invested assets
Total (1 to 6) = Row 3 of Form 2
Row No.
1
2
3
4
5
6
7
Interest / Dividend /Rental Income
0
0
0
0
0
0
Realised Gains(Losses) From Last
Reported Value /Write-backs(Write-offs)
0
0
0
0
0
0
Unrealised ChangesFrom Last Reported
Value
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Reporting Cycle:
ANNUAL RETURN: ANNEX 2C - INVESTMENT REVENUE
12/06/2012 12:16:24 PM
General: Singapore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description Row No. Amount
Claims settling Fee 1 534
Transfer and duplicating fees 2 1,079
Miscellaneous income 3 537,795
Total = Row 5 of Form 2 26 539,408
12/06/2012 12:16:54 PM
General: Offshore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description Row No. Amount
Total = Row 5 of Form 2 26
12/06/2012 12:16:54 PM
General: Singapore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I843G CHINA TAIPING INSURANCE (SINGAPORE) 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
5,567,532
223,609
600,000
0
120,537
0
86,971
109,114
132,875
97,964
130,784
35,880
171,367
181,173
91,097
44,834
Property Tax 1 44,191
MCST Fund 2 158,604
Legal Fees 3 16,358
Meeting Fees 4 21,134
Professional Fees 5 51,263
Business/Associates& Recreation for staff 6 57,573
Nets Charges 7 80,650
Bank Charges and brokerages 8 8,386
Interest on RI deposits 9 1,641
Others 10 40,989
Total = Row 9 of Form 2 27 8,074,526
12/06/2012 12:16:57 PM
General: Offshore Insurance Fund
122006Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
I843G CHINA TAIPING INSURANCE (SINGAPORE) 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
0
0
0
0
0
0
0
0
0
0
0
0
Total = Row 9 of Form 2 27 0
12/06/2012 12:16:57 PM
General: Singapore Insurance Fund
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
I843G
122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description Row No. Amount
General expenses 1 29,695
Miscellaneous expenses 2 745
Depreciation 3 332,769
GST expenses 4 37,347
Foreign exchange losses 5 785,460
Total = Row 14 of Form 2 26 1,186,016
12/06/2012 12:17:06 PM
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Reporting Cycle: 2006 12
ANNUAL RETURN: FORM 2 - ADDITIONAL INFORMATION
NIL
12/06/2012 12:15 PM
General: Singapore Insurance Fund
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
122006Reporting 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
8,112,845
29,141
0
0
29,141
3,796,948
0
1,355,348
5,152,296
2,989,690
635,000
865,400
2,759,290
3,723,630
(23,360)
0
0
(23,360)
1,944,028
10,290
584,815
2,539,133
1,161,137
2,095,000
3,090,113
166,024
596,927
1,089,883
1,315,133
(225,250)
0
2,221,589
854,790
3,076,379
Marine andAviation - Hulland Liability
2,600,212
(14)
0
(185,364)
(185,378)
379,305
0
225,312
604,617
1,810,217
1,236,000
1,329,374
1,716,843
1,986,308
102,902
2,602
235,943
341,447
211,270
44,061
147,979
403,310
1,924,445
3,214,000
4,388,356
750,089
361,431
337,989
34,187
303,802
0
301,521
517,564
819,085
Fire
3,783,322
890,763
71,845
7,361
969,969
1,615,731
2,786
1,126,278
2,744,795
2,008,496
405,000
1,138,377
1,275,119
623,015
165,927
24,936
0
190,863
216,904
8,142
255,328
480,374
333,504
796,000
1,060,600
68,904
401,020
944,314
755,054
189,260
0
615,935
574,254
1,190,189
Motor
18,427,710
0
0
0
0
1,540,966
0
173,598
1,714,564
16,713,146
10,211,000
12,180,000
14,744,146
13,649,249
0
0
0
0
566,168
0
1,282,199
1,848,367
11,800,882
27,794,000
26,351,868
13,243,014
3,336,979
2,628,480
192,208
2,436,272
0
(4,272,119)
4,778,497
506,378
Work InjuryCompensation
4,384,877
26,383
0
0
26,383
432,100
0
151,771
583,871
3,827,389
2,954,000
3,857,000
2,924,389
6,229,596
155,953
0
0
155,953
466,573
18,703
1,243,601
1,728,877
4,656,672
12,511,000
10,791,090
6,376,582
764,184
390,852
91,014
299,838
0
(4,516,215)
1,094,298
(3,421,917)
PersonalAccident
654,335
35,380
0
0
35,380
112,244
0
54,152
166,396
523,319
120,578
137,441
506,456
233,512
0
0
0
0
35,033
0
3,244
38,277
195,235
104,157
192,509
106,883
104,487
186,859
53,353
133,506
0
161,580
149,623
311,203
Health
195,116
0
0
0
0
10,547
0
0
10,547
184,569
84,249
94,783
174,035
67,476
0
0
0
0
3,469
0
700
4,169
63,307
43,657
20,926
86,038
36,851
13,003
3,036
9,967
0
41,179
52,771
93,950
Misc - PublicLiability
778,287
9,685
0
0
9,685
415,089
382
145,326
560,797
227,175
159,856
148,229
238,802
814,680
94,285
0
0
94,285
129,428
5,751
256,782
391,961
517,004
1,984,369
1,698,282
803,091
45,358
127,102
181,436
(54,334)
0
(555,313)
64,952
(490,361)
Misc - Bonds
11,038,733
102,093
0
0
102,093
71,022
0
43,565
114,587
11,026,239
10,870,000
10,605,143
11,291,096
(134,840)
2,916
1,151
0
4,067
22,742
0
(191,445)
(168,703)
37,930
4,696,275
3,644,893
1,089,312
2,201,520
2,181,268
25,407
2,155,861
0
5,844,403
3,152,539
8,996,942
Misc -Engineering /
CAR / EAR
1,343,227
186,163
2,156
0
188,319
892,788
0
342,584
1,235,372
296,174
222,165
350,325
168,014
350,399
5,640
4,198
0
9,838
129,409
0
150,668
280,077
80,160
710,604
1,817,699
(1,026,935)
59,135
273,018
363,261
(90,243)
0
1,226,057
84,680
1,310,737
Misc -Professional
Indemnity
3,800
0
0
0
0
190
0
0
190
3,610
0
0
3,610
0
0
0
0
0
0
0
0
0
0
0
0
0
721
0
33
(33)
0
2,922
1,032
3,954
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
1,602,011
13,143
0
31,527
44,670
571,253
40,541
203,917
815,711
830,970
249,152
376,617
703,505
479,291
72,551
0
0
72,551
161,607
0
41,256
202,863
348,979
1,804,213
2,278,453
(125,261)
165,913
309,154
242,944
66,210
0
596,643
237,584
834,227
Misc - Sub-Total
14,766,058
311,084
2,156
31,527
344,767
1,950,342
40,923
735,392
2,726,657
12,384,168
11,501,173
11,480,314
12,405,027
1,509,530
175,392
5,349
0
180,741
443,186
5,751
257,261
706,198
984,073
9,195,461
9,439,327
740,207
2,472,647
2,890,542
813,081
2,077,461
0
7,114,712
3,540,787
10,655,499
Total
52,924,475
1,292,737
74,001
(146,476)
1,220,262
9,838,183
43,709
3,821,851
13,703,743
40,440,994
27,147,000
31,082,689
36,505,305
28,022,316
576,814
32,887
235,943
845,644
3,886,631
86,947
3,775,127
7,748,705
21,119,255
55,753,275
55,334,789
21,537,741
8,074,526
8,481,922
3,257,066
5,224,856
0
1,668,182
11,562,584
13,230,766
12/06/2012 12:15 PM
General: Offshore Insurance Fund
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
122006Reporting 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12/06/2012 12:15 PM
General: Singapore Insurance Fund
Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.
NIL
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 be statedas a Note to this Form.
MANAGEMENT EXPENSES:Management expenses are allocated to the different classes of business according to net premiumswritten. NET INVESTMENT INCOME:Net investment income is allocated to the different classes of business according to net premiumswritten.
I843G
Reporting Cycle: 2006 12
ANNUAL RETURN: NOTES TO FORM 6
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12/06/2012 12:17 PM
General: Offshore Insurance Fund
Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.
NIL
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 be statedas a Note to this Form.
NIL
I843G
Reporting Cycle: 2006 12
ANNUAL RETURN: NOTES TO FORM 6
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12/06/2012 12:17 PM
ANNUAL RETURN: FORM 6 - ADDITIONAL INFORMATION
122006Reporting Cycle:
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
NIL
12/06/2012 12:15 PM
ANNUAL RETURN: FORM 7 - STATEMENT IN RESPECT OF ACCIDENT AND HEALTH BENEFITS
Reporting Cycle: 2006 12CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Description
A. PREMIUMS
Gross premiums
Reinsurance ceded
Net premiums written (1 - 2)
Premium liabilities at beginning of period
Premium liabilities at end of period
Premium earned during the period (3 + 4 - 5)
B. CLAIMS
Gross claims settled
Reinsurance recoveries
Net claims settled (7 - 8)
Claim liabilities at end of period
Claim liabilities at beginning of period
Net claims incurred (9 + 10 - 11)
C. MANAGEMENT EXPENSES
Management expenses
D. DISTRIBUTION EXPENSES
Commissions
Reinsurance commissions
Net commissions incurred (14 - 15)
Other distribution expenses
E. UNDERWRITING RESULTS (6 - 12 - 13 - 16 - 17)
F. NET INVESTMENT INCOME
G. OPERATING RESULTS (18 + 19)
H. OTHERS
Number of policies in force
Number of lives covered under policies in force
Number of claims registered
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Medical Expense
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Medical Expense
Group
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Critical Illness
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Critical Illness
Group
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Disability
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Disability
Group
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Personal Accident
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Personal Accident
Group
689,715
166,396
523,319
120,578
137,441
506,456
233,512
38,277
195,235
104,157
192,509
106,883
104,487
186,859
53,353
133,506
0
161,580
149,623
311,203
5,777
0
212
Hospital Cash
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Hospital Cash
Group
195,116
10,547
184,569
84,249
94,783
174,035
67,476
4,169
63,307
43,657
20,926
86,038
36,851
13,003
3,036
9,967
0
41,179
52,771
93,950
65
0
48
Total
Individual
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
Group
884,831
176,943
707,888
204,827
232,224
680,491
300,988
42,446
258,542
147,814
213,435
192,921
141,338
199,862
56,389
143,473
0
202,759
202,394
405,153
5,842
0
260
Form 7 (b) - Accident and Health Insurance (Short-term)
12/06/2012 12:17 PM
ANNUAL RETURN: NOTES TO FORM 7(b)
122006Reporting Cycle:
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Note 1 - Items in this Form may be allocated according to a reasonable basis used by theregistered insurer. The bases used shall be stated as a Note to this Form.
Nil
12/06/2012 12:17 PM
ANNUAL RETURN: FORM 7(b) - ADDITIONAL INFORMATION
122006Reporting Cycle:
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
NIL
12/06/2012 12:17 PM
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
ANNUAL RETURN: FORM 8 - BALANCE SHEET IN RESPECT OF GLOBAL BUSINESS OPERATIONS
Reporting Cycle: 122006
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
7,882,05538,512,20425,840,000
0
76,571,3390
744,457
5,180,621
41,338,479
501,327
862,152
0
263,322157,695,960
86,835,964
00
581,0715,469,771
0
04,357,403
97,244,20960,451,751
60,451,751
60,451,751
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
000
0
14,065,0950
86,883
0
000
0
0
014,151,978
00
000
013,017,27713,017,277
1,134,701
50,000,000
-48,865,299
0
1,134,701
Total
7,882,05538,512,20425,840,000
0
90,636,4340
831,340
5,180,621
41,338,479
501,327
862,152
0
263,322171,847,938
86,835,964
00
581,0715,469,771
0
017,374,680
110,261,48661,586,452
50,000,000
-48,865,299
060,451,751
61,586,452
12/06/2012 12:15 PM
ANNUAL RETURN: ANNEX 8A - STATEMENT OF CHANGES IN EQUITY OF SHAREHOLDERS FUND
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12Reporting Cycle: 2006
I843G
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
45,000,000
0
0
0
0
5,000,000
0
0
50,000,000
Other Reserves
0
0
0
0
0
0
0
0
0
UnappropriatedProfits (Losses)(Please Specify)
-44,200,820
0
0
335,521
0
-5,000,000
0
0
-48,865,299
Total
799,180
0
0
335,521
0
0
0
0
1,134,701
12/06/2012 12:17 PM
ANNUAL RETURN: ANNEX 8B - INTRA-GROUP BALANCES IN RESPECT OF OVERSEAS OPERATIONS(GENERAL BUSINESS)
12Reporting Cycle: 2006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
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
12/06/2012 12:17 PM
Reporting Cycle:
ANNUAL RETURN: NOTES TO FORM 8
Note 1 Breakdown of "Other Reserves" Row No. Amount
12/06/2012 12:17 PM
ANNUAL RETURN: FORM 8 - ADDITIONAL INFORMATION
122006Reporting Cycle:
NIL
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
12/06/2012 12:15 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12Reporting Cycle: 2006
I843G
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
54,144,737
13,703,743
12,009,392
446,808
539,408
52,542,986
28,867,960
7,748,705
8,074,526
5,224,856
4,354,175
313,599
447,492
1,186,016
40,719,919
11,823,067
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
339,631
0
19,594
359,225
0
0
0
0
23,704
23,704
335,521
Total
54,144,737
13,703,743
12,349,023
446,808
559,002
52,902,211
28,867,960
7,748,705
8,074,526
5,224,856
4,354,175
313,599
447,492
1,209,720
40,743,623
12,158,588
12/06/2012 12:17 PM
ANNUAL RETURN: FORM 9 - ADDITIONAL INFORMATION
122006Reporting Cycle:
NIL
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
12/06/2012 12:17 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
122006Reporting Cycle:
ANNUAL RETURN: FORM 20 - ACTUARY'S CERTIFICATE ON POLICY LIABILITIES INRESPECT OF GENERAL BUSINESS
ACTUARIAL INVESTIGATION OF POLICY LIABILITIES
Description
Premium Liabilities
Claim Liabilities
Policy Liabilities
Singapore Insurance Fund
26
55
81
Offshore Insurance Fund
0
0
0
I have conducted an investigation into the valuation of policy liabilities relating to general businessas required under section 37 of the Insurance Act and confirm that the valuation is in accordance withall applicable requirements stipulated under the Act and directions issued under the Act, subject tothe qualifications stated below*. I certify these amounts, net of reinsurance, as follows:
*Qualifications (if none, state "none"):
None
12/06/2012 12:17:36 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
ANNUAL RETURN: FORM 20 - ADDITIONAL INFORMATION
122006Reporting Cycle:
NIL
I843G
12/06/2012 12:17 PM
General: Singapore Insurance Fund
ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND
Reporting Cycle:
Description
(i) Financial Resources of Insurance Fund
Balance in the surplus account (of participating fund)
Add:
Allowance for provision for non-guaranteed benefits
(of participating fund): (lower of 3 or 4)
Policy liabilities - minimum condition liability
50% of aggregate of provisions for non-guaranteed benefits and PAD
Surplus of insurance fund (of any other insurance fund)
Less:
Reinsurance adjustment
Financial resource adjustment: (8 to 12)
(a) loans to, guarantees granted for, and other
unsecured amounts owed to the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Financial Resources of Insurance Fund
(1 + 2 + 5 - 6 - 7)
(ii) Total Risk Requirement of Insurance Fund
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement
(for participating fund): (15 + 18)
(a) Policy Liability Risk Requirement:
(zero or 16 - 17, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(b) Surrender Value Condition Risk Requirement:
(zero or 19 - 20, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Higher of 21 or 22:
Sum of total risk requirement and minimum condition
liability of the insurance fund
Policy liabilities of the insurance fund
Life Insurance Risk Requirement
(other than participating fund) (24 + 27)
(a) Policy Liability Risk Requirement:
(zero or 25 - 26, whichever is higher)
Modified policy liabilities
Policy Liabilities
(b) Surrender Value Condition Risk Requirement:
(zero or 28 - 29, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Sum of total risk requirement and policy liabilities of the insurance fund
General Insurance Risk Requirement
(for general business): (31 to 32)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (14 + 23 + 30)
B. Component 2 Requirement - Investment Risks and Risks arising
from Interest Rate Sensitivity and Foreign Currency Mismatch
between Asset and Liabilities
Equity Investment Risk Requirement (35 to 36)
(a) Specific Risk Requirement
Row No.
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
35
Amount
0
0
0
1,000,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,954,251
14,241,257
630,564
0
0
60,451,751
25,995
1,000,000
59,425,756
0
0
19,195,508
19,195,508
1,261,128
2006 12
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12/06/2012 12:16:04 PM
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
(38 or 43, whichever is higher)
(a) Sum of: (39 + 42)
Debt investment risk requirement in an increasing interest rate
environment (40 to 41)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (44 + 47)
Debt investment risk requirement in a decreasing interest rate
environment (45 to 46)
Debt specific risk requirement
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
Loan Investment Risk Requirement
Property Risk Requirement
Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)
Derivative Counterparty Risk Requirement
Miscellaneous Risk Requirement
Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)
C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements
Exposure to non-liquid assets with Singapore Insurance Fund
(for general business)
Total C3 Requirement (54 to 60)
Total Risk Requirement of Insurance Fund (33 + 53 +61)
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
545556575859
60
61
62
630,564
2,164,101
2,164,101
1,270,454
893,647
0
376,807
376,807
1,270,454
-893,647
0
2,164,101
0
4,134,400
237,064
0
1,764,203
9,560,896
000000
0
0
28,756,404
12/06/2012 12:16:04 PM
General: Offshore Insurance Fund
ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND
Reporting Cycle:
Description
(i) Financial Resources of Insurance Fund
Balance in the surplus account (of participating fund)
Add:
Allowance for provision for non-guaranteed benefits
(of participating fund): (lower of 3 or 4)
Policy liabilities - minimum condition liability
50% of aggregate of provisions for non-guaranteed benefits and PAD
Surplus of insurance fund (of any other insurance fund)
Less:
Reinsurance adjustment
Financial resource adjustment: (8 to 12)
(a) loans to, guarantees granted for, and other
unsecured amounts owed to the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Financial Resources of Insurance Fund
(1 + 2 + 5 - 6 - 7)
(ii) Total Risk Requirement of Insurance Fund
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement
(for participating fund): (15 + 18)
(a) Policy Liability Risk Requirement:
(zero or 16 - 17, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(b) Surrender Value Condition Risk Requirement:
(zero or 19 - 20, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Higher of 21 or 22:
Sum of total risk requirement and minimum condition
liability of the insurance fund
Policy liabilities of the insurance fund
Life Insurance Risk Requirement
(other than participating fund) (24 + 27)
(a) Policy Liability Risk Requirement:
(zero or 25 - 26, whichever is higher)
Modified policy liabilities
Policy Liabilities
(b) Surrender Value Condition Risk Requirement:
(zero or 28 - 29, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Sum of total risk requirement and policy liabilities of the insurance fund
General Insurance Risk Requirement
(for general business): (31 to 32)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (14 + 23 + 30)
B. Component 2 Requirement - Investment Risks and Risks arising
from Interest Rate Sensitivity and Foreign Currency Mismatch
between Asset and Liabilities
Equity Investment Risk Requirement (35 to 36)
(a) Specific Risk Requirement
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
Row No.
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
35
36
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2006 12
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12/06/2012 12:16:04 PM
(38 or 43, whichever is higher)
(a) Sum of: (39 + 42)
Debt investment risk requirement in an increasing interest rate
environment (40 to 41)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (44 + 47)
Debt investment risk requirement in a decreasing interest rate
environment (45 to 46)
Debt specific risk requirement
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
Loan Investment Risk Requirement
Property Risk Requirement
Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)
Derivative Counterparty Risk Requirement
Miscellaneous Risk Requirement
Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)
C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements
Exposure to non-liquid assets with Singapore Insurance Fund
(for general business)
Total C3 Requirement (54 to 60)
Total Risk Requirement of Insurance Fund (33 + 53 +61)
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
545556575859
60
61
62
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000
0
0
0
12/06/2012 12:16:04 PM
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
122006Reporting Cycle:
ANNUAL RETURN: FORM 21 - ADDITIONAL INFORMATION
NIL
12/06/2012 12:16:04 PM
122006Reporting Cycle:
ANNUAL RETURN: FORM 22 - STATEMENT IN RELATION TO TOTAL RISK REQUIREMENT OF ASSETS ANDLIABILITIES OF REGISTERED INSURER THAT DO NOT BELONG TO ANY INSURANCE FUND ESTABLISHED AND
MAINTAINED UNDER THE ACT
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
Description
(i) Total Risk Requirement
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement:
(for participating business only) (2 + 5)
(a) Policy Liability Risk Requirement: (zero or 3 - 4, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(b) Surrender Value Condition Risk Requirement: (zero or 6 - 7, whichever is higher)
Aggregate of surrender values of policies
Higher of 8 or 9:
Sum of total risk requirement and minimum condition liability
Policy liabilities
Life Insurance Risk Requirement: (other than participating business) (11 + 14)
(a) Policy Liability Risk Requirement: (zero or 12 - 13, whichever is higher)
Modified policy liabilities
Policy liabilities
(b) Surrender Value Condition Risk Requirement: (zero or 15 - 16, whichever is higher)
Aggregate of surrender values of policies
Sum of total risk requirement and policy liabilities
General Insurance Risk Requirement (for general business) (18 to 19)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (1 + 10 + 17)
B. Component 2 Requirement - Investment Risks and Risks arising from Interest
Rate Sensitivity and Foreign Currency Mismatch between Asset and Liabilities
Equity Investment Risk Requirement: (22 to 23)
(a) Specific Risk Requirement
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
(25 or 30, whichever is higher)
(a) Sum of: (26 + 29)
Debt investment risk requirement in an increasing interest rate environment
(27 to 28)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (31 + 34)
Debt investment risk requirement in a decreasing interest rate environment
(32 to 33)
Debt specific risk requirement
Row No.
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
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12/06/2012 12:17:32 PM
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
Loan Investment Risk Requirement
Property Risk Requirement
Derivative Counterparty Risk Requirement
Miscellaneous Risk Requirement
Total C2 Requirement (21 + 24 + 35 + 36 + 37 + 38)
Total Risk Requirement of Assets and Liabilities of Registered Insurer that do not
belong to any insurance fund established and maintained under the Act (20 + 39)
33
34
35
36
37
38
39
40
0
0
0
0
0
47,428
47,428
47,428
12/06/2012 12:17:32 PM
122006Reporting Cycle:
ANNUAL RETURN: FORM 22 - ADDITIONAL INFORMATION
NIL
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.I843G
12/06/2012 12:17:32 PM
FORM 23 - STATEMENT IN RELATION TO CAPITAL ADEQUACY REQUIREMENT OF REGISTERED INSURER
ANNUAL RETURN
Reporting Cycle: 122006
CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
Description
(i) Financial Resources of Registered Insurer
A. Tier 1 Resource
Aggregate of surpluses of all insurance funds other than a participating fund
Balances in the surplus account of each participating fund
Paid-up ordinary share capital
Unappropriated profits (losses)
Surpluses of Overseas Branch Operations
Irredeemable and non-cumulative preference shares
Any other capital instrument approved by the Authority as a Tier 1 resource
Less:
Reinsurance adjustment
Financial resource adjustment: (10 to 14)
(a) loans to, guarantees granted for and other unsecured amounts owed to
the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Total Tier 1 Resource (1 to 7 less 8 to 9)
B. Tier 2 Resource
Irredeemable and non-cumulative preference shares not recognised
as Tier 1 resource
Irredeemable and non-cumulative preference shares
Other Tier 2 resource
Total Tier 2 Resource (16 to 18)
C. Aggregate of allowance for provisions for non-guaranteed benefits
of participating funds
Financial Resources of Registered Insurer (higher of $5m or 15 + 19 +20)
(ii) Total Risk Requirement of Registered Insurer
(a) Total risk requirements of insurance funds established or maintained
under the Act
(b) Total risk requirements of assets and liabilities that do not belong to any
insurance fund established and maintained under the Act
Total Risk Requirement of Registered Insurer (22 to 23)
CAPITAL ADEQUACY RATIO (21/24)
Row No.
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
1,000,000
0
0
0
28,756,404
47,428
60,451,751
0
50,000,000
-48,865,299
0
0
0
25,995
1,000,000
60,560,457
0
0
0
0
0
60,560,457
28,803,832
210.25 %
I843G
12/06/2012 12:16:07 PM
2006 12Reporting Cycle:
NIL
ANNUAL RETURN: FORM 23 - ADDITIONAL INFORMATION
I843G CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
12/06/2012 12:16:07 PM