2016 Assets & Income Statement
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited: Summarised Consolidated Statement of Financial Position for the year ended 20th February 2016Amounts in $000
2016
2015
Assets | ||
Investments |
1,078,340 |
1,133,071 |
Loans and receivables including insurance receivables |
111,092 |
101,019 |
Derivative financial instruments |
604 |
2,554 |
Reinsurance assets |
267,963 |
263,852 |
Cash and cash equivalents |
87,242 |
48,762 |
Accrued interest |
5,221 |
5,695 |
Total assets |
1,550,462 |
1,554,953 |
Reserves and liabilities |
||
Free reserves |
451,053 |
449,306 |
Cash flow hedging reserve |
(3,449) |
(477) |
Other reserves |
240 | 240 |
Total |
447,844 |
449,069 |
Financial liabilities - Perpetual subordinated |
99,069 |
98,697 |
Total |
546,913 |
547,766 |
Other liabilities |
||
Insurance liabilities |
969,305 |
978,931 |
Derivative financial instruments |
4,089 |
1,149 |
Trade and other payables |
29,942 |
26,850 |
Current income tax |
213 |
257 |
Total |
1,003,549 |
1,007,187 |
Total reserves and liabilities |
1,550,462 |
1,554,953 |