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 2016

Amounts 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 Capital and reserves attributable to Members
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 capital securities	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