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Business Scale
Profitability
Stability
Capital Adequacy
Balance Sheet
Profit & Loss Account
20th (current) period as at March 31th 2007
19th (precious) period as at March 31th 2006
Company Name: Mirae Asset Life Insurance Co., Ltd.
Summary
(unit : Won,)
Accounts 20th period (current period) 19th period (previous period)
Amount Amount
Assets
I. Cash and Dues from Financial Institutions
37,960,632,317 26,374,672,767
1. Cash and Dues from Financial Institutions
37,960,632,317 26,323,208,344
A. Cash
5,806,421,560 6,353,613,950
B. Current Deposits
1,851,950,403 649,503,574
C. Deposits on Demand
17,002,260,354 16,188,421,127
D. Time Deposits
800,000,000 -
E. Other Due from Financial Institutions
12,500,000,000 3,131,669,693
2. Trust Accounts
- 37,713,758
II. Trading Securities
605,544,263,194 599,916,432,448
1. Government Bonds
39,485,478,915 39,796,165,737
2. Special Purpose Bonds
293,903,410,102 152,240,165,614
3. Corporate Bonds
9,829,383,091 -
4. Beneficiary Interest in Investment Funds
262,325,991,086 351,117,452,368
III. Available for Sale Securities
1,167,780,224,309 711,496,061,418
1. Shares
47,913,673,586 41,380,240,550
2. Capital Stock
271,238,461,350 254,760,457,876
3. Government Bonds
271,238,461,350 254,760,457,876
4. Special Purpose Bonds
228,964,068,261 150,868,856,568
5. Corporate Bonds
174,097,037,528 146,055,939,694
6. Beneficiary Interest in Investment Funds
301,512,841,204 -
7. Foreign Marketable Securities
91,488,742,515 97,115,169,489
8. Other Marketable Securities
52,565,399,865 21,315,397,241
IV. Securities Owned to Maturity
901,710,418,602 657,672,406,963
1. Government Bonds
268,232,692,601 132,520,254,670
2. Special Purpose Bonds
279,331,077,112 211,926,438,286
3. Corporate Bonds
148,020,648,889 108,494,214,007
4. Foreign Marketable Securities
126,314,500,000 132,008,500,000
5. New Marketable Securities
79,811,500,000 72,723,000,000
V. Equity Method Investment
1,213,503,003,274 1,455,115,405,132
1. Shares
(-)15,149,485,991 (-)29,780,588,056
VI. Loans
1,213,503,003,274 1,455,115,405,132
(Provision for Bad Debts)
(-)15,149,485,991 (-)29,780,588,056
1. Policy Loans
493,622,232,695 447,546,655,483
2. Loans Secured by Securities
2,500,000,000 -
3. Loans Secured by Real-estate
516,456,594,386 638,607,631,861
4. Unsecured Loans
80,796,302,571 107,465,546,690
5. Loans on Acceptances and Guarantees
20,138,006,385 25,988,004,897
6. Other Loans
115,139,353,228 196,388,154,257
VII. Fixed Assets
138,529,753,425 137,402,408,031
1. Investment Assets
1,405,404,949 1,427,041,630
(가치하락손실충당금)
(-)15,149,485,991 (-)29,780,588,056
A. Land
453,390,842 453,390,842
B. Buildings
1,081,834,208 1,081,834,208
(Accumulated Depreciation)
(-)129,820,101 952,014,107 (-)108,183,420 973,650,788
2. Tangible Assets
119,074,167,843 113,810,070,032
(가치하락손실충당금)
(-)15,149,485,991 (-)29,780,588,056
A. Land
21,596,599,500 21,596,599,500
B. Buildings
86,954,538,867 86,954,538,867
(Accumulated Depreciation)
(-)9,990,859,630 76,963,679,237 (-)8,251,768,849 78,702,770,018
C. Structures
164,842,550 164,842,550
(Accumulated Depreciation)
(-)33,187,011 131,655,539 (-)26,593,309 138,249,241
D. Vehicles and Transportation Equipment
1,209,183,660 295,694,000
(Accumulated Depreciation)
(-)330,111,205 879,072,455 (-)234,301,398 61,392,602
E. Office Equipment
49,550,440,577 37,482,401,499
(Accumulated Depreciation)
(-)30,928,129,465 18,622,311,112 (-)25,052,192,828 12,430,208,671
F. Other Tangible Assets
880,850,000 880,850,000
G. Building Account
880,850,000 880,850,000
3. Intangible Assets
18,050,180,633 22,165,296,369
A. Software
1,739,370,515 1,139,738,473
B. Other Intangible Assets
16,310,810,118 21,025,557,896
VIII. Other Assets
1,503,490,093,961 1,171,836,659,366
1. Insurance Receivables
38,093,821,240 37,269,639,906
(Provision for Bad Debts)
(-)30,431,463 38,063,389,777 - 37,269,639,906
2. Non-trade Receivables
4,427,292,664 3,303,679,902
(Provision for Bad Debts)
(-)1,025,828,667 3,401,463,997 (-)1,129,955,984 2,173,723,918
3. Accrued Revenues
44,569,611,154 44,860,034,639
(Provision for Bad Debts)
(-)258,372,830 44,311,238,324 (-)311,968,805 44,548,065,834
4. Prepayments
1,355,289,824 1,117,688,424
5. Advance Expenses
1,355,289,824 1,117,688,424
6. Income Tax Refund Receivable
- 9,759,715,670
7. Deposits Received
817,239,742 168,013,600
8. Acquisition Costs of New or Renewal Insurance Contracts
429,790,089,143 408,993,085,124
9. Subsidiary Special Account
1,763,575,404 1,721,477,444
10. Derivative Assets
43,047,127,191 55,815,918,765
11. Subsidiary Asset Account
891,267,194,938 572,619,059,272
Total Assets
5,568,518,389,082 4,759,814,046,125
Liabilities
I. Insurance Reserve
4,152,924,076,417 3,744,631,128,116
Reserve Adjustment Account for Reinsurance Ceded
(-)3,117,075,950 (-)2,915,502,565
1. Premium Reserve
3,993,595,200,516 3,587,387,891,542
2. Unearned Premium Reserve
2,071,553,033 2,388,737,026
3. Reserve for Outstanding Claims
140,551,025,954 136,522,960,791
4. Reserve for Participating Policyholders' Dividends
19,823,334,619 21,247,003,077
A. Reserve for Interest Rate Difference Guarantee
7,580,955,436 8,057,861,316
B. Dividend Reserves for Differences Due to Risk
9,390,798,922 10,122,841,152
C. Dividend Reserves for Difference in Interest
2,833,491,834 3,046,359,905
D. Special Reserve for Long-term Maintenance
18,088,427 19,940,704
5. Unallocated Divisible Surplus to Future Policyholders
38,245 38,245
6. Participating Insurance Indemnification Reserve
38,245 38,245
II. Policy Reserve Adjustment
- 10,897,464,786
1. Gain on Valuation of Available-for-sale Securities
- 10,897,464,786
2. 지분법자동변동
- 10,897,464,786
III. Other Liabilities
1,114,045,279,459 894,551,530,704
1. Insurance Claims Payable
37,954,520,313 31,502,444,393
2. Accounts Payable
2,766,955,943 192,053,400
3. Accrued Expense
37,807,964,708 30,292,813,745
4. Income Taxes Payable
10,424,208,281 -
5. Borrowings
45,000,000,000 160,000,000,000
6. Unearned Revenue
539,089650 1,106,235,240
7. Deposits
5,744203805 4,871,050,255
8.