The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited


Consolidated balance sheet at 20th February 2011 Amounts in $000


Note Assets Investments


Cash and cash equivalents Amounts due from Members


Reinsurer’s share of outstanding claims Accrued interest Sundry debtors


Liabilities Gross outstanding claims Creditors Provisions


Capital and reserves Reserves


Statutory reserve Perpetual subordinated capital securities 13 12 11


1,171,415 44,189 79,296


296,269 5,077


13,459 1,609,705


13 14 15


16 16 17


1,105,013 25,901 936


1,131,850


378,753 240


98,862 477,855 1,609,705 The notes form an integral part of these financial statements.


1,036,364 30,067


138,935 333,300 4,366


19,111 1,562,143


1,131,010 20,857 931


1,152,798


310,700 240


98,405 409,345 1,562,143


2011


2010


Directors


Mr C.I. Caroussis Mr E. André


Mr R N Readman Thomas Miller (Bermuda) Ltd Managers


9th May 2011


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53