Financial statement
NOTE 18. CHANGES IN INSURANCE RESERVES
(In thousands of togrogs) Out of:
2013.12.31
2012.12.31
Net changes in reserve funds
42,662
574,728
RBNS
151,020
URR
339,287 532,969
IBNR
Total
Additionally created
Decreased
Claims paid
-532,066
-
363,823
168,242
78,122
72,898
200,086
-
127,188
-
339,287
339,287
-
-
652,850
-119,881
539,373
363,823
295,430
NOTE 19. NON-PREMIUM INCOME (In thousands of togrogs)
Short term investment income Reinsurance commission income Other income Total non-premium income
2013
2012
836,006
777,393
77,915
7,561
243,665
52,070
1,157,586
837,024
Interest income for bank savings account is booked in the investment income. Subrogation income is booked in the other income account.
Salaries and bonuses Social insurance contributions Maintenance Utilities Rental
(In thousands of togrogs) 2013
2012
800,151
524,642
88,477
61,605
3,532
4,234
6,414
6,192
198,970
187,881
Business trips /training/
15,527
14,777
Transport
22,894
17,704
Raw materials
17,649
22,636
Depreciation
63,893
46,284
247,964
233,513
Advertisement Post, communication
30,801
22,871
Fuel
33,684
21,280
767
1,063
Fees for services performed by others
101,329
214,348
Insurance intermediary fee
258,578
45,425
36,398
42,937
1,927,027
1,467,393
Loan interest expense
Other expense Total general and administrative expenses
47
NOTE 20. GENERAL AND ADMINISTRATIVE EXPENSES