LLM4040 - Corporate members: accounts: the non-technical account
The profit or loss from the technical account is carried to
the non-technical account - this is the figure of £4,135,000
shown at the foot of the technical account in
LLM4030.
The non-technical account also includes any other income
received and expenses incurred by the member directly, rather than
via syndicates. Investment income that does not arise from
syndicate membership will appear in the non-technical account. This
might include, for example, interest from sums held on deposit by
the company.
| 2006 | 2005 | |
| £'000 | £'000 | |
| Balance on the technical account | 4,135 | 2,925 |
| Investment income | 430 | 251 |
| Expenses | (101) | (77) |
| Profit on ordinary activities before tax | 4,464 | 3,099 |
| Tax on profit on ordinary activities | (1,384) | (961) |
| Profit on ordinary activities after tax | 3,080 | 2,138 |
| Dividend payable | (2,500) | (2,000) |
| Retained profit | 580 | 138 |
