On 31 December each year, the caisse centrale de réassurance shall draw up an inventory of the fund for the adjustment of certain annuities awarded as compensation for loss caused by a motorised land vehicle and shall prepare a balance sheet and a general operating and loss and profit account in the following form.
1° Balance sheet.
Assets :
Fixed assets in France ;
Buildings ;
Fixed assets under construction ;
Other fixed assets in France :
Transferable securities accepted to represent commitments ;
Loans and similar securities used to cover commitments.
Short-term realisable and disposable assets :
Government debtors ;
Sundry debtors ;
Cheques and coupons to be cashed ;
Banks, post office cheques, cash.
Other detailed assets.
Results – Deficit for the year.
Total assets.
Liabilities :
Surpluses from previous years.
Long- and medium-term debt.
Technical provisions :
Provisions for surcharges payable.
Short-term liabilities :
Government debt ;
Sundry creditors ;
Advances.
Other detailed liabilities.
Results – Surplus for the year.
Total.
2° General operating and profit and loss account.
Debit side :
Expenses for benefits paid
Add: provisions for annuity increases at the end of the financial year;
Less: provisions for annuity increases at the beginning of the financial year.
Administrative expenses :
Expenses incurred by the central reinsurance fund ;
Cost of calculating the additional contribution.
Investment expenses :
Securities and property expenses ;
Other expenses ;
Depreciation of investments ;
Provisions for capital losses on investments at year-end ;
Losses on disposal of assets ;
Total net surplus (credit balance).
Total assets.
Credit :
Additional contribution.
Investment income :
Financial income from securities and real estate ;
Other financial income.
Provisions for capital losses on investments at the beginning of the financial year.
Capital gains on disposal of assets.
Other gains.
Total net shortfall (debit balance).
Total balance.
