General Insurance Corporation of India

Balance Sheet 2019-20

Balance Sheet as at 31 March 2020
  Particulars Schedule   Current Year Previous Year
        (` '000) (` '000)
SOURCES OF FUNDS          
  Share Capital 5   8,772,000 8,772,000
  Reserves and Surplus 6   210,457,631 224,838,561
  Borrowings 7   0 0
  Deferred Tax Liability     0 0
  Fair Value Change Account        
  Shareholders Fund     32,756,864 84,079,838
  Policyholders Fund     116,207,292 220,226,487
  Total     368,193,787 537,916,886
APPLICATION OF FUNDS          
  Investments- Shareholders 8  
157,037,787
225,377,444
  Investments- Policyholders 8a  
528,220,442
570,751,970
  Loans 9  
23,47,397
25,79,189
  Fixed Asssets 10  
18,08,060
19,66,904
  Deferred Tax Asset    
  207,856
25,562
  Current Assets:        
  Cash and Bank Balances 11
158,537,841
 
128,479,085
  Advances and Other Assets 12
313,802,615
 
259,655,507
  Sub-Total (A)  
472,340,456
 
388,134,592
           
  Current Liabilities 13
619,127,147
 
508,023,836
  Provisions 14
174,641,064
 
142,894,939
  Sub-Total (B)  
793,768,211
 
650,918,775
  Net Current Assets (C)=(A-B)    
(321,427,755)
(262,784,183)
CONTINGENT LIABILITIES Miscellaneous Expenditure 15   0 0
  Total    
368,193,787
537916886
       
147,090,705
57,307,059
Page last updated on: 13/08/2020
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