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P & L - Consolidated Financial Statement 2020-21

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
Particular Schedule Current Year Previous Year
(` '000) (` '000)
1. Operating Profit/-Loss
(a) Fire Insurance
4306 922
(5580 908)
(b) Marine Insurance
(2416 585)
3975 034
(c) Miscellaneous Insurance
12234 382
(6478 184)
(d) Life Insurance
(1249 129)
286 963
2. Income from Investments
(a) Interest, Dividend & Rent - Gross
10563 362
9240 424
(b) Profit on sale of Investments
9430 230
6583 267
Less: Loss of sale of Investment 0 0
3. Other Income:
Forex Gain/( Loss) 0 1503 833
Profit on sale of Assets (Net) 262 0
Sundry Balances Written Back (Net) 0 0
Interest on Income-tax Refund (22 488) 0
(Provision) / Doubtful Debts written back 0 0
Motor Pool Service Charges 0 0
Miscellaneous Receipts
136 781
211 229
Total (A)
32983 737
9741 658
4. Provision for Doubtful Loans & Investment
3490 017
8701 427
5. Provision/(written off) for Doubtful Debts
(3683 288)
1317 127
6 Amortisation of premium on Investments
349 484
315 009
7 Diminution in the value of investments written off
340 251
2256 234
8 Other Expenses :
Expenses relating to Investments
0
0
Forex Loss/(Gain)
1240 768
0
(Profit)/Loss on sale of Assets (Net)
0
3 547
Sundry Balances Written off (Net) 4 0
Interest & Others
9 334
29 835
Corporate Social Responsibility Expensess
544 000
775 198
IPO Expenses
0
0
Total (B)
2290 570
13398 377
Profit/(Loss) Before Tax
30693 167
(3656 719)
Provision for Taxation :
Current Tax
12559 519
110 001
Wealth Tax 0 0
MAT Credit
0
0
Deferred Tax
20 860
(187 274)
Fringe Benefit Tax
0
0
Provision for Tax in respect of earlier years
(137 142)
(796 487)
MAT Credit of earlier year
0
0
Profit/ (Loss) After Tax
18249 930
(2782 959)
Share of Profit in Asoociates Companies
1665 952
9,18,393
Profit for the year
19915 882
(1864 565)
Appropriations
(a) Balance brought forward from last year
46233 273
62374 320
(b) Interim dividend
0
0
(c) Final dividend
0
11842 200
(d) Dividend distribution tax
0
2434 283
(e) Transfer to General Reserve
0
0
Balance carried forward to Balance Sheet
66149 155
46233 273
Basic and Diluted EPS
11.35
(1.06)
 

Ranked 15thLargest Global Reinsurer Group(compiled by A M Best)