| FORM NL-2-B-PL | ||||
|---|---|---|---|---|
| Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No.--112 | ||||
| Date of--Registration with the IRDA : 2nd April, 2001 | ||||
| PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31.03.2011 | ||||
| - | PARTICULARS | Schedule | FOR THE PERIOD 31.03.2011 |
FOR THE PREVIOUS PERIOD 31.03.2010 |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) |
| 1 | OPERATING PROFIT/(LOSS) | - | - | - |
| - | (a)-----------------Fire Insurance | - | 2469 445 | 3277 068 |
| - | (b)-----------------Marine Insurance | - | 1753 333 | 2631 188 |
| - | (c )---------Miscellaneous Insurance | - | -1936 959 | -824 557 |
| - | (d) Life Insurance | - | 40 146 | 48 499 |
| 2 | INCOME FROM INVESTMENTS | - | - | - |
| - | (a) Interest, Dividend & Rent – Gross | - | 5963 945 | 5120 083 |
| - | (b) Profit on sale of investments | - | 2836 902 | 3092 662 |
| - | ------Less: Loss on sale of investments | - | - | - |
| 3 | OTHER INCOME (To be specified) | - | - | - |
| - | Profit on Exchange | - | 266 297 | 0 |
| - | Profit on sale of Assets (Net) | - | 237 | 106 |
| - | Interest on Income-tax Refund | - | 1194 290 | 1856 404 |
| - | Motor Pool Service Charges | - | 238 147 | 331 922 |
| - | Miscellaneous Receipts | - | 20 046 | 12 308 |
| - | TOTAL (A) | - | 12845 829 | 15545 683 |
| 4 | Provision for Doubtful Loans, Investment & Debts | - | 364 256 | -143 775 |
| 5. | Amortisation of premium on Investments | - | 227 330 | 254 403 |
| 6. | Diminution in the value of investments written off | - | 319 238 | 130 284 |
| 7. | OTHER EXPENSES | - | - | - |
| - | Expenses relating to Investments | - | 18 319 | 14 519 |
| - | Loss on Exchange | - | 0 | 2383 543 |
| - | Loss on sale of Assets (Net) | - | 0 | 0 |
| - | Sundry Balances Written off (Net) | - | 1 298 | 0 |
| - | Loss on Distribution of LPA Assets | - | 0 | 0 |
| - | Interest on Service Tax | - | 21 902 | 4 688 |
| - | TOTAL (B) | - | 952 343 | 2643 662 |
| - | Profit Before Tax | - | 11893 486 | 12902 021 |
| - | Provision for Taxation : | - | - | - |
| - | Current Tax | - | 2755 000 | 1701 194 |
| - | Wealth Tax | - | 1 916 | 1 559 |
| - | Mat Tax | - | 0 | 0 |
| - | Deferred Tax | - | -32 877 | -772 626 |
| - | Fringe Benefit Tax | - | 0 | -5 032 |
| - | Provision for Tax in respect of earlier years | - | -1164 647 | -5769 139 |
| - | Profit after Tax | - | 10334 094 | 17746 065 |
| - | Balance brought forward from last year | - | 610 | 71 |
| - | Profit available for appropriation | - | 10334 704 | 17746 136 |
| - | APPROPRIATIONS | - | - | - |
| - | (a)-----------------Interim dividends paid during the year | - | 0 | 0 |
| - | (b)-----------------Proposed final dividend | - | 2064 000 | 3526 000 |
| - | (c)-----------------Dividend distribution tax | - | 342 805 | 585 625 |
| - | (d)-----------------Transfer to General Reserve | - | 7927 300 | 13633 901 |
| - | (e) Balance carried forward to Balance Sheet | - | 599 | 610 |
| - | - | - | 10334 704 | 17746 136 |
| EPS Rs 240/- (PY Rs 413/-) | - | - | - | |