| 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 31.12.2011 | ||||||
| - | PARTICULARS | SCHEDULE | FOR THE QUARTER | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) | ( Rs IN 000) |
| 1 | OPERATING PROFIT/(LOSS) | - | - | - | - | - |
| - | (a)Fire Insurance | - | -11741 462 | -14929 318 | 12 800 | 3323 224 |
| - | (b)Marine Insurance | - | -1815 763 | -1390 495 | -609 726 | -285 592 |
| - | (c )---------Miscellaneous Insurance | - | -9987 089 | -1926 951 | 1190 868 | 3972 497 |
| - | (d) Life Insurance | - | 96 689 | 202 038 | 9 435 | 64 563 |
| - | - | - | - | - | - | - |
| 2 | INCOME FROM INVESTMENTS | - | - | - | - | - |
| - | (a) Interest, Dividend & Rent – Gross | - | 1523 104 | 5339 234 | 1312 490 | 4646 247 |
| - | (b) Profit on sale of investments | - | 283 227 | 902 153 | 481 208 | 2047 325 |
| - | ------Less: Loss on sale of investments | - | - | - | - | - |
| - | - | - | - | - | - | - |
| 3 | OTHER INCOME (To be specified) | - | - | - | 0 | - |
| - | Profit on Exchange | - | 2355 685 | 4624 623 | 73 482 | 191 222 |
| - | Profit on sale of Assets (Net) | - | - 18 | 963 | 83 | 248 |
| - | Interest on Income-tax Refund | - | 44 162 | 79 129 | 0 | 458 658 |
| - | Motor Pool Service Charges | - | 214 831 | 311 293 | 51 509 | 153 600 |
| - | Miscellaneous Receipts | - | 2 488 | 5 295 | 9 932 | 14 295 |
| - | TOTAL (A) | - | -19024 146 | -6782 036 | 2532 081 | 14586 287 |
| - | - | - | - | - | - | - |
| 4 | Provision for Doubtful Loans, Investment & Debts | - | 185 561 | 353 709 | 107 706 | 143 976 |
| 5. | Amortisation of premium on Investments | - | 49 746 | 153 788 | 58 270 | 172 612 |
| 6. | Diminution in the value of investments written off | - | 14 215 | 51 554 | -7 980 | 4 993 |
| 7. | OTHER EXPENSES | - | - | - | - | - |
| - | Expenses relating to Investments | - | 4 057 | 11 327 | 4 770 | 10 628 |
| - | Loss on Exchange | - | 0 | 0 | 0 | 0 |
| - | Loss on sale of Assets (Net) | - | 0 | 0 | 0 | 0 |
| - | Sundry Balances Written off (Net) | - | 3 | 3 | 0 | 0 |
| - | Loss on Distribution of LPA Assets | - | 0 | 0 | 0 | 0 |
| - | Interest on Service Tax | - | 0 | 0 | 21 902 | 21 902 |
| - | TOTAL (B) | - | 253 582 | 570 381 | 184 668 | 354 111 |
| - | Profit Before Tax---------------- | - | -19277 728 | -7352 417 | 2347 413 | 14232 176 |
| - | Provision for Taxation : | - | - | - | - | - |
| - | Current Tax | - | -2786 000 | 6 | 689 714 | 3646 114 |
| - | Wealth Tax | - | 0 | 463 | 0 | 0 |
| - | Mat Tax | - | 0 | 0 | 0 | 0 |
| - | Deferred Tax | - | 4 307 | -13 661 | 0 | 0 |
| - | Fringe Benefit Tax | - | 0 | 0 | 0 | 0 |
| - | Provision for Tax in respect of earlier years | - | 0 | 0 | 0 | 21 154 |
| - | Profit after Tax | - | -16496 035 | -7339 225 | 1657 699 | 10564 908 |
| - | Balance brought forward from last year | - | 0 | 599 | 0 | 610 |
| - | Profit available for appropriation | - | -16496 035 | -7338 626 | 1657 699 | 10565 518 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | (a)Interim dividends paid during the year | - | 0 | 0 | 0 | 0 |
| - | (b)Proposed final dividend | - | 0 | 0 | 0 | 0 |
| - | (c)Dividend distribution tax | - | -7 972 | -7 972 | 0 | 0 |
| - | (d)Transfer to General Reserve | - | 0 | 0 | 0 | 0 |
| - | (e) Balance carried forward to Balance Sheet | - | -16488 063 | -7330 654 | 1657 699 | 10565 518 |
| - | - | - | -16496 035 | -7338 626 | 1657 699 | 10565 518 |