| FORM NL-2-B-PL | ||||
|---|---|---|---|---|
| Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA- | ||||
| Registration No.112 | ||||
| Date ofRegistration with the IRDA : 2nd April, 2001 | ||||
| PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31.03.2012 | - | - | ||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2012 | TWELVE MONTH ENDING 31.03.2011 | |
| ( Rs. IN 000) | ( Rs. IN 000) | |||
| 1 | OPERATING PROFIT/(LOSS) | - | - |
- |
| - | (a)-Fire Insurance | - | -24055 370 |
2469 445 |
| - | (b)-Marine Insurance | - | -4700 705 |
1753 333 |
| - | (c )-Miscellaneous Insurance | - | -7014 448 |
-1936 959 |
| - | (d) Life Insurance | - | 229 442 |
40 146 |
| - | - | - | - |
- |
| 2 | INCOME FROM INVESTMENTS | - | - |
- |
| - | (a) Interest, Dividend & Rent – Gross | - | 6937 370 |
5963 945 |
| - | (b) Profit on sale of investments | - | 1443 844 |
2836 902 |
| - | Less: Loss on sale of investments | - | - |
- |
| - | - | - | - |
- |
| 3 | OTHER INCOME (To be specified) | - | - |
- |
| - | Profit on Exchange | - | 3381 161 |
266 297 |
| - | Profit on sale of Assets (Net) | - |
895 |
237 |
| - | Interest on Income-tax Refund | - | 490 633 |
1194 290 |
| - | Motor Pool Service Charges | - | 257 435 |
238 147 |
| - | Miscellaneous Receipts | - | 10 292 |
20 046 |
| - | TOTAL (A) | - | -23019 451 |
12845 829 |
| - | - | - | - |
- |
| 4 | Provision for Doubtful Loans, Investment & Debts | - | 1506 990 |
364 256 |
| 5. | Amortisation of premium on Investments | - | 202 050 |
227 330 |
| 6. | Diminution in the value of investments written off | - | 161 486 |
319 238 |
| - | - | - | - |
- |
| - | - | - | - |
- |
| 7. | OTHER EXPENSES | - | - |
- |
| - | Expenses relating to Investments | - | 16 748 |
18 319 |
| - | Loss on Exchange | - | 0 |
0 |
| - | Loss on sale of Assets (Net) | - | 0 |
0 |
| - | Sundry Balances Written off (Net) | - | 3 |
1 298 |
| - | Loss on Distribution of LPA Assets | - | 0 |
0 |
| - | Interest on Service Tax | - | 0 |
21 902 |
| - | TOTAL (B) | - | 1887 277 |
952 343 |
| - | Profit Before Tax- | - | -24906 728 |
11893 486 |
| - | Provision for Taxation : | - | - |
- |
| - | Current Tax | - | 7 |
2755 000 |
| - | Wealth Tax | - | 2 728 |
1 916 |
| - | Mat Tax | - | 0 |
0 |
| - | Deferred Tax | - | -35 340 |
-32 877 |
| - | Fringe Benefit Tax | - | 0 |
0 |
| - | Provision for Tax in respect of earlier years | - | -186 624 |
-1164 647 |
| - | Profit after Tax | - | -24687 499 |
10334 094 |
| - | Balance brought forward from last year | - | 599 |
610 |
| - | Profit available for appropriation | - | -24686 900 |
10334 704 |
| APPROPRIATIONS | ||||
| - | (a) Interim dividends paid during the year | - | 0 |
0 |
| - | (b) Proposed final dividend | - | 0 |
2064 000 |
| - | (c) Dividend distribution tax | - | -7 972 |
342 805 |
| - | (d) Transfer to General Reserve | - | 0 |
7927 300 |
| - | (e) Balance carried forward to Balance Sheet | - | -24678 928 |
599 |
| - | - | - | -24686 900 |
10334 704 |
| - | - | - | - |
- |