| FORM NL-3-B-BS | ||||
|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No. 112 | ||||
| Date of Registration with the IRDA : 2nd April, 2001 | ||||
| BALANCE SHEET AS AT 30th June, 2013 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | THREE MONTH ENDING 30.06.2013 | THREE MONTH ENDING 30.06.2012 | |
| SOURCES OF FUNDS | ||||
| SHARE CAPITAL | NL-8-Share Capital Schedule | 4300 000 | 4300 000 | |
| SHARE APPLICATION MONEY PENDING ALLOTMENT | ||||
| RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 98911 185 | 77790 884 | |
| Deferred Tax Liability | 0 | 4 959 | ||
| FAIR VALUE CHANGE ACCOUNT | 179918 831 | 174697 198 | ||
| BORROWINGS | NL-11-Borrowings Schedule | |||
| TOTAL | 283130 016 | 256793 041 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 415061 854 | 385361 293 | |
| LOANS | NL-13-Loans Schedule | 4355 700 | 4704 978 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 538 620 | 492 739 | |
| DEFERRED TAX ASSET | 70 344 | 0 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 83876 644 | 66946 487 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 113432 028 | 98821 172 | |
| Sub-Total (A) | 197308 672 | 165767 659 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 247538 617 | 221777 098 | |
| PROVISIONS | NL-18-Provisions Schedule | 86666 555 | 77756 530 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 334205 172 | 299533 628 | ||
| NET CURRENT ASSETS (C) = (A - B) | -136896 500 | -133765 968 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 283130 018 | 256793 042 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | THREE MONTH ENDING 30.06.2013 | THREE MONTH ENDING 30.06.2012 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | |||
| 2 | Claims, other than against policies, not acknowledged as debts by the company | |||
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 6595 916 | 5811 173 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 19519 294 | 4604 563 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | 869 734 | ||
| 7 | Others (to be specified) | |||
| TOTAL | 26115 210 | 11285 470 | ||