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 HALF YEAR ENDED 31.03.2014			.	.	.	( Rs IN 000)
.	PARTICULARS	SCHEDULE	FOR THE QUARTER	TWELVE MONTH ENDING 31.03.2014	FOR THE QUARTER OF THE PRECEDING YEAR	TWELVE MONTH ENDING 31.03.2013
1	OPERATING PROFIT/(LOSS)
	(a)  Fire Insurance		-145 442	239 165	5956 686	3816 233
	(b)  Marine Insurance		962 822	5102 498	2899 456	5958 037
	(c )  Miscellaneous Insurance		8967 607	11403 423	865 940	8550 157
	(d) Life Insurance		132 639	70 868	-76 513	22 852
2	INCOME FROM INVESTMENTS
	(a) Interest, Dividend & Rent – Gross		1540 980	6260 620	1156 620	4492 459
	(b) Profit on sale of investments		1232 799	2868 141	1369 705	2400 613
	Less: Loss on sale of investments
3	OTHER INCOME (To be specified)
	Profit on Exchange		-154 201	935 657	-1756 302	274 019
	Interest on Income-tax Refund		- 1	54 695	298 386	307 530
	Motor Pool Service Charges		0	32 360	-10 867	0
	Miscellaneous Receipts		693	3 167	798	7 856
	TOTAL (A)		12537 896	26970 594	10703 909	25829 756
4	Provision for Doubtful Loans, Investment & Debts		-193 624	1248 847	50 283	95 680
5.	Amortisation of premium on Investments		47 875	200 695	49 026	188 507
6.	Diminution in the value of investments written off		1101 671	1111 486	30 832	32 281
7.	OTHER EXPENSES		0		0
	Expenses relating to Investments		2 272	6 574	2 491	9 915
	Loss on sale of Assets (Net)		187	232	39	85
	Interest on Service Tax		317 587	1368 396	1681 570	1681 570
	TOTAL (B)		1275 968	3936 230	1814 241	2008 038
	Profit Before Tax		11261 928	23034 364	8889 668	23821 718
	Provision for Taxation :
	Current Tax		1958 830	4130 000	1833138	4060 000
	Wealth Tax		4 498	4 183	2000	2 028
	Mat Tax		-1839 757	-3634 844	-1439872	-3666 672
	Deferred Tax		3 280	3 280	-19939	-19 855
	Profit after Tax		11135 077	22531 745	8514 341	23446 217
	Balance brought forward from last year		0	-9060 889	0	-24678 928
	Profit available for appropriation		11135 077	13470 856	8514 341	-1232 711
	APPROPRIATIONS
	(a)                 Interim dividends paid during the year			1182 500	0	0
	(b)                 Proposed final dividend		0	3311 000	4687000	4687 000
	(c)                 Dividend distribution tax		562 704	763 670	796556	796 556
	(d)                 Transfer to General Reserve		8212 790	8212 790	2344622	2344 622
	(e) Balance carried forward to Balance Sheet		-951 415	896	686163	-9060 889
			7824 079	13470 856	8514 341	-1232 711
Notes:..to Form NL-1-B-RA and NL-2-B- PL		.	.	.	.	.
(a)..................Premium income received from business concluded in and outside India shall be separately disclosed.				.	.	.
(b).................Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c).................Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.						.
(d).................Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.						.
(e).................Fees and expenses connected with claims shall be included in claims.			.	.	.	.
(f)..................Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other..items.				.	.	.
(g).................Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h).................Income from rent shall include only the realised rent. It shall not include any notional rent.			.	.	.	.