| 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 31st March, 2014 | ( ' IN 000) | |||
| PARTICULARS | SCHEDULE | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| SOURCES OF FUNDS | ||||
| SHARE CAPITAL | NL-8-Share Capital Schedule | 4300000 | 4300000 | |
| SHARE APPLICATION MONEY PENDING ALLOTMENT | ||||
| RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 114520773 | 92315993 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | 205000288 | 175760409 | ||
| BORROWINGS | NL-11-Borrowings Schedule | |||
| TOTAL | 323821061 | 272376402 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 456558321 | 399761002 | |
| LOANS | NL-13-Loans Schedule | 4240508 | 4629109 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1143103 | 547656 | |
| DEFERRED TAX ASSET | 67075 | 70355 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 82639203 | 82342788 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 125270373 | 112047951 | |
| Sub-Total (A) | 207909576 | 194390739 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 264833406 | 242153961 | |
| PROVISIONS | NL-18-Provisions Schedule | 81264116 | 84868498 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 346097522 | 327022459 | ||
| NET CURRENT ASSETS (C) = (A - B) | -138187946 | -132631720 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 323821061 | 272376402 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | ||
| (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 | 9161472 | 6595916 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 21199250 | 19519294 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 30360722 | 26115210 | ||