| 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 September, 2014 | ( ` IN 000) | |||
| Sr. No. | PARTICULARS | SCHEDULE | As at 30.09.2014 | As at 30.09.2013 |
| 1 | SOURCES OF FUNDS | |||
| 2 | SHARE CAPITAL | NL-8-Share Capital Schedule | 4300000 | 4300000 |
| 3 | SHARE APPLICATION MONEY PENDING ALLOTMENT | |||
| 4 | RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 131440328 | 108573630 |
| 5 | Deferred Tax Liability | 0 | 0 | |
| 6 | FAIR VALUE CHANGE ACCOUNT | 260689390 | 165332109 | |
| 7 | BORROWINGS | NL-11-Borrowings Schedule | ||
| TOTAL | 396429718 | 278205739 | ||
| 1 | APPLICATION OF FUNDS | |||
| 2 | INVESTMENTS | NL-12-Investment Schedule | 529176295 | 407209645 |
| 3 | LOANS | NL-13-Loans Schedule | 3992108 | 4345142 |
| 4 | FIXED ASSETS | NL-14-Fixed Assets Schedule | 1385973 | 536425 |
| 5 | DEFERRED TAX ASSET | 67623 | 70356 | |
| 6 | CURRENT ASSETS | |||
| 7 | Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 70211275 | 83085924 |
| 8 | Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 129935449 | 115815597 |
| 9 | Sub-Total (A) | 200146724 | 198901521 | |
| 10 | CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 254755121 | 254653822 |
| 11 | PROVISIONS | NL-18-Provisions Schedule | 83583884 | 78203529 |
| 12 | DEFERRED TAX LIABILITY | |||
| 13 | Sub-Total (B) | 338339005 | 332857351 | |
| 14 | NET CURRENT ASSETS (C) = (A - B) | -138192281 | -133955829 | |
| 15 | MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | ||
| 16 | DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | |||
| TOTAL | 396429718 | 278205739 | ||
| CONTINGENT LIABILITIES | ||||
| Sr. No. | Particulars | As at 30.09.2014 | As at 30.09.2013 | |
| (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 | ||