| FORM NL-3-B-BS | ||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No. 112 | ||||
| Date of Registration with the IRDAI : 2nd April, 2001 | ||||
| BALANCE SHEET AS AT 31 MARCH 2016 | ( ` '000) | |||
| PARTICULARS | SCHEDULE | As at 31 March 2016 | As at 31 March 2015 | |
|---|---|---|---|---|
| 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 | 154018 207 | 133636 500 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | 234507 331 | 281468 452 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 392825 538 | 419404 952 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 544359 624 | 557250 626 | |
| LOANS | NL-13-Loans Schedule | 3657 759 | 3938 449 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1702 666 | 1376 270 | |
| DEFERRED TAX ASSET | 24 268 | 174 705 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 97614 005 | 77280 874 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 149967 476 | 141951 874 | |
| Sub-Total (A) | 247581 481 | 219232 748 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 300175 919 | 273015 608 | |
| PROVISIONS | NL-18-Provisions Schedule | 104324 341 | 89552 239 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 404500 260 | 362567 847 | ||
| NET CURRENT ASSETS (C) = (A - B) | -156918 779 | -143335 098 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 392825 538 | 419404 952 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 31 March 2016 | As at 31 March 2015 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | |||
| 2 | Claims, other than against policies, not acknowledged as debts by the company | 11 000 | 11 000 | |
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 10607 018 | 8352 709 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 17027 139 | 22496 974 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 27645 157 | 30860 683 | ||