| 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 30 September 2016 |
( . IN 000) |
| Sl. No. |
PARTICULARS |
SCHEDULE |
As at 30.09.2016 |
As at 30.09.2015 |
| |
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 |
161455 349 |
145343 494 |
| |
Deferred Tax Liability |
|
0 |
0 |
| |
FAIR VALUE CHANGE ACCOUNT |
|
281945 182 |
254875 210 |
| |
BORROWINGS |
NL-11-Borrowings Schedule |
0 |
0 |
| |
TOTAL |
|
447700 531 |
404518 704 |
| |
APPLICATION OF FUNDS |
|
|
|
| |
INVESTMENTS |
NL-12-Investment Schedule |
606134 827 |
547094 393 |
| |
LOANS |
NL-13-Loans Schedule |
3410 347 |
3683 897 |
| |
FIXED ASSETS |
NL-14-Fixed Assets Schedule |
1658 666 |
1348 497 |
| |
DEFERRED TAX ASSET |
|
24 304 |
174 677 |
| |
CURRENT ASSETS |
|
|
|
| |
Cash and Bank Balances |
NL-15-Cash and bank balance Schedule |
92815 270 |
82442 953 |
| |
Advances and Other Assets |
NL-16-Advancxes and Other Assets Schedule |
152109 169 |
93317 675 |
| |
Sub-Total (A) |
|
244924 439 |
175760 628 |
| |
CURRENT LIABILITIES |
NL-17-Current Liabilities Schedule |
275878 609 |
238184 238 |
| |
PROVISIONS |
NL-18-Provisions Schedule |
132573 444 |
85359 150 |
| |
DEFERRED TAX LIABILITY |
|
|
|
| |
Sub-Total (B) |
|
408452 053 |
323543 388 |
| |
NET CURRENT ASSETS (C) = (A - B) |
|
-163527 613 |
-147782 760 |
| |
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) |
NL-19-Miscellaneous Expenditure Schedule |
|
|
| |
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT |
|
|
|
| |
TOTAL |
|
447700 531 |
404518 704 |
| CONTINGENT LIABILITIES |
| Sl. No. |
Particulars |
|
As at 30.06.2016 |
As at 30.06.2015 |
| |
|
|
(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 |