| FORM NL-3-B-BS | ||||
|---|---|---|---|---|
| Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No.112 | ||||
| Date ofRegistration with the IRDAI : 2nd April, 2001 | ||||
| BALANCE SHEETAS AT 31 March 2017 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 31.03.2017 | As at 31.03.2016 | |
| 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 | 180157 699 | 154018 207 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | 300363 137 | 234507 331 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 484820 836 | 392825 538 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 647449 211 | 544359 624 | |
| LOANS | NL-13-Loans Schedule | 3221 250 | 3657 759 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1636 162 | 1702 666 | |
| DEFERRED TAX ASSET | 134 296 | 24 268 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 121907 652 | 97614 005 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 175137 651 | 149967 476 | |
| Sub-Total (A) | 297045 303 | 247581 481 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 332578 242 | 300175 919 | |
| PROVISIONS | NL-18-Provisions Schedule | 132087 144 | 104324 341 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 464665 386 | 404500 260 | ||
| NET CURRENT ASSETS (C) = (A - B) | (167620 083) | (156918 779) | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 484820 836 | 392825 538 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 31.03.2017 | As at 31.03.2016 | ||
| (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 | 15864 369 | 10607 018 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 17298 899 | 17027 139 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 33174 268 | 27645 157 | ||