| 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 June, 2017 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 30.06.2017 | As at 30.06.2016 | |
| 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 | 184932 408 | 160506 518 | |
| DEFERRED TAX LIABILITY | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | 319727 090 | 266267 938 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 508959 498 | 431074 456 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 686508 658 | 592182 352 | |
| LOANS | NL-13-Loans Schedule | 2974 702 | 3418 682 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1618 679 | 1681 590 | |
| DEFERRED TAX ASSET | 132 539 | 24 290 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 134118 885 | 93366 905 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 232886 419 | 104602 071 | |
| SUB-TOTAL (A) | 367005 304 | 197968 976 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 374007 714 | 251831 631 | |
| PROVISIONS | NL-18-Provisions Schedule | 175272 670 | 112369 803 | |
| DEFERRED TAX LIABILITY | 0 | 0 | ||
| SUB-TOTAL (B) | 549280 384 | 364201 434 | ||
| NET CURRENT ASSETS (C) = (A - B) | (182,275,080) | (166,232,458) | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | 0 | 0 | |
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 508959 498 | 431074 456 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 30.06.2017 | As at 30.06.2016 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | 0 | 0 | |
| 2 | Claims, other than against policies, not acknowledged as debts by the company | 11 000 | 11000 | |
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 15792 445 | 10607018 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 17251 162 | 17027139 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 33054 607 | 27645 157 | ||