| 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 30th September 2017 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 30.09.2017 | As at 30.09.2016 | |
| 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 | 188440 961 | 161455 349 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | ||||
| Shareholders fund | 82347 807 | 94201 992 | ||
| Policyholders fund | 227114 076 | 187743 190 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 502202 844 | 447700 531 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS- Shareholders | NL-12-Investment Schedule | 183535 436 | 202518 473 | |
| INVESTMENTS- Policyholders | NL-12-Investment Schedule | 498366 128 | 403616 354 | |
| LOANS | NL-13-Loans Schedule | 2849 074 | 3410 347 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1603 491 | 1658 666 | |
| DEFERRED TAX ASSET | 133 774 | 24 304 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 132626 050 | 92815 270 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 251231 528 | 152109 169 | |
| Sub-Total (A) | 383857 578 | 244924 439 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 426689 551 | 275878 609 | |
| PROVISIONS | NL-18-Provisions Schedule | 141453 086 | 132573 444 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 568142 637 | 408452 053 | ||
| NET CURRENT ASSETS (C) = (A - B) | -184285 059 | -163527 613 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 502202 844 | 447700 531 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 30.09.2017 | As at 30.09.2016 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | |||
| 2 | Claims, other than against policies, not acknowledged as debts by the company | 11 | 11 000 | |
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 15545 484 | 10607 018 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 16556 800 | 17027 139 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 32102 295 | 27645 157 | ||