| 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 December 2017 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 31.12.2017 | As at 31.12.2016 | |
| SOURCES OF FUNDS | ||||
| SHARE CAPITAL | NL-8-Share Capital Schedule | 4386 000 | 4300 000 | |
| SHARE APPLICATION MONEY PENDING ALLOTMENT | ||||
| RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 210124 138 | 156435 480 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | ||||
| Shareholders fund | 96813 006 | 87432 039 | ||
| Policyholders fund | 241339 304 | 174262 180 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 552662 448 | 422429 699 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS- Shareholders | NL-12-Investment Schedule | 214885 382 | 199551 156 | |
| INVESTMENTS- Policyholders | NL-12-Investment Schedule | 520843 150 | 397728 569 | |
| LOANS | NL-13-Loans Schedule | 2838 630 | 3386 886 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1724 158 | 1638 623 | |
| DEFERRED TAX ASSET | 127 114 | 24 315 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 129575 813 | 98864 402 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 243856 141 | 167361 587 | |
| Sub-Total (A) | 373431 954 | 266225 989 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 434331266 | 295237 374 | |
| PROVISIONS | NL-18-Provisions Schedule | 126856674 | 150888 465 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 561187 940 | 446125 839 | ||
| NET CURRENT ASSETS (C) = (A - B) | -187755 986 | -179899 850 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 552662 448 | 422429 699 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 31.12.2017 | As at 31.12.2016 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | |||
| 2 | Claims, other than against policies, not acknowledged as debts by the company | 11000 | ||
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 1849154.208 | 10607018 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 1725116.219 | 17027139 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 3574 270 | 27645 157 | ||