| 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 March 2018 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 31.03.2018 | As at 31.03.2017 | |
| 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 | 220359 393 | 180157 699 | |
| Deferred Tax Liability |
0 |
0 |
||
| FAIR VALUE CHANGE ACCOUNT | ||||
| Shareholders fund | 86379 186 | 100355 698 | ||
| Policyholders fund | 211963 492 | 200007 439 | ||
| BORROWINGS | NL-11-Borrowings Schedule |
0 |
0 |
|
| TOTAL | 523088 071 | 484820 836 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS- Shareholders | NL-12-Investment Schedule | 212461 676 | 218201 355 | |
| INVESTMENTS- Policyholders | NL-12-Investment Schedule | 506754 010 | 429247 856 | |
| LOANS | NL-13-Loans Schedule | 2820 852 | 3221 250 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1711 824 | 1636 162 | |
| DEFERRED TAX ASSET | 144 024 | 134 296 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 141716 159 | 121907 652 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 236661 264 | 175137 651 | |
| Sub-Total (A) | 378377 423 | 297045 303 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 449901 603 | 332578 242 | |
| PROVISIONS | NL-18-Provisions Schedule | 129280 135 | 132087 144 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 579181 738 | 464665 386 | ||
| NET CURRENT ASSETS (C) = (A - B) | -200804 315 | -167620 083 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 523088 071 | 484820 836 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 31.03.2018 | As at 31.03.2017 | ||
| (Rs.’000) | (Rs.’000) | |||
| 1 | Partly paid-up investments | |||
| 2 | Claims, other than against policies, not acknowledged as debts by the company | 11000 | 11000 | |
| 3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
| 4 | Guarantees given by or on behalf of the Company | 19501805 | 15864369 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 17262332 | 17298899 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 36775 137 | 33174 268 | ||