FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE 1ST QUARTER ENDED 30.06.2018 ( ` IN 000)
  PARTICULARS SCHEDULE For the  Three Months  ending 30.06.2018 Up to  the  Three  Months  ending 30.06.2018 For the corresponding Three months  of the preceeding year  Up to the corresponding  three months  of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance -533 857 -533 857 1091 616 1091 616
  (b)  Marine Insurance 803 064 803 064 2241 460 2241 460
  (c )  Miscellaneous Insurance 7116 803           71,16,803 -2053 044 -2053 044
  (d)  Life Insurance -153 520 -153 520 260 852             2,60,852
           
2 INCOME FROM INVESTMENTS    
  (a)  Interest, Dividend & Rent – Gross 2126 695 2126 695 2457 450 2457 450
  (b)  Profit on sale of investments 784 442 784 442 1042 945 1042 945
        Less: Loss on sale of investments  0    0  
       
3 OTHER INCOME (To be specified)    
  Foreign gain/(loss) 735 797 735 797  0  0
  Profit on sale of Assets (Net)  7  7  2  2
  Sundry Balances Written Back (Net)  0  0  0  0
  Interest on Income-tax Refund  0  0  0  0
  (Provision)/doubtful debts& Investment 83 000 83 000  0  0
  Motor Pool Service Charges  0  0  0  0
  Miscellaneous Receipts 8 201 8 201 1 087 1 087
  TOTAL (A)   10970 632 10970 632 5042 368 5042 368
4 Provision for Doubtful Loans & Investment     0  0 721 946 721 946
5 Provision /(written off) for Doubtful  Debts   577 361 577 361 246 818 246 818
6 Amortisation of premium on Investments   79 447 79 447 51 748 51 748
7 Diminution in the value of investments written off    0  0  0  0
8 OTHER EXPENSES          
  Expenses relating to Investments   2 026 2 026 1 838 1 838
  Foreox loss/(gain)    0  0 90 396 90 396
  (profit)/Loss on sale of Assets (Net)    0  0  0  0
  Interest & others   7 119 7 119  4  4
  Corporate Social Responsibility   7 234 7 234 15 123 15 123
  IPO expenses    0  0  792  792
  TOTAL (B)   673 187 673 187 1128 665 1128 665
  Profit Before Tax                                    10297 445 10297 445 3913 703 3913 703
  Provision for Taxation :                              0  
  Current Tax 2580 000 2580 000             7,60,000 760 000
  MAT Credit   0  0             (749 114) -749 114
  Deferred Tax 3 210 3 210                 1,746 1 746
MAT Credit of earlier year  0                        0  0
  Profit after Tax   7714 235 7714 235 3901 071 3901 071
  Balance brought forward from last year   32336 730 32336 730 31277 556 31277 556
  Profit available for appropriation   40050 965 40050 965 35178 627 35178 627
  APPROPRIATIONS                              0  
  (a)                 Interim dividends paid during the year    0  0                        0  0
  (b)                 Proposed final dividend    0  0                        0  0
  (c)                 Dividend distribution tax    0  0                        0  0
  (d)                 Transfer to General Reserve    0  0                        0  0
  (e)          Balance carried forward to Balance Sheet   40050 965 40050 965 35178 627 35178 627
      40050 965 40050 965 35178 627 35178 627
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a)                  Premium income received from business concluded in and outside India shall be separately disclosed.
(b)                 Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)                 Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)                 Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e)                 Fees and expenses connected with claims shall be included in claims.
(f)                  Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)                 Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)                 Income from rent shall include only the realised rent. It shall not include any notional rent.