| 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 2018 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 30.06.2018 | As at 30.06.2017 | |
| 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 | 228987 419 | 184932 408 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | ||||
| Shareholders fund | 78485 759 | 96229 536 | ||
| Policyholders fund | 221078 207 | 223497 554 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 532937 385 | 508959 498 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS- Shareholders | NL-12-Investment Schedule | 201919 611 | 206621 245 | |
| INVESTMENTS- Policyholders | NL-12-Investment Schedule | 552006 839 | 479887 413 | |
| LOANS | NL-13-Loans Schedule | 2601 608 | 2974 702 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1708 730 | 1618 679 | |
| DEFERRED TAX ASSET | 140 817 | 132 538 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 125120 734 | 134118 886 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 333980 603 | 232886 419 | |
| Sub-Total (A) | 459101 337 | 367005 305 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 526111 137 | 374007 714 | |
| PROVISIONS | NL-18-Provisions Schedule | 158430 420 | 175272 670 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 684541 557 | 549280 384 | ||
| NET CURRENT ASSETS (C) = (A - B) | -225440 220 | -182275 079 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 532937 385 | 508959 498 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 30.06.2018 | As at 30.06.2017 | ||
| (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 | 20395642 | 15792446 | |
| 5 | Statutory demands/ liabilities in dispute, not provided for | 17262332 | 17251162 | |
| 6 | Reinsurance obligations to the extent not provided for in accounts | |||
| 7 | Others (to be specified) | |||
| TOTAL | 37668 974 | 33054 608 | ||