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 PERIOD ENDED 30.06.2019 ( ` IN 000)
  PARTICULARS SCHEDULE For the  Three Months  ending 30.06.2019 Up to  the  Three  Months  ending 30.06.2019 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 4251 768 4251 768 -533 856 -533 856
  (b)  Marine Insurance 391 939 391 939 803 065 803 065
  (c )  Miscellaneous Insurance -2326 495           (2326 495) 7116 804 7116 804
  (d)  Life Insurance -274 333 -274 333 -153 520             (153 520)
           
2 INCOME FROM INVESTMENTS    
  (a)  Interest, Dividend & Rent – Gross 2320 172 2320 172 2124 669 2124 669
  (b)  Profit on sale of investments 1112 287 1112 287 784 442 784 442
        Less: Loss on sale of investments  0    0  
       
3 OTHER INCOME (To be specified)    
  Foreign gain/(loss) 72 342 72 342 735 796 735 796
  Profit on sale of Assets (Net)  31  31  7  7
  Sundry Balances Written Back (Net)  0  0  0  0
  Interest on Income-tax Refund  0  0  0  0
  (Provision)/doubtful debts written back        
  Motor Pool Service Charges  0  0 83 000 83 000
  Miscellaneous Receipts 2 748 2 748 8 200 8 200
  TOTAL (A)   5550 459 5550 459 10968 607 10968 607
4 Provision for Doubtful Loans & Investment    3431 443 3431 443  0  0
5 Provision /(written off) for Doubtful  Debts   598 145 598 145 577 361 577 361
6 Amortisation of premium on Investments   73 986 73 986 79 447 79 447
7 Diminution in the value of investments written off    0  0  0  0
8 OTHER EXPENSES    0    0  
  Expenses relating to Investments    0  0  0  0
  Forex loss/(gain)    0  0  0  0
  (Profit)/Loss on sale of Assets (Net)    0  0  0  0
  Interest & others    10  10 7 120 7 120
  Corporate Social Responsibility   57 842 57 842 7 234 7 234
  IPO expenses    0  0  0  0
  TOTAL (B)   4161 426 4161 426 671 162 671 162
  Profit Before Tax                                    1389 033 1389 033 10297 445 10297 445
  Provision for Taxation :                              0  
  Current Tax 307 269 307 269 2580 000 2580 000
  Wealth Tax  0  0                        0  0
  MAT Credit  -4 749 -4 749                        0  0
  Deferred Tax  561  561 3 210 3 210
MAT Credit of earlier year  0  0                        0  0
  Profit after Tax   1085 952 1085 952 7714 235 7714 235
  Balance brought forward from last year   40303 305 40303 305 32336 730 32336 730
  Profit available for appropriation   41389 257 41389 257 40050 966 40050 966
  APPROPRIATIONS        
  (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   41389 257 41389 257         40,050,966 40050 966
      41389 257 41389 257 40050 966 40050 966
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.