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FORM NL-3-B-BS |
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Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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Registration No. 112 |
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Date of Registration with the IRDAI : 2nd April, 2001 |
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BALANCE SHEET AS AT 31 December 2019 |
( ` IN 000) |
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PARTICULARS |
SCHEDULE |
As at 31.12.2019 |
As at 31.12.2018 |
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SOURCES OF FUNDS |
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SHARE CAPITAL |
NL-8-Share Capital Schedule |
8772 000 |
8772 000 |
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SHARE APPLICATION MONEY PENDING ALLOTMENT |
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RESERVES AND SURPLUS |
NL-10-Reserves and Surplus Schedule |
197111 194 |
218448 321 |
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Deferred Tax Liability |
0 |
0 |
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FAIR VALUE CHANGE ACCOUNT |
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Shareholders fund |
56543 326 |
78747 087 |
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Policyholders fund |
213772 062 |
220899 363 |
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BORROWINGS |
NL-11-Borrowings Schedule |
0 |
0 |
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TOTAL |
476198 582 |
526866 771 |
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APPLICATION OF FUNDS |
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INVESTMENTS- Shareholders |
NL-12-Investment Schedule |
170296 284 |
209340 396 |
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INVESTMENTS- Policyholders |
NL-12-Investment Schedule |
613055 249 |
570546 495 |
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LOANS |
NL-13-Loans Schedule |
2368 440 |
2598 089 |
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FIXED ASSETS |
NL-14-Fixed Assets Schedule |
1841 251 |
1860 919 |
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DEFERRED TAX ASSET |
21 570 |
127 197 |
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CURRENT ASSETS |
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Cash and Bank Balances |
NL-15-Cash and bank balance Schedule |
143699 309 |
120856 406 |
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Advances and Other Assets |
NL-16-Advancxes and Other Assets Schedule |
353815 528 |
288343 134 |
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Sub-Total (A) |
497514 837 |
409199 540 |
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CURRENT LIABILITIES |
NL-17-Current Liabilities Schedule |
641180 123 |
526565 559 |
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PROVISIONS |
NL-18-Provisions Schedule |
167718 926 |
140240 306 |
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DEFERRED TAX LIABILITY |
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Sub-Total (B) |
808899 049 |
666805 865 |
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NET CURRENT ASSETS (C) = (A - B) |
-311384 212 |
-257606 325 |
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MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) |
NL-19-Miscellaneous Expenditure Schedule |
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DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT |
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TOTAL |
476198 582 |
526866 771 |
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CONTINGENT LIABILITIES |
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Particulars |
As at 31.12.2019 |
As at 31.12.2018 |
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(Rs.’000) |
(Rs.’000) |
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1 |
Partly paid-up investments |
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2 |
Claims, other than against policies, not acknowledged as debts by the company |
6200 |
11000 |
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3 |
Underwriting commitments outstanding (in respect of shares and securities) |
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4 |
Guarantees given by or on behalf of the Company |
31273245.94777 |
22304980.0873482 |
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5 |
Statutory demands/ liabilities in dispute, not provided for |
96506891.8864766 |
17432822.2828063 |
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6 |
Reinsurance obligations to the extent not provided for in accounts |
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7 |
Others (to be specified) |
126864 |
0 |
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TOTAL |
127913 202 |
39748 802 |
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