FORM NL-12 - INVESTMENT SCHEDULE | |||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
Investments | |||||
INVESTMENTS - SHAREHOLDERS' FUND | |||||
(Rs. '000) | |||||
Particulars | 30.06.2020 | 30.06.2019 | |||
LONG TERM INVESTMENTS | |||||
1 | Government securities and Government guaranteed | 49699 932 | 52984 408 | ||
bonds including Treasury Bills | |||||
2 | Other Approved Securities | 318 372 | 457 180 | ||
3 | Other Investments | ||||
(a) Shares | 0 | 0 | |||
(aa) Equity - Indian | 48045 955 | 94461 246 | |||
Equity - Foreign | 569 499 | 569 499 | |||
(bb) Preference | 0 | 211 | |||
(b) Mutual Funds | 0 | 0 | |||
(c) Derivative Instruments | 0 | 0 | |||
(d) Debentures /Bonds Indian | 2770 519 | 4818 451 | |||
Debentures /Bonds Foreign | 0 | 0 | |||
(e) Other Securities | 0 | ||||
Guaranteed Equity | 98 | 122 | |||
(f) Subsidiaries | 6712 429 | 6042 195 | |||
(e) Associates - Indian | 0 | 0 | |||
Associates - Foreign | 159 479 | 159 479 | |||
4 | Investments in Infrastructure and Social Sector | ||||
(a) Equity | 1380 924 | 2448 188 | |||
(b) Debentures/Bonds | 14342 098 | 16293 642 | |||
5 | Other than Approved Investments | 0 | 0 | ||
(a) Equity/Preference/Debentures/Venture Funds | 9997 899 | 1518 946 | |||
(b) Preference | 99 | 4 486 | |||
(c) Debentures /Bond | 3094 624 | 3372 998 | |||
(d) Venture Funds | 262 793 | 354 480 | |||
(e) Associate Indian | 700 000 | 700 000 | |||
Short Term Investments | |||||
1 | Government securities and Government guaranteed | 1716 683 | 4034 923 | ||
bonds including Treasury Bills | 0 | 0 | |||
2 | Other Approved Securities | 44 782 | 139 035 | ||
3 | Other Investments | ||||
(a) Shares | 0 | 0 | |||
(aa) Equity | 0 | 0 | |||
(bb) Preference | 0 | 0 | |||
(b) Mutual Funds | 4372 163 | 5135 697 | |||
(c) Derivative Instruments | 0 | 0 | |||
(d) Debentures /Bond Indian | 614 893 | 1260 997 | |||
Debentures /Bond Foreign | 0 | 0 | |||
(e) Other Securities | 0 | 0 | |||
Commercial Paper | 0 | 0 | |||
(f) Subsidiaries | 0 | 0 | |||
(g) Associates - Indian | 0 | 0 | |||
Associates - Foreign | 0 | 0 | |||
4 | Investments in Infrastructure and Social Sector | 0 | 0 | ||
(a) Debentures /Bond | 2672 722 | 4585 428 | |||
5 | Other than Approved Investments | 0 | 0 | ||
(a) Preference Shares | 38 | 6 494 | |||
(b) Debentures /Bond | 1346 945 | 1385 675 | |||
(c) Mutual Funds | 0 | 0 | |||
TOTAL | 148822 946 | 200733 780 | |||
Figures for the previous year have been regrouped where necessary. | |||||
INVESTMENTS - POLICYHOLDERS' FUND | |||||
Particulars | 30.06.2020 | 30.06.2019 | |||
LONG TERM INVESTMENTS | |||||
LONG TERM INVESTMENTS | |||||
1 | Government securities and Government guaranteed | 203338 650 | 163455 166 | ||
bonds including Treasury Bills | 0 | 0 | |||
2 | Other Approved Securities | 1302 564 | 1410 386 | ||
3 | Other Investments | 0 | 0 | ||
(a) Shares | 0 | 0 | |||
(aa) Equity - Indian | 196571 690 | 291409 858 | |||
Equity - Foreign | 0 | 0 | |||
(bb) Preference | 0 | 652 | |||
(b) Mutual Funds | 0 | 0 | |||
(c) Derivative Instruments | 0 | 0 | |||
(d) Debentures /Bonds Indian | 11335 099 | 14864 762 | |||
Debentures /Bonds Foreign | 0 | 0 | |||
(e) Other Securities | |||||
Guaranteed Equity | 402 | 378 | |||
(f) Subsidiaries | 0 | 0 | |||
(e) Associates - Indian | 0 | 0 | |||
Associates - Foreign | 0 | 0 | |||
4 | Investments in Infrastructure and Social Sector | ||||
(a) Equity | 5649 811 | 7552 579 | |||
(b) Debentures/Bonds | 58678 206 | 50265 354 | |||
5 | Other than Approved Investments | 0 | 0 | ||
(a) Equity/Preference/Debentures/Venture Funds | 40904 670 | 4685 899 | |||
(b) Preference | 405 | 13 486 | |||
(c) Debentures /Bond | 12661 118 | 10405 589 | |||
(d) Venture Funds | 1075 170 | 1093 561 | |||
(e) Associate Indian | 0 | 0 | |||
Short Term Investments | |||||
1 | Government securities and Government guaranteed | 7023 511 | 12447 609 | ||
bonds including Treasury Bills | 0 | 0 | |||
2 | Other Approved Securities | 183 218 | 428 917 | ||
3 | Other Investments | ||||
(a) Shares | 0 | 0 | |||
(aa) Equity | 0 | 0 | |||
(bb) Preference | 0 | 0 | |||
(b) Mutual Funds | 17887 947 | 15843 458 | |||
(c) Derivative Instruments | 0 | 0 | |||
(d) Debentures /Bond Indian | 2515 727 | 3890 134 | |||
Debentures /Bond Foreign | 0 | 0 | |||
(e) Other Securities | 0 | 0 | |||
Commercial Paper | 0 | 0 | |||
(f) Subsidiaries | 0 | 0 | |||
(g) Associates - Indian | 0 | 0 | |||
Associates - Foreign | 0 | 0 | |||
4 | Investments in Infrastructure and Social Sector | 0 | 0 | ||
(a) Debentures /Bond | 10934 976 | 14145 896 | |||
5 | Other than Approved Investments | 0 | 0 | ||
(a) Preference Shares | 156 | 20 034 | |||
(b) Debentures /Bond | 5510 792 | 4274 761 | |||
(c) Mutual Funds | 0 | 0 | |||
TOTAL | 575574 112 | 596208 479 | |||
Figures for the previous year have been regrouped where necessary. | |||||
Notes: | |||||
(a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost. | |||||
(i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956: | |||||
(ii) Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control. | |||||
(i) Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain benefits from it. | |||||
(ii) Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company. | |||||
(iii) Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but not control of those policies. Significant influence may be exercised in several ways, for example, by representation on the board of directors, participation in the policymaking process, material inter-company transactions, interchange of managerial personnel or dependence on technical information. Significant influence may be gained by share ownership, statute or agreement. As regards share ownership, if an investor holds, directly or indirectly through subsidiaries, 20 percent or more of the voting power of the investee, it is presumed that the investor does have significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if the investor holds, directly or indirectly through subsidiaries, less than 20 percent of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence is clearly demonstrated. | |||||
A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence. | |||||
(b) Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof shall be disclosed. | |||||
(c) Investments made out of Catastrophe reserve should be shown separately. | |||||
(d) Debt securities will be considered as “held to maturity” securities and will be measured at historical cost subject to amortisation. | |||||
(e) Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or for both, rather than for use in services or for administrative purposes. | |||||
(f) Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within twelve months from balance sheet date shall be classified as short-term investments | |||||