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 SEPTEMBER 2020 | (` '000) | |||
PARTICULARS | SCHEDULE | 30.09.2020 | 30.09.2019 | |
SOURCES OF FUNDS | ||||
SHARE CAPITAL | NL-8-Share Capital Schedule | 8772 000 | 8772 000 | |
SHARE APPLICATION MONEY PENDING ALLOTMENT | ||||
RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 207637 280 | 204950 599 | |
Deferred Tax Liability | 0 | 0 | ||
FAIR VALUE CHANGE ACCOUNT | ||||
Shareholders fund | 39988 757 | 59646 401 | ||
Policyholders fund | 155061 971 | 208783 463 | ||
BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
TOTAL | 411460 008 | 482152 463 | ||
APPLICATION OF FUNDS | ||||
INVESTMENTS- Shareholders | NL-12-Investment Schedule | 164455 194 | 177266 003 | |
INVESTMENTS- Policyholders | NL-12-Investment Schedule | 605090 266 | 594341 864 | |
LOANS | NL-13-Loans Schedule | 2156 114 | 2378 937 | |
FIXED ASSETS | NL-14-Fixed Assets Schedule | 1755 103 | 1869 430 | |
DEFERRED TAX ASSET | 992 291 | 27 786 | ||
CURRENT ASSETS | ||||
Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 169237 296 | 134002 064 | |
Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 317992 620 | 350918 957 | |
Sub-Total (A) | 487229 916 | 484921 021 | ||
CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 671387 191 | 633078 599 | |
PROVISIONS | NL-18-Provisions Schedule | 178831 685 | 145573 979 | |
DEFERRED TAX LIABILITY | ||||
Sub-Total (B) | 850218 876 | 778652 578 | ||
NET CURRENT ASSETS (C) = (A - B) | -362988 960 | -293731 557 | ||
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
TOTAL | 411460 008 | 482152 463 | ||
CONTINGENT LIABILITIES | ||||
Particulars | 30.09.2020 | 30.09.2019 | ||
(Rs.’000) | (Rs.’000) | |||
1 | Partly paid-up investments | |||
2 | Claims, other than against policies, not acknowledged as debts by the company | 6186.114 | 11000 | |
3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
4 | Guarantees given by or on behalf of the Company | 37773274.81656 | 28493125.89316 | |
5 | Statutory demands/ liabilities in dispute, not provided for | 115778249.730834 | 68726659.464 | |
6 | Reinsurance obligations to the extent not provided for in accounts | |||
7 | Others (to be specified) | 406722.53206 | 126864 | |
TOTAL | 153964 433 | 97357 649 | ||