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 31 DECEMBER 2020 | ( ₹ in 000) | |||
PARTICULARS | SCHEDULE | 31.12.2020 | 31.12.2019 | |
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 | 219372 698 | 197111 194 | |
Deferred Tax Liability | 0 | 0 | ||
FAIR VALUE CHANGE ACCOUNT | ||||
Shareholders fund | 52009 347 | 56543 326 | ||
Policyholders fund | 195472 255 | 213772 062 | ||
BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
TOTAL | 475626 300 | 476198 582 | ||
APPLICATION OF FUNDS | ||||
INVESTMENTS- Shareholders | NL-12-Investment Schedule | 186382 264 | 170296 284 | |
INVESTMENTS- Policyholders | NL-12-Investment Schedule | 667696 271 | 613055 249 | |
LOANS | NL-13-Loans Schedule | 2145 542 | 2368 440 | |
FIXED ASSETS | NL-14-Fixed Assets Schedule | 1724 427 | 1841 250 | |
DEFERRED TAX ASSET | 61 890 | 21 570 | ||
CURRENT ASSETS | ||||
Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 175818 595 | 143699 309 | |
Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 305481 395 | 353815 528 | |
Sub-Total (A) | 481299 990 | 497514 837 | ||
CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 670639 427 | 641180 123 | |
PROVISIONS | NL-18-Provisions Schedule | 193044 657 | 167718 926 | |
DEFERRED TAX LIABILITY | ||||
Sub-Total (B) | 863684 084 | 808899 049 | ||
NET CURRENT ASSETS (C) = (A - B) | -382384 094 | -311384 211 | ||
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
TOTAL | 475626 300 | 476198 582 | ||
CONTINGENT LIABILITIES | ||||
Particulars | 31.12.2020 | 31.12.2019 | ||
(` IN 000) | (` IN 000) | |||
1 | Partly paid-up investments | |||
2 | Claims, other than against policies, not acknowledged as debts by the company | 6186.114 | 6200 | |
3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
4 | Guarantees given by or on behalf of the Company | 43225510.49419 | 31273245.94777 | |
5 | Statutory demands/ liabilities in dispute, not provided for | 123402003.766268 | 96506891.8864766 | |
6 | Reinsurance obligations to the extent not provided for in accounts | |||
7 | Others (to be specified) | 418911 | 126864 | |
TOTAL | 167052 611 | 127913 202 | ||