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 JUNE 2021 | ( ₹ in 000) | |||
PARTICULARS | SCHEDULE | 30.06.2021 | 30.06.2020 | |
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 | 225317 415 | 204940 391 | |
Deferred Tax Liability | 0 | 0 | ||
FAIR VALUE CHANGE ACCOUNT | ||||
Shareholders fund | 60526 374 | 38018 678 | ||
Policyholders fund | 233357 480 | 155546 824 | ||
BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
TOTAL | 527973 269 | 407277 893 | ||
APPLICATION OF FUNDS | ||||
INVESTMENTS- Shareholders | NL-12-Investment Schedule | 195945 410 | 148822 946 | |
INVESTMENTS- Policyholders | NL-12-Investment Schedule | 755461 193 | 575574 112 | |
LOANS | NL-13-Loans Schedule | 1941 280 | 2155 353 | |
FIXED ASSETS | NL-14-Fixed Assets Schedule | 1662 738 | 1774 198 | |
DEFERRED TAX ASSET | 4135 695 | 2779 641 | ||
CURRENT ASSETS | ||||
Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 186732 565 | 191519 181 | |
Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 278662 512 | 370287 653 | |
Sub-Total (A) | 465395 077 | 561806 834 | ||
CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 678925 640 | 700796 715 | |
PROVISIONS | NL-18-Provisions Schedule | 217642 484 | 184838 476 | |
DEFERRED TAX LIABILITY | ||||
Sub-Total (B) | 896568 124 | 885635 191 | ||
NET CURRENT ASSETS (C) = (A - B) | -431173 047 | -323828 357 | ||
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
TOTAL | 527973 269 | 407277 893 | ||
CONTINGENT LIABILITIES | ||||
Particulars | 30.06.2021 | 30.06.2020 | ||
(Rs.’000) | (Rs.’000) | |||
1 | Partly paid-up investments | |||
2 | Claims, other than against policies, not acknowledged as debts by the company | 6186.114 | 6186.114 | |
3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
4 | Guarantees given by or on behalf of the Company | 54650441.76721 | 35234789.61284 | |
5 | Statutory demands/ liabilities in dispute, not provided for | 11,97,02,716.09 | 11,51,03,436.25 | |
6 | Reinsurance obligations to the extent not provided for in accounts | |||
7 | Others (to be specified) | 0 | 1,085.60 | |
TOTAL | 174359 344 | 150345 498 | ||