FORM NL-23 - SOLVENCY MARGIN (FORM IRDAI-GI-TA) | ||||
STATEMENT OF ADMISSIBLE ASSETS : | ||||
As at 31.03.2022 | ||||
Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||
Registration Number: 112 | ||||
Date of Registration: 02-04-2001 | ||||
Classification: Business Total Business | ||||
(All amounts in Rupees of Lakhs) | ||||
Item No. | Particulars | Policyholders A/c. | Shareholders A/c. | Total |
Investments: | ||||
Shareholders as per NL-12 of BS | 2,395,018.75 | 2,395,018.75 | ||
Policyholders as per NL-12 A of BS | 7,715,532.41 | - | 7,715,532.41 | |
(A) | Total Investments as per BS | 7,715,532.41 | 2,395,018.75 | 10,110,551.16 |
(B) | Inadmissible Investment assets as per Clause (1) of Schedule I of regulation | - | - | - |
(C) | Fixed assets as per BS | 13,117.74 | 3,918.76 | 17,036.50 |
(D) | Inadmissible Fixed assets as per Clause (1) of Schedule I of regulation | 996.09 | 297.57 | 1,293.66 |
Current Assets: | - | |||
(E) | Cash & Bank Balances as per BS | 1,623,355.07 | 484,957.20 | 2,108,312.27 |
(F) | Advances and Other assets as per BS | 2,097,574.48 | 132,655.60 | 2,230,230.08 |
(G) | Total Current Assets as per BS...(E)+(F) | 3,720,929.55 | 617,612.80 | 4,338,542.35 |
(H) | Inadmissible current assets as per Clause (1) of Schedule I of regulation | 77,227.36 | 39,480.86 | 116,708.22 |
(I) | Loans as per BS | 14,581.68 | 4,356.10 | 18,937.78 |
(J) | Fair value change account subject to minimum of zero | 2,403,719.49 | 718,081.40 | 3,121,800.89 |
(K) | Total Assets as per BS (excl. current liabilities and provisions)…(A)+(C)+(G)+(I) | 11,464,161.38 | 3,020,906.41 | 14,485,067.79 |
(L) | Total Inadmissible assets…(B)+(D)+(H)+(J) | 2,481,942.95 | 757,859.83 | 3,239,802.77 |
(M) | Total Admissible assets for Solvency (excl. current liabilities and provisions)…(K)-(L) | 8,982,218.44 | 2,263,046.58 | 11,245,265.02 |
(All amounts in Rupees of Lakhs) | ||||
Item No. | Inadmissible Investment assets (Item wise Details) | Policyholders A/c. | Shareholders A/c. | Total |
Inadmissible Investment assets as per Clause (1) of Schedule I of regulation | ||||
Inadmissible Fixed assets | ||||
(a) Furniture & Fittings | 66.01 | 19.72 | 85.72 | |
(b) I.T. Equipments | 38.66 | 11.55 | 50.21 | |
(c ) I.T. Software | 872.16 | 260.55 | 1,132.71 | |
(d) Canteen Appliances | 0.28 | 0.08 | 0.37 | |
(.e ) Electrical Installation | 18.98 | 5.67 | 24.65 | |
1,293.66 | ||||
Inadmissible current assets | ||||
(a) Service Tax Unutilised Credit | - | - | - | |
(b) GST Asset | 5,942 | - | 5,941.82 | |
(c ) Fixed deposit with bank [Statutory] Dubai | 1,669 | 498 | 2,167.16 | |
(d) Fixed deposit with bank [Statutory] Malaysia | - | - | - | |
(e) BNP Paribas-USD -Brazil | 2,746 | 820 | 3,566.00 | |
(f) BNP Paribas USD Foreign currency revaluation | 173 | 52 | 224.06 | |
(g) Due from Inadmissible assets | 66,420 | - | 66,419.53 | |
(h) Advance tax paid towards Contingent Liability | - | 38,001 | 38,001.24 | |
(i) Advances to Directors/Officers | - | 26 | 25.96 | |
(j) Others | 279 | 83 | 362.46 | |
77,227.36 | 39,480.86 | 116,708.22 | ||
…………………. | 118,001.88 | |||
Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time. | ||||