FORM NL-3-B-BS | |||
Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA | |||
Registration No. 112 and Date of Registration with the IRDAi 02.04.2001 | |||
BALANCE SHEET AS AT 31.03.2022 | |||
(Amount in Rs. Lakhs) | |||
Particulars | Schedule Ref. Form No. | As At 31.03.2022 | As At 31.03.2021 |
SOURCES OF FUNDS | |||
SHARE CAPITAL | NL-8 | 87,720.00 | 87,720.00 |
SHARE APPLICATION MONEY PENDING ALLOTMENT | |||
RESERVES AND SURPLUS | NL-10 | 2,525,525.64 | 2,317,147.62 |
FAIR VALUE CHANGE ACCOUNT | |||
-Shareholders' Funds | 718,081.40 | 615,482.37 | |
-Policyholders' Funds | 2,403,719.49 | 2,103,602.83 | |
BORROWINGS | NL-11 | - | - |
TOTAL | 5,735,046.53 | 5,123,952.82 | |
APPLICATION OF FUNDS | |||
INVESTMENTS-Shareholders | NL-12 | 2,395,018.75 | 2,129,532.03 |
INVESTMENTS-Policyholders | NL-12A | 7,715,532.41 | 6,980,027.13 |
LOANS | NL-13 | 18,937.78 | 21,246.12 |
FIXED ASSETS | NL-14 | 17,036.50 | 16,927.84 |
DEFERRED TAX ASSET (Net) | 3,669.21 | 1,833.29 | |
CURRENT ASSETS | |||
Cash and Bank Balances | NL-15 | 2,108,312.27 | 1,829,409.27 |
Advances and Other Assets | NL-16 | 2,230,230.08 | 2,487,146.59 |
Sub-Total (A) | 4,338,542.35 | 4,316,555.86 | |
DEFERRED TAX LIABILITY (Net) | - | - | |
CURRENT LIABILITIES | NL-17 | 6,753,070.68 | 6,307,448.74 |
PROVISIONS | NL-18 | 2,000,619.80 | 2,034,720.70 |
Sub-Total (B) | 8,753,690.47 | 8,342,169.44 | |
NET CURRENT ASSETS (C) = (A - B) | -4,415,148.12 | -4,025,613.58 | |
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19 | - | - |
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | |||
TOTAL | 5,735,046.53 | 5,123,952.82 | |
CONTINGENT LIABILITIES | |||
Particulars | As At 31.03.2022 | As At 31.03.2021 | |
1. Partly paid-up investments | |||
2. Claims, other than against policies, not acknowledged as debts by the company | |||
3. Underwriting commitments outstanding (in respect of shares and securities) | |||
4. Guarantees given by or on behalf of the Company | 759,600.27 | 518,235.30 | |
5.Statutory demands/ liabilities in dispute, not provided for | 1,681,375.34 | 1,179,338.86 | |
6. Reinsurance obligations to the extent not provided for in accounts | |||
7 .Others (a)OSD (b).HR+ LEGAL | 144.21 | 4,094.24 | |
TOTAL | 2,441,119.82 | 1,701,668.40 | |