FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
                               
Registration No.  112
Date of  Registration with the IRDA : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31.03.2011
  PARTICULARS Schedule FOR THE QUARTER FOR THE PERIOD 31.03.2011 FOR THE QUARTER OF THE PRECEDING YEAR FOR THE PREVIOUS PERIOD 31.03.2010
      ( Rs IN 000) ( Rs IN 000) ( Rs IN 000) ( Rs IN 000)
1 OPERATING PROFIT/(LOSS)          
  (a)                 Fire Insurance   -853 779 2469 445 637 379 3277 068
  (b)                 Marine Insurance   2038 925 1753 333 2185 305 2631 188
  (c )         Miscellaneous Insurance   -5909 456 -1936 959 -2859 836 -824 557
  (d)         Life Insurance   -24 417 40 146 45 952 48 499
             
2 INCOME FROM INVESTMENTS          
  (a) Interest, Dividend & Rent – Gross   1317 698 5963 945 1074 849 5120 083
  (b) Profit on sale of investments   789 577 2836 902 1131 677 3092 662
        Less: Loss on sale of investments          
             
3 OTHER INCOME (To be specified)        0  
  Profit on Exchange   75 075 266 297  0  0
  Profit on sale of Assets (Net)   - 11  237 - 6  106
  Interest on Income-tax Refund   735 632 1194 290 1823 401 1856 404
  Motor Pool Service Charges   84 547 238 147 28 297 331 922
  Miscellaneous Receipts   5 751 20 046 5 651 12 308
  TOTAL (A)   -1740 458 12845 829 4072 669 15545 683
             
4 Provision for Doubtful Loans, Investment & Debts   220 280 364 256 -154 973 -143 775
5. Amortisation of premium on Investments   54 718 227 330 59 494 254 403
6. Diminution in the value of investments written off   314 245 319 238 117 458 130 284
             
             
7. OTHER EXPENSES          
  Expenses relating to Investments   7 691 18 319 6 561 14 519
  Loss on Exchange    0  0 1361 619 2383 543
  Loss on sale of Assets (Net)    0  0  0  0
  Sundry Balances Written off (Net)   1 298 1 298  0  0
  Loss on Distribution of LPA Assets    0  0  0  0
  Interest on Service Tax    0 21 902  0 4 688
  TOTAL (B)   598 232 952 343 1390 159 2643 662
  Profit Before Tax                                    -2338 690 11893 486 2682 510 12902 021
  Provision for Taxation :          
  Current Tax   -891 114 2755 000 555 082 1701 194
  Wealth Tax   1 916 1 916 1 304 1 559
  Mat Tax    0  0  0  0
  Deferred Tax   -32 877 -32 877 -772 626 -772 626
  Fringe Benefit Tax    0  0 -7 919 -5 032
  Provision for Tax in respect of earlier years   -1185 801 -1164 647 -5676 165 -5769 139
  Profit after Tax   -230 814 10334 094 8582 834 17746 065
  Balance brought forward from last year    0  610  0  71
  Profit available for appropriation   -230 814 10334 704 8582 834 17746 136
  APPROPRIATIONS          
  (a)                 Interim dividends paid during the year    0  0  0  0
  (b)                 Proposed final dividend   2064 000 2064 000 3526 000 3526 000
  (c)                 Dividend distribution tax   342 805 342 805 585 625 585 625
  (d)                 Transfer to General Reserve   7927 300 7927 300 4470 901 13633 901
  (e)          Balance carried forward to Balance Sheet   -10564 919  599  308  610
      -230 814 10334 704 8582 834 17746 136