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P & L - Consolidated Financial Statement 2015-16

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April, 2001
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2016
  Particulars Schedule Current Year Previous Year
      (` '000) (` '000)
1. Operating Profit/-Loss      
  (a) Fire Insurance   7490 694 13348 667
  (b) Marine Insurance   4582 460 (880649)
  (c) Miscellaneous Insurance   3800 651 3414 484
  (d) Life Insurance   702 801 387 547
2. Income from Investments      
  (a) Interest, Dividend & Rent - Gross   8317 204 7053 309
  (b) Profit on sale of Investments   5087 417 5244 693
  Less: Loss of sale of Investment   0 0
3. Other Income:      
  Forex Gain/( Loss)   777 981 (275 688)
  Profit on sale of Assets (Net)   0 0.00
  Sundry Balances Written Back (Net)   0 0
  Interest on Income-tax Refund   0 2327 674
  (Provision) / Doubtful Debts written back   1573 298 (1075 122)
  Miscellaneous Receipts   23 340 20 777
  Total (A)   32355 846 29565 692
4. Provision for Doubtful Loans & Investment   420 091 32 008
5 (Provision) for Doubtful Debts written back   0.00 0
6 Amortisation of premium on Investments   185 605 181 025
7 Diminution in the value of investments written off   1359 916 588 077
8 Other Expenses :      
  Expenses relating to Investments   13 752 10 281
  Loss on Exchange     0 0
  (Profit)/Loss on sale of Assets (Net)   223 ( 167)
  Sundry Balances Written off (Net)   0 0
  Interest Motor Pool & Others   7 519 318 005
  Corporate Social Responsibility Expenses   490 936 179 481
  Total (B)   2478 042 1308 710
  Profit Before Tax   29877 804 28256 982
  Provision for Taxation :      
  Current Tax   5123 792 5070 799
  Wealth Tax   0 11 359
  MAT Credit   -1884 959 -3653 300
  Deferred Tax   150 425 -107 630
  Provision for Tax in respect of earlier years   -101 341 14 713
  MAT Credit of earlier year   -2205 632 0
  Profit After Tax   28795 519 26921 041
  Share of Profit in Asoociates Companies   1373 349 899 846
  Profit for the year   30168 868 27820 887
  Appropriations      
  (a) Balance brought forward from last year   10493 923 9900 761
  (b) Interim dividend   0 0
  (c) Proposed Final dividend   8600 000 5632 354
  (d) Dividend distribution tax   1750 788 1099 332
  (e) Transfer to General Reserve   18133 000 20496 038
  Balance carried forward to Balance Sheet   12179 002 10493 923
  Basic and Diluted EPS   6.62 6.26