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Consolidated Financial Statement 2016-17

BS - Consolidated Financial Statement 2016-17

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April, 2001
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2017
  Particulars Schedule   Current Year Previous Year
        (` '000) (` '000)
SOURCES OF FUNDS          
  Share Capital 5   4,300,000 4,300,000
  Reserves and Surplus 6   197,526,143 166,275,413
  Borrowings 7   - -
  Deferred Tax Liability     - -
  Fair Value Change Account     300,371,513 234,514,802
  Total     502,197,656 405,090,215
APPLICATION OF FUNDS          
  Investments 8   664,812,580 556,807,227
  Loans 9   3,221,250 3,657,759
  Fixed Assets 10   1,642,173 1,709,509
  Goodwill on Consolidation     273,832 273,832
  Deferred Tax Asset     163,151 51,063
  Current Assets:        
  Cash and Bank Balances 11 122,314,294   97,793,636
  Advances and Other Assets 12 180,712,763   156,181,138
  Sub-Total (A)   303,027,057   253,974,774
  Current Liabilities 13 338,035,699   306,196,033
  Provisions 14 132,906,688   105,187,916
  Sub-Total (B)   470,942,387   411,383,949
  Net Current Assets (C)=(A-B)     (167,915,330) (157,409,175)
  Miscellaneous Expenditure 15   - -
  Total     502,197,656 405,090,215
CONTINGENT LIABILITIES       33,174,267 27,655,820