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Consolidated Financial Statement 2017-18

BS - Consolidated Financial Statement 2017-18

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April, 2001
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2018
  Particulars Schedule   Current Year Previous Year
        (` '000) (` '000)
SOURCES OF FUNDS          
  Share Capital 5  
43,86,000
43,00,000
  Reserves and Surplus 6  
23,71,61,333
19,75,26,143
  Borrowings 7   - -
  Deferred Tax Liability     - -
  Fair Value Change Account    
29,83,43,460
30,03,71,513
  Total    
53,98,90,793
50,21,97,656
APPLICATION OF FUNDS          
  Investments 8  
73,79,13,603
66,48,12,580
  Loans 9  
28,20,852
32,21,250
  Fixed Assets 10  
17,21,896
16,42,173
  Goodwill on Consolidation    
2,73,832
273,832
  Deferred Tax Asset    
1,74,863
1,63,151
  Current Assets:        
  Cash and Bank Balances 11
14,25,71,399
 
12,23,14,294
  Advances and Other Assets 12
24,49,11,493
 
18,07,12,763
  Sub-Total (A)  
38,74,82,892
 
30,30,27,057
  Current Liabilities 13
46,05,41,631
 
33,80,35,699
  Provisions 14
12,99,55,514
 
13,29,06,688
  Sub-Total (B)  
 
 
47,09,42,387
  Net Current Assets (C)=(A-B)    
-20,30,14,253
-16,79,15,330
  Miscellaneous Expenditure 15     -
  Total    
53,98,90,793
50,21,97,656
CONTINGENT LIABILITIES      
3,67,75,137
3,31,74,267
 
 

 

Ranked 10th Among the top
40 global reinsurance
groups by S&P Ranking