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P & L - Consolidated Financial Statement 2019-20

PROFIT AND LOSS ACCOUNT FOR THE  YEAR  ENDED 31 MARCH  2020
  Particular Schedule Current Year Previous Year
      (` '000) (` '000)
1. Operating Profit/-Loss      
  (a) Fire Insurance  
-55,80,908
-89,19,632
  (b) Marine Insurance  
39,75,034
36,02,475
  (c) Miscellaneous Insurance  
(64,78,184)
3,36,98,349
  (d) Life Insurance  
2,86,963
-7,95,328
2. Income from Investments      
  (a) Interest, Dividend & Rent - Gross  
92,40,424
1,09,21,922
  (b) Profit on sale of Investments  
65,83,267
71,35,211
  Less: Loss of sale of Investment   0 0
3. Other Income:      
  Forex Gain/( Loss)   15,03,833 13,35,724
  Miscellaneous Receipts  
2,11,229
1,14,152
  Total (A)  
97,41,658
4,70,92,873
4. Provision for Doubtful Loans & Investment  
87,01,427
48,71,692
5 Amortisation of premium on Investments  
13,17,127
10,17,935
6 Diminution in the value of investments written off  
315009
3,04,671
7 Provision/(written off) for Doubtful Debts  
22,56,234
16,18,482
8 Other Expenses :      
  Expenses relating to Investments  
0
0
  (Profit)/Loss on sale of Assets (Net)  
3,547
199
  Interest & Others  
28,865
83,653
  Corporate Social Responsibility Expensess  
7,76,168
6,52,899
  Total (B)  
1,33,98,377
85,49,531
  Profit/(Loss) Before Tax  
(36,56,719)
3,85,43,342
  Provision for Taxation :      
  Current Tax  
1,10,001
1,23,21,599
  Wealth Tax   0 0
  MAT Credit  
0
0
  Deferred Tax  
-1,87,274
-1,13,744
  Fringe Benefit Tax  
0
0
  Provision for Tax in respect of earlier years  
-7,96,487
0
  MAT Credit of earlier year  
0
-49,196
  Profit/ (Loss) After Tax  
(27,82,959)
2,63,84,683
  Share of Profit in Asoociates Companies  
9,18,393
11,91,012
  Profit for the year  
(18,64,566)
2,75,75,695
  Appropriations      
  (a) Balance brought forward from last year  
6,23,74,320
4,90,75,107
  (b) Interim dividend  
0
0
  (c) Final dividend  
1,18,42,200
1,18,42,200
  (d) Dividend distribution tax  
2434283
24,34,283
  (e) Transfer to General Reserve  
0
0
  Balance carried forward to Balance Sheet  
4,62,33,273
6,23,74,320
  Basic and Diluted EPS  
-1.06
15.72

 

Ranked 11th Among the top
40 global reinsurance
groups by S&P Ranking