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BS - Consolidated Financial Statement 2020-21

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April, 2001
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021
  Particulars Schedule   Current Year Previous Year
        (` '000) (` '000)
SOURCES OF FUNDS          
  Share Capital 5   8772 000 8772 000
  Reserves and Surplus 6   253756 709 230668 250
  Borrowings 7   0 0
  Deferred Tax Liability     0 0
  Fair Value Change Account        
  Policyholders' Fund     210159 662 116207 293
  Shareholders' Fund     62105 597 32513 285
  Total     534793 968 388160 828
APPLICATION OF FUNDS          
  Investments - Shareholders 8  
234644 846
177286 001
  Investments - Policyholders 8A  
705256 160
531890 082
  Loans 9  
2127 003
2347 397
  Fixed Asssets 10  
1722 605
1816 894
  Goodwill on consolidation    
273 832
273 832
  Deferred Tax Asset    
196 868
210 715
  Current Assets:        
  Cash and Bank Balances 11
185888 053
 
161067 329
  Advances and Other Assets 12
272536 995
 
330919 683
  Sub-Total (A)  
458425 048
 
491987 012
           
  Current Liabilities 13
663569 271
 
643312 639
  Provisions 14
204283 123
 
174338 470
  Sub-Total (B)  
867852 394
 
817651 109
  Net Current Assets (C)=(A-B)    
(409427 346)
(325664 097)
  Miscellaneous Expenditure 15   0 0
  Total    
534793 968
388160 828
CONTINGENT LIABILITIES      
170166 840
147090 705
 

 

Ranked 13thLargest Global Reinsurer(compiled by A M Best)