FORM NL-2-B-PL
Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA
Registration No.--112
Date of--Registration with the IRDA : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31.12.2011
- PARTICULARS SCHEDULE FOR THE QUARTER NINE MONTH ENDING 31.12.2011 FOR THE QUARTER OF THE PRECEDING YEAR NINE MONTH ENDING 31.12.2010
- - - ( Rs IN 000) ( Rs IN 000) ( Rs IN 000) ( Rs IN 000)
1 OPERATING PROFIT/(LOSS) - - - - -
- (a)Fire Insurance - -11741 462 -14929 318 12 800 3323 224
- (b)Marine Insurance - -1815 763 -1390 495 -609 726 -285 592
- (c )---------Miscellaneous Insurance - -9987 089 -1926 951 1190 868 3972 497
- (d)         Life Insurance - 96 689 202 038 9 435 64 563
- - - - - - -
2 INCOME FROM INVESTMENTS - - - - -
- (a) Interest, Dividend & Rent – Gross - 1523 104 5339 234 1312 490 4646 247
- (b) Profit on sale of investments - 283 227 902 153 481 208 2047 325
- ------Less: Loss on sale of investments - - - - -
- - - - - - -
3 OTHER INCOME (To be specified) - - -  0 -
- Profit on Exchange - 2355 685 4624 623 73 482 191 222
- Profit on sale of Assets (Net) - - 18  963  83  248
- Interest on Income-tax Refund - 44 162 79 129  0 458 658
- Motor Pool Service Charges - 214 831 311 293 51 509 153 600
- Miscellaneous Receipts - 2 488 5 295 9 932 14 295
- TOTAL (A) - -19024 146 -6782 036 2532 081 14586 287
- - - - - - -
4 Provision for Doubtful Loans, Investment & Debts - 185 561 353 709 107 706 143 976
5. Amortisation of premium on Investments - 49 746 153 788 58 270 172 612
6. Diminution in the value of investments written off - 14 215 51 554 -7 980 4 993
7. OTHER EXPENSES - - - - -
- Expenses relating to Investments - 4 057 11 327 4 770 10 628
- Loss on Exchange -  0  0  0  0
- Loss on sale of Assets (Net) -  0  0  0  0
- Sundry Balances Written off (Net) -  3  3  0  0
- Loss on Distribution of LPA Assets -  0  0  0  0
- Interest on Service Tax -  0  0 21 902 21 902
- TOTAL (B) - 253 582 570 381 184 668 354 111
- Profit Before Tax---------------- - -19277 728 -7352 417 2347 413 14232 176
- Provision for Taxation : - - - - -
- Current Tax - -2786 000  6 689 714 3646 114
- Wealth Tax -  0  463  0  0
- Mat Tax -  0  0  0  0
- Deferred Tax - 4 307 -13 661  0  0
- Fringe Benefit Tax -  0  0  0  0
- Provision for Tax in respect of earlier years -  0  0  0 21 154
- Profit after Tax - -16496 035 -7339 225 1657 699 10564 908
- Balance brought forward from last year -  0  599  0  610
- Profit available for appropriation - -16496 035 -7338 626 1657 699 10565 518
- APPROPRIATIONS - - - - -
- (a)Interim dividends paid during the year -  0  0  0  0
- (b)Proposed final dividend -  0  0  0  0
- (c)Dividend distribution tax - -7 972 -7 972  0  0
- (d)Transfer to General Reserve -  0  0  0  0
- (e)          Balance carried forward to Balance Sheet - -16488 063 -7330 654 1657 699 10565 518
- - - -16496 035 -7338 626 1657 699 10565 518