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 31.03.2013 ( ' IN 000)
  PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2013 TWELVE MONTH ENDING 31.03.2012
1 OPERATING PROFIT/(LOSS)      
  (a)  Fire Insurance   3816 233 -24055 370
  (b)  Marine Insurance   5958 037 -4700 705
  (c )  Miscellaneous Insurance   8550 157 -7014 448
  (d) Life Insurance   22 852 229 442
         
2 INCOME FROM INVESTMENTS      
  (a) Interest, Dividend & Rent – Gross   4492 459 6937 370
  (b) Profit on sale of investments   2400 613 1443 844
  Less: Loss on sale of investments      
         
3 OTHER INCOME (To be specified)      
  Profit on Exchange   274 019 3381 161
  Profit on sale of Assets (Net)   0 895
  Sundry Balances Written Back (Net)   0 0
  Interest on Income-tax Refund   307 530 490 633
  Motor Pool Service Charges   0 257 435
  Miscellaneous Receipts   7 856 10 292
  TOTAL (A)   25829 756 -23019 451
4 Provision for Doubtful Loans, Investment & Debts   95 680 1506 990
5. Amortisation of premium on Investments   188 507 202 050
6. Diminution in the value of investments written off   32 281 161 486
7. OTHER EXPENSES      
  Expenses relating to Investments   9 915 16 748
  Loss on Exchange   0 0
  Loss on sale of Assets (Net)   85 0
  Sundry Balances Written off (Net)   0 3
  Loss on Distribution of LPA Assets   0 0
  Interest on Service Tax   1681 570 0
  TOTAL (B)   2008 038 1887 277
  Profit Before Tax   23821 718 -24906 728
  Provision for Taxation :      
  Current Tax   4060 000 7
  Wealth Tax   2 028 2 728
  Mat Tax   -3666 672 0
  Deferred Tax   -19 855 -35 340

Fringe Benefit Tax   0 0

Provision for Tax in respect of earlier years
0 -186 624

Profit after Tax   23446 217 -24687 499
  Balance brought forward from last year   -24678 928 599
  Profit available for appropriation   -1232 711 -24686 900
  APPROPRIATIONS      
  (a) Interim dividends paid during the year    
(b) Proposed final dividend   4687 000 0

(c) Dividend distribution tax   796 556 -7 972
  (d) Transfer to General Reserve   2344 622 0
  (e) Balance carried forward to Balance Sheet
-9060 889 -24678 928
      -1232 711 -24686 900