FORM NL-3-B-BS
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with the IRDA : 2nd April, 2001
BALANCE SHEET AS AT 31st March, 2014 ( ' IN 000)

PARTICULARS SCHEDULE TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013

SOURCES OF FUNDS



SHARE CAPITAL                                                               NL-8-Share Capital Schedule 4300000 4300000

SHARE APPLICATION MONEY PENDING ALLOTMENT



RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 114520773 92315993

Deferred Tax Liability
0 0

FAIR VALUE CHANGE ACCOUNT
205000288 175760409

BORROWINGS NL-11-Borrowings Schedule


TOTAL
323821061 272376402

APPLICATION OF FUNDS



INVESTMENTS NL-12-Investment Schedule 456558321 399761002

LOANS NL-13-Loans Schedule 4240508 4629109

FIXED ASSETS NL-14-Fixed Assets Schedule 1143103 547656

DEFERRED TAX ASSET
67075 70355

CURRENT ASSETS



Cash and Bank Balances NL-15-Cash and bank balance Schedule 82639203 82342788

Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 125270373 112047951

Sub-Total (A)
207909576 194390739

CURRENT LIABILITIES NL-17-Current Liabilities Schedule 264833406 242153961

PROVISIONS NL-18-Provisions Schedule 81264116 84868498

DEFERRED TAX LIABILITY



Sub-Total (B)
346097522 327022459

NET CURRENT ASSETS (C) = (A - B)
-138187946 -132631720

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule


DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT



TOTAL
323821061 272376402
CONTINGENT LIABILITIES

Particulars
TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013



(Rs.’000) (Rs.’000)
1 Partly paid-up investments


2 Claims, other than against policies, not acknowledged as debts by the company


3 Underwriting commitments outstanding (in respect of shares and securities)


4 Guarantees given by or on behalf of the Company
9161472 6595916
5 Statutory demands/ liabilities in dispute, not provided for
21199250 19519294
6 Reinsurance obligations to the extent not provided for in accounts


7 Others (to be specified)



TOTAL
30360722 26115210