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 31 DECEMBER 2014. |
( Rs IN 000) |
|
Sr. No.
|
PARTICULARS |
SCHEDULE |
As at 31.12.2014 |
As at 31.12.2013 |
|
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 |
134481133 |
108422560 |
|
Deferred Tax Liability |
|
0 |
0 |
|
FAIR VALUE CHANGE ACCOUNT |
|
280755886 |
187920839 |
|
BORROWINGS |
NL-11-Borrowings Schedule |
|
|
|
TOTAL |
|
419537019 |
300643399 |
|
APPLICATION OF FUNDS |
|
|
|
|
INVESTMENTS |
NL-12-Investment Schedule |
555078910 |
437638002 |
|
LOANS |
NL-13-Loans Schedule |
3973201 |
4283685 |
|
FIXED ASSETS |
NL-14-Fixed Assets Schedule |
1390143 |
520986 |
|
DEFERRED TAX ASSET |
|
64650 |
70326 |
|
CURRENT ASSETS |
|
|
|
|
Cash and Bank Balances |
NL-15-Cash and bank balance Schedule |
71089987 |
83419236 |
|
Advances and Other Assets |
NL-16-Advancxes and Other Assets Schedule |
133064274 |
118187778 |
|
Sub-Total (A) |
|
204154261 |
201607014 |
|
CURRENT LIABILITIES |
NL-17-Current Liabilities Schedule |
263298631 |
266169345 |
|
PROVISIONS |
NL-18-Provisions Schedule |
81825515 |
77307270 |
|
DEFERRED TAX LIABILITY |
|
|
|
|
Sub-Total (B) |
|
345124146 |
343476615 |
|
NET CURRENT ASSETS (C) = (A - B) |
|
-140969885 |
-141869600 |
|
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) |
NL-19-Miscellaneous Expenditure Schedule |
|
|
|
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT |
|
|
|
|
TOTAL |
|
419537019 |
300643399 |
|
|
|
|
|
|
|
|
|
|
CONTINGENT LIABILITIES |
Sr. No.
|
Particulars |
|
As at 31.12.2014 |
As at 31.12.2013 |
|
|
|
(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 |
|
6595916 |
5811173 |
5 |
Statutory demands/ liabilities in dispute, not provided for |
|
19519294 |
4604563 |
6 |
Reinsurance obligations to the extent not provided for in accounts |
|
|
869734 |
7 |
Others (to be specified) |
|
|
|
|
TOTAL |
|
26115210 |
11285470 |