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 MARCH 2015. ( Rs IN 000)
Sr. No.
PARTICULARS SCHEDULE As at 31.03.2015 As at 31.03.2014
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 133636500 114520773
Deferred Tax Liability 0 0
FAIR VALUE CHANGE ACCOUNT 281468452 205000288
BORROWINGS NL-11-Borrowings Schedule
TOTAL 419404952 323821061
APPLICATION OF FUNDS
INVESTMENTS NL-12-Investment Schedule 557250626 456558321
LOANS NL-13-Loans Schedule 3938449 4240508
FIXED ASSETS NL-14-Fixed Assets Schedule 1376270 1143103
DEFERRED TAX ASSET 174705 67075
CURRENT ASSETS
Cash and Bank Balances NL-15-Cash and bank balance Schedule 77280874 82639203
Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 140912228 125270373
Sub-Total (A) 218193102 207909576
CURRENT LIABILITIES NL-17-Current Liabilities Schedule 273015608 264833406
PROVISIONS NL-18-Provisions Schedule 88512592 81264116
DEFERRED TAX LIABILITY
Sub-Total (B) 361528200 346097522
NET CURRENT ASSETS (C) = (A - B) -143335098 -138187946
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
TOTAL 419404952 323821061
CONTINGENT LIABILITIES
Sr No. Particulars As at 31.03.2015 As at 31.03.2014
(Rs.’000) (Rs.’000)
1 Partly paid-up investments
2 Claims, other than against policies, not acknowledged as debts by the company 11000 0
3 Underwriting commitments outstanding (in respect of shares and securities)
4 Guarantees given by or on behalf of the Company 8352709 9161472
5 Statutory demands/ liabilities in dispute, not provided for 22496974 21199250
6 Reinsurance obligations to the extent not provided for in accounts
7 Others (to be specified)
TOTAL 30860683 30360722