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 |