FORM NL-3-B-BS gic-logo-final
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 31 MARCH 2016 ( ` '000)
  PARTICULARS SCHEDULE As at 31 March 2016 As at 31 March 2015
  SOURCES OF FUNDS      
  SHARE CAPITAL                                                               NL-8-Share Capital Schedule 4300 000 4300 000
  SHARE APPLICATION MONEY PENDING ALLOTMENT    
  RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 154018 207 133636 500
  Deferred Tax Liability  0  0
  FAIR VALUE CHANGE ACCOUNT 234507 331 281468 452
  BORROWINGS NL-11-Borrowings Schedule  0  0
  TOTAL 392825 538 419404 952
  APPLICATION OF FUNDS      
  INVESTMENTS NL-12-Investment Schedule 544359 624 557250 626
  LOANS NL-13-Loans Schedule 3657 759 3938 449
  FIXED ASSETS NL-14-Fixed Assets Schedule 1702 666 1376 270
  DEFERRED TAX ASSET 24 268 174 705
  CURRENT ASSETS    
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 97614 005 77280 874
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 149967 476 141951 874
  Sub-Total (A) 247581 481 219232 748
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 300175 919 273015 608
  PROVISIONS NL-18-Provisions Schedule 104324 341 89552 239
  DEFERRED TAX LIABILITY      
  Sub-Total (B)   404500 260 362567 847
  NET CURRENT ASSETS (C) = (A - B)   -156918 779 -143335 098
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule    
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
  TOTAL   392825 538 419404 952
CONTINGENT LIABILITIES
  Particulars   As at 31 March 2016 As at 31 March 2015
      (Rs.’000) (Rs.’000)
1 Partly paid-up investments      
2 Claims, other than against policies, not acknowledged as debts by the company 11 000 11 000
3 Underwriting commitments outstanding (in respect of shares and securities)    
4 Guarantees given by or on behalf of the Company 10607 018 8352 709
5 Statutory demands/ liabilities in dispute, not provided for 17027 139 22496 974
6 Reinsurance obligations to the extent not provided for in accounts    
7 Others (to be specified)    
  TOTAL   27645 157 30860 683