FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30.06.2016 ( ` IN 000)
  PARTICULARS SCHEDULE Up to  the quarter ending 30.06.2016 Up to the Quarter of the prceeding year
1 OPERATING PROFIT/(LOSS)      
  (a)  Fire Insurance 1915 293 1624 835
  (b)  Marine Insurance 3018 553 592 350
  (c )  Miscellaneous Insurance 2849 805 869 486
  (d)  Life Insurance -697 027 260 157
     
2 INCOME FROM INVESTMENTS  
  (a)  Interest, Dividend & Rent – Gross 2016 123 1865 849
  (b)  Profit on sale of investments 564 755 308 749
        Less: Loss on sale of investments  
     
3 OTHER INCOME (To be specified)  
  Profit on Exchange 310 248 270 142
  Profit on sale of Assets (Net)  0  28
  Sundry Balances Written Back (Net)  0  0
  Interest on Income-tax Refund  0  0
  Motor Pool Service Charges  0 1 377
  Miscellaneous Receipts  594 1 400
  TOTAL (A)   9978 344 5794 373
4 Provision for Doubtful Loans & Investment    90 596 162 870
5 Provision for Doubtful  Debts    0  0
6 Amortisation of premium on Investments   46 033 45 530
7 Diminution in the value of investments written off    0 - 297
8 OTHER EXPENSES      
  Expenses relating to Investments   1 810 1 876
  Loss on Exchange    0  0
  Loss on sale of Assets (Net)    0  0
  Sundry Balances Written off (Net)    0  0
  Loss on Distribution of LPA Assets    0  0
  Interest on Service Tax    0 7 346
  Corporate Social Responsibility   51 140 6 579
  TOTAL (B)   189 578 223 905
  Profit Before Tax                                    9788 766 5570 467
  Provision for Taxation :      
  Current Tax 2748 522 2235 400
  Wealth Tax  0  0
  Mat Tax  0  0
  Deferred Tax  0  0
  Fringe Benefit Tax  0  0
Provision for Tax in respect of earlier years  0  0
MAT Credit of earlier year  0  0
  Profit after Tax   7040 244 3335 067
  Balance brought forward from last year    874  769
  Profit available for appropriation   7041 118 3335 836
  APPROPRIATIONS      
  (a)                 Interim dividends paid during the year    0  0
  (b)                 Proposed final dividend    0  0
  (c)                 Dividend distribution tax    0  0
  (d)                 Transfer to General Reserve    0  0
  (e)          Balance carried forward to Balance Sheet   7041 118 3335 836
      7041 118 3335 836
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a)                  Premium income received from business concluded in and outside India shall be separately disclosed.
(b)                 Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)                 Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)                 Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e)                 Fees and expenses connected with claims shall be included in claims.
(f)                  Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)                 Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)                 Income from rent shall include only the realised rent. It shall not include any notional rent.