| FORM NL-3-B-BS | ||||
|---|---|---|---|---|
| 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 30 June 2016 | ( ` IN 000) | |||
| PARTICULARS | SCHEDULE | As at 30.06.2016 | As at 30.06.2015 | |
| 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 | 160506 518 | 138521 870 | |
| Deferred Tax Liability | 0 | 0 | ||
| FAIR VALUE CHANGE ACCOUNT | 266267 938 | 277047 428 | ||
| BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
| TOTAL | 431074 456 | 419869 298 | ||
| APPLICATION OF FUNDS | ||||
| INVESTMENTS | NL-12-Investment Schedule | 592182 353 | 567217 422 | |
| LOANS | NL-13-Loans Schedule | 3418 682 | 3691 636 | |
| FIXED ASSETS | NL-14-Fixed Assets Schedule | 1681 590 | 1354 760 | |
| DEFERRED TAX ASSET | 24 290 | 174 674 | ||
| CURRENT ASSETS | ||||
| Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 93366 905 | 81015 058 | |
| Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 104602 071 | 132828 876 | |
| Sub-Total (A) | 197968 976 | 213843 934 | ||
| CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 251831 631 | 276648 463 | |
| PROVISIONS | NL-18-Provisions Schedule | 112369 803 | 89764 666 | |
| DEFERRED TAX LIABILITY | ||||
| Sub-Total (B) | 364201 434 | 366413 129 | ||
| NET CURRENT ASSETS (C) = (A - B) | -166232 458 | -152569 194 | ||
| MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
| DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
| TOTAL | 431074 456 | 419869 298 | ||
| CONTINGENT LIABILITIES | ||||
| Particulars | As at 30.06.2016 | As at 30.06.2015 | ||
| (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 | ||