FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.
Date of  Registration with the IRDAI : 2nd April, 2001
BALANCE SHEET  AS AT 31 December 2016 (Rs.. IN 000)
  PARTICULARS SCHEDULE As at 31.12.2016 As at 31.12.2015
  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 156435 480 151342 241
  Deferred Tax Liability  0  0
  FAIR VALUE CHANGE ACCOUNT 261694 219 251723 697
  BORROWINGS NL-11-Borrowings Schedule  0  0
  TOTAL 422429 699 407365 938
  APPLICATION OF FUNDS      
  INVESTMENTS NL-12-Investment Schedule 597279 725 558917 219
  LOANS NL-13-Loans Schedule 3386 886 3659 393
  FIXED ASSETS NL-14-Fixed Assets Schedule 1638 623 1329 170
  DEFERRED TAX ASSET 24 315 174 683
  CURRENT ASSETS    
  Cash and Bank Balances NL-15-Cash and bank balance Schedule 98864 402 84005 379
  Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 167361 587 93619 039
  Sub-Total (A) 266225 989 177624 418
  CURRENT LIABILITIES NL-17-Current Liabilities Schedule 295237 374 247783 585
  PROVISIONS NL-18-Provisions Schedule 150888 465 86555 360
  DEFERRED TAX LIABILITY      
  Sub-Total (B)   446125 839 334338 945
  NET CURRENT ASSETS (C) = (A - B)   -179899 850 -156714 527
  MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule 0 0
  DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
  TOTAL   422429 699 407365 938
CONTINGENT LIABILITIES
  Particulars   As at 31.12.2016 As at 31.12.2015
      (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 975
6 Reinsurance obligations to the extent not provided for in accounts    
7 Others (to be specified)    
  TOTAL   27645 157 30860 684