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 |
( . 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 |