FORM NL-3-B-BS
Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA
Registration No.112
Date ofRegistration with the IRDAI : 2nd April, 2001
BALANCE SHEETAS AT 31  March  2017 ( ` IN 000)
PARTICULARS SCHEDULE As at 31.03.2017 As at 31.03.2016
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 180157 699 154018 207
Deferred Tax Liability 0 0
FAIR VALUE CHANGE ACCOUNT 300363 137 234507 331
BORROWINGS NL-11-Borrowings Schedule 0 0
TOTAL 484820 836 392825 538
APPLICATION OF FUNDS
INVESTMENTS NL-12-Investment Schedule 647449 211 544359 624
LOANS NL-13-Loans Schedule 3221 250 3657 759
FIXED ASSETS NL-14-Fixed Assets Schedule 1636 162 1702 666
DEFERRED TAX ASSET 134 296 24 268
CURRENT ASSETS
Cash and Bank Balances NL-15-Cash and bank balance Schedule 121907 652 97614 005
Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 175137 651 149967 476
Sub-Total (A) 297045 303 247581 481
CURRENT LIABILITIES NL-17-Current Liabilities Schedule 332578 242 300175 919
PROVISIONS NL-18-Provisions Schedule 132087 144 104324 341
DEFERRED TAX LIABILITY
Sub-Total (B) 464665 386 404500 260
NET CURRENT ASSETS (C) = (A - B) (167620 083) (156918 779)
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT
TOTAL 484820 836 392825 538
CONTINGENT LIABILITIES
Particulars As at 31.03.2017 As at 31.03.2016
(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 15864 369 10607 018
5 Statutory demands/ liabilities in dispute, not provided for 17298 899 17027 139
6 Reinsurance obligations to the extent not provided for in accounts
7 Others (to be specified)
TOTAL 33174 268 27645 157