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 30.06.2017 ( ` IN 000)
  PARTICULARS SCHEDULE For the  Three Months  ending 30.06.2017 Up to  the  Three Months  ending 30.06.2017 For the corresponding Three months  of the preceeding year  Up to the corresponding  three months  of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance   1091 617 1091 617 1915 293 1915 293
  (b)  Marine Insurance   2241 460 2241 460 3018 553 3018 553
  (c )  Miscellaneous Insurance                  (2,053,045)                (2,053,045) 2849 805 2849 805
  (d)  Life Insurance   260 852 260 852                   (697,027)                   (697,027)
             
2 INCOME FROM INVESTMENTS          
  (a)  Interest, Dividend & Rent – Gross   2457 450 2457 450 2016 124 2016 124
  (b)  Profit on sale of investments   1042 945 1042 945 564 755 564 755
        Less: Loss on sale of investments    0  0  0  0
             
3 OTHER INCOME           
  Foreign gain/(loss)    0  0 310 248 310 248
  Profit on sale of Assets (Net)    2  2  0  0
  Sundry Balances Written Back (Net)    0  0  0  0
  Interest on Income-tax Refund    0  0  0  0
  (Provision) / Doubtful Debts Written Back    0  0  0  0
  Motor Pool Service Charges    0  0  0  0
  Miscellaneous Receipts   1 087 1 087  594  594
  TOTAL (A)   5,042,368 5042 368 9978 345 9978 345
4 Provision for Doubtful Loans & Investment    721 946 721 946                90,596 90 596
5 Provision / (written off) for Doubtful  Debts   246 818 246 818 0  0
6 Amortisation of premium on Investments   51 748 51 748                46,033 46 033
7 Diminution in the value of investments written off    0  0 0  0
8 OTHER EXPENSES          
  Expenses relating to Investments   1 838 1 838                 1,810 1 810
  Foreox loss/(gain)   90 396 90 396 0  0
  (Profit) / Loss on sale of Assets (Net)    0  0 0  0
  Interest & others    4  4 0  0
  Corporate Social Responsibility expenses   15 123 15 123                51,140 51 140
  IPO expenses    792  792 0  0
  TOTAL (B)   1128 665 1128 665 189,579 189 579
  Profit Before Tax                                    3913 703 3913 703 9788 766 9788 766
  Provision for Taxation :          
  Current Tax   760 000 760 000 2748 522 2748 522
  MAT Credit                      (749,114)                   (749,114) 0  0
  Deferred Tax   1 746 1 746 0  0
  Provision for Tax in respect of earlier years    0  0 0  0
  MAT Credit of earlier year    0  0 0  0
  Profit after Tax   3901 071 3901 071 7040 244 7040 244
  Balance brought forward from last year   31277 556 31277 556                    874  874
  Profit available for appropriation   35178 627 35178 627 7041 118 7041 118
  APPROPRIATIONS       0  
  (a)                 Interim dividends paid during the year    0  0 0  0
  (b)                 Proposed final dividend    0  0 0  0
  (c)                 Dividend distribution tax    0  0 0  0
  (d)                 Transfer to General Reserve    0  0 0  0
  (e)          Balance carried forward to Balance Sheet   35178 627 35178 627 7041 118 7041 118
      35178 627 35178 627 7041 118 7041 118
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.