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 HALF YEAR ENDED 30.09.2018 ( ` IN 000)
  PARTICULARS SCHEDULE For the  Three Months  ending 30.09.2018 Up to  the   Six Months  ending 30.09.2018 For the corresponding Three months  of the preceeding year  Up to the corresponding  Six months  of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance -4444 683 -4978 540 -7255 363 -6163 747
  (b)  Marine Insurance 666 831 1469 895 3016 854 5258 314
  (c )  Miscellaneous Insurance -355 105           6,761,698 20944 148 18891 104
  (d)  Life Insurance 190 446 36 926 404 763 665 615
           
2 INCOME FROM INVESTMENTS        
  (a)  Interest, Dividend & Rent – Gross 3152 788 5279 483 2457 867 4915 317
  (b)  Profit on sale of investments 2483 395 3267 837 474 658 1517 603
        Less: Loss on sale of investments        
           
3 OTHER INCOME (To be specified)        
  Foreign gain/(loss) 912 923 1648 720 85 122 85 122
  Profit on sale of Assets (Net) - 7  0 - 2  0
  Sundry Balances Written Back (Net)  0  0  0  0
  Interest on Income-tax Refund  0  0  0  0
  (Provision) / Doubtful Loans & Investment  -83 000  0  0  0
  Motor Pool Service Charges  0  0  0  0
  Miscellaneous Receipts 24 556 32 757 1 329 2 416
  TOTAL (A)   2548 144 13518 776 20129 376 25171 744
4 Provision for Doubtful Loans & Investment    858 574 858 574 822 043 1543 989
5 Provision /(written off) for Doubtful  Debts   -99 747 477 614 107 338 354 156
6 Amortisation of premium on Investments   76 532 155 979 59 806 111 554
7 Diminution in the value of investments written off    0  0  0  0
8 OTHER EXPENSES          
  Expenses relating to Investments   4 451 6 477 2 268 4 106
  Foreox loss/(gain)    0  0 -90 396  0
  (profit)/Loss on sale of Assets (Net)    230  230  21  21
  Interest & others    13 7 132 11 996 12 000
  Corporate Social Responsibility   9 185 16 419  865 15 988
  IPO expenses    0  0 38 458 39 250
  TOTAL (B)   849 238 1522 425 952 399 2081 064
  Profit Before Tax                                    1698 906 11996 351 19176 977 23090 680
  Provision for Taxation :        
  Current Tax -585 000 1995 000           4,238,692 4998 692
  Wealth Tax  0  0                        0  0
  MAT Credit  -1993 660 -1993 660              749,114  0
  Deferred Tax -860 861 -857 651                (1 250)  496
MAT Credit of earlier year  0  0                  ( 755) - 755
  Profit after Tax   5138 427 12852 662 14191 176 18092 247
  Balance brought forward from last year    0 32336 730                        0 31277 556
  Profit available for appropriation   5138 427 45189 392 14191 176 49369 803
  APPROPRIATIONS        
  (a)                 Interim dividends paid during the year    0  0                        0  0
  (b)                  Final dividend   11842 200 11842 200         10,020,000 10020 000
  (c)                 Dividend distribution tax   2434 283 2434 283           2,039,872 2039 872
  (d)                 Transfer to General Reserve   -40050 965  0         (15961 827) 19216 800
  (e)          Balance carried forward to Balance Sheet   30912 910 30912 910         18,093,131 18093 131
      5138 427 45189 393 14191 176 49369 803
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.