FORM NL-3-B-BS | ||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||
Registration No. 112 | ||||
Date of Registration with the IRDAI : 2nd April, 2001 | ||||
BALANCE SHEET AS AT 30 JUNE 2020 | (Rs. IN 000) | |||
PARTICULARS | SCHEDULE | 30.06.2020 | 30.06.2019 | |
SOURCES OF FUNDS | ||||
SHARE CAPITAL | NL-8-Share Capital Schedule | 8772 000 | 8772 000 | |
SHARE APPLICATION MONEY PENDING ALLOTMENT | ||||
RESERVES AND SURPLUS | NL-10-Reserves and Surplus Schedule | 204940 391 | 224790 563 | |
Deferred Tax Liability | 0 | 0 | ||
FAIR VALUE CHANGE ACCOUNT | ||||
Shareholders fund | 38018 678 | 72800 465 | ||
Policyholders fund | 155546 824 | 224587 056 | ||
BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
TOTAL | 407277 893 | 530950 084 | ||
APPLICATION OF FUNDS | ||||
INVESTMENTS- Shareholders | NL-12-Investment Schedule | 148822 946 | 200733 781 | |
INVESTMENTS- Policyholders | NL-12-Investment Schedule | 575574 112 | 596208 479 | |
LOANS | NL-13-Loans Schedule | 2155 353 | 2375 943 | |
FIXED ASSETS | NL-14-Fixed Assets Schedule | 1774 198 | 1928 155 | |
DEFERRED TAX ASSET | 2779 641 | 25 018 | ||
CURRENT ASSETS | ||||
Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 191519 181 | 136798 824 | |
Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 370287 653 | 349695 180 | |
Sub-Total (A) | 561806 834 | 486494 004 | ||
CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 700796 715 | 581322 795 | |
PROVISIONS | NL-18-Provisions Schedule | 184838 476 | 175492 501 | |
DEFERRED TAX LIABILITY | ||||
Sub-Total (B) | 885635 191 | 756815 296 | ||
NET CURRENT ASSETS (C) = (A - B) | -323828 357 | -270321 292 | ||
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
TOTAL | 407277 893 | 530950 084 | ||
CONTINGENT LIABILITIES | ||||
Particulars | 30.06.2020 | 30.06.2019 | ||
(Rs.’000) | (Rs.’000) | |||
1 | Partly paid-up investments | |||
2 | Claims, other than against policies, not acknowledged as debts by the company | 6186.114 | 11000 | |
3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
4 | Guarantees given by or on behalf of the Company | 35234789.61284 | 27310083.6089244 | |
5 | Statutory demands/ liabilities in dispute, not provided for | 114705057.613836 | 58494035.9165163 | |
6 | Reinsurance obligations to the extent not provided for in accounts | |||
7 | Others (to be specified)(Legal dept and Secreterial) | 399464.238 | 126864 | |
TOTAL | 150345 498 | 85941 984 | ||