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