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 SEPTEMBER 2020

 

(` '000)

 

PARTICULARS

SCHEDULE

30.09.2020

30.09.2019

 

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

207637 280

204950 599

 

Deferred Tax Liability

 

 0

 0

 

FAIR VALUE CHANGE ACCOUNT

   
 

Shareholders fund

 

39988 757

59646 401

 

Policyholders fund

 

155061 971

208783 463

 

BORROWINGS

NL-11-Borrowings Schedule

 0

 0

 

TOTAL

 

411460 008

482152 463

 

APPLICATION OF FUNDS

   
 

INVESTMENTS- Shareholders

NL-12-Investment Schedule

164455 194

177266 003

 

INVESTMENTS- Policyholders

NL-12-Investment Schedule

605090 266

594341 864

 

LOANS

NL-13-Loans Schedule

2156 114

2378 937

 

FIXED ASSETS

NL-14-Fixed Assets Schedule

1755 103

1869 430

 

DEFERRED TAX ASSET

 

992 291

27 786

 

CURRENT ASSETS

   
 

Cash and Bank Balances

NL-15-Cash and bank balance Schedule

169237 296

134002 064

 

Advances and Other Assets

NL-16-Advancxes and Other Assets Schedule

317992 620

350918 957

 

Sub-Total (A)

 

487229 916

484921 021

 

CURRENT LIABILITIES

NL-17-Current Liabilities Schedule

671387 191

633078 599

 

PROVISIONS

NL-18-Provisions Schedule

178831 685

145573 979

 

DEFERRED TAX LIABILITY

   
 

Sub-Total (B)

 

850218 876

778652 578

 

NET CURRENT ASSETS (C) = (A - B)

 

-362988 960

-293731 557

 

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)

NL-19-Miscellaneous Expenditure Schedule

  
 

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT

   
 

TOTAL

 

411460 008

482152 463

     
     

CONTINGENT LIABILITIES

 

Particulars

 

30.09.2020

30.09.2019

   

(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

 

37773274.81656

28493125.89316

5

Statutory demands/ liabilities in dispute, not provided for

 

115778249.730834

68726659.464

6

Reinsurance obligations to the extent not provided for in accounts

   

7

Others (to be specified)

 

406722.53206

126864

 

TOTAL

 

153964 433

97357 649