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 31 MARCH 2021 | ( ₹ in 000) | |||
PARTICULARS | SCHEDULE | 31.03.2021 | 31.03.2020 | |
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 | 231714 762 | 210457 631 | |
Deferred Tax Liability | 0 | 0 | ||
FAIR VALUE CHANGE ACCOUNT | ||||
Shareholders fund | 61548 237 | 32756 864 | ||
Policyholders fund | 210360 283 | 116207 292 | ||
BORROWINGS | NL-11-Borrowings Schedule | 0 | 0 | |
TOTAL | 512395 282 | 368193 787 | ||
APPLICATION OF FUNDS | ||||
INVESTMENTS- Shareholders | NL-12-Investment Schedule | 212953 203 | 157037 787 | |
INVESTMENTS- Policyholders | NL-12-Investment Schedule | 698002 713 | 528220 442 | |
LOANS | NL-13-Loans Schedule | 2124 612 | 2347 397 | |
FIXED ASSETS | NL-14-Fixed Assets Schedule | 1692 784 | 1808 060 | |
DEFERRED TAX ASSET | 183 328 | 207 856 | ||
CURRENT ASSETS | ||||
Cash and Bank Balances | NL-15-Cash and bank balance Schedule | 182940 927 | 158537 841 | |
Advances and Other Assets | NL-16-Advancxes and Other Assets Schedule | 248714 659 | 313802 615 | |
Sub-Total (A) | 431655 586 | 472340 456 | ||
CURRENT LIABILITIES | NL-17-Current Liabilities Schedule | 630744 874 | 619127 147 | |
PROVISIONS | NL-18-Provisions Schedule | 203472 070 | 174641 064 | |
DEFERRED TAX LIABILITY | ||||
Sub-Total (B) | 834216 944 | 793768 211 | ||
NET CURRENT ASSETS (C) = (A - B) | -402561 358 | -321427 755 | ||
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) | NL-19-Miscellaneous Expenditure Schedule | |||
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT | ||||
TOTAL | 512395 282 | 368193 787 | ||
CONTINGENT LIABILITIES | ||||
Particulars | 31.03.2021 | 31.03.2020 | ||
(Rs.’000) | (Rs.’000) | |||
1 | Partly paid-up investments | |||
2 | Claims, other than against policies, not acknowledged as debts by the company | 6186.114 | 6186.114 | |
3 | Underwriting commitments outstanding (in respect of shares and securities) | |||
4 | Guarantees given by or on behalf of the Company | 51823529.78776 | 33439903.0098905 | |
5 | Statutory demands/ liabilities in dispute, not provided for | 117933886.32 | 113643530.62583 | |
6 | Reinsurance obligations to the extent not provided for in accounts | |||
7 | Others (to be specified) Legal Department (RIWW +HR) | 403237.95 | 0 | |
Com Sec | 1086 | |||
TOTAL | 170166 840 | 147090 705 | ||