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