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 2021

  

( ₹ in 000)

 

PARTICULARS

SCHEDULE

30.06.2021

30.06.2020

 

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

225317 415

204940 391

 

Deferred Tax Liability

 

 0

 0

 

FAIR VALUE CHANGE ACCOUNT

   
 

Shareholders fund

 

60526 374

38018 678

 

Policyholders fund

 

233357 480

155546 824

 

BORROWINGS

NL-11-Borrowings Schedule

 0

 0

 

TOTAL

 

527973 269

407277 893

 

APPLICATION OF FUNDS

   
 

INVESTMENTS- Shareholders

NL-12-Investment Schedule

195945 410

148822 946

 

INVESTMENTS- Policyholders

NL-12-Investment Schedule

755461 193

575574 112

 

LOANS

NL-13-Loans Schedule

1941 280

2155 353

 

FIXED ASSETS

NL-14-Fixed Assets Schedule

1662 738

1774 198

 

DEFERRED TAX ASSET

 

4135 695

2779 641

 

CURRENT ASSETS

   
 

Cash and Bank Balances

NL-15-Cash and bank balance Schedule

186732 565

191519 181

 

Advances and Other Assets

NL-16-Advancxes and Other Assets Schedule

278662 512

370287 653

 

Sub-Total (A)

 

465395 077

561806 834

 

CURRENT LIABILITIES

NL-17-Current Liabilities Schedule

678925 640

700796 715

 

PROVISIONS

NL-18-Provisions Schedule

217642 484

184838 476

 

DEFERRED TAX LIABILITY

   
 

Sub-Total (B)

 

896568 124

885635 191

 

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

 

-431173 047

-323828 357

 

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

NL-19-Miscellaneous Expenditure Schedule

  
 

DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT

   
 

TOTAL

 

527973 269

407277 893

     
     

CONTINGENT LIABILITIES

 

Particulars

 

30.06.2021

30.06.2020

   

(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

 

54650441.76721

35234789.61284

5

Statutory demands/ liabilities in dispute, not provided for

 

 11,97,02,716.09

 11,51,03,436.25

6

Reinsurance obligations to the extent not provided for in accounts

   

7

Others (to be specified)

 

0

 1,085.60

 

TOTAL

 

174359 344

150345 498