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BS - Consolidated Financial Statement 2018-19

GENERAL INSURANCE CORPORATION OF INDIA
Registration No. 112
Date of Registration with IRDAI : 2nd April, 2001
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2019
  Particulars Schedule   Current Year Previous Year
        (` '000) (` '000)
SOURCES OF FUNDS          
  Share Capital 5   8,772,000 4,386,000
  Reserves and Surplus 6   246,151,751 237,161,333
  Borrowings 7   - -
  Deferred Tax Liability     - -
  Fair Value Change Account     304,239,629 298,343,460
  Total     559,163,380 539,890,793
APPLICATION OF FUNDS          
  Investments 8  
820,452,964
737,913,603
  Loans 9  
2,579,188
2,820,852
  Fixed Asssets 10  
1,975,792
1,721,896
  Goodwill on consolidation    
273,832
273,832
  Deferred Tax Asset    
25,562
174,863
  Current Assets:        
  Cash and Bank Balances 11
129,331,368
 
142,571,399
  Advances and Other Assets 12
267,447,982
 
239,365,640
  Sub-Total (A)  
396,779,350
 
381,937,039
           
  Current Liabilities 13
521,113,873
 
460,541,631
  Provisions 14
141,809,439
 
124,409,661
  Sub-Total (B)  
662,923,312
 
584,951,292
  Net Current Assets (C)=(A-B)    
-266,143,962
-203,014,253
  Miscellaneous Expenditure 15   - -
  Total    
559,163,380
539,890,793
CONTINGENT LIABILITIES      
57,180,195
36,775,137
 

 

Ranked 11th Among the top
40 global reinsurance
groups by S&P Ranking