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ANNUAL REPORT 2011-12<br />

STATEMENT 74<br />

GENERAL INSURANCE CORPORATION : SHAREHOLDERS ACCOUNT<br />

(` Lakh)<br />

PARTICULARS 2010-11 2011-12<br />

OPERATING PROFIT/(LOSS)<br />

(a) Fire Insurance 24694.45 (240553.70)<br />

(b) Marine Insurance 17533.33 (47007.05)<br />

(c) Miscellaneous Insurance (19369.59) (70144.48)<br />

(d) Life Insurance 401.46 2294.42<br />

23259.65 (355410.81)<br />

INCOME FROM INVESTMENTS<br />

(a) Interest, Dividend & Rent – Gross 59639.45 69373.70<br />

(b) Profi t on sale of investments 28369.02 14438.44<br />

Less: Loss on sale of investments<br />

OTHER INCOME 17190.17 41404.16<br />

TOTAL (A) 128458.29 (230194.51)<br />

PROVISIONS (Other than taxation)<br />

(a) For diminution in the value of investments 3192.38 1614.86<br />

(b) For doubtful debts 3642.56 15069.90<br />

(c) Others 2273.30 2020.50<br />

OTHER EXPENSES<br />

(a) Expenses other than those related 183.19 167.48<br />

Insurance business<br />

(b) Loss on Exchange<br />

(c) Bad debts written off<br />

(d) Others 12.98 0.03<br />

(e) Interest on Service Tax 219.02<br />

TOTAL (B) 9523.43 18872.77<br />

Profi t before Tax 118934.86 (249067.28)<br />

Provision for Taxation 15593.92 (2192.29)<br />

Profit after Tax 103340.94 (246874.99)<br />

Balance brought froward from last year 6.10 5.99<br />

Profit Available for appropriation 103347.04 (246869.00)<br />

APPROPRIATIONS<br />

(a) Interim dividends paid during the year<br />

(b) Proposed fi nal dividend 20640.00<br />

(c) Dividend distribution tax 3428.05 (79.72)<br />

(d) Transfer to any Reserves or other Accounts<br />

(e) Transfer to General Reserve 79273.00<br />

(f) Balance of Profi t / Loss B/f from last year<br />

(g) Balance c/f to Balance Sheet 5.99 (246789.28)<br />

Note : Figures in brackets indicate negative values<br />

239

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