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ANNUAL REPORT 2011-12<br />

GENERAL INSURANCE CORPORATION : BALANCE SHEET<br />

(AS ON 31 st MARCH)<br />

STATEMENT 75<br />

(` Lakh)<br />

2011 2012<br />

SOURCES OF FUNDS<br />

Share Capital 43000.00 43000.00<br />

Reserves & Surplus 939021.90 726050.78<br />

Fair Value Change Account 1881770.72 1707278.74<br />

Borrowings<br />

Deferred Tax Liability<br />

TOTAL 2863792.62 2476329.52<br />

APPLICATION OF FUNDS<br />

Investments 3677933.46 3694608.64<br />

Loans 59539.35 49919.30<br />

Fixed Assets 4489.45 4940.18<br />

Deferred Tax Asset 151.60 505.00<br />

CURRENT ASSETS<br />

Cash & Bank Balance 466974.90 691437.42<br />

Advances and Other Assets 763767.58 931681.02<br />

Sub-Total (A) 1230742.48 1623118.44<br />

CURRENT LIABILITIES 1476642.45 2134472.78<br />

Provisions 632421.27 762289.26<br />

Sub-Total (B) 2109063.72 2896762.04<br />

Net Current Assets (C)= (A-B) (878321.24) (1273643.60)<br />

Misc. Expenditure<br />

(to the extent not written off or adjusted)<br />

Profi t & Loss Account (Debit Balance)<br />

TOTAL 2863792.62 2476329.52<br />

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

240

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