| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
|---|---|---|---|
| ADVANCES AND OTHER ASSETS | |||
| Particulars | As at 31.12.2010 | As at 31.12.2009 for the corresponding previous year | |
| (` '000) | (` '000) | ||
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 10647 113 | 15724 728 |
| 2 | Application money for investments | 0 | 200 000 |
| 3 | Prepayments | 12 850 | 9 922 |
| 4 | Advances to Directors/Officers | 1 455 | 2 243 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 10641 418 | 3482 872 |
| 6 | Others | 204 439 | 22 261 |
| 7 | Deferred Commission | 206 370 | 162 090 |
| TOTAL (A) | 21713 645 | 19604 116 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 3661 337 | 3304 150 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 21929 297 | 16339 842 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 304 047 | 306 103 |
| 8 | Sundry Debtors | 106 808 | 239 280 |
| 9 | Sundry Deposits | 237 355 | 101 314 |
| 10 | MAT Credit | 771 571 | |
| 11 | Terrorism Pool Assets | 20679 664 | 16663 706 |
| TOTAL (B) | 47690 079 | 36954 395 | |
| TOTAL (A+B) | 69403 724 | 56558 511 | |
| * (Includes ` 869,717,120/- for provision for Bad and doubtful debts) | |||