| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE - | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | - | - | |
| - | Particulars | As at 31.03.2011 | As at 31.03.2010 for
the corresponding previous year |
| - | - | (Rs '000) | (Rs '000) |
| - | ADVANCES | - | - |
| 1 | Reserve deposits with ceding companies | 11527 470 | 16476 166 |
| 2 | Application money for investments | 0 | 0 |
| 3 | Prepayments | 42 709 | 42 914 |
| 4 | Advances to Directors/Officers | 1 545 | 1 866 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 14172 919 | 11121 246 |
| 6 | Others | 36 508 | 11 692 |
| 7 | Deferred Commission | 326 790 | 231 681 |
| - | TOTAL (A) | 26107 941 | 27885 565 |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 3907 102 | 3233 690 |
| 2 | Outstanding Premiums | - | - |
| 3 | Agents’ Balances | - | - |
| 4 | Foreign Agencies Balances | - | - |
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 23162 745 | 17717 354 |
| 6 | Due from subsidiaries/ holding | - | - |
| 7 | Deposit U/S-7 of Insurance Act | 303 541 | 305 597 |
| 8 | Sundry Debtors | 309 848 | 97 869 |
| 9 | Sundry Deposits | 238 219 | 102 107 |
| 10 | MAT Credit | 771 571 | 0 |
| 11 | Terrorism Pool Assets | 21575 791 | 17457 208 |
| - | TOTAL (B) | 50268 817 | 38913 825 |
| - | TOTAL (A+B) | 76376 758 | 66799 390 |
| * (Includes Rs 1,094,719,030/-(P.Y. Rs 738,450,905/-) for provision for Bad and doubtful debts) | |||