| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
| Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA | |||||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | |||||
| - | PARTICUALRS | FOR THE QUARTER | NINE MONTH ENDING 31.12.2011 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING 31.12.2010 |
| - | - | (Rs '000) | (Rs '000) | (Rs '000) | (Rs '000) |
| 1 | Employees’ remuneration & welfare benefits | 129 975 | 363 311 | 81 072 | 311 012 |
| 2 | Travel, conveyance and vehicle running expenses | 9 384 | 17 719 | 9 065 | 16 793 |
| 3 | Training expenses | 1 028 | 1 825 | 996 | 2 401 |
| 4 | Rents, rates & taxes | 11 308 | 20 755 | 5 616 | 14 930 |
| 5 | Repairs | 34 416 | 95 097 | 29 109 | 98 854 |
| 6 | Printing & stationery | 893 | 2 132 | 778 | 2 117 |
| 7 | Communication | 1 342 | 6 817 | 3 223 | 7 753 |
| 8 | Legal & professional charges | 6 569 | 14 543 | 5 487 | 12 414 |
| 9 | Auditors' fees, expenses etc | - | - | - | - |
| - | (a) as auditor | 385 | 1 045 | 525 | 1 360 |
| - | (b) as adviser or in any other capacity, in respect of | - | - | - | - |
| - | (i) Taxation matters | 188 | 188 | 0 | 0 |
| - | (ii) Insurance matters | - | - | - | - |
| - | (iii) Management services; and | - | - | - | - |
| - | (c)-----------in any other capacity | 133 | 538 | 61 | 1 477 |
| 10 | Advertisement and publicity | 19 397 | 30 922 | 13 363 | 17 382 |
| 11 | Interest & Bank Charges | 3 055 | 9 185 | 1 597 | 6 868 |
| 12 | Others | 63 235 | 121 491 | 30 338 | 63 952 |
| 13 | Depreciation | 13 032 | 29 705 | 8 533 | 21 998 |
| - | TOTAL | 294 340 | 715 273 | 189 763 | 579 311 |