| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | |||
| . | . | . | (Rs '000) |
| . | Particulars | THREE MONTH ENDING 30.06.2012 |
THREE MONTH ENDING 30.06.2011 |
| . | ADVANCES | . | . |
| 1 | Reserve deposits with ceding companies | 16191 555 | 12155 341 |
| 2 | Application money for investments | 0 | 0 |
| 3 | Prepayments | 4 939 | 500 |
| 4 | Advances to..Directors/Officers | 3 343 | 2 312 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 9012 839 | 0 |
| 6 | Others | 15 789 | 36 849 |
| 7 | Deferred Commission | 359 988 | 271 099 |
| . | TOTAL (A) | 25588 453 | 12466 101 |
| . | OTHER ASSETS | . | . |
| 1 | Income accrued on investments | 4937 257 | 4221 767 |
| 2 | Outstanding Premiums | . | . |
| 3 | Agents’ Balances | . | . |
| 4 | Foreign Agencies Balances | . | . |
| 5 | Due from other entities carrying on insurance business .(including reinsurers) | 38117 668 | 27134 612 |
| 6 | Due from subsidiaries/ holding | . | . |
| 7 | Deposit U/S-7 of Insurance Act | 300 969 | 303 029 |
| 8 | Sundry Debtors | 27 963 | 124 565 |
| 9 | Sundry Deposits | 237 657 | 237 570 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 555 900 | 771 571 |
| 12 | Terrorism Pool Assets | 29055 306 | 22818 988 |
| . | TOTAL (B) | 73232 720 | 55612 102 |
| . | TOTAL (A+B) | 98821 173 | 68078 203 |
| Notes: | . | . | . |
| (a)........The items under the above heads shall not be shown net of provisions for doubtful amounts. The amount of provision against each head should be shown separately. | |||
| (b)........The term ‘officer’ should conform to the definition of that term as..given under the Companies Act, 1956. | |||
| (c)........Sundry Debtors will be shown under item 9(others) | . | . | |