| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA... | . | . | . | ||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | . | . | . | (Rs'000) | |
| . | PARTICUALRS | FOR THE QUARTER | SIX MONTH ENDING 30.09.2012 |
FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2011 |
| 1 | Employees’ remuneration & welfare benefits | 139 357 | 288 879 | 121 408 | 233 336 |
| 2 | Travel, conveyance and vehicle running expenses | 9 001 | 17 833 | 3 565 | 8 334 |
| 3 | Training expenses | 656 | 2 866 | 477 | 797 |
| 4 | Rents, rates & taxes | 4 533 | 9 375 | 4 161 | 9 447 |
| 5 | Repairs | 39 470 | 97 257 | 29 375 | 60 681 |
| 6 | Printing & stationery | 764 | 1 634 | 677 | 1 239 |
| 7 | Communication | 2 975 | 5 098 | 3 486 | 5 475 |
| 8 | Legal & professional charges | 7 757 | 14 010 | 6 365 | 7 974 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| . | (a) as auditor | 481 | 807 | 660 | 660 |
| . | (b) as adviser or in any other capacity, in respect of | ||||
| . | (i) Taxation matters | 0 | 0 | 0 | 0 |
| . | (ii) Insurance matters | ||||
| . | (iii) Management services; and | ||||
| . | (c)...in any other capacity | 22 | 127 | 52 | 404 |
| 10 | Advertisement and publicity | 1 289 | 5 168 | 9 111 | 11 525 |
| 11 | Interest & Bank Charges | 2 678 | 7 983 | 3 445 | 6 130 |
| 12 | Others | 24 416 | 59 237 | 30 091 | 58 256 |
| 13 | Depreciation | 12 022 | 23 374 | 9 057 | 16 673 |
| . | TOTAL | 245 421 | 533 648 | 221 930 | 420 931 |
| Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item. | |||||