| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | |||
| . | . | . | (Rs '000) |
| . | Particulars | NINE MONTH ENDING 31.12.2012 | NINE MONTH ENDING 31.12.2011 |
| . | ADVANCES | ||
| 1 | Reserve deposits with ceding companies | 19284 757 | 14178 631 |
| 2 | Application money for investments | 0 | 250 000 |
| 3 | Prepayments | 1 258 | 23 197 |
| 4 | Advances to..Directors/Officers | 3 251 | 2 087 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 8970 694 | 10841 399 |
| 6 | Others | 16 031 | 18 417 |
| 7 | Deferred Commission | 271 914 | 271 545 |
| . | TOTAL (A) | 28547 905 | 25585 276 |
| . | OTHER ASSETS | ||
| 1 | Income accrued on investments | 5241 905 | 4860 026 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business .(including reinsurers) | 40030 109 | 33541 668 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 299 932 | 301 993 |
| 8 | Sundry Debtors | 142 723 | 3 093 |
| 9 | Sundry Deposits | 251 255 | 237 567 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 2226 800 | 771 571 |
| 12 | Terrorism Pool Assets | 32379 895 | 26008 665 |
| . | TOTAL (B) | 80572 619 | 65724 583 |
| . | TOTAL (A+B) | 109120 524 | 91309 859 |
| 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) | . | . | |