| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | |||
| . | . | . | (Rs '000) |
| . | Particulars | TWELVE MONTH ENDING 31.03.2013 | TWELVE MONTH ENDING 31.03.2012 |
| . | ADVANCES | ||
| 1 | Reserve deposits with ceding companies | 21428 778 | 14116 973 |
| 2 | Application money for investments | 0 | 0 |
| 3 | Prepayments | 62 217 | 49 067 |
| 4 | Advances to..Directors/Officers | 2 950 | 3 097 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 9508 436 | 9275 597 |
| 6 | Others | 62 968 | 18 781 |
| 7 | Deferred Commission | 427 852 | 400 651 |
| . | TOTAL (A) | 31493 201 | 23864 166 |
| . | OTHER ASSETS | ||
| 1 | Income accrued on investments | 6043 149 | 5257 383 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business .(including reinsurers) | 36548 670 | 36115 081 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 299 425 | 301 481 |
| 8 | Sundry Debtors | 7 625 | 140 138 |
| 9 | Sundry Deposits | 269 472 | 237 527 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 3666 672 | 0 |
| 12 | Terrorism Pool Assets | 33719 737 | 27252 326 |
| . | TOTAL (B) | 80554 750 | 69303 936 |
| . | TOTAL (A+B) | 112047 951 | 93168 102 |
| 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) | . | . | |