FORM NL-7-OPERATING EXPENSES SCHEDULE
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Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
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OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
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(` '000) |
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PARTICULARS |
TWELVE MONTH ENDING 31.03.2013 |
TWELVE MONTH ENDING 31.03.2012 |
| 1 |
Employees’ remuneration & welfare benefits |
480 499 |
512 865 |
| 2 |
Travel, conveyance and vehicle running expenses |
42 914 |
24 910 |
| 3 |
Training expenses |
5 614 |
7 291 |
| 4 |
Rents, rates & taxes |
21 645 |
25 434 |
| 5 |
Repairs |
229 156 |
138 339 |
| 6 |
Printing & stationery |
3 610 |
3 153 |
| 7 |
Communication |
11 831 |
11 204 |
| 8 |
Legal & professional charges |
41 782 |
44 802 |
| 9 |
Auditors' fees, expenses etc |
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(a) as auditor |
7 861 |
6 015 |
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(b) as adviser or in any other capacity, in respect of |
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(i) Taxation matters |
250 |
250 |
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(ii) Insurance matters |
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(iii) Management services; and |
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(c)...in any other capacity |
236 |
624 |
| 10 |
Advertisement and publicity |
26 435 |
43 532 |
| 11 |
Interest & Bank Charges |
16 828 |
32 397 |
| 12 |
Others |
176 347 |
135 754 |
| 13 |
Depreciation |
56 424 |
43 938 |
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TOTAL |
1121 432 |
1030 508 |
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.
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