| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | |||
| (` '000) | |||
| Particulars | THREE MONTH ENDING 30.06.2013 | THREE MONTH ENDING 30.06.2012 | |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 22275 694 | 16191 555 |
| 2 | Application money for investments | 147 250 | 0 |
| 3 | Prepayments | 8 288 | 4 939 |
| 4 | Advances to Directors/Officers | 4 338 | 3 343 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 7008 252 | 9012 838 |
| 6 | Others | 94 430 | 15 789 |
| 7 | Deferred Commission | 396 540 | 359 988 |
| TOTAL (A) | 29934 792 | 25588 452 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 6473 532 | 4937 257 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 37004 374 | 38117 668 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 298 913 | 300 969 |
| 8 | Sundry Debtors | 5 915 | 27 963 |
| 9 | Sundry Deposits | 270 833 | 237 657 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 4085 572 | 555 900 |
| 12 | Terrorism Pool Assets | 35358 097 | 29055 306 |
| TOTAL (B) | 83497 236 | 73232 720 | |
| TOTAL (A+B) | 113432 028 | 98821 172 | |
| 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) | |||