| 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 31.12.2013 | NINE MONTH ENDING 31.12.2013 |
| . | ADVANCES | . | . |
| 1 | Reserve deposits with ceding companies | 24771 742 | 19284 757 |
| 2 | Application money for investments | 277 548 | 0 |
| 3 | Prepayments | 1520 | 1258 |
| 4 | Advances to..Directors/Officers | 7750 | 3251 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 8226 333 | 8970 694 |
| 6 | Others | 840 587 | 16 031 |
| 7 | Deferred Commission | 360 073 | 271 914 |
| . | TOTAL (A) | 34485 553 | 28547 905 |
| . | OTHER ASSETS | ||
| 1 | Income accrued on investments | 6780 179 | 5241 905 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business .(including reinsurers) | 31743 990 | 40030 110 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 297 877 | 299 933 |
| 8 | Sundry Debtors | 23 025 | 142 723 |
| 9 | Sundry Deposits | 251 599 | 251 255 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 5461 759 | 2226 800 |
| 12 | Terrorism Pool Assets | 39143 797 | 32379 895 |
| . | TOTAL (B) | 83702226 | 80572 621 |
| . | TOTAL (A+B) | 118187779 | 109120 526 |
| 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) | . | . | |