| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA... | . | . | . | ||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | . | . | . | (Rs'000) | |
| . | PARTICUALRS | FOR THE QUARTER | NINE MONTH ENDING 31.12.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | NINE MONTH ENDING31.12.2012 |
| 1 | Employees’ remuneration & welfare benefits | 237760 | 576407 | 94184 | 383063 |
| 2 | Travel, conveyance and vehicle running expenses | 25149 | 49142 | 13625 | 31457 |
| 3 | Training expenses | 1429 | 4129 | 1885 | 4751 |
| 4 | Rents, rates & taxes | 5803 | 18805 | 4620 | 13995 |
| 5 | Repairs | 99566 | 271318 | 74361 | 171618 |
| 6 | Printing & stationery | 1166 | 3018 | 758 | 2392 |
| 7 | Communication | 3011 | 7886 | 2000 | 7098 |
| 8 | Legal & professional charges | 26540 | 44651 | 14480 | 28490 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| . | (a) as auditor | 279 | 1211 | 1 | 808 |
| . | (b) as adviser or in any other capacity, in respect of | ||||
| . | (i) Taxation matters | 0 | 0 | 0 | 0 |
| . | (ii) Insurance matters | ||||
| . | (iii) Management services; and | ||||
| . | (c)...in any other capacity | 0 | 82 | 78 | 205 |
| 10 | Advertisement and publicity | 10021 | 47605 | 6226 | 11394 |
| 11 | Interest & Bank Charges | 1775 | 40908 | 1896 | 9879 |
| 12 | Others | 104255 | 162866 | 88982 | 148219 |
| 13 | Depreciation | 17845 | 51123 | 13523 | 36897 |
| . | TOTAL | 534599 | 1279151 | 316619 | 850266 |
| 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. | |||||