| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | |||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| ADVANCES AND OTHER ASSETS | |||
| (` '000) | |||
| Particulars | TWELVE MONTH ENDING 31.03.2014 | TWELVE MONTH ENDING 31.03.2013 | |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 25255 607 | 21428 778 |
| 2 | Application money for investments | 277 548 | 0 |
| 3 | Prepayments | 46 503 | 62 217 |
| 4 | Advances to Directors/Officers | 4 799 | 2 950 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 8451 831 | 9508 436 |
| 6 | Service Tax and Others | 1110 248 | 62 968 |
| 7 | Deferred Commission | 505 797 | 427 852 |
| TOTAL (A) | 35652 333 | 31493 201 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 6692 382 | 6043 149 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 32846 402 | 36548 670 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 297 370 | 299 425 |
| 8 | Sundry Debtors | 961 925 | 7 625 |
| 9 | Sundry Deposits | 252 491 | 269 472 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 7301 516 | 3666 672 |
| 12 | Service Tax Unutilised Credit | 684 396 | 0 |
| 13 | Terrorism Pool Assets | 40581 558 | 33719 737 |
| TOTAL (B) | 89618 040 | 80554 750 | |
| TOTAL (A+B) | 125270 373 | 112047 951 | |
| 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) | |||