| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| ADVANCES AND OTHER ASSETS |
|
|
|
(` '000) |
|
Particulars |
As At 30.06.2014 |
As at 30.06.2013 |
|
ADVANCES |
|
|
| 1 |
Reserve deposits with ceding companies |
26591783 |
22275694 |
| 2 |
Application money for investments |
873251 |
147250 |
| 3 |
Prepayments |
15564 |
8288 |
| 4 |
Advances to Directors/Officers |
4687 |
4338 |
| 5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
2485399 |
7008251 |
| 6 |
Others |
-532372 |
94430 |
| 7 |
Deferred Commission |
449367 |
396540 |
|
TOTAL (A) |
29887679 |
29934791 |
|
OTHER ASSETS |
|
|
| 1 |
Income accrued on investments |
5902190 |
6473532 |
| 2 |
Outstanding Premiums |
|
|
| 3 |
Agents’ Balances |
|
|
| 4 |
Foreign Agencies Balances |
|
|
| 5 |
Due from other entities carrying on insurance business (including reinsurers) |
33972397 |
37004374 |
| 6 |
Due from subsidiaries/ holding |
|
|
| 7 |
Deposit U/S-7 of Insurance Act |
296857 |
298913 |
| 8 |
Sundry Debtors |
538588 |
5915 |
| 9 |
Sundry Deposits |
287638 |
270833 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
7301516 |
4085572 |
| 12 |
Service Tax Unutilised Credit |
684396 |
|
| 13 |
Terrorism Pool Assets |
42380394 |
35358097 |
|
TOTAL (B) |
91363976 |
83497236 |
|
TOTAL (A+B) |
121251655 |
113432027 |
|
|
|
|
| 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)
|