| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| ADVANCES AND OTHER ASSETS |
|
|
|
(` '000) |
Sr. No.
|
Particulars |
As at 30.09.2014 |
As at 30.09.2013 |
|
ADVANCES |
|
|
| 1 |
Reserve deposits with ceding companies |
27080947 |
20380896 |
| 2 |
Application money for investments |
864591 |
282548 |
| 3 |
Prepayments |
9511 |
3312 |
| 4 |
Advances toDirectors/Officers |
7586 |
5526 |
| 5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
2110080 |
6930325 |
| 6 |
Others |
386535 |
185451 |
| 7 |
Deferred Commission |
304589 |
325983 |
|
TOTAL (A) |
30763839 |
28114041 |
|
OTHER ASSETS |
|
|
| 1 |
Income accrued on investments |
6587458 |
6968681 |
| 2 |
Outstanding Premiums |
|
|
| 3 |
Agents’ Balances |
|
|
| 4 |
Foreign Agencies Balances |
|
|
| 5 |
Due from other entities carrying on insurance business (including reinsurers) |
39198234 |
36976138 |
| 6 |
Due from subsidiaries/ holding |
|
|
| 7 |
Deposit U/S-7 of Insurance Act |
296339 |
298395 |
| 8 |
Sundry Debtors |
72436 |
111795 |
| 9 |
Sundry Deposits |
285377 |
271359 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
7301516 |
5499469 |
| 12 |
Service Tax Unutilised Credit |
684396 |
|
| 13 |
Terrorism Pool Assets |
44745854 |
37575719 |
|
TOTAL (B) |
99171610 |
87701556 |
|
TOTAL (A+B) |
129935449 |
115815597 |
|
|
|
|
| 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 asgiven under the Companies Act, 1956. |
| (c) Sundry Debtors will be shown under item 9(others) |