| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | (` '000) | ||||
Sr.No. |
PARTICUALRS | For the quarter ending 30.09.2014 | Up to the quarter ending 30.09.2014 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year |
| 1 | Employees’ remuneration & welfare benefits | 167698 | 293505 | 166506 | 338647 |
| 2 | Travel, conveyance and vehicle running expenses | 13358 | 35126 | 11828 | 23993 |
| 3 | Training expenses | 2224 | 3604 | 1575 | 2700 |
| 4 | Rents, rates & taxes | 11252 | 24611 | 6343 | 13002 |
| 5 | Repairs | 100575 | 148279 | 73226 | 171752 |
| 6 | Printing & stationery | 951 | 1650 | 1018 | 1851 |
| 7 | Communication | 2976 | 5419 | 2583 | 4875 |
| 8 | Legal & professional charges | 9963 | 84002 | 10561 | 18111 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| (a) as auditor | 339 | 1209 | 325 | 932 | |
| (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 | 5 | 5 | 29 | 82 | |
| 10 | Advertisement and publicity | 14278 | 17174 | 29237 | 37583 |
| 11 | Interest & Bank Charges | 2037 | 3891 | 15962 | 39133 |
| 12 | Others | 41198 | 90677 | 23935 | 58611 |
| 13 | Depreciation | 22641 | 47320 | 17484 | 33278 |
| TOTAL | 389495 | 756472 | 360612 | 744550 | |
| 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. | |||||