| 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 31.12.2014 | As at 31.12.2013 |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 27663 869 | 24771 742 |
| 2 | Application money for investments | 864 591 | 277 548 |
| 3 | Prepayments | 20 398 | 1 520 |
| 4 | Advances to Directors/Officers | 5 819 | 7 750 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 3638 477 | 8226 332 |
| 6 | Others | 1605 438 | 840 587 |
| 7 | Deferred Commission | 296 817 | 360 073 |
| TOTAL (A) | 34095 409 | 34485 552 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 6888 369 | 6780 179 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 37537 580 | 31743 990 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 295 821 | 297 877 |
| 8 | Sundry Debtors | 48 874 | 23 025 |
| 9 | Sundry Deposits | 289 485 | 251 599 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 7301 516 | 5461 759 |
| 12 | Service Tax Unutilised Credit | 268 043 | |
| 13 | Terrorism Pool Assets | 46339 177 | 39143 797 |
| TOTAL (B) | 98968 865 | 83702 226 | |
| TOTAL (A+B) | 133064 274 | 118187 778 | |
| 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) | |||