| 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 31.03.2015 | As at 31.03.2014 |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 25570338 | 25255607 |
| 2 | Application money for investments | 0 | 277548 |
| 3 | Prepayments | 78348 | 46503 |
| 4 | Advances to Directors/Officers | 5258 | 4799 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 4784155 | 8451831 |
| 6 | Others | 2392388 | 1110248 |
| 7 | Deferred Commission | 473178 | 505797 |
| TOTAL (A) | 33303665 | 35652333 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 7550171 | 6692382 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 36952020 | 32846402 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 295314 | 297370 |
| 8 | Sundry Debtors | 3394901 | 961925 |
| 9 | Sundry Deposits | 289644 | 252491 |
| 10 | LPA Assets | 0 | 0 |
| 11 | MAT Credit | 10954816 | 7301516 |
| 12 | Service Tax Unutilised Credit | 343261 | 684396 |
| 13 | Terrorism Pool Assets | 47828436 | 40581558 |
| TOTAL (B) | 107608563 | 89618040 | |
| TOTAL (A+B) | 140912228 | 125270373 | 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) | |||