FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
ADVANCES AND OTHER ASSETS
Sr. No	Particulars	As at 31.12.2015	(` '000) As at 31.12.2014
	ADVANCES
1	Reserve deposits with ceding companies	29766923	27663869
2	Application money for investments	0	864591
3	Prepayments	9856	20398
4	Advances to Directors/Officers	4376	5819
5	Advance tax paid and taxes deducted at source (Net of provision for taxation)	-159878	3638477
6	Others	1876303	1605438
7	Deferred Commission	332985	296817
	TOTAL (A)	31830565	34095409
	OTHER ASSETS
1	Income accrued on investments	7838533	6888369
2	Outstanding Premiums
3	Agents’ Balances
4	Foreign Agencies Balances
5	Due from other entities carrying on insurance business (including reinsurers)	41041190	37537580
6	Due from subsidiaries/ holding
7	Deposit U/S-7 of Insurance Act	293765	295821
8	Sundry Debtors	-19345	48874
9	Sundry Deposits	360532	289485
10	LPA Assets	0	0
11	MAT Credit	11742956	7301516
12	Service Tax Unutilised Credit	530842	268043
13	Terrorism Pool Assets	53799545	46339177
	TOTAL (B)	115588018	98968865
	TOTAL (A+B)	147418583	133064274

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, 2013.