| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
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| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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| ADVANCES AND OTHER ASSETS |
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(` '000) |
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Particulars |
As at 31 March 2016 |
As at 31 March 2015 |
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ADVANCES |
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| 1 |
Reserve deposits with ceding companies |
29847 168 |
25570 338 |
| 2 |
Application money for investments |
0 |
0 |
| 3 |
Prepayments |
80 298 |
78 348 |
| 4 |
Advances to Directors/Officers |
5 164 |
5 258 |
| 5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
1599 964 |
5823 802 |
| 6 |
Others |
2902 834 |
2392 388 |
| 7 |
Deferred Commission |
554 705 |
473 178 |
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TOTAL (A) |
34990 133 |
34343 312 |
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OTHER ASSETS |
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| 1 |
Income accrued on investments |
8267 277 |
7550 171 |
| 2 |
Outstanding Premiums |
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| 3 |
Agents’ Balances |
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| 4 |
Foreign Agencies Balances |
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| 5 |
Due from other entities carrying on insurance business (including reinsurers) |
35225 913 |
36952 020 |
| 6 |
Due from subsidiaries/ holding |
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| 7 |
Deposit U/S-7 of Insurance Act |
0 |
295 314 |
| 8 |
Sundry Debtors |
174 340 |
3394 901 |
| 9 |
Sundry Deposits |
360 558 |
289 644 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
15045 407 |
10954 816 |
| 12 |
Service Tax Unutilised Credit |
428 530 |
343 260 |
| 13 |
Terrorism Pool Assets |
55475 318 |
47828 436 |
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TOTAL (B) |
114977 343 |
107608 562 |
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TOTAL (A+B) |
149967 476 |
141951 874 |
| Notes:
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| (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) |