| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | (` '000) | ||
| PARTICUALRS | Up to the quarter ending 30.06.2016 | Up to the Quarter of the prceeding year | |
| 1 | Employees’ remuneration & welfare benefits | 244 569 | 138 540 |
| 2 | Travel, conveyance and vehicle running expenses | 18 801 | 21 705 |
| 3 | Training expenses | 3 536 | 3 281 |
| 4 | Rents, rates & taxes | 14 821 | 19 481 |
| 5 | Repairs | 58 909 | 52 717 |
| 6 | Printing & stationery | 235 | 439 |
| 7 | Communication | 2 930 | 2 298 |
| 8 | Legal & professional charges | 36 922 | 7 368 |
| 9 | Auditors' fees, expenses etc | ||
| (a) as auditor | 1 074 | 953 | |
| (b) as adviser or in any other capacity, in respect of | |||
| (i) Taxation matters | 0 | 0 | |
| (ii) Insurance matters | |||
| (iii) Management services; and | |||
| (c) in any other capacity | 0 | 0 | |
| 10 | Advertisement and publicity | 6 326 | 3 474 |
| 11 | Interest & Bank Charges | 2 808 | 2 124 |
| 12 | Others | 53 845 | 49 581 |
| 13 | Depreciation | 24 720 | 22 097 |
| 14 | Service Tax A/C | 0 | 0 |
| 15 | IT Expenses | 56 257 | 43 692 |
| TOTAL | 525 753 | 367 750 | |
| 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. | |||