| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| ADVANCES AND OTHER ASSETS |
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( . '000) |
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Particulars |
As at 30.09.2016 |
As at 30.09.2015 |
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ADVANCES |
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| 1 |
Reserve deposits with ceding companies |
31732 194 |
28034 432 |
| 2 |
Application money for investments |
0 |
0 |
| 3 |
Prepayments |
15 696 |
11 752 |
| 4 |
Advances to Directors/Officers |
8 919 |
7 660 |
| 5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
2668 192 |
0 |
| 6 |
Others |
676 919 |
980 953 |
| 7 |
Deferred Commission |
405 304 |
362 245 |
| |
TOTAL (A) |
35507 224 |
29397 042 |
| |
OTHER ASSETS |
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|
| 1 |
Income accrued on investments |
8114 361 |
7331 514 |
| 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) |
92532 686 |
44322 143 |
| 6 |
Due from subsidiaries/ holding |
|
|
| 7 |
Deposit U/S-7 of Insurance Act |
0 |
294 284 |
| 8 |
Sundry Debtors |
98 707 |
127 216 |
| 9 |
Sundry Deposits |
364 807 |
359 817 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
15045 407 |
10954 816 |
| 12 |
Service Tax Unutilised Credit |
445 977 |
530 842 |
| 13 |
Terrorism Pool Assets |
0 |
0 |
| |
TOTAL (B) |
116601 945 |
63920 632 |
| |
TOTAL (A+B) |
152109 169 |
93317 674 |
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| 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, 2013. |
| (c) Sundry Debtors will be shown under item 9(others) |
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