| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | ( |
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| Sr.No. | PARTICUALRS | For the quarter ending 30.09.2016 | Up to the Half Year ending 30.09.2016 | For the corresponding quarter of the preceeding year | Up to the half Year of the prceeding year |
| 1 | Employees’ remuneration & welfare benefits | 228 508 | 473 077 | 258 147 | 396 687 |
| 2 | Travel, conveyance and vehicle running expenses | 24 479 | 43 280 | 14 796 | 36 500 |
| 3 | Training expenses | 8 854 | 12 390 | 10 512 | 13 793 |
| 4 | Rents, rates & taxes | 22 708 | 37 529 | 15 100 | 34 581 |
| 5 | Repairs | 44 285 | 103 194 | 48 858 | 101 575 |
| 6 | Printing & stationery | 800 | 1 035 | 1 532 | 1 970 |
| 7 | Communication | 3 790 | 6 720 | 2 920 | 5 218 |
| 8 | Legal & professional charges | 15 913 | 52 834 | 17 660 | 25 028 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| (a) as auditor | 62 | 1 136 | 349 | 1 302 | |
| (b) as adviser or in any other capacity, in respect of | |||||
| (i) Taxation matters | 0 | 0 | 0 | 0 | |
| (ii) Insurance matters | |||||
| (iii) Management services; and | |||||
| (c) in any other capacity | 0 | 0 | 0 | 0 | |
| 10 | Advertisement and publicity | 17 263 | 23 588 | 16 539 | 20 013 |
| 11 | Interest & Bank Charges | 5 972 | 8 780 | 2 474 | 4 598 |
| 12 | Others | 25 326 | 100 183 | 57 505 | 107 085 |
| 13 | Depreciation | 24 533 | 49 253 | 22 911 | 45 008 |
| 14 | Service Tax A/C | 1 679 | 1 679 | 2 291 | 2 291 |
| 15 | IT Expenses | 79 171 | 72 446 | 16 | Swachh Bharat Cess | 346 204 |
| TOTAL | 424 172 | 1340 053 | 471 594 | 868 095 | |
| 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. | |||||