| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| ADVANCES AND OTHER ASSETS |
|
|
|
( '000) |
| |
Particulars |
As at 31.12.2016 |
As at 31.12.2015 |
| |
ADVANCES |
|
|
| 1 |
Reserve deposits with ceding companies |
39305 069 |
29766 922 |
| 2 |
Application money for investments |
0 |
0 |
| 3 |
Prepayments |
9 071 |
9 856 |
| 4 |
Advances to Directors/Officers |
6 380 |
4 376 |
| 5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
5206 022 |
-159 878 |
| 6 |
Others |
166 275 |
1876 303 |
| 7 |
Deferred Commission |
537 195 |
332 985 |
| |
TOTAL (A) |
45230 012 |
31830 564 |
| |
OTHER ASSETS |
|
|
| 1 |
Income accrued on investments |
7944 863 |
7838 533 |
| 2 |
Outstanding Premiums |
|
|
| 3 |
Agents’ Balances |
|
|
| 4 |
Foreign Agencies Balances |
|
|
| 5 |
Due from other entities carrying on insurance business (including reinsurers) |
98180 626 |
41041 191 |
| 6 |
Due from subsidiaries/ holding |
|
|
| 7 |
Deposit U/S-7 of Insurance Act |
0 |
293 766 |
| 8 |
Sundry Debtors |
262 419 |
-19 345 |
| 9 |
Sundry Deposits |
371 603 |
360 532 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
14926 087 |
11742 956 |
| 12 |
Service Tax Unutilised Credit |
445 977 |
530 842 |
| 13 |
Terrorism Pool Assets |
0 |
0 |
| |
TOTAL (B) |
122131 575 |
61788 475 |
| |
TOTAL (A+B) |
167361 587 |
93619 039 |
| 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. |
| (c) Sundry Debtors will be shown under item 9(others) |