| 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 31.03.2017 | As at 31.03.2016 | |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 39630 860 | 29847 168 |
| 2 | Application money for investments | 200 000 | 0 |
| 3 | Prepayments | 58 656 | 80 298 |
| 4 | Advances to Directors/Officers | 5 726 | 5 164 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 521 617 | 1599 964 |
| 6 | Others | 171 824 | 2902 834 |
| 7 | Deferred Commission | 0 | 554 705 |
| TOTAL (A) | 40588 683 | 34990 133 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 8389 392 | 8267 277 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 107638 017 | 35225 913 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 0 | 0 |
| 8 | Sundry Debtors | 1336 813 | 174 340 |
| 9 | Sundry Deposits | 411 911 | 360 558 |
| 11 | MAT Credit entitlement | 16368 625 | 15045 407 |
| 12 | Service Tax Unutilised Credit | 404 210 | 428 530 |
| 13 | Terrorism Pool Assets | 0 | 55475 318 |
| TOTAL (B) | 134548 968 | 114977 343 | |
| TOTAL (A+B) | 175137 651 | 149967 476 | |
| 0 | 0 | ||
| 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. | |||