| FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | (` '000) | ||||
| PARTICUALRS | For the Twelve Months ending 31.03.2017 | Up to the Twelve Months ending 31.03.2017 | For the corresponding Twelve months of the preceeding year | Up to the corresponding twelve months of the prceeding year | |
|---|---|---|---|---|---|
| 1 | Employees’ remuneration & welfare benefits | 212 550 | 964 370 | 180 094 | 859 963 |
| 2 | Travel, conveyance and vehicle running expenses | 14 127 | 81 346 | 22 462 | 89 762 |
| 3 | Training expenses | 5 769 | 22 328 | 6 932 | 23 425 |
| 4 | Rents, rates & taxes | 12 751 | 64 815 | 8 613 | 60 272 |
| 5 | Repairs | 46 630 | 208 021 | (24 113) | 212 637 |
| 6 | Printing & stationery | 2 587 | 4 080 | ( 378) | 2 735 |
| 7 | Communication | 5 639 | 15 745 | 3 897 | 12 338 |
| 8 | Legal & professional charges | 20 398 | 87 214 | 16 356 | 50 940 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| (a) as auditor | 5 022 | 7 129 | 6 464 | 8 239 | |
| (b) as adviser or in any other capacity, in respect of | |||||
| (i) Taxation matters | 300 | 300 | 300 | 300 | |
| (ii) Insurance matters | |||||
| (iii) Management services; and | |||||
| (c) in any other capacity | 0 | 0 | 2 | 2 | |
| 10 | Advertisement and publicity | 18 116 | 61 442 | 21 888 | 54 412 |
| 11 | Interest & Bank Charges | 5 836 | 15 135 | 5 129 | 11 734 |
| 12 | Others | 130 308 | 316 714 | 35 809 | 198 600 |
| 13 | Depreciation | 22 987 | 96 805 | 27 583 | 95 789 |
| 14 | Service Tax A/C | 2 058 | 3 737 | 2 266 | 4 557 |
| 15 | IT Expenses | 2 430 | 98 690 | 121 269 | 121 269 |
| 16 | Swachh Bharat Cess | 2 652 | 349 399 | 0 | 0 |
| TOTAL | 510 160 | 2397 270 | 434 573 | 1806 974 | |
| 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. | |||||