| 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 Three Months ending 30.06.2017 | Up to the Three Months ending 30.06.2017 | For the corresponding Three months of the preceeding year | Up to the corresponding three months of the prceeding year | |
| 1 | Employees’ remuneration & welfare benefits | 235 877 | 235 877 | 244 570 | 244 570 |
| 2 | Travel, conveyance and vehicle running expenses | 19 216 | 19 216 | 18 801 | 18 801 |
| 3 | Training expenses | 3 084 | 3 084 | 3 536 | 3 536 |
| 4 | Rents, rates & taxes | 15 451 | 15 451 | 14 821 | 14 821 |
| 5 | Repairs | 51 637 | 51 637 | 58 909 | 58 909 |
| 6 | Printing & stationery | 515 | 515 | 235 | 235 |
| 7 | Communication | 5 523 | 5 523 | 2 930 | 2 930 |
| 8 | Legal & professional charges | 12 601 | 12 601 | 36 922 | 36 922 |
| 9 | Auditors' fees, expenses etc | 0 | 0 | ||
| (a) as auditor | 3 105 | 3 105 | 1 074 | 1 074 | |
| (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 | 14 | 14 | 0 | 0 | |
| 10 | Advertisement and publicity | 12 302 | 12 302 | 6 325 | 6 325 |
| 11 | Interest & Bank Charges | 4 014 | 4 014 | 2 808 | 2 808 |
| 12 | IT Expenses | 46 583 | 46 583 | 56 258 | 56 258 |
| 13 | Depreciation | 18 259 | 18 259 | 24 720 | 24 720 |
| 14 | Service Tax A/C | 14 646 | 14 646 | 0 | 0 |
| 15 | Swachh Bharat Cess | 614 | 614 | 0 | 0 |
| 16 | Others | 85 631 | 85 631 | 53 845 | 53 845 |
| TOTAL | 529 072 | 529 072 | 525 754 | 525 754 | |
| 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. | |||||