| 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 30.09.2017 | As at 30.09.2016 | |
| ADVANCES | |||
| 1 | Reserve deposits with ceding companies | 47511 800 | 31732 194 |
| 2 | Application money for investments | 0 | 0 |
| 3 | Prepayments | 56 892 | 15 696 |
| 4 | Advances to Directors/Officers | 8 844 | 8 919 |
| 5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 3310 867 | 2668 192 |
| 6 | Others | 188 933 | 676 919 |
| 7 | Deferred Commission | 0 | 405 304 |
| TOTAL (A) | 51077 336 | 35507 224 | |
| OTHER ASSETS | |||
| 1 | Income accrued on investments | 8907 871 | 8114 361 |
| 2 | Outstanding Premiums | ||
| 3 | Agents’ Balances | ||
| 4 | Foreign Agencies Balances | ||
| 5 | Due from other entities carrying on insurance business (including reinsurers) | 174173 486 | 92532 686 |
| 6 | Due from subsidiaries/ holding | ||
| 7 | Deposit U/S-7 of Insurance Act | 0 | 0 |
| 8 | Sundry Debtors | 156 244 | 98 707 |
| 9 | Sundry Deposits | 547 211 | 364 807 |
| 11 | MAT Credit | 16369 380 | 15045 407 |
| 12 | Service Tax Unutilised Credit | 0 | 445 977 |
| 13 | Terrorism Pool Assets | 0 | 0 |
| TOTAL (B) | 200154 192 | 116601 945 | |
| TOTAL (A+B) | 251231 528 | 152109 169 | |
| 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) | |||