| FORM NL-16-ADVANCES AND OTHER ASSETS
SCHEDULE |
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| Name of the
Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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| ADVANCES AND
OTHER ASSETS |
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(` '000) |
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Particulars |
As at
30.06.2018 |
As at
30.06.2017 |
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ADVANCES |
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| 1 |
Reserve deposits with
ceding companies |
64536 541 |
40804 469 |
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| 2 |
Application money for
investments |
0 |
200 000 |
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| 3 |
Prepayments |
55 216 |
63 695 |
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| 4 |
Advances
to Directors/Officers |
5 823 |
6 186 |
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| 5 |
Advance tax paid and
taxes deducted at source (Net of provision for taxation) |
647 786 |
2122 759 |
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| 6 |
Others |
106 387 |
177 572 |
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| 7 |
Deferred Commission |
0 |
0 |
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TOTAL (A) |
65351 753 |
43374 681 |
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OTHER ASSETS |
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| 1 |
Income accrued on
investments |
10091 987 |
8519 169 |
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| 2 |
Outstanding Premiums |
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| 3 |
Agents’ Balances |
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| 4 |
Foreign Agencies
Balances |
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| 5 |
Due from other entities
carrying on insurance business (including reinsurers) |
227898 498 |
162906 159 |
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| 6 |
Due from subsidiaries/
holding |
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| 7 |
Deposit U/S-7 of
Insurance Act |
0 |
0 |
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| 8 |
Sundry Debtors |
876 851 |
1 113 |
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| 9 |
Sundry Deposits |
8987 183 |
547 100 |
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| 10 |
LPA Assets |
0 |
0 |
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| 11 |
MAT Credit |
18864 155 |
17117 738 |
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| 12 |
Service Tax Unutilised
Credit |
0 |
420 459 |
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| 13 |
Terrorism Pool Assets |
0 |
0 |
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| 14 |
GST Asset |
1910 176 |
0 |
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TOTAL (B) |
268628 850 |
189511 738 |
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TOTAL (A+B) |
333980 603 |
232886 419 |
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| Notes: |
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| (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. |
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| (b) The term ‘officer’ should conform to the definition of
that term as given under the Companies Act, 2013. |
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| (c) Sundry Debtors will be shown under item 9(others) |
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