| 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
30.09.2018 |
As at
30.09.2017 |
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ADVANCES |
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| 1 |
Reserve deposits with
ceding companies |
67677 636 |
47511 800 |
| 2 |
Application money for
investments |
0 |
0 |
| 3 |
Prepayments |
55 741 |
56 892 |
| 4 |
Advances
to Directors/Officers |
11 372 |
8 844 |
| 5 |
Advance tax paid and taxes
deducted at source (Net of provision for taxation) |
1919 799 |
3310 867 |
| 6 |
Others |
102 199 |
188 933 |
| 7 |
Deferred Commission |
0 |
0 |
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TOTAL (A) |
69766 747 |
51077 336 |
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OTHER ASSETS |
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| 1 |
Income accrued on
investments |
10608 161 |
8907 871 |
| 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) |
181723 592 |
174173 486 |
| 6 |
Due from subsidiaries/
holding |
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| 7 |
Deposit U/S-7 of Insurance
Act |
0 |
0 |
| 8 |
Sundry Debtors |
1146 639 |
156 244 |
| 9 |
Sundry Deposits |
9452 509 |
547 211 |
| 10 |
LPA Assets |
0 |
0 |
| 11 |
MAT Credit |
20857 816 |
16369 380 |
| 12 |
Service Tax Unutilised
Credit |
0 |
0 |
| 13 |
Terrorism Pool Assets |
0 |
0 |
| 14 |
GST Asset |
1906 126 |
0 |
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TOTAL (B) |
225694 843 |
200154 192 |
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TOTAL (A+B) |
295461 590 |
251231 528 |
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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. |
| (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) |
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