| 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
31.03.2019 |
As at
31.03.2018 |
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ADVANCES |
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| 1 |
Reserve deposits with
ceding companies |
70729 161 |
52017 544 |
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| 2 |
Application money for
investments |
0 |
261 831 |
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| 3 |
Prepayments |
121 208 |
63 740 |
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| 4 |
Advances
to Directors/Officers |
5 913 |
5 448 |
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| 5 |
Advance tax paid and
taxes deducted at source (Net of provision for taxation) |
3200 795 |
642 703 |
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| 6 |
Others |
55 578 |
115 105 |
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| 7 |
Deferred Commission |
0 |
0 |
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TOTAL (A) |
74112 655 |
53106 371 |
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OTHER ASSETS |
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| 1 |
Income accrued on
investments |
10425 282 |
9423 910 |
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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) |
145614 253 |
138760 467 |
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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 |
2449 072 |
828 140 |
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| 9 |
Sundry Deposits |
10745 234 |
8727 632 |
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| 10 |
LPA Assets |
0 |
0 |
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| 11 |
MAT Credit |
14438 189 |
18864 156 |
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| 12 |
Service Tax Unutilised
Credit |
0 |
0 |
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| 13 |
Terrorism Pool Assets |
0 |
0 |
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| 14 |
GST Asset |
1842 935 |
1404 735 |
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| 15 |
VAT Asset Dubai |
27 887 |
0 |
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TOTAL (B) |
185542 852 |
178009 040 |
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TOTAL (A+B) |
259655 507 |
231115 411 |
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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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