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 31.12.2019 | Up to the Nine Months ending 31.12.2019 | For the corresponding Three months of the preceeding year | Up to the corresponding Nine months of the prceeding year | ||
1 | Employees’ remuneration & welfare benefits | -2 820 | 1558 509 | 338 316 | 893 155 | |
2 | Travel, conveyance and vehicle running expenses | 18 462 | 51 055 | 23 775 | 53 997 | |
3 | Training expenses | 4 734 | 10 168 | 7 174 | 12 190 | |
4 | Rents, rates & taxes | 17 393 | 49 299 | 16 148 | 48 167 | |
5 | Repairs | 57 448 | 165 344 | 60 227 | 164 824 | |
6 | Printing & stationery | 849 | 2 001 | 1 418 | 2 468 | |
7 | Communication | 3 050 | 9 566 | 4 373 | 11 736 | |
8 | Legal & professional charges | 26 638 | 58 597 | 22 352 | 55 847 | |
9 | Auditors' fees, expenses etc | 0 | 0 | |||
(a) as auditor | 3 108 | 10 970 | 1 234 | 5 094 | ||
(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 | 1 | 17 | 0 | 0 | ||
10 | Advertisement and publicity | 15 342 | 57 244 | 60 221 | 90 338 | |
11 | Interest & Bank Charges | 177 890 | 195 137 | 144 347 | 161 194 | |
12 | IT Expenses | 39 074 | 146 462 | 19 547 | 142 774 | |
13 | Depreciation | 34 166 | 140 351 | 36 970 | 93 607 | |
14 | GST Expenses A/c | 232 374 | 232 374 | 0 | 0 | |
15 | Swachh Bharat Cess | 0 | 0 | 0 | 0 | |
16 | Others | -99 145 | 128 727 | -24 835 | 154 506 | |
TOTAL | 528 564 | 2815 821 | 711 267 | 1889 897 | ||
0 | 0 | |||||
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. | ||||||