FORM NL-7-OPERATING EXPENSES SCHEDULE | ||||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | (Rs. '000) | |||||
PARTICUALRS | For the Three Months ending 30.06.2020 | Upto Three Months Ending 30.06.2020 | For the Three Months ending 30.06.2019 | Upto Three Months Ending 30.06.2019 | ||
1 | Employees’ remuneration & welfare benefits | 278 790 | 278 790 | 253 935 | 253 935 | |
2 | Travel, conveyance and vehicle running expenses | 377 | 377 | 17 214 | 17 214 | |
3 | Training expenses | 48 | 48 | 3 415 | 3 415 | |
4 | Rents, rates & taxes | 13 035 | 13 035 | 16 424 | 16 424 | |
5 | Repairs | 53 478 | 53 478 | 64 039 | 64 039 | |
6 | Printing & stationery | 44 | 44 | 549 | 549 | |
7 | Communication | 1 370 | 1 370 | 3 055 | 3 055 | |
8 | Legal & professional charges | 17 592 | 17 592 | 14 752 | 14 752 | |
9 | Auditors' fees, expenses etc | 0 | 0 | |||
(a) as auditor | 6 296 | 6 296 | 3 541 | 3 541 | ||
(b) as adviser or in any other capacity, in respect of | ||||||
(i) Taxation matters | 0 | 0 | 0 | 0 | ||
(ii) Insurance matters | 0 | 0 | 17 | 17 | ||
(iii) Management services; and | 0 | 0 | 0 | 0 | ||
(c) in any other capacity | 0 | 0 | 0 | 0 | ||
10 | Advertisement and publicity | 5 622 | 5 622 | 19 351 | 19 351 | |
11 | Interest & Bank Charges | 136 255 | 136 255 | 128 783 | 128 783 | |
12 | IT Expenses | 72 597 | 72 597 | 20 768 | 20 768 | |
13 | Depreciation | 33 646 | 33 646 | 42 467 | 42 467 | |
14 | GST Expenses A/c | 22 371 | 22 371 | 0 | 0 | |
15 | Swachh Bharat Cess | 0 | 0 | 0 | 0 | |
16 | Others | 35 023 | 35 023 | 46 371 | 46 371 | |
TOTAL | 676 544 | 676 544 | 634 681 | 634 681 | ||
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. | ||||||