FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | ||||
(Amount in Rs. Lakhs) | ||||
Particulars | As at 31.03.2022 | As At 31.03.2021 | ||
ADVANCES | ||||
1 | Reserve deposits with ceding companies | 749,625.76 | 815,500.68 | |
2 | Application money for investments | - | - | |
3 | Prepayments | 3,897.11 | 4,282.13 | |
4 | Advances to Directors/Officers | 25.96 | 30.68 | |
5 | Advance tax paid and taxes deducted at source (Net of provision for taxation) | 85,942.72 | 77,768.10 | |
6 | Others (to be specified) (i)_____ (ii) _____ | 2,189.32 | 2,200.16 | |
TOTAL (A) | 841,680.88 | 899,781.74 | ||
OTHER ASSETS | ||||
1 | Income accrued on investments | 128,200.46 | 116,190.81 | |
2 | Outstanding Premiums | |||
Less : Provisions for doubtful ,if any | ||||
3 | Agents’ Balances | |||
4 | Foreign Agencies Balances | |||
5 | Due from other entities carrying on insurance business (including reinsurers) | 1,058,978.87 | 1,261,176.71 | |
Less : Provisions for doubtful, if any | 33,970.06 | 54,890.16 | ||
1,025,008.81 | 1,206,286.55 | |||
6 | Due from subsidiaries/ holding | |||
7 | Investments held for Unclaimed Amount of Policyholders | |||
8 | Others (to be specified)
| |||
Sundry Debtors | 2,704.24 | 119.65 | ||
Sundry Deposits | 226,693.87 | 185,388.09 | ||
MAT Credit Entitlement | - | 78,014.83 | ||
GST Asset | 5,941.82 | 1,074.63 | ||
Pension Asset | - | - | ||
Gratuity Asset | - | 290.29 | ||
TOTAL (B) | 1,388,549.20 | 1,587,364.84 | ||
TOTAL (A+B) | 2,230,230.08 | 2,487,146.59 | ||
Notes: | ||||
(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. | ||||