| FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE | - | ||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| ADVANCES AND OTHER ASSETS | - | - | |
| - | - | - | - |
| - | Particulars | As at 31.03.2011 | As at 31.03.2010 for the corresponding previous year |
| - | - | (Rs '000) | (Rs '000) |
- |
ADVANCES | - | - |
1 |
Reserve deposits with ceding companies | 11527 470 | 16476 166 |
2 |
Application money for investments | 0 | 0 |
3 |
Prepayments | 42 709 | 42 914 |
4 |
Advances to Directors/Officers | 1 545 | 1 866 |
5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) | 14172 919 | 11121 246 |
6 |
Others | 36 508 | 11 692 |
7 |
Deferred Commission | 326 790 | 231 681 |
- |
TOTAL (A) | 26107 941 | 27885 565 |
- |
- | - | - |
- |
OTHER ASSETS | - | - |
1 |
Income accrued on investments | 3907 102 | 3233 690 |
2 |
Outstanding Premiums | - | - |
3 |
Agents’ Balances | - | - |
4 |
Foreign Agencies Balances | - | - |
5 |
Due from other entities carrying on insurance business (including reinsurers) | 23162 745 | 17717 354 |
- |
- | - | - |
6 |
Due from subsidiaries/ holding | - | - |
- |
- | - | - |
7 |
Deposit U/S-7 of Insurance Act | 303 541 | 305 597 |
8 |
Sundry Debtors | 309 848 | 97 869 |
9 |
Sundry Deposits | 238 219 | 102 107 |
10 |
MAT Credit | 771 571 | 0 |
11 |
Terrorism Pool Assets | 21575 791 | 17457 208 |
- |
- | - | - |
- |
TOTAL (B) | 50268 817 | 38913 825 |
- |
TOTAL (A+B) | 76376 758 | 66799 390 |
| * (Includes Rs 1,094,719,030/-(P.Y. Rs 738,450,905/-) for provision for Bad and doubtful debts) | |||