FORM NL-7-OPERATING EXPENSES SCHEDULE
Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS
- PARTICUALRS FOR THE QUARTER NINE MONTH ENDING 31.12.2011 FOR THE QUARTER OF THE PRECEDING YEAR NINE MONTH ENDING 31.12.2010
- - (Rs '000) (Rs '000) (Rs '000) (Rs '000)
1 Employees’ remuneration & welfare benefits 129 975 363 311 81 072 311 012
2 Travel, conveyance and vehicle running expenses 9 384 17 719 9 065 16 793
3 Training expenses 1 028 1 825  996 2 401
4 Rents, rates & taxes 11 308 20 755 5 616 14 930
5 Repairs 34 416 95 097 29 109 98 854
6 Printing & stationery  893 2 132  778 2 117
7 Communication 1 342 6 817 3 223 7 753
8 Legal & professional charges 6 569 14 543 5 487 12 414
9 Auditors' fees, expenses etc - - - -
- (a) as auditor  385 1 045  525 1 360
- (b) as adviser or in any other capacity, in respect of - - - -
- (i) Taxation matters  188  188  0  0
- (ii) Insurance matters - - - -
- (iii) Management services; and - - - -
- (c)-----------in any other capacity  133  538  61 1 477
10 Advertisement and publicity 19 397 30 922 13 363 17 382
11 Interest & Bank Charges 3 055 9 185 1 597 6 868
12 Others  63 235 121 491 30 338 63 952
13 Depreciation 13 032 29 705 8 533 21 998
- TOTAL 294 340 715 273 189 763 579 311