FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
ADVANCES AND OTHER ASSETS
. . . (Rs '000)
. Particulars SIX MONTH
ENDING 30.09.2012
SIX MONTH
ENDING 30.09.2011
. ADVANCES . .
1 Reserve deposits with ceding companies 17596 896 13647 922
2 Application money for investments  0 100 000
3 Prepayments 2 792 3 359
4 Advances to..Directors/Officers 3 785 2 001
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 8281 212 6954 358
6 Others 17 465 31 400
7 Deferred Commission 255 331 209 682
. TOTAL (A) 26157 481 20948 722
. OTHER ASSETS    
1 Income accrued on investments 5199 905 4635 528
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business .(including reinsurers) 41480 186 33480 183
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 300 450 303 029
8 Sundry Debtors 166 354 68 221
9 Sundry Deposits 251 080 237 916
10 LPA Assets  0  0
11 MAT Credit 1868 600 771 571
12 Terrorism Pool Assets 31048 773 24641 364
. TOTAL (B) 80315 348 64137 812
. TOTAL (A+B) 106472 829 85086 534
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, 1956.
(c)........Sundry Debtors will be shown under item 9(others) . .