| 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) | . | . | |