FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS



(` '000)

Particulars THREE MONTH ENDING 30.06.2013 THREE MONTH ENDING 30.06.2012

ADVANCES

1 Reserve deposits with ceding companies 22275 694 16191 555
2 Application money for investments 147 250 0
3 Prepayments 8 288 4 939
4 Advances to  Directors/Officers 4 338 3 343
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 7008 252 9012 838
6 Others 94 430 15 789
7 Deferred Commission 396 540 359 988

TOTAL (A) 29934 792 25588 452

OTHER ASSETS

1 Income accrued on investments 6473 532 4937 257
2 Outstanding Premiums

3 Agents’ Balances

4 Foreign Agencies Balances

5 Due from other entities carrying on insurance business  (including reinsurers) 37004 374 38117 668
6 Due from subsidiaries/ holding

7 Deposit U/S-7 of Insurance Act 298 913 300 969
8 Sundry Debtors 5 915 27 963
9 Sundry Deposits 270 833 237 657
10 LPA Assets 0 0
11 MAT Credit 4085 572 555 900
12 Terrorism Pool Assets 35358 097 29055 306

TOTAL (B) 83497 236 73232 720

TOTAL (A+B) 113432 028 98821 172
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)